BUSINESS CERTIFICATES OF DEPOSIT

BUSINESS CERTIFICATES OF DEPOSIT

A great way for businesses to earn a fixed rate of interest on their investment.

Business Certificates of Deposit

Certificates of Deposit

Available with a minimum investment* of $1,000.00. Terms available from 30 days to 60 months.

*The minimum opening deposit may be subject to product requirements.

SuperSuite CD

Allegiance Bank extends its line of customary certificate of deposit products to include the SuperSuite CD.

Features
The innovative SuperSuite CD is designed as a strategic certificate of deposit. While providing a premium interest rate, it also delivers preferred features upon renewal. So, if you are looking for great interest rate features, staggered maturities resulting in more flexibility for future liquidity and premium pricing, then read more about this SWEET CD product.

A Packaged Deal
The SuperSuite CD is actually 4 separate CDs that are simply sold together with enhanced benefits provided up front. After the initial purchase, each of the 4 CDs (in the suite) operates as a separate, stand alone CD but with three of the four CDs receiving a one-time future renewal rate guarantee.

The SuperSuite CD is offered in either of two maturity ranges, a one year suite or a two year suite. For each given suite, the total deposit is divided into 4 separate CDs of equal size. The term or maturity date for each of the four are staggered or laddered. For example: the 1 year SuperSuite CD will contain a 3 month CD, a 6 month CD, a 9 month CD and a 1 year CD. The interest rate for each CD will equal the higher, 1 year CD rate.

We will also guarantee that for each of the first three CDs in the suite, if at their first maturity, they are renewed for a one year (or two year) term, the renewal rate will remain as the original interest rate.


Additional Details

General
The SuperSuite CD is a package or "Suite" of 4 CDs that are purchased together with enhanced features as compared to either a single longer-term CD or 4 separate, do-it-yourself, laddered CDs. The benefits of the SuperSuite CD are:

  • You receive the longer term rate on the shorter term CDs.
  • Each CD receives a premium rate over the standard rates.
  • Shorter maturities result in flexibility for:
    • Liquidity
    • Interest rate management
    • Realignment of maturities
  • A guaranteed interest rate at renewal.

The One Year SuperSuite
The total for all four CDs in the suite must be a minimum of $20,000.00. Each CD will be for one-fourth of the total amount. The term for the CDs will be 3 months, 6 months, 9 months and 1 year. The interest rate for each CD will be the same and will earn a premium rate over the Allegiance Bank standard rate for a 1 year CD. This rate is a guaranteed minimum for the first renewal of the 3 month, the 6 month and the 9 month CDs if they are renewed for a 1 year term. Each CD will renew for a 1 year term unless otherwise instructed. Interest will be paid monthly for all 4 CDs and will compound monthly. Please see all additional disclosures that are included with the actual CD.

The Two Year SuperSuite
The total for all four CDs in the suite must be a minimum of $20,000.00. Each CD will be for one-fourth of the total amount. The term for the CDs will be 6 months, 12 months, 18 months and 2 years. The interest rate for each CD will be the same and will earn a premium rate over the Allegiance Bank standard rate for a 2 year CD. This rate is a guaranteed minimum for the first renewal of the 6 month, the 12 month and the 18 month CDs if they are renewed for a 2 year term. Each CD will be renewed for a 2 year term unless otherwise instructed. Interest will be paid monthly for all 4 CDs and will compound monthly. Please see all additional disclosures that are included with the actual CD.

Interested in meeting with a banker to learn more?

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