Business Savings & Time Certificates
The Security Your Business Needs
Community West Bank has always supported local businesses with exceptional products and services – just what you need to keep your organization strong and competitive in today’s market. Whether you are looking for a Savings, Money Market, CD or Health Savings account, we have an account for your business.
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Features |
Business Savings |
Business Money Market Savings |
Time Certificates of Deposit |
Employer Group Health Savings Accounts |
Learn More Here
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Learn More Here
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Learn More Here
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Learn More Here
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Description |
Designed to help businesses manage liquidity Can be linked to a Community West Bank Business Checking account |
A flexible account earning more than a traditional savings account with instant access to your funds Available to sole proprietorships, non-profit organizations, partnerships, corporations and limited liability companies |
Standard TCD offers fixed terms and rates from 3 months to 60 months Jumbo TCD offers fixed terms and rates from 1 month to 60 months |
A Savings account that individuals with qualified high deductible health insurance policies can fund and use to pay for medical expenses (3)
Health Savings Account Frequently Asked Questions
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Minimum Opening Deposit |
$200 |
Standard: $3,500 Premium: $10,000
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Standard: $2,000 Jumbo: $100,000
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$100 ($20 one time implementation fee)
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Monthly Service Charge |
$5 |
Standard: $12 Premium: $17 |
None |
$3 |
Minimum Balance to Waive Service Fee
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$1,000 Daily Balance |
Standard: $3,500 Daily Balance Premium: $10,000 Daily Balance
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Not Applicable |
Not Applicable |
Interest Earning |
Yes (1) (If the account is closed prior to the interest payment period, interest will not be received)
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Standard & Premium: Yes (1) (If the account is closed prior to the interest payment period, interest will not be received)
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Yes (1) (Based on principal balance at time of calculation. If the account is closed prior to the interest payment period, interest will not be received) |
No interest earned on days the balance falls below $500
Interest is accrued daily and paid monthly at current market rate
If the account is closed prior to the interest payment period, interest will not be received
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Transaction Limits |
None
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None
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Early withdraw penalties apply (2)
Please see a New Account Sales Representative with questions
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Please see a New Accounts Representative with questions
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Special Features and Services Available |
Please see a New Account Representative for more details
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Please see a New Account Representative for more details
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Offers a fixed rate of interest on funds deposited
Automatically renewable for a like period, at the current market rates in effect at the time of renewal
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Unlimited check writing and debit card usage
Monthly Statements
Free Personal Online Banking Flexible access to account funds
Tiered rates for higher balances
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(1) Interest earned is deducted from earnings credit when on analysis. No interest earned on the days balance falls below $3,500 for a Money Market account $10,000 for a Premium Money Market account, $2,000 for a standard Certificate of Deposit or $10,000 for a Jumbo Corticate of Deposit. This account is a tiered-rate account. The interest rate and annual percentage yield for your account depends upon the applicable rate tier. We may change the interest rate on your account at any time. Refer to rate sheet for current information. See Banking Center for details.
(2) Substantial penalties may apply for each withdrawal of funds from a time deposit.
(3) You should consult your tax advisor regarding the tax benefits and restrictions of contributing to a Health Savings Account.
Please Note: This information is accurate as of April 1, 2024. Refer to "Important Information About Business Deposit Accounts" Terms and Conditions for details. Community West Bank reserves the right to make changes at any time as a result of a change of policy, law, and regulation or otherwise.