Can I withdraw funds from a Business CD before it matures?

Early withdrawal of principal from a Business CD before the maturity date may result in a penalty. The penalty amount depends on the term of the CD. A grace period is available at maturity to withdraw, renew, or reinvest funds without penalty.

Where can I open a Business CD with PSBT?

PSBT Business CDs can be opened at any of PSBT's 40 branch locations across Pennsylvania, New Jersey, and New York. You can also get in touch by calling 1.844.PSBT.NOW or filling out a contact form online.

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Certificates of Deposit (CDs)

Business Certificates of Deposit (CDs)

Q: What is the interest rate on a PSBT Business CD?

PSBT Business CDs carry a fixed interest rate for the full term of the certificate. Rates are competitive and vary by term length and deposit amount. Contact a PSBT banker or visit a branch in PA, NJ, or NY for current rates.

Q: Are PSBT Business CDs FDIC insured?

Yes. PSBT is an FDIC-insured institution. Business CD deposits are insured up to $250,000 per depositor per ownership category. Businesses with deposits exceeding standard coverage limits should speak with a PSBT banker about additional options.

Put your business cash to work with a fixed rate you can count on in PA, NY, or NJ.

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A PSBT Business Certificate of Deposit gives your business a guaranteed return on funds you do not need immediate access to. You choose the term, lock in a fixed rate, and know exactly what your money will earn from day one. There are no market swings to track and no rate surprises during the life of the CD.

PSBT offers Business CDs across a full range of terms from 3 months to 60 months, with competitive rates and a choice of interest payment options to fit your business cash flow. Whether you are setting aside reserves, building toward a planned capital purchase, or managing surplus operating funds, a Business CD keeps your money working without adding complexity to your treasury.

PSBT bankers are available at 40 branch locations across Pennsylvania, New Jersey, and New York to help you select the right term and structure for your business deposit goals.

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When a business CD makes sense

A Business CD is the right tool when your business has cash you can set aside for a defined period and wants a guaranteed return without exposure to market volatility.

Parking operating surplus

Set aside excess cash between planned capital expenditures and earn a guaranteed return while you wait.

Building a reserve fund

Grow your business reserves at a predictable, fixed rate with no exposure to market ups and downs.

Saving for a known expense

Match a CD term to a future cost — a lease renewal, equipment purchase, or tax obligation — and know exactly what you'll have.

Outearning a savings account

Earn a higher rate than a standard business savings or money market account on funds you won't need before maturity.

Need more flexibility? PSBT's Business Money Market and Business Savings accounts offer interest-bearing options with greater liquidity. A PSBT banker can help you compare options based on your business's cash flow needs.

Grow Your Business Reserves - Open a PSBT Business CD Today

A Business Certificate of Deposit (CD) lets your company earn a fixed rate of interest over a set term, typically higher than a standard business savings account. At PSBT, we make it straightforward to put idle business funds to work through a community bank that understands what local businesses need.

Security
Your deposits are FDIC-insured up to the legal limit, so your business reserves are protected.

Simplicity
Choose your term, deposit your funds, and earn. No complicated steps, no surprises.

Consistency
Fixed interest means you know exactly what your return will be.

Flexibility
From 3 months to 5 years, pick the term that fits your business's cash flow and goals.

Competitive
Earn more on the funds you're not actively using with rates designed to outperform traditional business savings accounts.

Local
Our business banking teams across 40 branches in PA, NY, and NJ are ready to help you find the right term and strategy for your business.

Current Business CD Rates in Pennsylvania, New York, & New Jersey

Peoples Security Bank & Trust offers a wide range of Business Certificate of Deposit terms — from 3 months to 60 months — with competitive fixed interest rates that reward larger deposits. With a minimum opening balance of just $1,000, businesses can choose from tiered rate options that increase with deposit amounts of $50,000 or $100,000 and above.
Whether you're looking for short-term growth with a 3- or 6-month Business CD, or planning ahead with a 36-, 48-, or 60-month term, PSBT provides flexible savings solutions tailored to your business's financial goals. Rates vary by term and deposit tier, so contact your local branch to find the best Business CD option for your company in Pennsylvania, New York, or New Jersey.

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Business CD Specials Available Near You

Looking for even higher returns on your business reserves? Some Peoples Security Bank & Trust branches offer limited-time Business CD specials with enhanced interest rates. To learn about current offers available near you, contact your local branch directly.

Locations

How to Open a Business Certificate of Deposit (CD) Account

Getting started is easy. Visit or contact your nearest Peoples Security Bank & Trust branch to open a Business Certificate of Deposit. Our business banking team will guide you through the available terms, rates, and any promotional Business CD offers currently available in your area.

Business Certificate of Deposit FAQ

What terms are available for PSBT Business CDs?

PSBT Business CDs are available in a full range of terms from 3 months to 60 months. This gives businesses the ability to match the CD term to a specific savings goal or cash flow timeline. Shorter terms work well for near-term reserves. Longer terms lock in a fixed rate for businesses that can commit funds for an extended period.

What is the interest rate on a PSBT Business CD?

PSBT Business CDs carry a competitive fixed interest rate for the full length of the term you choose. Rates vary by term length and deposit amount. Contact a PSBT banker or visit a branch in PA, NJ, or NY for current rates.

How is interest paid on a PSBT Business CD?

PSBT Business CDs offer a choice of interest payment options. Depending on the term selected, businesses can receive interest at maturity or have interest credited to a linked account on a periodic basis. A PSBT banker can walk you through the available options for your chosen term.

Are PSBT Business CDs FDIC insured?

Yes. PSBT is a member FDIC institution. Business CD deposits are insured up to $250,000 per depositor per ownership category. Businesses holding deposits that may approach or exceed standard coverage limits should speak with a PSBT banker about structuring options.

What happens if I need to withdraw funds before the maturity date?

Early withdrawal of principal from a Business CD before the maturity date may result in a penalty. The specific penalty depends on the term of the CD. At maturity, PSBT provides a grace period during which you can withdraw funds, renew the CD, or reinvest without penalty.

How does a Business CD compare to a Business Money Market or Business Savings account?

A Business CD offers a fixed rate for a defined term, which means the rate does not fluctuate based on market conditions. In exchange, funds are committed until the maturity date. A Business Money Market or Business Savings account offers more day-to-day flexibility but carries a variable rate. The right choice depends on your business's liquidity needs and timeline.

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Complete this quick form, CHAT with us, call us at 1.844.PSBT.NOW, or stop by any of our community offices across Pennsylvania, New York or New Jersey to speak with a banker today.

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