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Business Savings and Time Certificates

Our business savings, money market accounts and certificates of deposit keep your funds working hard, and complement your business checking account. 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.

Exceptional Support for Local Businesses: Community West Bank offers tailored products and services designed to keep your business strong and competitive in today’s market.
Diverse Account Options: Choose from Business Savings, Business Money Market, Time Certificates of Deposit (CDs), and Employer Group Health Savings Accounts to meet your financial needs.
Flexible Savings Solutions: Business Money Market accounts provide higher earning potential than traditional savings accounts with instant access to your funds.

Competitive Time Certificates of Deposit: Enjoy fixed terms and rates from 3 to 60 months for standard CDs, and 1 to 60 months for Jumbo CDs, ensuring secure and profitable savings.
Health Savings Accounts: These accounts allow individuals with qualified high deductible health insurance policies to save for and pay medical expenses, providing a valuable benefit to your employees.
Linked Accounts and Interest Earnings: Business Savings and Money Market accounts can be linked to Community West Bank Business Checking accounts, offering seamless management and interest earnings on your balances.

Business Savings Account Options

Features	Business Savings	Business Money Market Savings	Premium Money Market Account	Time Certificate of Deposit
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.	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.
Minimum Opening Deposit	$200	$3,500	$10,000	Standard: $2,000 Jumbo: $100,000
Monthly Service Charge	$5	$12	$17	None
Daily Balance To Waive	$1000 Daily balance	$3500 Daily balance	$10,000 Daily balance	Not applicable
Interest Earning	Yes¹ If the account is closed prior to the interest payment period, interest will not be received.	Yes¹ If the account is closed prior to the interest payment period, interest will not be received.	Yes¹ If the account is closed prior to the interest payment period, interest will not be received.	Yes¹ Based on principal balance at the time of calculation. If the account is closed prior to the interest payment period, interest will not be received.
Transaction Fees	None	None	None	Early withdrawal penalties apply² Please see a new account representative with questions.
Special Features	Surcharge free access to ATMs within the MoneyPass ® network.	Surcharge free access to ATMs within the MoneyPass ® network.	Surcharge free access to ATMs within the MoneyPass ® network.	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.

Business Savings Account Options

Features	Description	Minimum Opening Deposit	Monthly Service Charge	Daily Balance To Waive	Interest Earning	Transaction Fees	Special Features
Business Savings	Designed to help businesses manage liquidity. Can be linked to a Community West Bank business checking account.	$200	$5	$1000 Daily balance	Yes¹ If the account is closed prior to the interest payment period, interest will not be received.	None	Surcharge free access to ATMs within the MoneyPass ® network.
Business Money Market Savings	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.	$3,500	$12	$3500 Daily balance	Yes¹ If the account is closed prior to the interest payment period, interest will not be received.	None	Surcharge free access to ATMs within the MoneyPass ® network.
Premium Money Market 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.	$10,000	$17	$10,000 Daily balance	Yes¹ If the account is closed prior to the interest payment period, interest will not be received.	None	Surcharge free access to ATMs within the MoneyPass ® network.
Time Certificate of Deposit	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.	Standard: $2,000 Jumbo: $100,000	None	Not applicable	Yes¹ Based on principal balance at the time of calculation. If the account is closed prior to the interest payment period, interest will not be received.	Early withdrawal penalties apply² Please see a new account representative with questions.	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.

(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 Certificate of Deposit. If the account is closed prior to the interest payment period, interest will not be received. 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.

(2) Substantial penalties may apply for each withdrawal of funds from a time deposit. Community West Bank reserve the right to make changes at any time as a result of a change of policy, law, and regulation or otherwise.

Please note: This information is accurate as of 7/22/24. 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.