Beth
(231) 935-HELP (4357)
Toll-free (866) 935-4357
Monday–Friday 8:00 a.m. to 7:00 p.m.
Saturday 9:00 a.m. to 1:00 p.m.
customerservice@nwbank.com
Bank by Phone (877) 365-2470
24 hours a day, 7 days a week
Business CDs
Business Certificates of Deposit (CDs)
- Term options: 91 days, 182 days, 7-60 months in one-month increments.
- Open your CD with as little as $500.
- Additional deposits allowed for first six months for CDs greater than 11
months ($500 minimum additional deposit).
- Interest rate varies with term; compounded quarterly (except 91 day).
- FDIC insured up to $250,000.
- Early withdrawal penalty: term of one year or less-90 days' interest; term
greater than one year-180 days' interest.
Jumbo Certificate of Deposit
- Minimum amount to open: $100,000.
- No additional deposits allowed.
- 30 to 365 day terms available.
- Interest rate varies with term; interest is not compounded and is paid at
maturity.
- Early withdrawal penalty: forfeiture of all interest earned.
CDARS®
CDARS is an investment tool from Northwestern Bank that can provide you with full FDIC insurance on your deposits--up to $50 million.
Click here for more information.