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Business Deposit Rates

Personal Deposit Rates | Business Deposit Rates | Loan Rates

Hills Bank has many ways to earn interest for your business. Choose from

To open a cash management account, business CD, business checking account, business money market, or business savings account, apply online or stop by any Hills Bank location to talk to a commercial banker.

Cash Management Account

Rates effective August 6, 2008 and subject to change at any time.

Cash Management     
  APY  Interest Rate 
Under $15,000 
0.60%  0.60% 
$15,000 - $49,999 
0.65%  0.65% 
$50,000 - $99,999 
1.00%  1.00% 
$100,000 - $249,999 
1.25%  1.24% 
$250,000 - $499,999 
1.35%  1.34% 
$500,000 & Over 
1.50%  1.49% 

  • APY - Annual Percentage Yield
  • Excess funds over an established threshold are swept daily into an overnight repurchase agreement
  • Funds in the overnight repurchase agreement are not FDIC insured
  • Line of Credit may be available

Cash Management Account

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Certificates of Deposit (CDs)

Rates effective August 6, 2008 and subject to change at any time.

Fixed Rate CDs Under $100,000     
Term  APY  Interst Rate 
3 Month 
1.50%  1.49% 
6 Month 
2.00%  1.99% 
12 Month 
3.25%  3.21% 
18 Month 
3.50%  3.45% 
24 Month 
3.65%  3.60% 
30 Month 
3.75%  3.70% 
36 Month Special 
4.00%  3.94% 
48 Month 
4.00%  3.94% 
60 Month 
4.00%  3.94% 

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Fixed Rate CDs Over $100,000     
Term  APY  Interest Rate 
7-89 Day 
1.00%  1.00% 
3 Month 
1.60%  1.59% 
6 Month 
2.10%  2.08% 
12 Month 
3.35%  3.31% 
18 Month 
3.60%  3.55% 
24 Month 
3.75%  3.70% 
30 Month 
3.85%  3.80% 
36 Month Special 
4.10%  4.04% 
48 Month 
4.10%  4.04% 
60 Month 
4.10%  4.04% 

  • APY - Annual Percentage Yield
  • Penalty may be imposed for early withdrawal
  • Fees may reduce earnings
  • $500 minimum opening deposit unless otherwise stated.
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Checking Accounts

Rates effective August 6, 2008 and subject to change at any time.

Basic Business Checking Plus     
  APY  Interest Rate 
$1,000 - $9,999 
0.00% to 0.30%  0.33% 
$10,000 & Over 
0.30% to 0.45%  0.45% 

  • The annual percentage yield (APY) for each tier will be within the range indicated, depending on the balance in the account
  • Interest will be paid on the portion of your daily collected balance that is greater than $1,000

Basic Business Checking Plus Account Details

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Business Checking Plus     
  APY  Interest Rate 
$2,500 - $14,999 
0.00% to 0.28%  0.33% 
$15,000 - $49,999 
0.28% to 0.66%  0.82% 
$50,000 - $99,999 
0.66% to 0.80%  0.95% 
$100,000 - $499,999 
0.80% to 1.00%  1.05% 
$500,000 & Over 
1.00% to 1.50%  1.49% 

  • Interest will be paid on the portion of your daily collected balance that is greater than $2,500
  • The annual percentage yield (APY) for each tier will be within the range indicated, depending on the balance in the account

Business Checking Plus Account Details

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Not-For-Profit Investment Checking     
  APY  Interest Rate 
$0 - $999 
0.28%  0.28% 
$1,000 - $9,999 
0.40%  0.40% 
$10,000 & over 
0.50%  0.50% 

  • APY - Annual percentage yield

Not-For-Profit Investment Checking Details

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Money Market Accounts

Rates effective August 6, 2008 and subject to change at any time.

Commercial High Balance Money Market     
  APY  Interest Rate 
$15,000-$99,999 
1.00%  1.00% 
$100,000-$249,999 
1.25%  1.24% 
$250,000-$499,999 
1.35%  1.34% 
$500,000 & Over 
1.50%  1.49% 

  • Rate may change after account is open
  • Fees could reduce earnings
  • Annual Percentage Yield (APY) is based on monthly compounding
  • $100,000 minimum to open
  • If balance is less than $15,000, no interest is earned for that day

Commercial High Balance Money Market

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Money Market     
  APY  Interest Rate 
$1,000-$2,499 
0.38%  0.38% 
$2,500-$9,999 
0.46%  0.46% 
$10,000-$74,999 
0.50%  0.50% 
$75,000 & Over 
0.59%  0.59% 

  • Rate may change after account is open
  • Fees could reduce earnings
  • Annual Percentage Yield (APY) is based on monthly compounding
  • If balance is less than $1,000, no interest is earned for that day

Business Money Market

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Savings Accounts

Rates effective August 6, 2008 and subject to change at any time.

Business Savings     
  APY  Interest Rate 
$0 & Over 
0.60%  0.60% 

Business Savings Accounts

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Gold Savings     
  APY  Interest Rate 
$0-$9,999 
0.00%  0.00% 
$10,000-$24,999 
0.75%  0.75% 
$25,000-$49,999 
0.75%  0.75% 
$50,000-$99,999 
1.00%  1.00% 
$100,000-$249,999 
1.25%  1.24% 
$250,000-$499,999 
1.35%  1.34% 
$500,000 & Over 
1.50%  1.49% 

  • No minimum to open
  • Rate may change after account is open
  • Fees could reduce earnings
  • Annual Percentage Yield (APY) is based on quarterly compounding

Gold Savings Account

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