Business Deposit Rates

Business Deposit Rates

Hills Bank has many business accounts to fit your business banking needs.

To open a business account, visit any Hills Bank location to speak with a Treasury Management Representative.

Rates effective July 10, 2020 and subject to change at any time without notice.

  • Certificates of Deposit (CDs)

    Fixed Rate CDs

    Term APY Interest Rate

    3 Month 

    0.05% 

    0.05% 

    6 Month 

    0.10% 

    0.10% 

    12 Month

    0.20% 

    0.20%

    17 Month Special

    1.00%

    1.00%

    18 Month

    0.30%

    0.30%

    24 Month

    0.50%

    0.50%

    30 Month

    0.60%

    0.60%

    36 Month

    0.70%

    0.70%

    48 Month

    0.80% 

    0.80% 

    60 Month

    0.90%

    0.90%

    • APY = Annual Percentage Yield.
    • Penalty may be imposed for early withdrawal.
    • Fees may reduce earnings.
    • $500 minimum to open and obtain APY unless otherwise stated.

     

    Add-on CD

    Term APY Interest Rate

    24 Month

    0.50% 

    0.50% 

    • APY = Annual Percentage Yield.
    • Penalty may be imposed for early withdrawal.
    • Fees may reduce earnings.
    • $500 minimum to open and obtain APY. Subsequent deposit minimum $100.
  • Checking Accounts

    Business Interest Checking

    Balance APY Interest Rate

    $2,500 - $14,999

    0.15%

    0.15%

    $15,000 - $49,999

    0.20% 

    0.20%

    $50,000 - $99,999

    0.25% 

    0.25% 

    $100,000 - $499,999

    0.30%

    0.30%

    $500,000 & Over

    0.30%

    0.30%

    • The Annual Percentage Yield (APY) is based on monthly compounding.
    • Interest rates may change after account is open.
    • Fees could reduce earnings.
    • If balance is less than $2,500 no interest is earned for that day.

     

    Non-Profit Interest Checking

    Balance APY Interest Rate

    $0 - $999 

    0.10% 

    0.10% 

    $1,000 - $9,999 

    0.15% 

    0.15% 

    $10,000 - $49,999

    0.20% 

    0.20% 

    $50,000 - $99,999

    0.25%

    0.25%

    $100,000 & Over

    0.30%

    0.30%

    • The Annual Percentage Yield (APY) is based on monthly compounding.
    • Interest rates may change after account is open.
    • Fees could reduce earnings
  • Money Market

    Business Money Market

    Balance APY Interest Rate

    $1,000 - $2,499

    0.10%

    0.10%

    $2,500 - $9,999

    0.15% 

    0.15%

    $10,000 - $74,999

    0.25% 

    0.25% 

    $75,000 & Over

    0.30%

    0.30%

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

     

    Gold Premier Money Market

    Balance APY Interest Rate

    $15,000 - $99,999 

    0.25% 

    0.25% 

    $100,000 - $249,999 

    0.30% 

    0.30% 

    $250,000 - $499,999

    0.30% 

    0.30% 

    $500,000 -& Over

    0.30%

    0.30%

    • $15,000 minimum to open and earn interest
    • Pays interest at variables rates on tiered balances
    • The Annual Percentage Yield (APY) is based on monthly compounding.
    • Transfers to another account or third parties by preauthorized automatic, Hills Bank Online, or telephone transfer are limited to 6 per statement cycle with no more than 3 by check, draft, debit card, or similar order to third parties
    • Fees could reduce earnings
  • Savings Accounts

    Business Savings

    Balance APY Interest Rate

    $0 & Over

    0.15%

    0.15%


    Gold Savings

    Balance APY Interest Rate

    $10,000 - $24,999

    0.15%

    0.15%

    $25,000 - $49,999

    0.20%

    0.20%

    $50,000 - $99,999 

    0.25% 

    0.25% 

    $100,000 - $249,999 

    0.30% 

    0.30% 

    $250,000 - $499,999

    0.30% 

    0.30% 

    $500,000 -& Over

    0.30%

    0.30%

    • $10,000 minimum to open and earn interest
    • Interest rates may change after account is open.
    • The Annual Percentage Yield (APY) is based on monthly compounding.
    • Fees could reduce earnings
  • Insured Cash Sweep Account

    Insured Cash Sweep Account

    Balance APY Interest Rate

    Under $15,000

    0.10%

    0.10%

    $15,000 - $49,999

    0.15%

    0.15%

    $50,000 - $99,999 

    0.25% 

    0.25% 

    $100,000 - $249,999 

    0.30% 

    0.30% 

    $250,000 - $499,999

    0.30% 

    0.30% 

    $500,000 -& Over

    0.30%

    0.30%

    • Excess funds over and established threshold are swept daily into an interest bearing account
    • Funds in the interest bearing account are FDIC insured through a 3rd party institution
    • APY =  Annual Percentage Yield 
    • Line of Credit may be available