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 December 4, 2020 and subject to change at any time without notice.

  • Certificates of Deposit (CDs)

    Fixed Rate CDs

    Term APY Interest Rate *Relationship Pricing(Annual Percentage Yield (APY) *Relationship Pricing Interest Rate

    3 Month

    0.05% 

    0.05% 

    0.05% 

    0.05% 

    6 Month 

    0.10% 

    0.10% 

    0.10% 

    0.10% 

    12 Month

    0.20% 

    0.20%

    0.30% 

    0.30% 

    18 Month

    0.25%

    0.25%

    0.35% 

    0.35% 

    21 Month Special

    0.45%

    0.45%

    0.55% 

    0.55% 

    24 Month

    0.35%

    0.35%

    0.45% 

    0.45% 

    30 Month

    0.45%

    0.45%

    0.60% 

    0.60% 

    36 Month

    0.55%

    0.55%

    0.70% 

    0.70% 

    39 Month Special

    0.70%

    0.70%

    0.85% 

    0.85% 

    48 Month

    0.65% 

    0.65% 

    0.85% 

    0.85% 

    60 Month

    0.75%

    0.75%

    0.95% 

    0.95% 

    Relationship Pricing Increase are included in above rates. 12-29 months have a 10% APY increase, 30-47 months have a 0.15% APY increase, and 48-60 months have a 0.20% APY increase.

    • 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.
    • *Business and nonprofits must have their operating account at Hills Bank to qualify for relationship pricing. Municipals do not qualify. Rate will renew at standard terms unless you notify us during grace period you qualify for relationship terms.

     

    Add-on CD

    Term APY Interest Rate *Relationship Pricing(Annual Percentage Yield (APY) *Relationship Pricing Interest Rate

    24 Month

    0.35% 

    0.35% 

    0.45% 

    0.45% 

    • 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.
    • *Business and nonprofits must have their operating account at Hills Bank to qualify for relationship pricing. Municipals do not qualify. Rate will renew at standard terms unless you notify us during grace period you qualify for relationship terms.
  • Checking Accounts

    Business Interest Checking

    Balance APY Interest Rate

    $2,500 - $14,999

    0.05%

    0.05%

    $15,000 - $49,999

    0.05% 

    0.05%

    $50,000 - $99,999

    0.10% 

    0.10% 

    $100,000 - $499,999

    0.15%

    0.15%

    $500,000 & Over

    0.20%

    0.20%

    • 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 

    0.05% 

    0.05% 

    $1,000 - $9,999 

    0.05% 

    0.05% 

    $10,000 - $49,999

    0.05% 

    0.05% 

    $50,000 - $99,999

    0.10%

    0.10%

    $100,000 & Over

    0.15%

    0.15%

    • 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

    0.10% 

    0.10%

    $10,000 - $74,999

    0.10% 

    0.10% 

    $75,000 & Over

    0.15%

    0.15%

    • 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 

    0.10% 

    0.10% 

    $100,000 - $249,999 

    0.15% 

    0.15% 

    $250,000 - $499,999

    0.15% 

    0.15% 

    $500,000 -& Over

    0.20%

    0.20%

    • $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

    0.10%

    0.10%


    Gold Savings

    Balance APY Interest Rate

    $10,000 - $24,999

    0.10%

    0.10%

    $25,000 - $49,999

    0.10%

    0.10%

    $50,000 - $99,999 

    0.10% 

    0.10% 

    $100,000 - $249,999 

    0.15% 

    0.15% 

    $250,000 - $499,999

    0.15% 

    0.15% 

    $500,000 -& Over

    0.20%

    0.20%

    • $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

    0.05%

    0.05%

    $15,000 - $49,999

    0.05%

    0.05%

    $50,000 - $99,999 

    0.10% 

    0.10% 

    $100,000 - $249,999 

    0.15% 

    0.15% 

    $250,000 - $499,999

    0.15% 

    0.15% 

    $500,000 -& Over

    0.20%

    0.20%

    • 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