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 Business Banker.

Rates effective March 24, 2017 and subject to change at any time.

Cash Management Account

  • Not FDIC insured
  • Carries no bank guarantee
  • May lose value    
Cash Management

 

APY

Interest Rate

Under $15,000

0.10%

0.10%

$15,000 - $49,999

0.10%

0.10%

$50,000 - $99,999

0.15%

0.15%

$100,000 - $249,999

0.15%

0.15%

$250,000 - $499,999

0.20%

0.20%

$500,000 & Over

0.25%

0.25%

  • 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.

Certificates of Deposit (CDs)

Fixed Rate CDs

Term

APY

Interest Rate

3 Month

0.15%

0.15%

6 Month

0.25%

0.25%

12 Month

0.40%

0.40%

18 Month

0.50%

0.50%

21 Month Special

1.20%

1.19%

24 Month

0.65%

0.65%

30 Month

0.80%

0.80%

36 Month

0.90%

0.90%

39 Month Special

1.60%

1.59%

48 Month

1.15%

1.15%

60 Month

1.45%

1.44%

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

Checking Accounts

Business Interest Checking

Balance

APY

Interest Rate

$2,500 - $14,999

0.10%

0.10%

$15,000 - $49,999

0.10%

0.10%

$50,000 - $99,999

0.15%

0.15%

$100,000 - $499,999

0.15%

0.15%

$500,000 & Over

0.25%

0.25%

  • 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

0.10%

0.10%

$10,000 - $49,999

0.10%

0.10%

$50,000 - $99,999

0.15%

0.15%

$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

0.15%

0.15%

$75,000 & Over

0.15%

0.15%

  • 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.

 

Gold Premier Money Market

Balance

APY

Interest Rate

$15,000 - $99,999

0.15%

0.15%

$100,000 - $249,999

0.15%

0.15%

$250,000 - $499,999

0.20%

0.20%

$500,000 & over

0.25%

0.25%

  • $15,000 minimum to open and earn interest.
  • Pays interest at variable rates on tiered balances.
  • Fees may reduce earnings.
  • 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.
  • Annual Percentage Yield (APY) is based on monthly compounding.

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

0.15%

0.15%

$50,000-$99,999

0.15%

0.15%

$100,000-$249,999

0.15%

0.15%

$250,000-$499,999

0.20%

0.20%

$500,000 & Over

0.25%

0.25%

  • $10,000 minimum to open and earn interest.
  • Rate may change after account is open.
  • Fees could reduce earnings.
  • Annual Percentage Yield (APY) is based on quarterly compounding.