If your business has cash on hand pegged for future business use, and you don't need immediate access to the funds for unexpected expenses, put them to work for you earning interest for your business.
Certificates of Deposit (CDs) are bank issued interest-bearing deposits that are FDIC-insured up to legal limits. With CDs, you generally earn higher rates than with other savings products depending on the length of time your money can remain on deposit. You cannot make early withdrawals without an interest penalty, and you cannot write checks against the balance.
Variety of Terms
PNC offers CDs with a variety of maturity terms, ranging from several days to several years, to match the time your cash is investable. Use CDs as a cash flow management tool to get the most from the funds you have, while you have them.
Wide Range
Businesses come in all sizes. So do Certificates of Deposits. When you're ready to invest $1,000 or more, there's a PNC Bank CD for your business.
Reinvestment Options
When your CD nears maturity, you'll have the opportunity to reassess your cash flow needs and decide the best next course to take. Let the funds automatically reinvest for the same maturity term at the new renewal rate, reinvest for a different term that better fits your current cash flow needs, or have your proceeds deposited into your PNC Bank business checking account or Premium Business Money Market Account for immediate use. It's easy to let us know what works best for you.
Contact Us
For information and current rates on PNC Bank Certificates of Deposit, call us at 855-762-2365 (Mon – Fri: 8 a.m. – 6 p.m. ET).
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