BUSINESS SAVINGS & CHECKING RATES
Business Savings Rates
| Effective Date: October 2, 2023 | Interest Rate | APY | Minimum Opening Balance | Minimum Daily Balance to Earn Interest | Interest Compounded | Interest Credited | Earnings Credit |
|---|---|---|---|---|---|---|---|
| Effective Date: October 2, 2023 | |||||||
| Business Membership Account $5.00 - $9,999.99 |
Interest Rate
.05%
|
APY
.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
Earnings Credit
N/A
|
| $10,000.00 - $24,999.99 |
Interest Rate
.05%
|
APY
.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
Earnings Credit
N/A
|
| $25,000.00 and greater |
Interest Rate
.05%
|
APY
.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
Earnings Credit
N/A
|
| Business Rainy Day Savings $100.00 - $9,999.99 |
Interest Rate
.05%
|
APY
.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
Earnings Credit
N/A
|
| $10,000.00 - $24,999.99 |
Interest Rate
.05%
|
APY
.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
Earnings Credit
N/A
|
| $25,000.00 and greater |
Interest Rate
.05%
|
APY
.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
Earnings Credit
N/A
|
| Money Market Plus $0.01 - $1,000.00 |
Interest Rate
1.14%
|
APY
1.15%
|
Minimum Opening Balance
$0.01
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $1,000.01 - $5,000.00 |
Interest Rate
1.09%
|
APY
1.10%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $5,000.01 - $10,000.00 |
Interest Rate
0.80%
|
APY
0.80%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $10,000.01 - $50,000.00 |
Interest Rate
0.12%
|
APY
0.12%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $50,000.01- $100,000.00 |
Interest Rate
0.10%
|
APY
0.10%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $100,000.01 - $250,000.00 |
Interest Rate
0.07%
|
APY
0.07%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $250,000.01 and greater |
Interest Rate
0.05%
|
APY
0.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| Business Choice Money Market $0.00 - $9,999.99 |
Interest Rate
0.10%
|
APY
0.10%
|
Minimum Opening Balance
$0.01
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $10,000.00 - $24,999.99 |
Interest Rate
0.85%
|
APY
0.85%
|
Minimum Opening Balance
$0.01
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $25,000.00 - $49,999.99 |
Interest Rate
0.95%
|
APY
0.95%
|
Minimum Opening Balance
$0.01
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $50,0000.00 - $99,999.99 |
Interest Rate
1.00%
|
APY
1.00%
|
Minimum Opening Balance
$0.01
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $100,000.00 and greater |
Interest Rate
1.04%
|
APY
1.05%
|
Minimum Opening Balance
$0.01
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
Business CD Rates
| Effective Date: April 1, 2024 | Interest Rate $500 – $24,999.99 | APY $500- $24,999.99 | Interest Rate $25,000 – $99,999.99 | APY $25,000 – $99,999.99 | Interest Rate >$100,000 | APY >$100,000 | Interest Compounded & Credited |
|---|---|---|---|---|---|---|---|
| Effective Date: April 1, 2024 | |||||||
| 6 Months |
Interest Rate $500 – $24,999.99
1.24%
|
APY $500- $24,999.99
1.25%
|
Interest Rate $25,000 – $99,999.99
1.24%
|
APY $25,000 – $99,999.99
1.25%
|
Interest Rate >$100,000
1.24%
|
APY >$100,000
1.25%
|
Interest Compounded & Credited
Monthly
|
| 12 Months |
Interest Rate $500 – $24,999.99
2.47%
|
APY $500- $24,999.99
2.50%
|
Interest Rate $25,000 – $99,999.99
2.47%
|
APY $25,000 – $99,999.99
2.50%
|
Interest Rate >$100,000
2.47%
|
APY >$100,000
2.50%
|
Interest Compounded & Credited
Monthly
|
| 18 Months |
Interest Rate $500 – $24,999.99
2.57%
|
APY $500- $24,999.99
2.60%
|
Interest Rate $25,000 – $99,999.99
2.57%
|
APY $25,000 – $99,999.99
2.60%
|
Interest Rate >$100,000
2.57%
|
APY >$100,000
2.60%
|
Interest Compounded & Credited
Monthly
|
| 24 Months |
Interest Rate $500 – $24,999.99
2.67%
|
APY $500- $24,999.99
2.70%
|
Interest Rate $25,000 – $99,999.99
2.67%
|
APY $25,000 – $99,999.99
2.70%
|
Interest Rate >$100,000
2.67%
|
APY >$100,000
2.70%
|
Interest Compounded & Credited
Monthly
|
| 36 Months |
Interest Rate $500 – $24,999.99
2.76%
|
APY $500- $24,999.99
2.80%
|
Interest Rate $25,000 – $99,999.99
2.76%
|
APY $25,000 – $99,999.99
2.80%
|
Interest Rate >$100,000
2.76%
|
APY >$100,000
2.80%
|
Interest Compounded & Credited
Monthly
|
| 48 Months |
Interest Rate $500 – $24,999.99
2.86%
|
APY $500- $24,999.99
2.90%
|
Interest Rate $25,000 – $99,999.99
2.86%
|
APY $25,000 – $99,999.99
2.90%
|
Interest Rate >$100,000
2.86%
|
APY >$100,000
2.90%
|
Interest Compounded & Credited
Monthly
|
| 60 Months |
Interest Rate $500 – $24,999.99
2.96%
|
APY $500- $24,999.99
3.00%
|
Interest Rate $25,000 – $99,999.99
2.96%
|
APY $25,000 – $99,999.99
3.00%
|
Interest Rate >$100,000
2.96%
|
APY >$100,000
3.00%
|
Interest Compounded & Credited
Monthly
|
| Flex 12 (Consumer, IRA, & Business) 12 Months |
Interest Rate $500 – $24,999.99
5.48%
|
APY $500- $24,999.99
5.62%
|
Interest Rate $25,000 – $99,999.99
N/A
|
APY $25,000 – $99,999.99
N/A
|
Interest Rate >$100,000
N/A
|
APY >$100,000
N/A
|
Interest Compounded & Credited
Monthly
|
Business Checking Rates
| Effective Date: October 2, 2023 | Interest Rate | APY | Minimum Opening Balance | Minimum Daily Balance to Earn Interest | Interest Compounded | Interest Credited | Earnings Credit |
|---|---|---|---|---|---|---|---|
| Effective Date: October 2, 2023 | |||||||
| Simply Free Business Checking |
Interest Rate
N/A
|
APY
N/A
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$0
|
Interest Compounded
N/A
|
Interest Credited
N/A
|
Earnings Credit
N/A
|
| Premier Interest Business Checking $ .00 - $1,499.99 |
Interest Rate
0.05%
|
APY
0.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $1,500.00 - $24,999.99 |
Interest Rate
0.07%
|
APY
0.07%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $25,000.00 - $49,999.99 |
Interest Rate
0.09%
|
APY
0.09%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $50,000.00 - $99,999.99 |
Interest Rate
0.11%
|
APY
0.11%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| $100,000.00 and greater |
Interest Rate
1.04%
|
APY
1.05%
|
Minimum Opening Balance
$0.01
|
Minimum Daily Balance to Earn Interest
$0.01
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Earnings Credit
N/A
|
| Commercial Checking |
Interest Rate
N/A
|
APY
N/A
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
N/A
|
Interest Compounded
N/A
|
Interest Credited
N/A
|
Earnings Credit
0.50%
|
Cannabis Business Savings & Checking Rates
| Effective Date: October 2, 2023 | Interest Rate | APY | Minimum Opening Balance | Minimum Daily Balance to Earn Interest | Interest Compounded | Interest Credited |
|---|---|---|---|---|---|---|
| Effective Date: October 2, 2023 | ||||||
| Cannabis Business Membership Account $5.00 - $9,999.99 |
Interest Rate
0.05%
|
APY
0.05%
|
Minimum Opening Balance
$5
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
| $10,000 - $24,999.99 |
Interest Rate
0.05%
|
APY
0.05%
|
Minimum Opening Balance
$5
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
| $25,000.00 and Greater |
Interest Rate
0.05%
|
APY
0.05%
|
Minimum Opening Balance
$5
|
Minimum Daily Balance to Earn Interest
$100
|
Interest Compounded
Quarterly
|
Interest Credited
Quarterly
|
| Cannabis Business Money Market $25,000.00 - $49,999.99 |
Interest Rate
0.95%
|
APY
0.95%
|
Minimum Opening Balance
$25,000.00
|
Minimum Daily Balance to Earn Interest
$25,000.00
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
| $50,000.00 - $99,999.99 |
Interest Rate
1.00%
|
APY
1.00%
|
Minimum Opening Balance
$25,000.00
|
Minimum Daily Balance to Earn Interest
$25,000.00
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
| $100,000.00 and Greater |
Interest Rate
1.04%
|
APY
1.04%
|
Minimum Opening Balance
$25,000.00
|
Minimum Daily Balance to Earn Interest
$25,000.00
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
| Cannabis Premier Interest Checking $.00 - $1,499.99 |
Interest Rate
0.05%
|
APY
0.05%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
| $1,500.00 - $24,999.99 |
Interest Rate
0.07%
|
APY
0.07%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
| $25,000.00 - $49,999.99 |
Interest Rate
0.09%
|
APY
0.09%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
| $50,000 - $99,999.99 |
Interest Rate
0.11%
|
APY
0.11%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
| $100,000 and Greater |
Interest Rate
0.14%
|
APY
0.14%
|
Minimum Opening Balance
$25
|
Minimum Daily Balance to Earn Interest
$2,500
|
Interest Compounded
Monthly
|
Interest Credited
Monthly
|
Our Cannabis Business Banking Services
- Business Checking Accounts: Manage your daily transactions with ease and efficiency.
- Cash Management Services: Efficient and secure handling of cash flow is critical in the cannabis industry. We've got you covered.
- Expert Guidance: Our team is here to provide support and advice on the best financial practices for your cannabis business.
- State-of-the-art Digital Banking: Access your finances anytime, anywhere.
- Business Savings: Earn more on your savings.
Meet Our Business Services Team
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![Headshot of Derek Stith]()
Derek Stith
(541) 918-7572Derek is an experienced Commercial Loan Officer with 18 years of experience in lending and a degree from Oregon State University. He has a proven track record of helping businesses secure financing to achieve their goals. When not at work, he enjoys kayaking, surfing, skiing, and spending time with his family. Contact Derek today to learn more about how he can help you take your business to the next level.
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![Headshot of Sherrie Payne]()
Sherrie Payne
(541) 497-8100Sherrie is a seasoned Business Relationship Manager with 25 years of experience in banking. Her commitment to exceptional member service has earned her the trust and loyalty of her clients. Outside of work, Sherrie enjoys gardening, painting, and volunteering. Contact her today to learn more about how she can help you grow your business and achieve financial success.
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