Business CDs (Certificate of Deposit)
A safe and reliable way for your business to build a stronger financial future, a Frost CD allows you to invest a fixed amount of money for a specific amount of time — and earn a fixed amount of interest in return. Frost CDs:
- have no monthly service charge
- offer competitive interest rates, guaranteed until maturity
- are automatically renewable at the rate in effect at maturity
Minimum Balances & Interest Rates
| Balance/Term | Annual Percentage Yield (APY) |
|---|---|
| $1,000 - $99,999 / 90 days | 0.13% |
| $1,000 - $99,999 / 180 days | 0.20% |
| $1,000 - $99,999 / 1 year | 0.20% |
| $1,000 - $99,999 / 2 years | 0.21% |
| $100,000 and over / 14 days | 0.08% |
| $100,000 and over / 30 days | 0.23% |
| $100,000 and over / 60 days | 0.23% |
| $100,000 and over / 90 days | 0.23% |
| $100,000 and over / 180 days | 0.25% |
| $100,000 and over / 1 year | 0.25% |
| $100,000 and over / 2 years | 0.26% |
Annual Percentage Yield effective as of 07/11/2020. Fees could reduce the earnings on the account. Penalty may be imposed for early withdrawal.
Opening Your Account
To open a CD for your business, call (866) 376-7889 or stop by your local Frost financial center and bring:
- your company’s Tax ID number (or your Social Security number if Sole Proprietorship)
- your business entity documents
- each account signer’s name and personal information (government issued photo ID such as Driver’s License, State ID or U.S. Military ID, Social Security number, and address and job title)
- the physical address of the principal place of business
- minimum $50 opening deposit
You may also need to bring:
- state certificate filings
- entity meeting minutes authorizing signers
Documentation may vary depending on your type of business. For specific information, please call (866) 376-7889.