Savings & CDs

Centennial Bank's Business savings accounts can help you save for your business’ future. Savings options are available to suit your type of business, whether you are a Sole-Proprietorship, a Limited Liability Company, Partnership, Non-Profit or Public entity.

Centennial Bank’s Certificates of Deposit (CDs) offer flexibility with competitive interest rates on a variety of terms to match your savings needs. We offer CDs with maturities available from 7 days to 5 years with competitive fixed rates of interest for a specific time. Rate information is available in all bank offices.


 

 

 

 

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

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