The Business Bank has several competitive long-term CD rates with the highest rate listed as 3.15% APY for a 5-year term. Other top rates include 2.10% APY for 30 months and 3.00% APY for 48 months. Minimum deposit is $1,000. These rates are listed in the bank's deposit rates page as of 8/19/2010.
It appears a branch visit is required to open an account. Branches are located in the Virginia cities of Arlington, Ashburn, McLean, Reston and Sterling.
The bank's ratings for safety and soundness are above average: 5 stars (superior) at BauerFinancial, 4 stars (sound) at Bankrate.com, and an overall health score of 3 out of 5 at DepositAccounts.com (see our financial overview of The Business Bank). These ratings are based on 3/31/10 financial data. The bank has been a FDIC member since 1981 (FDIC Certificate # 23567).
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