Business Certificate of Deposit (CD)
Enjoy guaranteed growth and peace of mind with locked-in rates and a variety of term options.
What is a business certificate of deposit?
A business certificate of deposit – also known as a CD – is a type of business savings account that pays a fixed interest rate on money held for a specific amount of time. In exchange for committing to keep your funds untouched during this period, you earn a reliable yield. CDs come in a variety of terms, ranging from a few months to several years. CDs offered by banks are federally insured, offering a safe option to help you reach your business savings goals.
- $0
Monthly maintenance fee
- Variety of terms
1 to 60 month terms available
- Fixed rate
Guaranteed growth for the term of the CD
Get a full breakdown of the account fees, terms and agreements
Lock in these CD Specials for a limited time
Enjoy guaranteed growth with our CD specials.
Up to 2.75% Annual Percentage Yield (APY) footnote 1- $1,000 minimum deposit
- 5 available terms
- Auto-renewal into a standard CD after maturity, with a grace period of 10 calendar days to make change
Rates effective as of .
2.50%
APY footnote 1 with a 13-month term
2.55%
APY footnote 1 with a 25-month term
2.60%
APY footnote 1 with a 35-month term
2.65%
APY footnote 1 with a 45-month term
2.75%
APY footnote 1 with a 59-month term
Standard CD
Take advantage of a variety of rate and term options to meet your business savings goals.
Rates effective as of .
APY footnote 1 | Term | Minimum Deposit |
|---|---|---|
0.05% | 1 month | $100,000 |
0.05% | 2 months | $100,000 |
0.05% | 3–5 months | $1,000 |
0.05% | 6–8 months | $1,000 |
0.05% | 9–11 months | $1,000 |
0.75% | 12–17 months | $1,000 |
0.75% | 18–23 months | $1,000 |
0.75% | 24–29 months | $1,000 |
0.75% | 30–35 months | $1,000 |
0.75% | 36–47 months | $1,000 |
0.75% | 48–59 months | $1,000 |
0.75% | 60 months | $1,000 |
CD closing and withdrawal: CDs may be closed or funds withdrawn by contacting a financial center or Customer Contact Center at 1-800-546-6101. CD funds may be transferred to another BMO deposit account or a check mailed to the address listed on the CD account.
Make real financial progress with BMO
Guaranteed growth
Lock in your interest rate and let your money grow while enjoying complete protection against market variability.
A trusted brand
Enjoy peace of mind knowing that your business savings are safe and secure with FDIC insurance footnote 1 and BMO, a trusted leader in business banking.
Varied term lengths
Choose the term length that works best for you and your savings goals and get a fixed interest rate for the term you choose.
Compare savings accounts to find the right one for you
Choose a BMO business savings account that meets your unique business banking needs.
Start saving in three easy steps
Step 1: Open your account
Visit one of our locations to apply.
Step 2: Add funds
Deposit funds into your new Business Certificate of Deposit (CD).
Step 3: Sit back and save
That’s it! Earn a fixed interest rate and enjoy guaranteed growth for the term of your CD.
Business Certificate of Deposit FAQs
When you deposit your money at account opening in a traditional CD, you agree to leave it in the account for a set period, which can range from a few months to a number of years. In exchange, you’ll receive a guaranteed return (often) at a higher interest rate. CDs pay compound interest, ensuring your earned interest earns more interest. Typically, they compound daily or monthly.
To open a business savings account, you’ll need to provide some identification and supporting business documentation. Our Business Documentation Checklist includes everything you’ll need to open your new account. You can open a Business Certificate of Deposit by visiting one of our locations.
At BMO, there is no monthly maintenance fee on a Business Certificate of Deposit (CD). There is an early withdrawal penalty if you withdraw money before the CD’s maturity. You can find all the fee information in the CD Product Disclosure and Fees.
The minimum opening deposit will vary by the type and term of the CD. For most term options, the minimum opening deposit is $1,000.
If you close your CD prior to maturity, you will pay an early withdrawal penalty as detailed in the Product Disclosure and Fees.
With all CDs, you cannot change the term of your CD until it matures unless you close the CD and pay the early withdrawal penalty.
You will be mailed a notice before the CD matures and you will have ten calendar days after the maturity date to withdraw funds without paying an early withdrawal penalty. You can keep track of your CD, including interest earned and maturity date, using BMO Digital Banking.
Resources
Certificate of Deposits (CDs) Explained in 2026
We examine the CD, its benefits, potential limitations, and help you determine how the tool fits into your total savings portfolio.
What is a CD ladder?
Check out our informative guide to CD ladders, how they work and how you can take advantage of this flexible savings strategy.
Opening a business bank account? Here's what you’ll need and how to apply
A business bank account can make life easier by separating personal and business finances. Find out what documents you'll need and how to apply for an account.
Take the next step toward better business banking
Let us contact you
We’ll reach out via phone or email, whichever you prefer.
Call us
Give us a call to apply or ask questions.
Visit us
Meet with a BMO Banker to talk about how we can help your business.
Footnote 1 details Early withdrawal penalties may apply. Annual Percentage Yields (APYs) are accurate as of the date stated and are subject to change at any time. For current rate information, contact your banker or call us at 1-800-546-6101. To receive these APYs, you must open your account online, by phone at 1-888-340-2265, or at a financial center. The minimum balance to obtain the APY is the minimum balance indicated to open the account. CDs opened online can only be in individual or joint ownership and cannot be for an IRA. For CDs opened online, funds may not be withdrawn for 15 calendar days after funding. For CDs opened by phone, accounts must be funded within 10 business days of application, and funds may not be withdrawn for 15 calendar days after funding. Please visit www.fdic.gov for current FDIC insurance limits.