Business Savings & CDs

*Daily deposit amounts and transactions are limited, as this product is consumer driven – See Cash Management for a more viable business deposit capture product.

Business Savings¹

Allows easy access to your savings, lets you put money to work for your company’s future, and offers competitive interest rates.

• $100 Deposit Required to Open Account
• No Service charge with a minimum daily balance of $300, otherwise $10 per quarter
• $3 per withdrawal over 3
• Maintain $100 minimum daily balance to earn interest
• Interest accrues daily and is paid quarterly

Capital Plus Tiered Money Market²

Combine the convenience and accessibility of limited check writing and capture higher yields that correspond to your higher account balance.

• $1,000 deposit required to open account
• No service charge with an average daily balance of $2,500, otherwise $12 per month
• Readily access cash while earning a higher yield
• $10 per withdrawal over 3
• No minimum balance required to earn interest
• Interest accrues daily and is paid monthly

Investors’ Choice Money Market Account²

Rewards large balance investors’ by providing a preferred return without locking up funds over the long term.

• $25,000 deposit required to open account
• No service charge with an average daily balance of $25,000, otherwise $25 per month
• Readily access cash while earning a higher yield
• $10 per withdrawal over 3
• Maintain $1,000 average daily balance to earn interest
• Interest accrues daily and pays monthly

Certificates of Deposit

Maximize the earning power of your savings with complete safety with a competitive interest rate.

• Available in terms of 7 days to 60 months
• Are viewable through Customer Account and Mobile Banking
• Compound interest or credit it to another African Development Bank account
• Open with as little as $500
• Receive notification when your CD matures and automatically renewed following a 10-day grace period after the maturity date

¹Savings Account - $3.00 per withdrawal over three per statement cycle. Up to (6) withdrawals or transfers to another African Development Bank account or third party allowed per statement cycle. These include preauthorized, automatic, electronic and transfers made by check, debit card, or other similar order.

²Money Market - $10.00 per withdrawal over three per statement cycle. Up to (6) withdrawals or transfers to another African Development Bank account or third party allowed per statement cycle. These include preauthorized, automatic, electronic and transfers made by check, debit card, or other similar order.