Please be aware of this notice to inform that our Enterprise Bank branch in Lexington, Massachusetts is relocating to a new space in 2021.
for the Official Notice. Click Here Alert: Message for Quicken Users: Enterprise Bank has updated the connection with Quicken. To ensure uninterrupted service, please read the guide for steps to confirm your Quicken connection is not impacted. Please call the Call Center at 877-671-2265 with any questions. QuickBooks users are not impacted by this update.
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Business Deposit Interest Rates
Rates are effective May 1, 2021 and are subject to change without notice. APY refers to Annual Percentage Yield*. Fees may reduce earnings on all accounts. Rates may vary after account opening with the exception of CD rates which are guaranteed for the full length of the term.
Tier (Balance) APY Interest Rate Average Daily Balance to Earn APY Tier 1 ($1 - $24,999) 0.01% 0.01% $1,000.00 Tier 2 ($25,000 - $49,999) 0.01% 0.01% $1,000.00 Tier 3 ($50,000 - $99,999) 0.01% 0.01% $1,000.00 Tier 4 ($100,000 - $499,999) 0.05% 0.05% $1,000.00 Tier 5 ($500,000 - $1,999,999) 0.05% 0.05% $1,000.00 Tier 6 ($2,000,000 and above) 0.10% 0.10% $1,000.00
Premier Business Money Market Account is available to Select Business Checking or Total Business Checking account customers only. *Interest accrues on money market accounts from $.01, but is not paid unless the minimum average daily balance to earn APY is maintained for the monthly statement cycle. Transfers from a savings or money market account to another account or to third parties by preauthorized, automatic, telephone or data transfer or by check, draft, or similar order to third parties are limited to six per statement cycle.
Business Certificate of Deposit Accounts
Period APY Interest Rate Average Daily Balance to Earn APY 3 Months 0.05% 0.05% $2,500.00 6 Months 0.15% 0.15% $2,500.00 12 Months 0.30% 0.30% $500.00 18 Months 0.35% 0.35% $500.00 24 Months 0.45% 0.45% $500.00 30 Months 0.45% 0.45% $500.00 36 Months 0.45% 0.45% $500.00 48 Months 0.45% 0.45% $500.00 60 Months 0.45% 0.45% $500.00 72 Months 0.45% 0.45% $500.00
A penalty may be imposed for early withdrawal from a CD. For CDs with terms of less than 12 months, interest is not compounded and will be paid at maturity. For CDs with terms of 12 months or greater, interest will be compounded and paid monthly. Other terms and rates may be available, please contact us for details.
Leaving Site Confirmation