Business Savings
The future of our neighborhoods comes from the businesses that support them. Because City First values your business’ contribution to the community, we'll focus on supporting your financial needs, so you can focus on growing your business.
City First Interest-Bearing Business Accounts In addition to selecting from an array of checking accounts, your business can benefit from several interest-earning account opportunities.
Business Money Market Account With a minimum deposit of $100.00, your City First Business Money Market account offers the benefits of an interest-earning account with the ability perform up to six withdrawal transactions a month (number of transactions limited by regulation). Modest monthly service charges apply only if your balance falls below $1,000.00 a month.
Business Savings Account With a Business Savings account, you’ll earn a competitive rate on minimum deposits as low as $100.00 with the ability to make up to six withrawals a month (number of transfers limited by regulation).
Certificates of Deposit Want to set aside excess funds while making your money grow for you? City First Certificates of Deposit can start your business saving for the short and long term with a minimum to open of just $500.00.
Experience true community development banking as a socially responsible investor!
Make a difference in your community while receiving the banking services you're looking for. To start your relationship, please complete the attached form and upload here. Someone will contact you no later than the close of the next business day. You may also call 202-243-7100 or email us at branchrequests@cityfirstbank.com to learn more.
| Business Money Market Account | |
|---|---|
| Minimum to Open | $100.00 |
| Monthly Service Charge | $8.00 monthly service charge if the account balance falls below the required minimum. |
| Minimum Monthly Average Balance Requirement | $1,000.00 |
| Interest Bearing | Yes |
| Account Rate and Limitations | Our business savings account enjoys a competitive rate and, by regulation, is limited up to six withdrawals a month.* |
| Business Savings Account | |
|---|---|
| Minimum to Open | $100.00 |
| Monthly Service Charge | $2.00 monthly service charge if the account balance falls below the required minimum. |
| Minimum Monthly Average Balance Requirement | $1,000.00 |
| Interest Bearing | Yes |
| Account Rate and Limitations | Our business savings account enjoys a competitive rate and, by regulation, is limited up to six withdrawals a month.* |
| Certificate of Deposit | ||
|---|---|---|
| Account Type | Minimum to Open | CD Term and Rate |
| Regular CD | $500.00 | From 3 months to 5 years |
| Jumbo CD | $100,000.00 | From 3 months to 5 years |
* Federal regulations limits the number of withdrawals and/or transfers from Savings or Money Market accounts
