Savings

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Savings

Putting money away for future goals, big purchases or unexpected expenses is a smart move for any business. At Cathay Bank, we offer several savings options that help your business earn more as you save more, and give you the liquidity your business needs to keep it running smoothly.

24/7 account access

Access your account any time on mobile, tablet or computer.

Easy account management

Manage and transfer funds between your deposit accounts from anywhere.

More savings options

Grow your savings your way with an account suitable for your financial goals.

Automated loan payment

Make on-time payments to your Cathay Bank loan easy and convenient with our automated loan payment service.

Features	Business Savings	Business Money Market	Business CD¹
May suit businesses who are looking for:	An account earning interest income while maintaining liquidity of funds	An account with a competitive interest rate which maintains liquidity of funds and with limited check writing capability	An account which is a safe investment with a fixed interest rate through maturity
Interest	Yes Variable tiered rate² Compounds daily Credits monthly	Yes Variable tiered rate² Compounds monthly Credits monthly	Yes Fixed rate for term Terms range from 7 days to 5 years
Minimum to Open	$500	$10,000	$2,500
Monthly Maintenance Charge	$5	$15	N/A
Balance to Avoid Monthly Maintenance Charge	$500	$10,000	N/A

A penalty may be applied for early withdrawal.
We use the daily balance method to calculate the interest on these accounts. This method applies a daily periodic rate to the principal in the account each day. The entire balance accrues interest at the rate for the balance tier of the end-of-day balance. The interest rate and Annual Percentage Yield may change after account opening without notice, at our discretion. Fees can reduce earnings on the account.

No ATM or debit card service allowed.