Deposit Options for Community Banks
Money Market
Rate are current as of as of June 1, 2023: 5.25% (APY 5.37%)
Maximum amount: $10,000,000
Restrictions:
- Must be new funds to BBW or shifted from federal funds
- Minimum balance to open of $1,000,000
- Maintain minimum DDA of $250,000
To obtain details or the necessary documents, please contact your relationship manager or our operations team at ops@bbwest.com.
Certificate of Deposit
In response to requests from numerous community banks in our market area, Bankers’ Bank of the West now offers a Certificate of Deposit for its respondent bank customers. Information on the product is posted on the Bankers Internet Data System (BRIDGE). Basic parameters follow:
- 6-month, 9-month, 12-month, 18-month, 24-month, 36-month, 48-month, and 60-month terms
- Interest paid quarterly via ACH to any account designated by the customer institution
- Minimum to open: $50,000
- Withdrawal prior to maturity not permitted
- BBW can arrange for safekeeping of the instrument upon request
Fixed-rate Certificate of Deposit
Rates are current as of June 1, 2023
|
Terms |
Interest Rate |
Annual Percentage Yield |
|---|---|---|
| 6 months | 5.42% | 5.42% |
| 9 months | 5.35% | 5.35% |
| 12 months | 5.44% | 5.44% |
| 18 months | 5.10% | 5.10% |
| 24 months | 4.96% | 4.96% |
| 36 months | 4.70% | 4.70% |
| 48 months | 4.30% | 4.30% |
| 60 months | 4.25% | 4.25% |
These rates are effective as of the date listed above and subject to change at any time.
To open a CD or obtain more information including current rates, call 1-800-873-4722 or email ops@bbwest.com. BBW reserves the right to discontinue or temporarily suspend this product without notice.
