Find the CD
that's right for your business.

Make your money work for you.
With Byline Business Certificate of Deposits (CD) easily start saving at your fingertips.

A simple way to save for your business,
on your terms.

Opening a Byline Bank’s business CD is the right kind of convenient – online or in person, with personal assistance or online ease. Your business hours are more than 9 – 5, and so are we. We understand what businesses like yours need, and we want to help you write your story. Open a CD with Byline Bank 24/7/365 and start saving today.

You work hard.
Your money should too.

Business Certificate of Deposit (CD)
Earn 0.70% APY^1,2 with an 8-month Promo CD

Account Details:

0.70% Annual Percentage Yield (APY)¹
0.695% Interest Rate
$50,000² minimum deposit to open
$50,000 minimum balance for APY

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Need another term?

Visit your local Byline Branch today
for CD terms ranging from 30 days to 5 years.

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You work hard.
So we’ll work hard for you.

A neighborhood bank that gets you, and a partner that’ll help you write your own story. Being a bank doesn’t mean we need to be the biggest; we just need to be the bank to fit your life.

When we come together, great things happen.

Byline. Banking Done Right.

CERTIFICATE OF DEPOSIT (CD)
Annual Percentage Yield. APYs are effective as of June 8, 2022.

Rates and Interest
Rates and annual percentage yields (APYs) are subject to change without notice. The APY assumes that interest remains on deposit until maturity. An early withdrawal will reduce earnings. Please see the table for the minimum deposit required to open these accounts. You must maintain the minimum balance to earn the APY. The stated interest rate is fixed for the term of the CD and will be paid quarterly until maturity. Interest also may be paid by check or transfer to another account, at your option. You will forfeit any accrued interest that has not yet been credited to your account, if the account is closed prematurely. We use the daily balance method to calculate the interest on this account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit any noncash item (for example, checks).

Deposits
Deposits are accepted to all CDs during the grace period.

Withdrawals
You may not withdraw any principal from this Certificate before maturity without our consent, which may be withheld; if we permit such a withdrawal, you may have to pay a penalty as follows: A) Where the original maturity of the account is one year or less, the penalty will be forfeiture of 90 days interest on the amount withdrawn, at the nominal (simple interest) rate in effect during the term. B) Where the original maturity of the account is more than one year, the penalty will be forfeiture of 180 days interest on the amount withdrawn at the nominal (simple interest) rate in effect during the term. C) If the withdrawal is within 6 days after the date of first deposit, a minimum of 7 days of interest will be charged as a penalty. You must withdraw funds within the grace period to avoid being charged a penalty. Fees could reduce the earnings on the account.

Renewal
Unless you notify us in writing before the maturity date, or within the grace period, Certificates of Deposit will automatically renew on the maturity date. The grace period is ten (10) calendar days for CDs with a term greater than 31 days and is three (3) calendar days for CDs with a term of 31 days or less. We can prevent automatic renewal if we notify you in writing on or before the maturity date that we do not intend to renew the account. Promotional Certificates of Deposit may renew into a different term. If you close your CD during the grace period, no accrued interest will be paid after the maturity date. We will send you a Maturity Notice prior to renewal, please read it carefully. We may change the type, term or other feature of your CD by giving you notice. If we make a change, we tell you about the change in the Renewal Notice.

The maximum deposit amount allowed in the Business Select 8 month CD is $400,000.

Find the CDthat's right for your business.

A simple way to save for your business,on your terms.

You work hard.Your money should too.