| Innovate Business Savings | Innovate High Yield Savings | Innovate Certificate of Deposit | |
|---|---|---|---|
| Best For | Businesses with an Innovate Business Checking Account | Businesses with higher balances that want flexibility with enhanced access to funds | Businesses focused on saving for future goals |
| Features |
Links to all Innovate Checking Accounts to prevent overdrafts |
Tiered interest rate** that increases with higher balances | Provides more guarantee than other risky investments |
| Interest | 1.00% APY* paid on entire balance, compounds and paid quarterly | Tiered interest rate** based on balance, compounds and paid monthly | Fixed rates**, higher than regular savings rates |
| Statement Options | No fee for E-statements, $3 monthly paper statements available |
Monthly E-statements, No fee paper statements available |
No Statement Maturity Notice 10 days prior to maturity |
| Transit Fee | No Fees | 6 free debits per month by computer, telephone, pre-authorized automatic or in-person; $5 per debit in excess thereafter | Penalty for early withdrawal |
| Service Fee | No Monthly Service Fee | $14 monthly service fee if minimum balance falls below $2,500 | No Service Fee |
| Free Online & Mobile Banking Access? |  |
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| Minimum Opening Deposit | $100, or $5 when combined with an Innovate Checking Account | $2,500 | $1,000 |
| Next Steps |
*APY = Annual Percentage Yield
**See Rate Sheet for current rates. Rates may change after an account is opened. Fees may reduce earnings. Listed rates are effective as of January 1, 2026.
