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Money Market and CDs


Northway Bank offers your business multiple ways to earn interest on excess operating funds.


Business Money Markets provide immediate access to your money. Consider Certificates of Deposit for cash reserves you can afford to set aside for a while.

Business Money Market

A secure account for your cash cushion. Interest rises with your balance.

Certificates of Deposit

Get a guaranteed return on money you don't expect to need at a moment's notice.
 






 


 


 


 






















Business Money Market

Keep your cash cushion safe. A Business Money Market account from Northway Bank is a secure holding place for your extra operating cash. Your money remains immediately accessible, while you earn a competitive interest rate that rises with your balance.


  • $1,000 minimum opening balance
  • Earn interest on balances of $1,000 or more
  • Tiered interest rates offer the potential to earn a higher interest rate with a larger account balance
  • $8 monthly fee waived if you maintain an average collected balance per statement cycle of at least $1,000


  • Convenience of checks, debit card and online access
  • Anytime-access that comes with having a liquid account
  • Stronger earnings potential that comes with tiered interest rates
  • Peace of mind that comes from knowing your deposits are fully insured up to FDIC limits


  • Unlimited transactions






















Certificates of Deposit

CDs are insured like checking and savings accounts, but offer fixed terms and higher earnings. They're a safe choice for cash you don't expect to need immediately. Terms range from a few days to a few years.


  • Terms range from seven days to five years
  • Fixed interest rate makes it easy to plan for coming expenses



























An early withdrawal penalty may be imposed.