7-31 Day CD for Businesses

Looking for a short-term investment solution?

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Take advantage of greater earning potential and a shorter investment period – with our 7-31 Day CDs for Businesses.

If you're looking to help grow your savings short-term with an investment of $100,000, consider our 7-31 Day CD with:

  • Competitive fixed interest rates
  • FDIC insurance up to the maximum set by the FDIC per depositor and ownership type per depository institution
  • Automatic renewal at maturity with 1-day grace period
  • Compare all Business CDs

Frequently Asked Questions

  • What is a CD?
    A certificate of deposit (CD) is similar to a savings account. Money is deposited in a CD at a fixed interest rate and must remain there for a specific term. The term can be from 32 days to 5 years.
  • What is the minimum opening deposit for a CD?
    The minimum opening deposit can vary depending on the type of CD. View our Compare CDs page for more details.

  • How do I open a CD? What are the terms and interest rates?
    You can view current interest rates on our Compare CDs page. We offer three CDs with a variety of flexible terms, from 32 days to 5 years. To open a CD, visit a Bank of the West branch.
  • What if I want to withdraw my CD early?
    Penalties may apply to withdrawals made at any other time than during the grace period. Early withdrawal penalty fees could reduce earnings on the account.
  • What do I do when my CD matures?
    When your CD matures, you can withdraw all or part of the money, have it automatically renew for the same CD term at the interest rate that is being offered at maturity, or roll it over into a new CD term at the interest rate that is being offered at maturity.

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Note: Bank of the West has branches only in the states listed in the drop-down. At this time, we only open accounts for individuals and businesses in these states.