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Business Certificates
Business Certificates
Certificates are a short-term, competitive rate savings option for your business.
Certificates of Deposit
A short-term, competitive rate savings option for your business. A Certificate allows you to earn a higher dividend rate in return for leaving your funds on deposit for a specified period of time. Once you choose a Certificate, you will earn the same rate throughout the term of the deposit. And you can rest easy knowing that your funds are federally insured, up to $250,000.
Here is more about LGE Certificates:
- Terms from 6 to 60 months
- After initial deposit, no additional deposits
- 10-day grace period after renewal to make changes
- Convenience of automatic renewal, subject to the grace period
- No partial withdrawals - certificates closed prior to maturity incur an early withdrawal penalty
Bump Rate Certificate
LGE now offers a Bump Rate Certificate. This is a Certificate of Deposit that allows you to "bump" the rate one time during the term of the certificate. You won't have to worry about locking in your funds at today's rate if rates start going up.
Bump Rate Certificates are available in a 33 month or 55 month term. See below for current rates.
To open a Business Certificate or to bump a rate on an existing Bump Rate Certificate: