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Disclosure
*Annual Percentage Yield (APY) is accurate as of 05/01/2024. The annual percentage yield assumes interest is credited monthly and remains on deposit until maturity. Deposit must originate from a non-Sandy Spring Bank account. Penalties for early withdrawal may apply. A withdrawal of interest will reduce earnings. For other provisions applicable to your account, please see Commercial Deposit Account and Electronic Banking Agreement and if you are opening an account, your Receipt.
1The 8-Month CD Special has a minimum opening deposit of $500. Maximum deposit is $10,000,000. The CD will automatically renew for a 12-month term from the initial and each succeeding maturity date at the interest rate then being offered by us for your type of account.
2The 14-Month CD Special has a minimum opening deposit of $2,500. Maximum deposit is $1,000,000. The CD will automatically renew for an 18-month term from the initial and each succeeding maturity date at the interest rate then being offered by us for your type of account.
Business Certificates of Deposit
Sandy Spring Bank has a variety of CDs to meet your savings needs and performance is guaranteed when you lock in one of our competitive fixed interest rates. To lock in one of our FDIC-insured CDs, simply select the product and term that best supports your company's financial goals.
Open a Sandy Spring Bank CD! Click the links below to apply online or visit a Sandy Spring Bank branch.
CD Specials
| TERM | MINIMUM | RATE | APPLY NOW |
| 8-Month CD Special | $500 | 5.00%1 APY* | OPEN NOW |
| 14-Month CD Special | $2,500 | 4.75%2 APY* | Open Now |
Not sure that CDs meet your business' savings needs? Learn more about our Business Premier Money Market.
Current CDs
| Term | Minimum Opening Balance | Apply Online |
|---|---|---|
| 6-Month | $1,000 | Apply Now |
| 12-Month | $1,000 | Apply Now |
| 18-Month | $1,000 | Apply Now |
| 24-Month | $1,000 | Apply Now |
| 30-Month | $1,000 | Apply Now |
| 36-Month | $1,000 | Apply Now |
| 48-Month | $1,000 | Apply Now |
| 60-Month | $1,000 | Apply Now |
Use Business Online Banking and Mobile Banking to manage your certificate of deposit.
Interested in a Sandy Spring Bank Business CD?
Visit a Sandy Spring Bank branch or apply online above.
Check our current rates: