Certificates of Deposit

CD Options

With a Business CD, you’ll earn a fixed interest rate to help your business reach its longer-term financial goals.

Gather the information and documents you'll need to open your business deposit account.

Features	Jump-Up CD	Certificates of Deposit	Alaska CD
Description	Option to increase earnings when interest rates rise	Regular terms from 30 days to 5 years	For higher balances with added flexibility, like a savings account
Minimum opening deposit	$500	$500	$10,000
Terms¹	1-3 years	30 days-5 years	No maturity date or specified term
Interest	Yes View Rates	Yes View Rates	Yes View Rates
Additional deposits allowed	Yes²	No	Yes
Limited withdrawals allowed	No	No	Yes³
Additional benefits	Option to jump interest rate once on a 12-month term and twice on terms of 18 months or more	No	Customers with a Loyalty Club account, Business Analysis account or a Flex Checking account in the Power or President's Club tier may qualify for a bonus interest rate on the Alaska CD.
Apply Now	Open This Account	Open This Account	Open This Account

¹On regular Certificates of Deposit and Jump-Up CDs: Automatically renews at maturity for the same term at the prevailing rate, unless we notify you otherwise. Early withdrawal penalties may apply. No withdrawal penalty during 10-day grace period following maturity. For regular Certificates of Deposit no interest is paid on balances below $500 minimum.

²You are limited from making a deposit more often than every seven days, and not during the first or last seven days of the CD term.

³Excess withdrawal fees for Alaska CDs: More than one debit per quarter is $100 each. Total withdrawals in a calendar quarter exceeding $500,000 is $100 per quarter. Withdrawal before end of quarter may result in loss of accrued interest. Maximum investment $5 million per customer.

Refer to our Business Fee Schedule and Account Details for more details on service fees.

For specific account details, terms, and conditions, see our Your Deposit Account disclosure.

Insure all your deposits while maximizing returns

Northrim is a part of IntraFi® and offers IntraFi Cash Service^sm . A convenient and safe cash management solution that provides access to FDIC insurance on deposits above $250,000 placed into Certificates of Deposits (CDs ) that can provide returns comparable with other investment alternatives including Treasuries and money market funds.

This can be a valuable cash management or long-term investment tool for businesses, nonprofits, public unions and IRAs.

Here is how it works. Your funds are sent from Northrim to another IntraFi bank and invested in CDs in amounts below $250,000, the standard FDIC insurance maximum. As a result, you can access FDIC insurance coverage from many institutions to safeguard all your money while working directly with Northrim.

Save Time

Enjoy simplicity of working directly with Northrim and forget managing multiple investment relationships.

Feel Confident

No one has ever lost a penny of FDIC-insured funds, so you can rest easy knowing your funds are covered by multi-million-dollar FDIC insurance backed by the full faith and credit of the U.S. government.

Stay Up To Date

You will receive a regular monthly statement that lists all your accounts together with balances, interest earned, and other details. You can also check your balances and see where your funds are at any time through a specially designed Depositor Control Panel. As always, your confidential information remains protected.

Support Alaska Communities

Feel good knowing your deposits are being used by Northrim to grow the local economy by funding lending needs.¹

Learn More

Work directly with Northrim — Alaska’s community bank you know and trust.
Contact us today for more information about how Certificate of Deposit Account Registry Service can benefit you.

¹This benefit applies to some, but not all types of IntraFi transactions. Let us know if this benefit is important to you, so that we can explain the relevant terms and conditions in more detail.

Deposit placement through Certificate of Deposit Account Registry Service or IntraFi Cash Service is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through Certificate of Deposit Account Registry Service or IntraFi Cash Service satisfies any restrictions on its deposits. A list identifying IntraFi banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and IntraFi Cash Service are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks, of IntraFi Network LLC.