FVCbank

One Bank. Unlimited Possibilities.

Savings, Money Markets, & CDs

Business savings accounts offered by FVCbank include savings, money market, CD, CDARS and ICS accounts.

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Man putting money into a business savings account

First Business Savings

Here’s a savings account that can be tailored to your specific needs.

  • Low $200.00 minimum to open
  • Interest earned on all balances
    • Interest is compounded daily and credited quarterly
  • No monthly service charge
  • Automatic transfer between accounts for Overdraft Protection on your FVCbank checking account and/or automatic savings

First Business Money Market

If you would like to earn a higher rate and are confident that your withdrawals will be limited, our First Business Money Market is a great product.

  • Low $200.00 minimum to open
  • Tiered interest rates: The higher the balance, the higher the rate
  • Interest earned on all balances
    • Interest is compounded daily and credited monthly
  • MasterCard® check card with free worldwide ATM transactions
  • Maintain a low average daily balance of $2,500.00 for the statement cycle to avoid the $12.00 maintenance fee. Fees may reduce earnings
  • Automatic transfer between accounts for Overdraft Protection on your FVCbank checking account and/or automatic savings

Certificates of Deposit

We will custom tailor Business Certificates of Deposit for your specific needs. Features include:

  • $1,000.00 minimum to open
  • Flexible terms — 3 months to 60 months
  • Competitive rates
  • Interest compounded daily and credited monthly
  • You determine whether you would like the interest credited to your FVCbank checking or savings account (monthly, quarterly or at maturity)
  • A penalty will be imposed for early withdrawal(s). Penalty may reduce earnings

Certificate of Deposit Account Registry Service (CDARS)

Looking for a way to keep large deposits safe? Ask us about CDARS®. It’s a great solution for individuals, businesses, nonprofit organizations and public entities. With CDARS, you can access FDIC protection on multi-million dollar CD investments through
FVCbank. There are few guarantees in life — FDIC insurance is one of them. CDARS can be a valuable tool for cash management or longer term investments.

Why CDARS?

With CDARS, you benefit from:

  • Safety — your money can access multi-million dollar FDIC insurance coverage
  • Convenience — you work directly with us and earn one interest rate; you’ll also receive one regular statement and one year-end tax form
  • Community investment — the full value of your money can support lending opportunities in your local community
  • CD-level rates — your money earns CD-level returns which may compare favorably with other investment alternatives, including treasuries, corporate sweep accounts, and money market funds

ICS (Insured Cash Sweep)

Would you like to access multi-million dollar FDIC protection on your savings deposits? Earn interest at the same time? And be able to withdraw funds up to six times per month? Now you can — through our new Insured Cash Sweep (ICS) service.

Benefits

  • Feel good knowing that your funds are eligible for protection that’s backed by the full faith and credit of the federal government
  • Put excess cash balances to work in an interest-bearing savings account or demand account
  • Rest assured that your money is always on deposit in regulated, FDIC-insured institutions and that you can see where your funds are at all times

Please contact us at (703) 436-4740 for more information regarding these products and services.