Certificates of Deposits
If your business is in the enviable position of having excess cash on hand, you may want to purchase a certificate of deposit.
New Era Bank issues CDs with maturities ranging from as little as 91 days, to as long as 5 years, so you can put your money to work for the period of time that is best for your business. The interest earned on the CD increases in proportion to the time that the money is invested in the CD. This type of investment allows you to calculate your return from the outset and is FDIC insured up to $250,000 per depositor.