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Commercial Certificate of Deposit

USVI 1-866-695-2511

BVI 1-284-495-8899

Start making smart investments for your business…

With a fixed rate Commercial Certificate of Deposit (CD) that ranges from thirty days to three years¹, we make it easy for you to save and earn. Not only is your money secured, but your CD may also be used as collateral for a commercial loan.

Your CD characteristics include:

Available fixed rate CDs ranging from thirty days to three years¹
Varying interest rates based upon the term and amount selected, renewed automatically at maturity
Interest payment options: receive payment by check, credit it to another account or add it to your CD balance
Account information available through eFirstBank

To open an account, visit any of our branch locations and provide:

A copy of your business license, EIN/TIN number and two valid forms of ID
Completed CD account form and a W-8 or W-9
Additional information, such as your Trade Name Certificate or application receipt (Sole Proprietorship or Partnership), Partnership Agreement and Partnership Certificate (Partnership), Articles of Incorporation, Certificate of Incorporation and Corporate Resolutions (Corporation)
Minimum opening deposit of $2,500
For other business structures, estate or bankruptcy accounts, or Public Fund Entities, further information may be required

For all other account opening information, see our Business Account Checklist.

USVI 1-866-695-2511

BVI 1-284-495-8899

LEGAL USVI

Member FDIC for USVI and Puerto Rico only. Subject to the terms and conditions of FirstBank Puerto Rico. FirstBank Virgin Islands is a division of FirstBank Puerto Rico. ¹ FirstBank reserves the right to negotiate minimum opening deposit amounts and the terms at account opening. Early withdrawals before maturity from a CD must be approved by the Bank, and are subject to the following penalties: for withdrawals on original tenors up to 365 days the penalty is forfeiture of 90 days of interest or all accrued interest, whichever is less; and for withdrawals on original tenors after one year the penalty is forfeiture of 180 days of interest or all accrued interest, whichever is less.

LEGAL BVI

Subject to the terms and conditions of FirstBank Puerto Rico. FirstBank British Virgin Islands is a division of FirstBank Puerto Rico. ¹ FirstBank reserves the right to negotiate minimum opening deposit amounts and the terms at account opening. Early withdrawals before maturity from a CD must be approved by the Bank, and are subject to the following penalties: for withdrawals on original tenors up to 365 days the penalty is forfeiture of 90 days of interest or all accrued interest, whichever is less; and for withdrawals on original tenors after one year the penalty is forfeiture of 180 days of interest or all accrued interest, whichever is less.

LEGAL USVI

Member FDIC for USVI and Puerto Rico only. Subject to the terms and conditions of FirstBank Puerto Rico. FirstBank Virgin Islands is a division of FirstBank Puerto Rico. ¹ FirstBank reserves the right to negotiate minimum opening deposit amounts and the terms at account opening. Early withdrawals before maturity from a CD must be approved by the Bank, and are subject to the following penalties: for withdrawals on original tenors up to 365 days the penalty is forfeiture of 90 days of interest or all accrued interest, whichever is less; and for withdrawals on original tenors after one year the penalty is forfeiture of 180 days of interest or all accrued interest, whichever is less.

LEGAL BVI

Subject to the terms and conditions of FirstBank Puerto Rico. FirstBank British Virgin Islands is a division of FirstBank Puerto Rico. ¹ FirstBank reserves the right to negotiate minimum opening deposit amounts and the terms at account opening. Early withdrawals before maturity from a CD must be approved by the Bank, and are subject to the following penalties: for withdrawals on original tenors up to 365 days the penalty is forfeiture of 90 days of interest or all accrued interest, whichever is less; and for withdrawals on original tenors after one year the penalty is forfeiture of 180 days of interest or all accrued interest, whichever is less.