Routing Number 231374916

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Routing Number 231374916

Secure Your Business Finances With Phoenixville Federal Bank & Trust

At Phoenixville Federal Bank & Trust, we are your trusted partner in business financial solutions. As a premier financial institution serving business owners throughout Chester and Montgomery County, PA, we understand the unique financial needs and challenges that small and large businesses face. Our Business Certificates of Deposit (CDs) offer a smart and secure way for businesses to grow their funds while enjoying competitive rates and flexible terms.

Understanding Business CDs

A Business Certificate of Deposit, or a Business CD, is a time deposit account that allows businesses to earn a fixed interest rate over a predetermined period. This period, known as the “term,” can range from several months to several years, depending on your business’s financial goals and needs. Unlike traditional savings accounts, business CDs offer higher interest rates, making them an attractive option for organizations looking to maximize their returns while keeping their funds safe.

Benefits of Business CDs

Business CDs offer several benefits that make them attractive for businesses looking to manage and grow their funds. Here are some of the key benefits:


  1. Competitive Business CD Rates – At Phoenixville Federal, we offer highly competitive business CD rates that ensure your business earns substantial interest on its funds. Our rates are designed to provide businesses with a reliable and predictable source of income, helping you achieve your financial objectives.
  2. Security and Stability – Business CDs are a low-risk investment option backed by FDIC insurance, which means your funds are protected up to the maximum allowable limit. This security provides peace of mind, allowing you to focus on managing and growing your business.
  3. Flexibility in Terms – We understand that every business has unique financial needs. That’s why we offer a range of flexible terms for our business CDs. Whether you’re looking for a short-term investment to cover upcoming expenses or a longer-term strategy for growing your capital, we have the correct CD term for you and your business.
  4. Predictable Returns – Business CDs provide a fixed interest rate throughout the term, ensuring you know exactly how much you’ll earn by the end of the period. This predictability can be valuable for businesses that want to plan their financial strategies with certainty.

Business CD Account Opening Process

Opening a business CD account with Phoenixville Federal is a straightforward process designed to save you time and effort. Simply visit our nearest branch or explore our online banking platform to get started. Our dedicated team of financial experts is available to guide you through the application process and answer any questions you have. 

Income Certificates

  • $5,000 minimum to open and obtain annual percentage yield 
  • Simple interest paid monthly or quarterly 
  • 6, 12, 18, 30, or 60-month terms (penalties may apply for early withdrawal)

Growth Certificates

  • $500 minimum to open and obtain annual percentage yield 
  • Interest compounded daily & posted quarterly 
  • 3 to 60-month terms (penalties may apply for early withdrawal)

Small Business IRA Option

In addition to our business CDs, we also offer a Small Business IRA (Individual Retirement Account) option, designed to help small business owners and their employees save for retirement. With tax advantages and various investment options, our Small Business IRA is a valuable addition to your business’s benefits package. IRA deposits can be made to any Growth Certificate of Deposit Account currently being offered, or just $20 opens your Individual Retirement Statement savings account.

Phoenix Money Market

A money market is a segment of the financial market where short-term borrowing and lending of funds occur. It’s a marketplace where financial instruments with high liquidity and short maturities are traded. Money market instruments are considered to be very safe and low-risk investments, making them a popular choice for investors who prioritize capital preservation and liquidity. At Phoenixville Federal, enjoy:


  • Variable tiered balances rate compounded daily and credited monthly, based on tiered balances 
  • $2,500 minimum to open the account, earn interest, and avoid a service fee 
  • A monthly service fee of $6.00 if the daily balance falls below $2,500 
  • Six cleared checks per statement cycle are allowed