Where should your business put cash that isn’t paying bills next week? An honest guide to the four BizCD term options and three BizLiquidity / BizSelect / BizPremier money market accounts — and which one fits which kind of business.
Most businesses use both. The question is which dollars go where.
A CD locks a fixed amount for a fixed term at a fixed APY you know on day one. You give up access to that cash for the term in exchange for a higher, predictable yield.
Best for: tax reserves, equipment-purchase savings, revenue-stable cash you don’t need for 3, 6, 12, 24+ months.
A money market account stays accessible — you can write checks, transfer, and pay vendors — while paying a variable APY that’s usually higher than a basic business savings account.
Best for: operating reserves, payroll buffers, surplus cash you may need within weeks rather than months.
The common pattern: keep ~3 months of operating cash in a money market account, then ladder the rest into BizCDs at staggered maturities so something is always coming due.
Pick the term that matches when you’ll actually need the cash. Current APYs are shown live on each product page.
Best for businesses parking short-term excess cash while staying flexible.
Best for businesses seeking strong returns with balanced term commitment.
Best for established businesses planning capital needs beyond the next year.
Best for enterprise businesses optimizing long-term strategic capital.
All BizCD products are FDIC-insured up to applicable limits. Minimum opening deposit and APY vary by term and product. Early-withdrawal penalty applies. Requires active BizMembership I.
All three keep your money accessible — the higher tiers add features and yield for businesses with larger balances.
Best for businesses building emergency reserves and maintaining accessible savings.
Best for growing businesses looking to earn higher yields on surplus cash.
Best for established and enterprise businesses managing larger cash reserves.
Money market accounts are FDIC-insured up to applicable limits. Minimum balance and APY tiers vary by product and balance. Transaction limits apply. Requires active BizMembership I.
Skip the lineup and go straight to the answer.
If you’ve never built a CD ladder, here’s the no-jargon version most CFOs use.
Take the cash you don’t need for 12+ months and divide it into equal portions — e.g., four equal slices.
Put each slice in a CD with a different maturity: BizCD Short, BizCD Core, BizCD Growth, BizCD Max. Now one CD is always close to maturing.
When the shortest CD matures, you decide: keep the cash if you need it, or roll it into a new long-term CD at the back of the ladder.
A ladder gives you predictable liquidity (a CD matures regularly) plus the higher yield of long-term CDs (because most of your money sits in long terms). It works best for cash you don’t need to touch for at least a year.
RMO Bank deposit products are part of a larger business toolkit. One membership unlocks each of the following.
BizFirst, BizCore, BizCommercial tiers for daily operating cash with online & mobile banking and bill pay.
Treasury management for businesses with payroll, vendor payments, and multi-account cash flow.
RMOPay for instant business payments, vendor pay, and customer collection — integrates with your business deposit accounts.
A business CD locks a fixed amount of money for a fixed term (e.g., 6, 12, 24, 60 months) in exchange for a fixed APY that you know up front. You generally cannot withdraw without an early-withdrawal penalty. A business money market account keeps your money accessible — you can write checks, transfer, and pay vendors — and pays a variable APY based on your balance. Most businesses keep operating cash in a money market and term-locked reserves in CDs.
Yes. RMO Bank business deposit products, including BizCD and the BizLiquidity / BizSelect / BizPremier money market accounts, are FDIC-insured up to applicable limits. FDIC coverage protects your deposits in the unlikely event of a bank failure.
BizCD and the BizLiquidity / BizSelect / BizPremier money market accounts are member products that require an active BizMembership I or higher. Minimum opening deposits and balance tiers vary by product. Current minimums are listed on each product page and confirmed at application.
Generally no — business CDs lock your principal for the agreed term. Withdrawing early typically triggers an early-withdrawal penalty that reduces your earned interest, and in some cases can reduce principal. If you need partial liquidity, BizCD Short (shorter term) or a BizLiquidity money market is usually a better fit for that portion of cash.
It depends on when you’ll need the cash. BizCD Short is for short-term excess cash with quick maturities. BizCD Core is the balanced option — strong yields with a mid-range term. BizCD Growth fits established businesses planning capital needs beyond a year. BizCD Max is for enterprises optimizing long-term strategic reserves. Most businesses ladder several CDs across terms so something is always maturing.
RMO Bank is a member-based bank operated as part of RMO. Business deposit products, lending, and treasury tools are available exclusively to BizMembership holders. The advantage is that one membership unlocks not just banking but the full RMO ecosystem — payments (RMOPay), insurance, payroll, and more — under a single business relationship.
RMO Bank serves businesses nationwide, with availability subject to standard FDIC and state banking requirements. If your business is headquartered in a state with specific banking regulations, eligibility is confirmed at application.
