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Marlin Business Bank

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a solid, stable option for your money with strong returns

As an FDIC-insured institution, Marlin Business Bank® is here to help you build your wealth confidently and securely.

  • Boost Your Earnings with CDs

    Our competitive rates for business and personal certificates of deposit help your earnings grow.

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  • Grow Safely, with a Bank You Can Trust

    Look forward to tomorrow with confidence, knowing your money is safe and earning interest daily.

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  • Maximize Your Savings with Great CD Rates

    Earn more on the money you save when you open a CD account with Marlin Business Bank.

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a foundation of reliability with a focus on customer service

Our bank holding company, Marlin Business Services Corp. (NASDAQ: MRLN) has been providing financial products to businesses nationwide since 1997. Explore Marlin Business Bank’s variety of business CD products, which offer good value and are insured by the FDIC. Invest your business savings with an institution that has significant experience and expertise in supporting the small business community.

  

Plan for your future with a Marlin Business Bank CD to help you reach your savings and investment goals. Enjoy this FDIC-insured CD account, which provides a longer-term savings option offering higher returns and a variety of terms.

Early withdrawal penalties may apply. Annual Percentage Yields (APY) are subject to change without notice. APYs are accurate as of June 5, 2019.

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A table with Marlin Business Bank CD rates as of June 5, 2019

how to apply

Frequently Asked Questions

Will Marlin Business Bank remind me of the maturity date on my CD?

Yes, we will send you a notice prior to maturity.

Can I add money to my CD once it has been opened?

While you can’t add money to an existing CD, you can open additional CDs at any time.

How do I know when my CD is open?

You’ll receive an email with your Customer Number, which you will need to access your account, and the Account Number on the last page of the account opening process. Once we receive all required documentation from you and your account is funded, your CD will be officially opened.

Are there any fees to open or maintain an account?

No. Marlin Business Bank does not charge opening or maintenance fees. The only fee would be related to an early withdrawal penalty. See question above on penalty for early withdrawal.

How do I fund my CD?

Funding your Marlin Business Bank CD is easy. Marlin prefers ACH, but check and wire information is included below if you cannot do an ACH. Please contact us with questions at (856-505-4116)

  • ACH Transfer – One of the easier ways to fund your CD. Electronically transfer your funds by supplying your bank’s routing number and your account number during the application process. Just have a bank check handy when signing up.
  • Check – You can fund your account by check, just mail it to:
  • Marlin Business Bank
    ATTN: Deposit Services
    2795 E. Cottonwood Pkwy
    Suite 120
    Salt Lake City, UT 84121
  • Wire – You can elect to wire money to fund your Marlin Business Bank CD. Just use the information below:
Bank Name: Wells Fargo, NA
Bank Address: 255 2nd Ave South
Minneapolis, MN 55479
Bank Tel: 800-745-2426
Routing/Transit #: 121000248
Beneficiary Account #: Credit: Marlin Business Bank
2000062839589
Additional Instructions: For the benefit of (credit to):
Your Name
Your Address

How do I submit my required documents?

Once you have completed your deposit account online, you have 60 calendar days to provide us with a few required documents before your account can be approved. You must deliver the required documents via Fax (1-856-813-2879), email them to docs@marlinbank.com or upload the documents as instructed during the application to complete the account opening process.

How do I open a CD?

Opening a CD is quick, easy and convenient. Simply visit our website here, then click on the Open An Account Today button. Follow the instructions to open an account online and make sure to have the following documents on hand:

  • Social Security Number (for identification purposes)
  • Driver’s license or other valid state or military picture identification
  • Your existing business checking account information and routing number to setup funding and interest payments
  • Business Tax ID number (for business CDs)

What type of documents do I need to open a personal CD account?

To open a personal CD Account, you’ll need to provide us with certain documentation:

  1. Government-issued identification
  2. Voided check with your name preprinted on the check to setup funding and interest payments.

What type of documents do I need to open a business CD account?

To open a business CD Account, you’ll need to provide us with certain documentation:

  1. Corporate Resolution (if applicable)
  2. Business W-9 Form with tax ID number
  3. Voided check with the business name preprinted on the check to setup funding and interest payments.

Does Marlin accept personal CDs?

Yes. Marlin Business Bank has recently started accepting personal CDs as well as business CDs.

What are the interest disbursements for my Certificate of Deposit?

Interest on CDs is paid at the earlier of renewal, annually or at account closing.

Is there a penalty for early withdrawal?

As with any CD, there is a penalty for withdrawal of principal prior to the maturity date.
The penalty will be the greater of half of the interest that would be earned for the term of the certificate of deposit on the amount withdrawn, or seven days’ interest.

How is interest calculated on a Certificate of Deposit?

Interest on your CD is compounded daily. Interest will be paid by ACH credit to your checking account.