Nave Savings
Products designed to securely grow your money.
Long-term savings options
A Certificate of Deposit (CD) is a savings product that allows you to deposit your money for a specified term in exchange for a guaranteed/fixed interest rate.
CDARS® protects large deposits by distributing funds across participating banks for aggregate FDIC insurance coverage. Interest is deposited directly into your Nave Bank® savings account.
Interest rate
3% - 3.5% APY5
Minimum deposit
$500,000
Term
4, 13, 26, or 52 weeks
FDIC Coverage
Multi-million
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Frequently Asked Questions
Nave offers three savings solutions for businesses: High-Yield Savings Account, Certificates of Deposit (CDs), and CDARS®. Each is designed for different liquidity, return, and cash management needs.
No. Each product offers different interest rates depending on its structure, term, and balance.
It's a flexible savings account that allows you to grow your business's money with a competitive interest rate, while maintaining access to your funds when you need them, all while earning interest. You can open it completely online, quickly and easily, without needing to visit a branch.
CDs are opened with the support of our team. We help you select the term and structure that best fits your business needs. This savings product offers a fixed term with a fixed interest rate to keep your money invested for a specific period.
CDARS® is a solution that allows you to distribute large deposits across multiple banks, maintaining full FDIC coverage and simplifying your cash management. It's designed for businesses with higher balances seeking greater deposit protection without having to manage multiple banking relationships. Our team will guide you through the entire process to correctly structure your deposit and maximize your coverage.
If you're looking for flexibility, the High-Yield Savings Account is ideal. If you prefer fixed-term returns, CDs might be the best option. And if you manage higher balances and seek greater coverage, CDARS® is the right solution.