Money Market Account
With a Money Market Account, you maintain access to your funds while the excess liquidity in your business account earns interest. This account allows limited check writing and/or transfer capability each month while paying a competitive rate of interest on your average balance.

Investment Sweep Account**
An Investment Sweep feature is available as a part of your Business Analysis Account. The Investment Sweep product automatically transfers excess funds from your checking account into an overnight, fully insured interest bearing account. Likewise, funds automatically transfer from the Investment Sweep back to the Business Analysis account as items are presented for payment.

Certificate of Deposit**
For funds that do not require immediate availability, a Certificate of Deposit provides flexible terms and a higher yield on your investment. By choosing investment terms that suit your future cash flow needs, you can strategically ladder the maturity of your excess cash and capitalize on investment returns.

Certificate of Deposit Account Registry Service (CDARS®) **
Centennial Bank is a member of the CDARS® network which allows our customers to invest up to $10 million dollars in certificates of deposit with full FDIC insurance. The CDARS® automatically distributes your funds among network member banks. Centennial Bank serves as your lead bank to determine your investment rates, facilitate settlement, reinvest funds and provide one consolidated monthly statement summarizing your certificate of deposit holdings.

*Savings and Money Market Deposit accounts may be subject to a limited number of transactions each month. Please contact a Centennial Bank employee for details.

**Early withdrawal penalties apply on all Certificates of Deposit. Please ask a Centennial Bank representative for details.

2.20.12 Centennial Bank to open Boulder branch on Feb. 28. Read more.

Denver, CO (February 13, 2012) – Centennial Bank announces the addition of three new members to its staff, including Charles Holmes, David Mariea and Courtney Gimeno.

Business Advice: Improving Accounts Receivable

Every business owner wants to increase efficiency for their business, reduce costs and increase profits. By expediting the collection of a company’s receivables, Lockbox Services can meet these goals for your business!

By transferring the work of processing and depositing your daily accounts receivables to the bank, you will eliminate the need for staff to manage the deposit process and provide greater audit control. This also allows for deposits being made more expediently with faster collection of receivables, resulting in improved cash flow. There are many different forms of Lockbox Services available that will meet the needs of low to high volume businesses—yet all result in allowing a business owner to focus on what matters most, growing their business!

Click here to read “When Does a Lockbox Make Sense?” by Jill Heap, Chief Deposit Officer for Centennial Bank.