Business Progressive Savings Account

  • Business
  • Savings
  • Business Progressive Savings Account
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A Business Account For Higher Balances

Watch your savings grow faster with tiered interest rates. The more you save, the more you earn.

Contact your local branch to get started.

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Account Requirements

  • Minimum opening deposit $10,000.00
  • Minimum balance requirement to receive interest $0.01
  • $10,000.00 Minimum balance requirement to avoid monthly minimum balance fee of $10.00
  • Interest compounded monthly
  • Interest tiers:
    • $0.01 to $24,999.99
    • $25,000.00 to $49,999.99
    • $50,000.00 to $74,999.99
    • $75,000.00 to $99,999.99
    • $100,000.00 to $249,999.99
    • $250,000.00 to $4,000,000.00
    • $4,000,000.01 and above
  • Quarterly/monthly paper statements
  • FREE Digital Banking & eStatements

 

Rates

View our current rates!

View Business Progressive Savings Rates

NON-PERSONAL PROGRESSIVE SAVINGS

Avg Daily Balance required to obtain advertised APY Interest Rate Annual Percentage Yield (APY) Minimum Opening Deposit
0.01 - 24,999.99 0.55% 0.55% $10,000.00
25,000.00 - 49,999.99 0.55% 0.55% $10,000.00
50,000.00 - 74,999.99 0.75% 0.75% $10,000.00
75,000.00 - 99,999.99 0.75% 0.75% $10,000.00
100,000.00 - 249,999.99 2.05% 2.07% $10,000.00
250,000.00 - 4,000,000.00 2.15% 2.17% $10,000.00
4,000,000.01 and above 0.10% 2.17% - 1.74%** $10,000.00
**Non Personal Progressive APY assumed maximum balance of $5,000,000

The account listed above is a variable rate account and the advertised rates, APYs, and Balance Tiers may change after the account is opened. Fees could reduce the earnings on an account. Please refer to the Truth in Savings Disclosures for each account, which are available upon request, for additional account details. The interest rates and APYs are accurate as of October 9, 2024 for the Region 1 branches of CNB Bank & Trust, N.A. only. Region 1 includes: Carlinville, Hillsboro, Litchfield, Taylorville, and Virden. Member of the Federal Deposit Insurance Corporation and the Community

NON-PERSONAL PROGRESSIVE SAVINGS

Avg Daily Balance required to obtain advertised APY Interest Rate Annual Percentage Yield (APY) Minimum Opening Deposit
0.01 - 24,999.99 0.55% 0.55% $10,000.00
25,000.00 - 49,999.99 0.55% 0.55% $10,000.00
50,000.00 - 74,999.99 0.75% 0.75% $10,000.00
75,000.00 - 99,999.99 0.75% 0.75% $10,000.00
100,000.00 - 249,999.99 2.05% 2.07% $10,000.00
250,000.00 - 4,000,000.00 2.15% 2.17% $10,000.00
4,000,000.01 and above 0.10% 2.17% - 1.74%** $10,000.00
**Non Personal Progressive APY assumed maximum balance of $5,000,000

The account listed above is a variable rate account and the advertised rates, APYs, and Balance Tiers may change after the account is opened. Fees could reduce the earnings on an account. Please refer to the Truth in Savings Disclosures for each account, which are available upon request, for additional account details. The interest rates and APYs are accurate as of October 9, 2024 for the Region 2 branches of CNB Bank & Trust, N.A. only. Region 2 includes: Brighton, Carrollton, Chapin, Jacksonville, Jerseyville, and Pittsfield. Member of the Federal Deposit Insurance Corporation and the Community

NON-PERSONAL PROGRESSIVE SAVINGS

Avg Daily Balance required to obtain advertised APY Interest Rate Annual Percentage Yield (APY) Minimum Opening Deposit
0.01 - 24,999.99 0.55% 0.55% $10,000.00
25,000.00 - 49,999.99 0.55% 0.55% $10,000.00
50,000.00 - 74,999.99 0.75% 0.75% $10,000.00
75,000.00 - 99,999.99 0.75% 0.75% $10,000.00
100,000.00 - 249,999.99 2.05% 2.07% $10,000.00
250,000.00 - 4,000,000.00 2.15% 2.17% $10,000.00
4,000,000.01 and above 0.10% 2.17% - 1.74%** $10,000.00
**Non Personal Progressive APY assumed maximum balance of $5,000,000

The account listed above is a variable rate account and the advertised rates, APYs, and Balance Tiers may change after the account is opened. Fees could reduce the earnings on an account. Please refer to the Truth in Savings Disclosures for each account, which are available upon request, for additional account details. The interest rates and APYs are accurate as of October 9, 2024 for the Region 4 branches of CNB Bank & Trust, N.A. only. Region 4 includes: Alton, Clayton, and Edwardsville/Glen Carbon. Member of the Federal Deposit Insurance Corporation and the Community

NON-PERSONAL PROGRESSIVE SAVINGS

Avg Daily Balance required to obtain advertised APY Interest Rate Annual Percentage Yield (APY) Minimum Opening Deposit
0.01 - 24,999.99 0.55% 0.55% $10,000.00
25,000.00 - 49,999.99 0.55% 0.55% $10,000.00
50,000.00 - 74,999.99 0.75% 0.75% $10,000.00
75,000.00 - 99,999.99 1.50% 1.51% $10,000.00
100,000.00 - 249,999.99 1.50% 1.51% $10,000.00
250,000.00 - 4,000,000.00 2.25% 2.27% $10,000.00
4,000,000.01 and above 0.10% 2.27% - 1.82%** $10,000.00
**Non Personal Progressive APY assumed maximum balance of $5,000,000

The account listed above is a variable rate account and the advertised rates, APYs, and Balance Tiers may change after the account is opened. Fees could reduce the earnings on an account. Please refer to the Truth in Savings Disclosures for each account, which are available upon request, for additional account details. The interest rates and APYs are accurate as of May 1, 2024 for the Region 3 branches of CNB Bank & Trust, N.A. only. Region 3 includes: Oak Forest, Palos Heights, and Tinley Park. Member of the Federal Deposit Insurance Corporation and the Community

Savings Calculator

Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.

Estimated Total Savings:
 

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Business Banking Services & Additional Products

Treasury Management

CNB Bank & Trust, N.A. understands the complexities of managing finances for businesses. Our knowledgeable team works closely with businesses to understand their unique needs, provide customized solutions to help them reach their financial goals, and effectively manage their cash flow, liquidity, and risk.

Read more

Beneficial Ownership Filing

CNB Bank & Trust, N.A. and Wolters Kluwer are partnering to help small businesses file Beneficial Ownership Information Reports.

Read more

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  • Alton
  • Brighton
  • Carlinville
  • Carrollton
  • Chapin
  • Clayton, MO
  • Edwardsville / Glen Carbon
  • Hillsboro
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  • Litchfield
  • Oak Forest
  • Palos Heights
  • Pittsfield
  • Taylorville
  • Tinley Park
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