SEP Account

 

Fidelity Bank offers SEPs to:

  • Sole proprietors and practitioners
  • Partnerships
  • Corporations (including Subchapter "S" corporations)

 

 

Every employee who meets the employer's plan requirements, including eligible part-time employees, must be enrolled in the plan.

The employer determines the amount to be contributed annually; there are no minimum required contributions. All contributions are tax deductible and are vested to the recipient at the time they are made, by means of a traditional IRA.

Interested in opening a SEP Account or learning more?

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Product / Term Minimum
to Open		 Interest Rate APY
Floating Rate CD $0 to $999 0.07% 0.07%
Floating Rate CD $1,000 - $24,999 0.09% 0.09%
Floating Rate CD $25,000 - $49,999 0.11% 0.11%
Floating Rate CD $50,000 - $74,999 0.16% 0.16%
Floating Rate CD $75,000 and over 0.22% 0.22%
1 Year Fixed Rate CD $500 0.21% 0.21%
3 Year Fixed Rate CD $500 0.56% 0.56%
5 Year Fixed Rate CD $500 1.14% 1.15%
7 Year Fixed Rate CD $2,000 1.33% 1.34%
Special 15 Month CD $500  0.32%  0.32%
Special 30 Month CD $500  0.56%  0.56%
Special 45 Month CD $500  1.26%  1.27%
* A penalty may be imposed
Online Cash Management

We offer a sophisticated set of online tools that can be customized to suit any business.


1% Rebate

All Fidelity Bank Business Visa® Check Card customers receive
a 1% rebate on all signature based transactions.