Account | Term (if applicable) |
High-Yield CD ($25,000 Minimum) | 1 year – 0.75%
3 years – 1.10% 5 years – 1.40% |
Liquidity CD | 10-month term – 0.13% |
Business Savings | 0.15%-0.25% |
Business Checking | 0%-0.10% |
Money Market Deposit Account | 0.20% |
Based in Salt Lake City, Utah, Continental Bank first opened its doors in 2003 as a State-Chartered, FDIC-insured bank. The bank’s focus is on creating a culture where shareholders, employees, and customers can grow and thrive – financially and professionally. Continental Bank primarily offers traditional banking services and real estate financing
9.0
10
8.0
8.0
Continental Bank currently provides online banking services specifically tailored to commercial businesses. These financial services include business CDs, business checking and savings accounts, and money market accounts. The bank also offers different types of financing for small and medium businesses, including real estate and equipment financing solutions.
APY SAVINGS
0.15% - 0.25%
APY CHECKINGS
Max 0.10%
MIN CREDIT SCORE
300
OTHER FEES
Yes
Pros & Cons
Account Type
DEPOSIT AMOUNT
No minimum
APY
Max 0.10%
Pros & Cons
DEPOSIT AMOUNT
No minimum
APY
0.15% to 0.25%
MIN BALANCE
$500
Pros & Cons
DEPOSIT AMOUNT
No minimum
APY
Min 1%
MIN BALANCE
$25,000
Pros & Cons
Account | Term (if applicable) |
High-Yield CD ($25,000 Minimum) | 1 year – 0.75%
3 years – 1.10% 5 years – 1.40% |
Liquidity CD | 10-month term – 0.13% |
Business Savings | 0.15%-0.25% |
Business Checking | 0%-0.10% |
Money Market Deposit Account | 0.20% |
Continental Bank offers three tiers of business checking accounts: Basic, Preferred, and Performance. There is no opening deposit, but there are account maintenance fees – avoidable if you keep a minimum monthly balance.
Each account is tailored to a different level of your business needs. This includes a debit card, mobile controls, QuickBooks, business mobile deposit capture, online transactions (ex. transfers, wires, bill pay), ATM access, and overdraft protection. The Preferred Checking Account also has remote deposit check scanners. The Performance account gives you access to saving sweep accounts and a Money Market Deposit Account.
Account Type | Key Features Bonuses |
Business Checking Account |
|
With a savings account, you can make your assets grow while accruing interest. There are two main types of savings accounts: Basic and Preferred.
Both accounts offer various digital services and features, including real-time account management and the ability to link them to a checking account for overdraft protection. Opening a savings account comes with no fees.
While the money market option gives you access to ATMs, a Debit Card, and checkbooks along with cashier’s checks.
Account Type | Key Features Bonuses |
Business Saving Account |
|
Continental Bank’s Money Market Deposit Account comes with the Performance Checking Account. It includes daily compounding interest, is FDIC-insured, and includes checkbooks, debit cards, and fee-free ATM access.
Account Type | Key Features Bonuses |
Money Market Deposit Account |
|
Continental Bank is currently in the process of creating personal bank accounts for individuals. For now, however, they only offer banking services to commercial individuals (i.e., businesses).
To open an account for a business, head over to their Business Checking Page. Click “Apply Now” to start the online process. You’ll have the option to choose which type of account you’d like to open. When choosing a checking or savings account, you’ll also be asked to select the tier you’re interested in. From there, follow the prompts to complete your application for the account.
To be eligible for any of these accounts, you’ll need to be:
If you’re applying for a CD, fill out a quick application. This requires:
After applying, simply wait for a response from the team.
Available in all states
Continental Bank is transparent about their privacy and security measures. They collect general user information, such as the type of device you use to access their website and IP address, to improve your experience. They may also collect personal information, such as your SSN or contact details. This typically occurs when you apply for a particular service or product. As for security, Continental Bank uses Service Providers to safeguard potentially sensitive data.
Continental Bank is fairly responsive. But it can take a while to connect with a real person on the phone, especially if you call during peak business hours. Their representatives are friendly and helpful, though. When you call, there’s also an automated system that can help with basic queries.
The bank isn’t accredited or rated on Better Business Bureau. However, they have 4.8 stars on Google with mostly positive reviews.
Continental Bank is a well-established financial institution that mainly provides financing for small and medium-sized businesses across the country. This includes equipment purchases, real estate lines of credit, and a business checking account. They’ve also built a reputation for themselves as an SBA Preferred Lender of both 504 and 7(a) loans.
The bank has also started to expand into personal banking, including a high-yield savings account and Certificates of Deposit. Their options are still somewhat limited, but the ease of use might make up for that.
“Continental Bank”, “we”, “our”, or “us” means Continental Bank and its agents or assigns worldwide. Continental is committed to respecting your privacy, and we take the responsibility of protecting your personal and financial information seriously. This Online Privacy Statement (“Statement”) applies to www.cbankus.com, including the web sites, features, applications, online services, and functionality available via www.cbankus.com that post a link to this Statement, whether accessed via computer, mobile device or otherwise (collectively, the “Site”), and explains how Continental collects, uses, and shares information from or about you when you visit the Site. The Site is owned or controlled by Continental and Continental is the commercial operator of this Site, although software, hosting, and other functions and content may be provided by Continental service providers (“Service Providers”), or other companies affiliated with Continental or merely in a business relationship with Continental.
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