Focus Your Savings Efforts For Your Business
Whether you just want to easily manage your accounts, or you want your money to grow by taking advantage of a better interest rate, Mt. McKinley Bank’s investment and certificates of deposit (CD) accounts give you the chance to enhance your savings strategy. Stop in to our offices to learn more about investment accounts and CD accounts.
Investment Accounts
Investment accounts are a useful tool that can be used in connection with your business checking account to maintain liquidity and manage your cash. This account earns interest but can also serve as an overdraft protection account for your business checking account.
Certificates of Deposit
Reach your savings goals by taking advantage of a better interest rate offered by a CD at Mt. McKinley Bank. With competitive rates and term lengths that you set, there’s no better way to protect your business’s money and grow it for the future. Key features of our CDs include:
- $500 minimum deposit requirement
- Term lengths range from 30 days to 5 years
- Term lengths of 1 year or shorter offer simple interest paid at maturity
- Interest on certificates with a term longer than 1 year is compounded daily and is payable monthly, quarterly, annually or at full maturity
- All deposits are eligible for automatic renewal at maturity
Opportunity Plus CDs
Opportunity Plus CDs give you the chance to take advantage of rate increases throughout the term of the certificate. If the rate goes up, you can change your rate to earn more. We offer two Opportunity Plus CD options:
Account Name | Key Features |
---|---|
1-Year Opportunity Plus CD | Make deposits at any time
Earn simple interest that is paid at maturity
Eligible for automatic renewal
Increase the interest rate up to 2 times during the term if rates rise
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2-Year Opportunity Plus CD | Make deposits at any time
Interest compounded daily
Interest can be paid out monthly, quarterly, annually or at maturity
Eligible for automatic renewal
Increase the interest rate up to 4 times during the term if rates rise
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