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Savings Accounts

Save Your way

A strong savings strategy is the foundation of any strong financial strategy. Whether you are just looking for an account to save for a rainy day, or you want an account that allows you to earn a better rate so your money can grow faster, Mt. McKinley Bank has a savings account that works for you. Each of our savings account allow you to:

  • Set up direct deposit
  • Initiate payments to Mt. McKinley Bank loans
  • Purchase one daily money order or cashier’s check at no cost to you
  • Make transfers over the phone to any of your accounts (Limits May Apply)

Compare Our Savings Account Options

Savings Account Options

Account Name

Key Account Features

Kasasa Saver

Any Kasasa Saver rewards are automatically transferred to your account (Must have Kasasa checking)

 

Earn a better interest rate than traditional savings accounts

 

No monthly maintenance fee or service charge

 

No minimum balance requirement to keep account open

 

Regular Passbook Savings

Only in-person withdrawals are permitted (Limits Apply)

 

No ACH or electronic debits

 

Quarterly Statement Savings

Quarterly statements mailed

 

No ACH or electronic debits

 

ATM cards not permitted

 

 No monthly service charge

 

Convenient Statement Savings

Statements mailed monthly

 

ATM card available

 

ACH and Electronic debits allowed (Limits Apply)

 

Minor Savings Passbook

Available for children under age 18

 

Interest earned on balances

 

No service charges

 

Certificates of Deposit

Mt. McKinley Bank allows you to earn a better interest rate on your savings balance when you choose to place your money in a certificate of deposit (CD). We offer competitive rates and a variety of term lengths to allow you to choose the CD that fits your savings goals. Here’s what you need to know about our CDs:

  • $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 automatically renew

Opportunity Plus CDs

If you’re looking for a CD that offers more flexibility and additional benefits, we also offer Opportunity Plus CDs. These certificates are available for one-year or two-year terms. Here are the key features of each option.

Opportunity Plus CDs

Account Name

Key Features

1-Year Opportunity Plus CD

Make deposits at any time

 

Earn simple interest that is paid at maturity

 

Automatic renewal

 

You can increase the interest rate up to 2 times during the term if rates rise

 

2-Year Opportunity Plus CD

Make deposits at any time

 

Interest compounded daily and paid quarterly

 

Eligible for automatic renewal

 

Increase the interest rate up to 4 times during the term if rates rise

 

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