Savings & Retirement

Mt. McKinley Bank offers a wide range of services for saving your money. Our knowledgeable staff will be happy to help you select products and services designed to meet your current and future financial needs.

Savings

All of our saving accounts offer the following:

  • Telephone transfers to any of your Mt. McKinley Bank accounts - (Limits apply)
  • Loan payment transfers to pay any Mt. McKinley Bank loan
  • Direct deposit
  • One money order or cashier's check per day at no fee

Our Regular Passbook Savings accounts have passbook convenience. No ACH or electronic debits are permitted, only in person withdrawals allowed.

Our Quarterly Statement Savings is similar to our Passbook Savings above but with Quarterly statements mailed to you instead of using a passbook. ACH or electronic debits are prohibited. Other withdrawals may be limited and ATM cards are not permitted..

Our Convenient Statement Savings accounts offer quarterly statements and the option to have an ATM card. You will receive a monthly statement with ATM, ACH or electronic debit activity - (Limits apply).

Our minor savings accounts are designed for children under 18 and pay interest on balances of $10 or more and are available as passbook or statement.

Time Deposits

Our time deposits offer you the most competitive rates available along with the safety and security you require for your hard-earned dollars.

We have both short-term and long-term time deposits. Minimum balance of $500 required.* Time deposits have higher interest rates but also have penalties for early withdrawals.

Standard Certificates of Deposit

Our 30 day, 91 day, 6 month, 9 month and 1 year time deposits offer simple interest paid at maturity and are automatically renewable.

Our 2 year, 3 year, and 5 year time deposits offer interest compounded daily with your choice of interest payable monthly, quarterly, annually or at maturity. These time deposits are automatically renewable.

Opportunity Plus Certificates of Deposit

The 1 Year Opportunity Plus CD offers simple interest paid at maturity and is automatically renewable. This CD also offers the additional benefit of allowing you to increase the interest rate two (2) times during the term if rates rise. Also, you can deposit to it at any time.

A 2 year Opportunity Plus CD offers interest compounded daily with your choice of interest payable monthly, quarterly, annually, or at maturity. This CD offers the additional benefit of allowing you to increase the interest rate four (4) times during the term if rates rise. Also, you can deposit to it at any time.

Retirement

Retirement Plan Servicing

Mt. McKinley Bank offers Individual Retirement Accounts (IRAs) with many options for you. You can choose to fund your IRA with one or more time deposits with a maturity of six months or longer. You may also choose to place your retirement dollars in a money market account which gives you a competitive variable interest rate without the worry of early withdrawal penalties.

Traditional, Roth and Education IRAs are all available. Ask one of our friendly representatives which account is best for you.

* For depositors residing outside of the State of Alaska a minimum balance of $5,000 must be maintained

For complete details, fees and current interest rates, please call or visit one of our 5 friendly, convenient branch locations.