Personal Banking
Certificates of Deposit
If you are looking for safety as well as a solid rate of return when you invest, consider MCT's Certificate of Deposit. Our interest rates are attractive and it is one of the safest investments you can make. MCT offers the following certificates:
Personal CD Accounts » Growth CD » Income CD » Jumbo CD
Growth Certificate of Deposit
Description: This is a certificate of deposit designed to provide a compounded return at a high fixed rate of interest. Because the interest accumulates, you can maximize the return on the investment.
Minimum Deposit to Open: $500
Interest: Interest is posted and compounded monthly
Terms Offered: 3 month, 6 month, 1, 2, 3, 4 & 5 years. Odd terms CDs when available.
Click here for Current CD Rates.
Income Certificate of Deposit
Description: This is a certificate of deposit combining a high rate of interest and interest disbursement options that can be suited to the individual customer needs.
Minimum Deposit to Open: $500
Interest: Interest accrues daily and can be paid monthly, quarterly, semi-annually, annually, or at maturity (if maturity is a 1 year or less term). It can be paid by check or deposited to your MCT checking, savings or money market account.
Terms Offered: 3 month, 6 month, 1, 2, 3, 4 & 5 years. Odd term CDs when available.
Click here for Current CD Rates.
Jumbo Certificate of Deposit
Description: This is a certificate of deposit in the amount of $100,000 or more designed as a time deposit to earn a high fixed rate of interest.
Minimum Deposit to Open: $100,000
Interest: Your choice – growth (compounded) or income (simple).
Terms Offered: 30 days, 60 days, 3 months, 6 months, 1 year and up. Odd term CDs are available.
Please contact a Customer Service Representative or Sales Associate for Current Jumbo CD Rates.
