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Mountain
National Bank offers a wide variety of Certificate terms and interest
rates guaranteed for the term of the certificate. With a minimum balance
of $1,000, you can open a Certificate of Deposit at Mountain National
Bank. Interest frequency varies according to the term and the amount
of your initial investment. Interest may be received by check, directly
deposited to an account or added to the certificate. Certificates
will automatically renew for the same term at the current posted rate
of interest unless redeemed within 10 days of the maturity date or
stated otherwise on the face of the original certificate*.
Rates
*Additional
disclosures provided on all Mountain National Bank accounts at account
opening.
Limitations:
Principal
withdrawals taken prior to the maturity date may incur a substantial
penalty on the amount withdrawn.
You have
10 days after the maturity date to withdraw or deposit funds without
penalty. (This penalty does not apply at death or adjudication of
incompetence).
The FDIC
insures depositors up to $100,000.
IMPORTANT
INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities,
Federal law requires all financial institutions to obtain, verify, and record
information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name,
address date of birth, and other information that will allow us to identify you.
We may also ask to see your driver's license or other identifying documents.
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