Are you interested in getting a certificate of deposit instead of just keeping your money in a regular savings account? If the answer is yes, then you definitely should go ahead and do it. Investing in CDs is a great way to grow your money because it’s safe, secure and it also offers a fixed interest rate which offers guaranteed returns. There are a lot of banks that can provide the best rates when it comes to CDs but one of the banks that gives satisfactory returns is Northrim Bank.
All About Northrim Bank
Northrim Bank is located in Anchorage, Alaska and is committed to providing its customers with first class service. Businesses, professionals, as well as individuals that need guidance with regards to their finances can find advise and quality service in Northrim Bank. Those who are located in Alaska and who are interested in applying for a certificate of deposits or CD should be open in doing it at this bank.
Certificate of Deposits
One of their well known CDs is the Jump Up CD. This is a good choice for those who would want to increase their earnings as interest rates will also rise. For those who will be selecting the one year term then the APY or annual percentage yield is 0.20%. The 18 months term will have an APY of 0.25% while 0.30% is for the 2 years terms. The last in this kind of CD is the 3 years term with an annual percentage yield of 0.40%. And the minimum amount to open such certificate of deposit is only $500. Next kind is the regular CD which is a good choice for those who will be choosing a shorter term. There is also the Alaska Certificate of deposit which is good for those who have bigger amounts to save.