Skip to main content

SCAM WARNING - Fraudsters are calling clients, spoofing the Bank's phone number and posing as MB&T employees. These fraudsters ask for Online Banking passwords and one-time PINs. We will never ask for this information. Please hang up & call your branch, Relationship Manager, or our Service Center (805-963-7511) immediately.

SCAM WARNING - Bankers never ask for your Online Banking password or one-time codes. Learn More

Business CD

You Choose CD®

Want the flexibility to move to a higher rate if rates change? This may be the CD for your business.

Two professional working women looking at a laptop.
<

Similar to a standard CD, but with a perk! You can adjust your interest rate once during your term to the current You Choose CD rate if rates increase. That's one powerful account.

The Details

Key Features At one time during your 21-month term, you may choose to reset the interest rate to the prevailing You Choose CD rate for the rest of your term.
Term 21 months
Interest Yes1
Minimum to Open $10,000
Minimum Balance $10,000
Access to Funds You may be assessed an Early Withdrawal Penalty for withdrawals made prior to maturity.
Online and Mobile Banking2 Free
  1. Simple interest accrues daily and compounds daily. Customers can have their interest paid weekly, bi-weekly, monthly, semi-annually, annually, or at maturity (if the term is one year or less). View our Deposit Rate Summary for the latest rates.
  2. Montecito Bank & Trust does not charge for the Mobile Banking service; however, your wireless provider may charge for Internet access and text messages. Please check with your wireless provider.

Have any questions?

We're here to help.

Schedule an appointment ATM & branch locations Call us at (805) 963-7511

Considering other investment options?

Our MB&T Advisors team can help you define your goals and navigate your investment options with confidence.

Let's start a conversation.

Meet with an advisor

Additional Services

Ready to explore? Here are some more great options we think you'll love.

A woman's hands using her phone while being on her laptop.
Business Checking

We love local businesses! Big or small, we have the perfect checking account to support your business needs.

Learn more
A man and a woman looking at a tablet together at an office.
Business Savings

Put your excess liquidity to work with a Business Savings or Money Market from MB&T.

Learn more
A professional businessman using his tablet at a cafe.
Extended FDIC Insurance

Access multi-million dollar FDIC insurance and earn interest, all through a single bank relationship with MB&T.

Learn more