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Personal CD

You Choose CD®

Want the flexibility to move to a higher rate if rates change? This is the CD for you.

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Similar to a standard CD, but with a perk! You can adjust your interest rate once during your term to the prevailing You Choose CD rate for the rest of your term. 

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
Access to Funds You may be assessed an Early Withdrawal Penalty for withdrawals made prior to maturity.
Interest Yes1
Minimum to Open $10,000
Minimum Balance $10,000
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.

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