Alaska is the largest state with the lowest population density in the nation and home to Northrim Bank.  Northrim Bank is a full-service commercial bank that provides a full range of personal and business banking services.  Northrim Bank was founded in 1990 and is headquartered in Anchorage, Alaska. The bank provides its banking services through 11 bank branch locations in Anchorage, Eagle River, Wasilla, and Fairbanks, Alaska. 

Make the most of available investment funds with the bank CD offers.  CD terms range from 30 days to five years.  Bank CDs automatically renews at maturity for the same term at the prevailing interest rate.  No withdrawal penalty during 10 day grace period following maturity.  Only $500 minimum for investment in these CDs.

Current CD rates:

One month CD rate is 0.20% APY
Three month CD earns an interest rate of 0.50% APY
6 month CD rate is offered at 0.70% APY
1 year CD yields a rate of 1.25% APY
2 year CD has an interest rate of 1.65% APY
3 year CD rate is1.85% APY
4 year CD earns an interest rate of 2.05% APY
5 year CD has a rate of 2.25% APY

Northrim Bank also offers Jump-Up CDs.  These bank CDs allow the accountholder the option to increase earnings when interest rates rise.  Jump or increase the CD interest rate once on a 12 month and twice on terms of 18 month or more, just stop by any bank branch or call their customer service representatives.  Customers can choose CD terms that fits their needs best from one year CDs, 18 month CDs, two year CDs, or three year CDs.  Additional deposits allowed. 

Jump-Up CDs rates:
   
1 year CD rate is 1.25% APY
18 month CD earns a rate of 1.45% APY
2 year has an interest rate of 1.65% APY
3 year CD rate is 1.85% APY

The Annual Percentage Yield is based upon the assumption that interest earned remains in the account until maturity.  Interest withdrawals and fees will reduce earnings.  For information on the banking products listed above, including bank rates, CD rates, calculations, frequency of rate changes, minimum balance requirements, call Northrim Bank at 800-478-2265.  The bank website has information on bank rates and account details and can be found at www.northrim.com.

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