Companion Account

High Yield + High Liquidity.

High Yield + High Liquidity

Here’s how it works!

Earn 1.65% APY on Paired CD & Savings Companion Accounts

  • The perfect solution for investors that desire the high yield of a CD and the liquidity of a savings account
  • Earn More + Have Access To Your Money
  • Connect with a Boundary Waters Bank team member to open yours today

Companion CD Account

  • Earns competitive 1.65% APY • 15-month term
  • $10,000 minimum balance
  • Funds remain locked during term

Companion Savings Account

  • Earns same 1.65% APY as CD • 15-month term
  • $1,000 minimum balance
  • Savings balance must be equal to or less than CD balance
  • Unlimited withdrawals in branch or at ATM

*$10,000 minimum CD balance and $1,000 minimum savings balance required to earn the advertised Annual Percentage Yield (APY). APY accurate as of 07/25/22. Both CD and Savings accounts must be opened and funded at the same time. The balance of the Savings account must be equal or less than the balance of the paired CD account. Additional deposits to the Savings account after account is opened are not permitted. Rates are subject to change. Interest penalty for early withdrawal on CD. If Savings balance falls below minimum balance requirement, fees may be applied and the account will no longer earn advertised APY. Fees could reduce earnings on account. For more information, please visit or call us at any of our branch locations available at Member FDIC.

Consumers can connect by email &/or phone