|
|
 |
|
|
|
|
|
|
Deposit Rates
Please see below for a list of current rates. You may also contact the MBT Customer Service Center at 734-241-1341 or 800-321-0032 for more detailed information.
All deposit account rates below are accurate as of March 9, 2010 at 9:00 AM EST and are subject to change without prior notice until account opening. APYs shown apply to only individual and joint consumer accounts.
| MBT Performance Checking |
| Term |
Rate |
APY |
Compounded |
| Qualified balances up to $25,000 |
2.97% |
3.01% |
Monthly |
| Qualified balances over $25,000.01 |
0.50% |
0.50% |
Monthly |
| Non-qualified balances |
0.25% |
0.25% |
Monthly |
3.01% APY is paid on balances up to $25,000; 0.50% APY paid on additional amounts above $25,000. If requirements are not met, ATM fees will not be refunded and an interest rate of 0.25% APY will apply for that statement cycle. Rates may increase or decrease without notice. Fees may reduce earnings. Ask us for details. $150 penalty if MBT High Interest Performance Checking Account closes within 180 days from opening. MBT High Interest Performance Checking is only available for personal accounts – no business or corporate accounts. Bank rules and regulations apply. |
| Free Checking Plus Interest |
| Compounded |
Min. Bal. |
Rate |
APY |
| Monthly |
$50.00 |
0.10% |
0.10% |
|
| Vintage 50 |
| Compounded |
Balance to Avoid Fee |
Rate |
APY |
| Daily |
$1,000 |
0.15% |
0.15% |
|
| NOW Account |
| Compounded |
Bal. to Avoid Fees |
Rate |
APY |
| Monthly |
$1,500 |
0.10% |
0.10% |
|
| Certificate of Deposit |
| Type |
Min. to Open |
Rate |
APY |
| 7-31 Day |
$2,500 |
0.15% |
0.15% |
| 32 - 89 Day |
$1,000 |
0.20% |
0.20% |
| 3 month |
$1,000 |
0.30% |
0.30% |
| 6 month |
$1,000 |
0.40% |
0.40% |
| 1 Year |
$1,000 |
0.75% |
0.75% |
| 1.5 Year |
$1,000 |
1.00% |
1.00% |
| 2, 2.5 Year |
$1,000 |
1.29% |
1.30% |
| 3, 3.5 Year |
$1,000 |
1.74% |
1.75% |
| 4 Year |
$1,000 |
2.72% |
2.75% |
| 5 Year |
$1,000 |
2.97% |
3.01% |
| 3, 3.5 Year Vintage |
$1,000 |
1.84% |
1.86% |
| 4 Year Vintage |
$1,000 |
2.82% |
2.86% |
| 5 Year Vintage |
$1,000 |
3.06% |
3.10% |
| 25 Month Rate Hike |
$1,000 |
1.24% |
1.25% |
The above are interest-bearing accounts. The interest rate and Annual Percentage Yield (APY) will not change and will be in effect until this account matures. Interest begins to accrue on the business day of your deposit for either cash or non-cash items. Your account will mature in the length of time selected at account opening. Withdrawals before maturity date are subject to penalty. Withdrawals will reduce earnings. Consult your MBT Banker regarding penalty amounts based upon length of maturity. It is the reader's responsibility to confirm or verify any rates, fees or penalties with the Bank by contacting the Customer Service Center at 734-241-3431 or 800-321-0032, or online at www.mbandt.com by completing and submitting the Contact Us form, which may be accessed from any website page. |
| Money Market |
| Type |
Rate |
APY |
Compounded |
| Balance Less than $10,000 |
0.15% |
0.15% |
Daily |
| Balance $10,000 to $24,999.99 |
0.25% |
0.25% |
Daily |
| Balance $25,000 to $49,999.99 |
0.35% |
0.35% |
Daily |
| Balance $50,000 to $99,999.99 |
0.50% |
0.50% |
Daily |
| Balance $100,000 to $499,999.99 |
0.65% |
0.65% |
Daily |
| Balance $500,000 or more |
0.75% |
0.75% |
Daily |
Money Market Accounts are interest-bearing accounts. The minimum deposit to open an account and obtain the APY is $100. Interest is compounded daily. The Annual Percentage Yields (APY) and Interest Rates may change at any time and without prior notice, including after account opening. APYs shown apply to only individual and joint consumer accounts. A maintenance fee of $10 will be charged for every statement cycle the account falls below $1,500. Other fees may apply for transaction and withdrawals. See Application Disclosure for details. It is the reader's responsibility to confirm or verify any rates or fees with the Bank by contacting the Customer Service Center at 800-321-0032, or online at www.mbandt.com by completing and submitting the Contact Us form which may be accessed from any website page. |
| Savings Accounts |
| Type |
Min. to Open |
Rate |
APY |
Compounded |
| Passbook Savings |
$100 |
0.15% |
0.15% |
Quarterly |
| Statement Savings |
$100 |
0.15% |
0.15% |
Daily |
|
| IRA |
| Type |
Min. to Open |
Rate |
APY |
| 18 Month Fixed |
$0.00 |
1.00% |
1.01% |
| 18 Month Variable |
$0.00 |
0.75% |
0.75% |
| 36 Month Fixed |
$0.00 |
2.47% |
2.50% |
| 36 Month Variable |
$0.00 |
1.73% |
1.75% |
| 48 Month Fixed |
$0.00 |
2.71% |
2.75% |
| 60 Month Fixed |
$0.00 |
2.96% |
3.00% |
| 30 Month Roth Fixed |
$0.00 |
1.49% |
1.50% |
| 30 Month Roth Variable |
$0.00 |
1.24% |
1.25% |
| 48 Month Roth Fixed |
$0.00 |
2.71% |
2.75% |
| 60 Month Roth Fixed |
$0.00 |
2.96% |
3.00% |
| 18 Month Education Fixed |
$0.00 |
1.00% |
1.01% |
| 18 Month Education Variable |
$0.00 |
0.75% |
0.75% |
| 36 Month Education Fixed |
$0.00 |
2.47% |
2.50% |
| 36 Month Educational Variable |
$0.00 |
1.73% |
1.75% |
| 48 Month Education Fixed |
$0.00 |
2.71% |
2.75% |
| 9 Month Fixed |
$0.00 |
1.00% |
1.01% |
| 9 Month Roth Fixed |
$0.00 |
1.00% |
1.01% |
|
|
|
|
|
|