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Money Market Plus

The convenience and liquidity of a checking account and the investment power of a high-yield savings account. With Monroe Bank & Trust’s Money Market Plus, you’ll get both… and plenty more!

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Features and Benefits

  • Free eLink Internet Banking and online bill pay allows you to pay bills and check your funds from your home or office.
  • Free automated telephone service.
  • No monthly maintenance or transaction fees with a $2000 minimum balance and when you meet transaction requirements. 
  • Tiered interest rates depending on balance levels.
  • Interest earned on all funds on deposit. 
  • Unlimited teller transactions.
  • Limited check access.
  • Interest compounded daily.
  • Up to 6 pre-authorized transactions per month. All 6 may be third-party checks.
  • Monthly account statement.
  • Unlimited use of MBT’s 7-24 Banker ATMs. 
  • Access to personal contact with the “MBTeam”.

Current Rates

Money Market Plus
Type Rate APY Interest Compounded
Balance Less than $10,000 0.02% 0.02% Daily
Balance $10,000 to $24,999.99 0.05% 0.05% Daily
Balance $25,000 to $49,999.99 0.08% 0.08% Daily
Balance $50,000 to $99,999.99 0.10% 0.10% Daily
Balance $100,000 to $499,999.99 0.12% 0.12% Daily
Balance $500,000 or more 0.15% 0.15% Daily
APY = Annual Percentage Yield. Rates current as of  April 22, 2014. The above is an interest bearing account. The minimum deposit to open an account is $100. Interest is compounded daily. The 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 $15 will be charged for every statement cycle the account falls below $5000. Fees may reduce earnings. While every effort is made to publish current rates and fees, it is the reader's responsibility to confirm or verify any rates or fees with the Bank by visiting any branch, contacting the Customer Service Center at 800-321-0032, or by completing and submitting the Contact Us form, which may be accessed from any website page.

 

 

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