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Statement Savings

Whether saving for a short-term solution, or packing away for a major purchase, an MBT Statement Savings account earns interest on all your funds, and it‘s compounded daily for truly “smart” savings that will grow faster to meet your goals.

 

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.
  • FDIC Insured up to $250,000.
  • Interest compounded daily.
  • Checking and savings combined into one convenient statement.
  • Low $100 minimum balance to avoid fees.
  • Unlimited use of MBT’s 7-24 Banker ATMs.
  • Access to personal contact with the “MBTeam”.

Current Rates

Savings Accounts
Type Minimum Deposit to Open Rate APY Interest Compounded
Passbook Savings $100 0.05% 0.05% Quarterly
Statement Savings $100 0.05% 0.05% Daily
APY = Annual Percentage Yield. Rates current as of April 15, 2014.  Rates displayed above may change at any time and without advance notice. It is the reader’s responsibility to verify rates with an MBT branch. All products and services are subject to Bank approval. Fees could reduce the earnings on the account.

 

Take A Smart Approach to Saving

Nowadays, it’s not enough to just save money. You have to save “smart.”  We can help you do just that with a Monroe Bank & Trust Statement Savings account. Interest is compounded daily and at a competitive rate, so you’ll save more, faster.  

Plus, you’ll still have the convenience of easy access to your account through MBT’s 7-24 Banker ATMs, and free eLink Internet and PhoneLink telephone banking. Best of all, a Statement Savings account can be opened for as little as $100!  

MBT’s dedicated staff can personally handle all the details, like deducting money monthly from your checking account and putting it in your Statement Savings account. It’s our MBTeam way of banking.

 

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