Checking, Savings, & CD Rates

Home Personal Banking MBT Bank Weekly Rate Sheet

CHECKING ACCOUNTS

         
    MINIMUM BALANCE INTEREST RATE APY
Performance Checking - Tiered Balances   $500 0.02 0.02
    $2,500 0.02 0.02
         
Ultra Checking     1.00 1.00
        Ultra Checking for Balances Over $15,000     0.10 0.10
        Ultra Checking - Non Qualifying     0.01 0.01

Ultra Checking: Minimum balance to open $100.00.  Interest will be compounded monthly and will be credited to your account monthly. Interest rates and annual percentage yields are variable and subject to change daily.  Qualifications must be met monthly to receive the higher rate of interest. Performance Checking: Minimum balance to open $500.00.  A minimum balance charge of $10 if daily balance falls below $500 will be assessed.  (Excluding applicable taxes.)  Interest will be compounded monthly and will be credited to your account monthly. Interest rates and annual percentage yields are variable and subject to change daily.  Fees could reduce your earnings.

 

SAVINGS ACCOUNTS

           
    MINIMUM BALANCE INTEREST RATE APY  
Regular Savings Account   $100 0.02 0.02  
           
High Performance Savings Account - Tiered Balances   $1,000 0.02 0.02  
    $2,500 0.02 0.02  
    $10,000 0.02 0.02  
    $25,000 0.05 0.05  
    $50,000 0.10 0.10  
           
Money Market Deposit Account - Tiered Balances   $2,500 0.01 0.01  
    $10,000 0.05 0.05  
    $25,000 0.05 0.05  
    $50,000 0.10 0.10  
    $75,000 0.15 0.15  
    $100,000 0.20 0.20  
    $250,000 0.25 0.25  

Savings: Minimum balance to open $100.00.  A minimum balance charge of $3 monthly if daily balance falls below $100 will be assessed.  (Excluding applicable taxes.)  Interest will be compounded monthly and will be credited to your account monthly. Interest rates and annual percentage yields are variable and subject to change daily.  Fees could reduce your earnings. High Performance Savings: Minimum balance to open $1,000.00.   A minimum balance charge of $10 monthly if daily balance falls below $1,000 will be assessed.  (Excluding applicable taxes.) Interest will be compounded monthly and will be credited to your account monthly. Interest rates and annual percentage yields are variable and subject to change daily.  Fees could reduce your earnings. Money Market: Minimum balance to open $2,500.00.   A minimum balance charge of $10 monthly if daily balance falls below $2,500 will be assessed.  (Excluding applicable taxes.) Interest will be compounded monthly and will be credited to your account monthly. Interest rates and annual percentage yields are variable and subject to change daily.  Fees could reduce your earnings.

 

SAVERS CD and KIDS CLUB SAVERS

       
Minimum  12mo 36mo     Minimum 12mo 36mo
$25.00 0.08 0.25     $25,000 0.20 0.50
APY 0.08 0.25     APY 0.20 0.50
               
$2,500 0.10 0.25     $50,000 0.30 0.55
APY 0.10 0.25     APY 0.30 0.55
               
$10,000 0.15 0.40     $100,000 0.40 0.70
APY 0.15 0.40     APY 0.40 0.70

Minimum balance to open is $25.00.  Interest will be compounded semi-annually and credited to the account semi-annually and at maturity.   We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.  Interest begins to accrue on the business day you deposit non-cash items (for example, checks).  A withdrawal and or fees could reduce earnings on these accounts.  The annual percentage yield assumes interest will remain on deposit until maturity date.  Substantial penalty for early withdrawal based upon term of CD.

 

CERTIFICATES of DEPOSIT

          IRA IRA IRA HSA
  6 mo 12mo 24mo 36mo 48mo 60mo 12mo 24mo 36mo 12mo
MINIMUM                    
$2,500 0.05 0.10 0.15 0.25 0.30 0.40 0.35 0.45 0.55 0.35
APY 0.05 0.10 0.15 0.25 0.30 0.40 0.35 0.45 0.55 0.35
                     
$10,000 0.05 0.15 0.30 0.40 0.60 0.80 0.60 0.90 1.05 0.55
APY 0.05 0.15 0.30 0.40 0.60 0.80 0.60 0.90 1.05 0.55
                     
$25,000 0.10 0.20 0.35 0.50 0.70 0.90 0.70 1.00 1.15 0.65
APY  0.10 0.20 0.35 0.50 0.70 0.90 0.70 1.00 1.15 0.65
                     
$50,000 .0.15 0.30 0.45 0.55 0.80 0.95 0.75 1.05 1.20 0.70
APY .0.15 0.30 0.45 0.55 0.80 0.95 0.75 1.05 1.20 0.70
                     
$100,000 .0.20 0.40 0.55 0.70 0.90 1.05 0.90 1.15 1.30 0.85
APY .0.20 0.40 0.55 0.70 0.90 1.05 0.90 1.15 1.30 0.85

Minimum balance to open is $2,500.  Interest will be compounded semi-annually and credited to the account semi-annually and at maturity.   We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.  Interest begins to accrue on the business day you deposit non-cash items (for example, checks).  A withdrawal and or fees could reduce earnings on these accounts.  The annual percentage yield assumes interest will remain on deposit until maturity date.  Substantial penalty for early withdrawal based upon term of CD.

 

Effective Date - August 30, 2016