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M&F Bank offers a wide variety of Savings Accounts to fit your individual needs. These accounts include IRA savings accounts, Christmas savings accounts, and children's savings accounts. We also offer a regular savings account for those not wanting a specialty account.
Open a personal savings account with a minimum deposit of $100 and start earning interest right away. There are no monthly fees unless your balance falls below $300. With the M&F Interest Partner, you’ll earn a premium interest rate on balances as low as $10,000, while receiving a wide variety of added services such as Free Internet Banking, Free Debit MasterCard, discounts and special rates on additional products and so much more. Open your IRA account with a minimum deposit of only $100. Interest is compounded and credited annually on balances as low as $100. This type of account is an easy way to start saving for the Christmas season. It can be opened with any deposit and will earn interest on any balance. Each account is allowed 2 withdrawals or debits per year at no charge. Teach your children the fun of saving with this account. It can be opened with a deposit of $25.00 and will earn interest as long as this balance is obtained. There is no service charge. After the account has been opened for 90 days, on the child's birthday, he or she will receive a redemption coupon for $5.00 to deposit into his or her account. A checking account that acts like a savings account. Earn interest on as little as $1,000 and the account will only be charged fees if balances fall below $1,000. Certain withdrawal restrictions apply to all money market accounts. If you maintain a higher balance in your checking account and want to earn premium rates on the balance then this account is right for you. The account can be opened and maintained with $2,500.00 and will only incur monthly fees if the balance falls below $10,000. Interest is tiered for different balance levels. |
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