Personal Banking

Many people only think of banks in terms of the services that they provide. Perhaps the most valuable service a bank has to offer its customers is the benefit of its knowledge and experience in money management matters, that's why we call it personal banking. At MCB we pride ourselves in taking care of each and every customer by offering accounts for every stage of your life.

From specialty checking accounts, to savings options, to loan services, MCB provides the service and expertise you expect in handling all your banking needs.

Checking

At MCB, we pride ourselves in taking care of each and every customer. That's why we offer a variety of checking accounts for every stage of your life.

	MCB Regular Checking	MCB NOW Account
Description	A low cost checking account.	An interest bearing checking account with a low minimum balance.
Minimum Balance to Open	$0	$500
Monthly Service Charge	$0	$500.00 minimum daily balance is required to obtain the disclosed annual percentage yield. If your balance falls below $500.00 on any given day in the statement cycle your account will be subject to a $3.00 service charge¹ for that statement cycle. The interest is calculated by the daily balance computation method² and compounded and credited into the account monthly.
Rates	NA	Rates are tiered based on the following balances $500.00 -$24,999.99 $25,000.00-$74,999.99 $75,000.00 and above
Features	Unlimited Check Writing Debit Card Online Banking Image Statements Mobile Banking E-Statements	Unlimited Check Writing Debit Card Online Banking Image Statements Mobile Banking E-Statements

¹ Fees may reduce earnings. Please contact a Personal Banker for current tier and rate information.

² Daily Balance Computation Method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.

If you close your account before interest is paid, you will not receive the accrued interest.

Savings

Whether you are saving for a rainy day or for retirement we have a savings product to help you achieve your goals.

	MCB Passbook Savings	MCB MMDA
Description	A traditional savings account.	An interest bearing checking account with a low minimum balance.
Minimum Deposit to Open	$1	$1,000
Minimum Daily Balance	$0	$1,000.00 minimum daily balance is required to obtain the disclosed annual percentage yield. If your balance falls below $1,000.00 on any day in the statement cycle, your account will be subject to a $15.00 service charge² for that statement cycle. Interest is calculated by the daily balance method.³
Interest	Interest compounded semiannually, interest will be credited into this account semiannually. Interest is calculated by the daily balance computation method¹ Rates are tiered based on the following balances $0.00 - $24,999.99 $25,000.00 - $74,999.99 $75,000.00 and above	Interest compounded monthly, interest will be credited into this account monthly. Rates are tiered based on the following balances $1000.00 - $24,999.99 $25,000.00 - $74,999.99 $75,000.00 and above
Features	Online Banking Mobile Banking E-Statements If you have a checking account, you will receive a savings account statement monthly with your checking account statement. You will get a monthly account statement from us for your savings account(s), unless there are no transfers in a particular month. In any case, you will get a statement at least quarterly. Limitations on frequency of transfers – During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instructions, or by check, draft, debit card or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the financial institution.	Online Banking Mobile Banking E-Statements Image Statements Limitations on frequency of transfers – During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instructions, or by check, draft, debit card or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the financial institution.

¹ Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

² Fees may reduce earnings. Please contact a Personal Banker for current tier & rate information.

³ Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.

Certificates of Deposit

CD’s reward you with higher interest rates than savings accounts.

Minimum balance of $100 to open a CD
Interest compounded quarterly (with the exception of the 6 month CD interest compounds semiannually)
Various options to choose from – 3 months to 48 months
Automatic renewals
Interest payment options – by check, transfer to checking/savings, or added to the CD
Penalties may apply for early withdrawal

Cornerstone of the Community

Personal Banking

Checking

Savings

Certificates of Deposit

IRA Accounts

Savings Bonds