Deposit Accounts

MBL Bank offers several options to meet your deposit account needs. Plus, we make it easy to move your current checking account to MBL Bank by offering a convenient Switch Kit. Our Switch Kit provides a step-by-step checklist and forms to help make your transition to a new MBL account quick and hassle-free. Download the Switch Kit below and bring in the completed forms, or visit with an MBL Bank Customer Service Representative, who can assist you with this process.

 

CHECKING 

Gold Checking

  • $100 minimum opening deposit
  • Age 55 and over
  • Complimentary basic checks
  • No service charge
  • Unlimited transactions
  • Monthly statement with check images
  • Debit card available

Community Checking

  • $100 minimum opening deposit
  • $7 service charge waived on balances over $500
  • Unlimited transactions
  • Monthly statement with check images
  • Debit card available

Money Market Checking

  • $2,500 minimum opening deposit
  • $7 service charge waived on balances over $500
  • Balances over $2,500 are paid interest monthly
  • Some transactions limited to six within statement period
  • Monthly statement with check images
  • Current rates available upon request

Advantage Checking

  • $25,000 minimum opening deposit
  • $7 service charge waived on balances over $500
  • Balances over $25,000 are paid interest monthly
  • Some transactions limited to six within statement period
  • Monthly statement with check images
  • Current rates available upon request

Business Checking

  • $100 minimum opening deposit
  • $10 service charge waived on balances over $500
  • Unlimited transactions
  • Monthly statement with check images
  • Debit card available

Student Checking

  • $100 minimum opening deposit
  • Age 22 & under with current student ID
  • No service charge
  • Unlimited transactions
  • Monthly statement with check images
  • Debit card available

NOW Checking

  • $1,000 minimum opening deposit
  • $7 service charge waived on balance over $500
  • Balances over $1,000 are paid interest monthly
  • Account holder limitations
  • Unlimited transactions
  • Monthly statement with check images
  • Debit card available
  • Current rates available upon request

Savings and CD/IRA Accounts

Progressive Savings

  • $100 minimum opening deposit
  • No service charge
  • Interest is compounded daily and credited quarterly
  • Some transactions limited to six within statement period
  • Interest paid on minimum balance of $25.00 or more
  • Current rates available upon request

Certificates of Deposit/Individual Retirement Accounts

  • $1,000 minimum opening deposit
  • Maturity options available
  • Substantial penalty for early withdrawal
  • "Bump rate" option available on select 60-month CD
  • Current rates available upon request

For questions or concerns, please contact us.