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Money Market Plus
The convenience and liquidity of a checking account and the investment power of a high-yield savings account. With Monroe Bank & Trust’s Money Market Plus, you’ll get both… and plenty more!
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.
- No monthly maintenance or transaction fees with a $2000 minimum balance and when you meet transaction requirements.
- Tiered interest rates depending on balance levels.
- Interest earned on all funds on deposit.
- Unlimited teller transactions.
- Limited check access.
- Interest compounded daily.
- Up to 6 pre-authorized transactions per month. All 6 may be third-party checks.
- Monthly account statement.
- Unlimited use of MBT’s 7-24 Banker ATMs.
- Access to personal contact with the “MBTeam”.
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Related Links
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Current Rates
| Money Market Plus |
| Type |
Rate |
APY |
Interest Compounded |
| Balance Less than $10,000 |
0.15% |
0.15% |
Daily |
| Balance $10,000 to $24,999.99 |
0.25% |
0.25% |
Daily |
| Balance $25,000 to $49,999.99 |
0.35% |
0.35% |
Daily |
| Balance $50,000 to $99,999.99 |
0.50% |
0.50% |
Daily |
| Balance $100,000 to $499,999.99 |
0.65% |
0.65% |
Daily |
| Balance $500,000 or more |
0.75% |
0.75% |
Daily |
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“Best of Both Worlds” Banking
Designed for customers who typically maintain a higher savings balance, an MBT Money Market Plus account allows you to maximize your income by earning interest on all funds on deposit – at competitive rates compounded daily.
But what really makes MBT’s Money Market Plus Account special is the tiered interest rates that increase with your balance. So, the more you save, the greater your return!
In addition to the great savings potential, Money Market Plus lets you enjoy many of the conveniences of our checking accounts, including unlimited in-person withdrawals, up to six pre-authorized transactions per month, and immediate access to your account information through our free eLink Internet and PhoneLink telephone banking.
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Money Market Accounts Rates: The above is an interest bearing account. The minimum deposit to open an account and obtain the APY is $100. Interest is compounded daily. The Annual Percentage Yields (APY) and Interest Rates may change at any time and without prior notice, including after account opening. APYs shown apply to only individual and joint consumer accounts. A maintenance fee of $10 will be charged for every statement cycle the account falls below $2000. Other fees may apply for transaction and withdrawals. See Application Disclosure for details. While every effort is made to publish current rates and fees, it is the reader's responsibility to confirm or verify any rates or fees with the Bank by contacting the Customer Service Center at 800-321-0032, or online at www.mbandt.com by completing and submitting the Contact Us form which may be accessed from any website page. |
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