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MNB offers a choice of savings plans, including a special Minor's Savings Account designed for children of customers that want their youngsters to learn good saving habits.

Century Two Savings
Money Market Savings Ready Money Savings
Minor Savings Time Deposits


Century Two Savings
(For Personal or Business Savings Accounts)

Truth in Savings does not apply to Business Account.
Click here to view our brochure.

Rate Information: Your interest rate and annual percentage yield may change.
Frequency of Rate Changes: We may change the interest rate on your account at any time.
Determination of Rate: At our discretion, we may change the interest rate on your account.
Compounding and Crediting Frequency: Interest will be compounded every month. Interest will be credited to your account every month.
Minimum balance to open the account: You must deposit $50,000.00 to open this account.
Minimum Balance to Avoid Imposition of Fees: A service charge fee of $25.00 will be imposed every statement cycle if the balance in the account falls below $50,000.00 any day of the cycle.
Minimum Balance to Obtain the Annual Percentage Yield Disclosed: You must maintain a minimum average daily balance of $50,000.00 to obtain the disclosed annual percentage yield. The average collected balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.
Average Collected Balance Computation Method: We use the average collected balance method to calculate the interest on your account. This method applies a periodic rate to the average collected balance in the account for the period. The average collected balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.
Accrual of Interest on Noncash Deposits: Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Transaction Limitations: Transfers from a Century II Savings account to to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to two per monthly statement cycle with no transfers by check, draft, debit card, or similar order to third parties.


Money Market Savings

A savings account paying an interest rate reflecting competitive market conditions which is usually higher than the interest rate on Ready Money Savings. A good choice for you if you don't plan to write many checks on it. Account is accesses by check but has a limit on the number of such withdrawals.

Rate Information: Your interest rate and annual percentage yield may change.
Frequency of Rate Change: We may change the interest rate on your account at any time.
Determination of Rate: At our discretion, we may change the interest rate on your account.
Compounding and Crediting Frequency: Interest will be compounded every month. Interest will be credited to your account every month.
Minimum balance to open the account: You must deposit $2,500.00 to open this account.
Minimum Balance to Avoid Imposition of Fees: A service charge fee of $10.00 will be imposed each monthly statement cycle if the average collected balance for the monthly statement cycle falls below $2,500.00. The average collected balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
Average Collected Balance Computation Method: We use the average collected balance method to calculate the interest on your account. This method applies a periodic rate to the average collected balance in the account for the period. The average collected balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.
Accrual of Interest on Noncash Deposits: Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Transaction Limitations: Transfers from a Money Market Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per monthly statement cycle with no more than three by check, draft, debit card, or similar order to third parties.
Fees: A per item fee of $15.00 will be charged for each debit in excess of three during a statement cycle.


Ready Money Savings

An easy to open, interest-bearing account that makes it simple to save for individuals, joint account owners, and certain organizations and business entities. This savings account allows unlimited withdrawals.

Rate Information: Your interest rate and annual percentage yield may change.
Frequency of Rate Change: We may change the interest rate on your account at any time.
Determination of Rate: At our discretion, we may change the interest rate on your account.
Compounding and Crediting Frequency: Interest will be compounded every month. Interest will be credited to your account every month.
Minimum balance to open the account: You must deposit $250.00 to open this account.
Minimum Balance to Avoid Imposition of Fees: A service charge fee of $3.50 will be imposed each monthly statement cycle if the average collected balance for the monthly statement cycle falls below $250.00. The average collected balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
Average Collected Balance Computation Method: We use the average collected balance method to calculate the interest on your account. This method applies a periodic rate to the average collected balance in the account for the period. The average collected balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.
Accrual of Interest on Noncash Deposits: Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Transaction Limitations: Withdrawals or other transfers from a Ready Money Savings account to another account or to third parties are limited to two per month.
Fees: A per item fee of $2.00 will be charged for each debit in excess of two during a statement cycle.


Minor Savings

A savings account which is designated exclusively for individuals age seventeen and younger and is the ideal vehicle for developing good savings habits early in life.

Rate Information: Your interest rate and annual percentage yield may change.
Frequency of Rate Change: We may change the interest rate on your account at any time.
Determination of Rate: At our discretion, we may change the interest rate on your account.
Compounding and Crediting Frequency: Interest will be compounded every month. Interest will be credited to your account every month.
Average Collected Balance Computation Method: We use the average collected balance method to calculate the interest on your account. This method applies a periodic rate to the average collected balance in the account for the period. The average collected balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.
Accrual of Interest on Noncash Deposits: Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Transaction Limitations: Withdrawals or other transfers from a Minor Savings account to another account or to third parties are limited to two per month.
Fees: A per item fee of $2.00 will be charged for each debit in excess of two during a month.


Time Deposits

MNB also offers the following Time Deposit services.

  • Certificate of Deposit (CD)
  • Individual Retirement Account (IRA)
 
     
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