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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
(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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