Earn our best interest rate on checking balances of $1 to $10,000!*
MB Red Checking is a high performance checking account that offers a substantial interest rate. You get:
To earn our best rate on checking*:
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Use your MB Debit MasterCard, and sign for at least 15 purchases each monthly statement cycle, and
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Make a monthly direct deposit or automatic ACH payment of at least $250, and
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Enroll in e-statements
Get even more value from MB Red Checking when you:
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Enroll in MB's My Bank...My Rewards program to earn points for using your MB Debit MasterCard**
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Maintain a $2,000 average balance each statement cycle to avoid an $11.95 monthly service charge*
Apply Online or stop by your local banking center to open your account.
*For current Annual Percentage Yields (APY) on Red Checking see current Deposit Account Rates. This is a variable rate, tiered product and the rate is subject to change at any time. To obtain the maximum rate, the following account requirements must be met every monthly statement cycle: 1)At least 15 signature-based debit card transactions must post totaling at least $200; 2) monthly e-statement delivery; 3) monthly ACH deposit or payment of at least $250.00. If all account requirements are not met the entire account balance will pay a base rate disclosed in the current Deposit Account Rates. Must maintain a minimum average balance for the monthly statement cycle period of $2,000 or more, or a $11.95 monthly service fee will be charged. Interest will be paid on two tiers: 1) $0.01 to $10,000.00, and 2) $10,000.01 and over, resulting in a blended APY. Interest is compounded and paid monthly based on the account balance which results in a blended rate. Debit card available to qualified account holders. Personal accounts only. This offer is available only to new MB Checking account customers who live within our IL, IN or PA service areas. Minimum balance to open a checking account is $50. Other fees and restrictions may apply; fees may reduce earnings. We reserve the sole discretionary right to refuse to open an account or close an existing account for any reason.
**See MB's My Bank...My Rewards Program rules for complete details.