Money Market Account

Help your money grow with convenient access to your funds.footnote

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Call us at 1.888.i bank mb  (1.888.422.6562) or contact us.

Perfect for

Those who want to set aside money for the future that can be accessed as needed.

Benefits

  • Earn interest while you save
  • Set up automatic transfers from your MB checking account and watch your savings grow
  • Make up to 6 free transfers or withdrawals per month
  • Access your funds by check
  • Balances in this account help you meet the minimum balance requirements to avoid monthly service charges for MB Classic Checking and MB Signature Checking

Features

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Interest rates

Minimum $50 to open, monthly compounding

Interest rates
Balance Interest rate APY*
Below $2,500 0.000% 0.00%
$2,500 - $24,999.99 0.010% 0.01%
$25,000 - $99,999.99 0.050% 0.05%
$100,000 - $249,999.99 0.050% 0.05%
$250,000 - $999,999.99 0.100% 0.10%
$1,000,000 and over 0.100% 0.10%

* Annual Percentage Yields (APY) are current as of 04/18/2014

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Things to know

  • Avoid monthly service charges when you maintain a $2,500 daily balance or a $5,000 average balance for the monthly statement cycle, otherwise there is a monthly fee of $15
  • Interest is compounded and credited monthly
  • Minimum to open is $50

Transaction requirements/limitations

  • Up to 6 transfers/withdrawals per month; after that a $25 per item fee applies
  • Unlimited ATM or teller-assisted withdrawals

What's next?

How to Apply Apply Now

MB Red Checking. A high-performance checking account. Learn more.

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This product could be right for you if

You’d like to build savings, earn interest, and have access to your money.

Apply online

Our online application takes about 10 minutes to complete.

If you're already an MB customer, you can open a new account by logging in to ibankmb.com.

If you’re opening a joint account, be sure to have all the information for the other applicant on hand.

Apply in person

Stop by one of our convenient banking centers located throughout Chicagoland and we’ll be happy to help you open your new MB account. Be sure to bring a government-issued ID and your Social Security number.

What's next?

Apply NowQuestions?

Call us at 1.888.i bank mb (1.888.422.6562) or contact us.

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1 Variable rate tiered account. Rate subject to change at any time without notice. Fees may reduce earnings. Please refer to the Personal Banking Customer Fee Schedule (PDF).   Minimum to earn interest is $2,500. Transaction limits apply. Back to top

2 MB Debit MasterCard® available only to qualified account holders. Back to top