Blossom Account

The best of both worlds. Enjoy a fixed rate like a CD, but add to it like a savings account.footnote

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

Perfect for

Those who like the fixed rate of a CD combined with the flexibility to add money at any time.

Benefits

  • No monthly service charge
  • Set aside savings for a future event
  • Choose from a variety of terms so your savings are available when you need them
  • Automatic transfers from your checking account make it easy to keep your savings plan on track
  • 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

  • 24-hour access to Phone Access Line (PAL)

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Interest rates

Minimum $25 to open, quarterly compounding, $25,000 deposit maximum

Interest rates
Term Interest rate APY*
12 months 0.150% 0.15%
18 months 0.150% 0.15%
24 months 0.300% 0.30%
30 months 0.300% 0.30%
36 months 0.399% 0.40%

* Annual Percentage Yields (APY) are current as of 09/02/2016

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Things to know

  • Minimum to open is $25
  • No monthly service charge
  • Terms available range from 12-36 months
  • A minimum monthly transfer of $25 from an MB checking account or an MB savings account is required
  • Interest is compounded and credited quarterly
  • Withdrawals may not be made before the account’s maturity date
  • Blossom is a single maturity CD and therefore will not automatically renew.

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1 Penalty for early withdrawal. Fees may reduce earnings. Please refer to the Personal Banking Customer Fee Schedule (PDF). Back to top