MB Savings Account

Earn interest while enjoying convenient access to your money.footnote

Ready to apply? Questions?

Apply NowVisit a Branch

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

Perfect for

Those who’d like an interest-bearing account for day-to-day savings needs.


  • Earn interest while you save
  • Link to your MB checking account to help cover overdrafts
  • Up to 4 free withdrawals per month
  • Set up automatic transfers from your MB checking account and watch your savings grow
  • Balances in this account help you meet the minimum balance requirements to avoid monthly service charges for MB Classic Checking and MB Signature Checking


  • Free Internet banking
  • 24-hour access to Phone Access Line (PAL)
  • Your choice of e-statements, paper statements or passbook

What's next?

View Details Apply Now

Interest rates

Minimum $50 to open, quarterly compounding

Interest rates
Balance Interest rate APY*
Below $2,500 0.030% 0.03%
$2,500 - $24,999.99 0.030% 0.03%
$25,000 and over 0.030% 0.03%

* Annual Percentage Yields (APY) are current as of 02/05/2016

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Things to know

MB Statement and Passbook savings accounts are free from monthly service charges when you maintain a $200 minimum daily balance. Otherwise, there is a monthly service charge of $3 per month.

  • Minimum to open is $50
  • Minimum to earn interest is $1
  • Interest is compounded and credited quarterly

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 an interest-bearing account for day-to-day needs.

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. 

What's next?

Apply NowQuestions?

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

Find a branch or ATM

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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). Transaction limits apply. Back to top