Compare Savings and CDs

Products
Select up to 3 products to compare
Certificates of Deposit (CDs)
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MB Savings Account
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Money Market Account
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Best account if you need
A fixed interest rate and a variety of terms to fit your savings needs.1 An interest-bearing account for day-to-day savings needs.2 A way to set aside money for the future that can be accessed as needed.3
Interest-earning
Yes Yes Yes
Minimum opening deposit
$1,000 $50 $50
Check-writing privileges

No

No

Yes4
MB Debit Mastercard®5

No

Eligible

Eligible
24-hour access to Phone Access Line (PAL)
Yes Yes Yes
Free online banking
Yes Yes Yes
Monthly service charge waived?

There is no monthly service charge on CD accounts. 

Yes, when you maintain a $200 minimum daily balance in this account. Otherwise, there is a monthly service charge of $3. Yes, when you maintain a minimum daily balance of $2,500. Or Maintain a $5,000 average daily balance. Otherwise, there is a monthly service charge of $15.6
certificates of deposit
Best account if you need
A fixed interest rate and a variety of terms to fit your savings needs.1
Interest-earning
Yes
Minimum opening deposit
$1,000
Check-writing privileges

No

MB Debit Mastercard®5

No

24-hour access to Phone Access Line (PAL)
Yes
Free online banking
Yes
Monthly service charge waived?

There is no monthly service charge on CD accounts. 

mb savings account
Best account if you need
An interest-bearing account for day-to-day savings needs.2
Interest-earning
Yes
Minimum opening deposit
$50
Check-writing privileges

No

MB Debit Mastercard®5

Eligible

24-hour access to Phone Access Line (PAL)
Yes
Free online banking
Yes
Monthly service charge waived?
Yes, when you maintain a $200 minimum daily balance in this account. Otherwise, there is a monthly service charge of $3.
money market account
Best account if you need
A way to set aside money for the future that can be accessed as needed.3
Interest-earning
Yes
Minimum opening deposit
$50
Check-writing privileges
Yes4
MB Debit Mastercard®5
Eligible
24-hour access to Phone Access Line (PAL)
Yes
Free online banking
Yes
Monthly service charge waived?
Yes, when you maintain a minimum daily balance of $2,500. Or Maintain a $5,000 average daily balance. Otherwise, there is a monthly service charge of $15.6
  1. Penalties apply for early withdrawal. Fees may reduce earnings. Please refer to the Personal Banking Customer Fee Schedule (PDF). Minimum $1,000 to open.
  2. 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 $50 to open, minimum $0.01 to earn interest. Interest is compounded and credited quarterly. 
  3. 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 $50 to open, minimum to earn interest is $2,500.  Interest is compounded and credited monthly.
  4. Make up to 6 withdrawals for free per month. Excess activity fee of $25 per withdrawal thereafter applies. 
  5. MB Debit Mastercard® available only to qualified account holders.
  6. The period we use to calculate your monthly average balance is your monthly statement cycle.