Money Market & Savings Accounts
Premium Money Market Account
Minimum Deposit to Open Account |
$5,000.00 |
Minimum Balance to Avoid Monthly Charges |
$5,000.00 |
Monthly Charge if Balance Below Minimum |
$ 15.00 |
Withdrawal Restrictions* |
6 per month. |
Excess Withdrawal/Transfer Charge, each |
$ 10.00 |
Minimum Balance to Earn Interest |
$5,000.00 |
* Federal regulations impose a limitation of no more than 6 transfers and withdrawals, or a combination of such transfers and withdrawals, per monthly cycle from the account to another depository account at Mutual Savings Bank or to a third party by means of a pre-authorized or automatic transfer or telephone (including data transmission) agreement, order or instruction and, no more than three of the six such transfers/withdrawals may be made by check or draft, or similar device payable to a third party on Money Market Deposit Accounts and Savings Accounts
Savings
Passbook or Statement Account
Minimum Deposit to Open Account |
$ 300.00 |
Minimum Balance to Avoid Monthly Charges |
$ 300.00 |
Monthly Charge if Balance Below Minimum |
$ 15.00 |
Withdrawal Restrictions* |
6 per month. |
Excess Withdrawal/Transfer Charge, each |
$ 10.00 |
Minimum Balance to Earn Interest |
$ 300.00 |
Special Savings
Minimum Deposit to Open Account |
$ 50.00 |
Minimum Balance to Avoid Monthly Charges |
$ 50.00 |
Monthly Charge if Balance Below Minimum |
$ 15.00 |
Minimum Balance to Earn Interest |
$ 300.00 |
Excess Withdrawal/Transfer Charge, each |
$ 5.00 |
Withdrawal Restrictions* |
6 per month. |
Available only to not-for-profit entities and organizations, children under 18 and adults over 65.
Christmas Club
Minimum Deposit to Open Account |
$ 50.00 |
Minimum Balance to Avoid Monthly Charges |
$ 50.00 |
Monthly Charge if Balance Below Minimum |
$ 7.00 |
Withdrawal between Nov. 1 and Dec. 31 |
No charge |
Withdrawal between Jan. 1 and Oct. 31 |
$ 3.00 each |
Minimum Balance to Earn Interest |
$ 50.00 |
Withdrawal Restrictions* |
6 per month. |
* Federal regulations impose a limitation of no more than 6 transfers and withdrawals, or a combination of such transfers and withdrawals, per monthly cycle from the account to another depository account at Mutual Savings Bank or to a third party by means of a pre-authorized or automatic transfer or telephone (including data transmission) agreement, order or instruction and, no more than three of the six such transfers/withdrawals may be made by check or draft, or similar device payable to a third party on Money Market Deposit Accounts and Savings Accounts