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Personal Account Information

CHECKING ACCOUNT OPTIONS AT A GLANCE1

 
MCB Value Checking
MCB Interest Checking2
New York Basic
Account Features
Simple and convenient checking, with no minimum balance requirement and easy access to your money

Interest bearing checking, with tiered earning options and money saving features

Simple and convenient checking, with no minimum balance requirement and easy access to your money. Available for New York residents only.

Minimum Opening Balance
$50

$100

$25

Earns Interest

√ Tiered

 

Monthly Service Charges/Fees
None with Online eStatements, monthly Direct Deposit, or 4 or more monthly Check Card transactions per statement cycle; otherwise $57

Waived with $2,500 minimum average balance for the statement cycle; otherwise $15

$3 per month, $0.50 per check in excess of 8

Minimum Daily Balance to Collect Disclosed APY
 

$100

 

Compounding and Crediting Method
 

Monthly

 

Additional Features

• Free ATM Banking Access and Transactions at MCB or Presto! (Publix) locations
• Free Visa® Check Card with Visa Extras †
• Free Online Banking and Bill Pay
• Free eStatement
• Free Online Check Images
• Overdraft Protection available through savings, money market and line of credit
• Free check starter set
• Unlimited check writing (not applicable for New York Basic accounts)

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SAVINGS ACCOUNTS OPTIONS AT A GLANCE1

 
MCB Savings2,3
MCB Money Market2,3
Certificates of Deposit4
Individual Retirement Accounts
Account Features
Interest bearing account with access to your funds

Interest bearing account with higher returns and access to your funds

Guarenteed fixed rates with flexible terms from 30 days to 60 months5

Traditional and Roth; CD products available

Minimum Opening Balance
$50

$100

$1,000

$1,000

Earns Interest

√ Tiered

√ Tiered

Monthly Service Charges/Fees
Waived with $300 minimum average balance for the quarter; or a linked MCB Checking Account with the same Visa Check Card; otherwise $157

Waived with $5,000 minimum average balance for the statement cycle; or $25,000 combined average balance for the statement cycle (excluding credit card balances); otherwise $257

N/A

N/A

Excess or Early Withdrawal/Transfer Fee
 $3 per withdrawal or transfer in excess of 6 per quarter

$10 per withdrawal or transfer in excess of 6 per statement cycle

CDs are for a fixed amount for a fixed term. Early withdrawal penalties apply4

Standard IRS withdrawal rules apply. Early withdrawal penalties apply6

Minimum Daily Balance to Collect Disclosed APY
 $50

$100

Refer to rate chart provided at account opening

Refer to rate chart provided at account opening

Compounding and Crediting Method
Quarterly

Monthly

1 or 2 Month: Monthly;
3 Month: Monthly
or Maturity;
6 Month: Monthly, Quarterly or Maturity;
1 -5 Year: Monthly, Quarterly or
Semi-Annually

Semi-Annually

Additional Features

• Free ATM  Banking Access and   Transactions at MCB or Presto!
  (Publix) locations
• Free Visa® Check Card
• Free Online Banking

• Free Online Banking

• Free Quarterly
  eStatements
  (Monthly with
  EFT transactions)

• Free Monthly
  eStatements
• Free Online
  Check Images
• Free check
  starter set
• 6 checks per
  statement
  cycle3

1 For additional fees related to these accounts, please refer to our Miscellaneous Service Fee schedule. Applicant must be a citizen or resident alien of the United States (U.S.) who is at least 18 years old with a valid U.S. taxpayer identification number.

With the exception of time deposits, a fee of $32 may be imposed for covering overdrafts created by checks, in-person withdrawals, internal debits and transfers, ATM withdrawals or other electronic means. Interest also may be charged on the overdraft balance if applicable.

2 At our discretion, we may change the interest rate and the annual percentage yield on the account at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). If you close your account before interest is credited, you will not receive the accrued interest. We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day.

3 You may make no more than six preauthorized withdrawals, preauthorized transfers for overdraft protection, automatic or telephone transfers, checks, drafts, and debit card or other similar transactions from your account per month.

4 Early withdrawal penalties apply to CDs. For additional fees related to these accounts, please refer to our Miscellaneous Service Fees schedule. Interest begins to accrue on the business day we receive credit for the deposit of non-cash items. You may not make deposits into or withdrawals from your account until the maturity date. Automatic renewal; you will have 10 calendar days after maturity to withdraw funds without penalty.

5 Additional information on terms available can be found on Rate Chart-Personal Savings Accounts.

6 Interest begins to accrue on the business day we receive credit for the deposit of non-cash items. Automatic renewal, 10 calendar days after maturity to withdraw funds without penalty.

7 The service charge will be waived until October 1, 2010; the service charges will continue to be waived after this date if one or more waiver requirements is satisfied.

Earn points toward great rewards for all qualifying purchases††you make with your enrolled Visa Check Card. Learn more at www.visaextras.com. Visa Extras is available for domestic accounts only.

†† Qualifying Purchase is any signature-based purchase, Internet purchase, phone or mail-order purchase or automatic bill payment made with an enrolled Visa card, that is processed or submitted through the Visa U.S.A. Inc. transaction processing system. You must sign for all in-store purchases you make with an enrolled Visa card in order for such purchases to be deemed qualifying purchases.
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Rev.: February, 2010 | Back to Top

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