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 |
|
|
Earns Interest |
|
|
|
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 |
|
|
|
Compounding and Crediting Method |
|
|
|
|
• 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)
|
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 |
|
|
|
Earns Interest |
√ |
|
|
|
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
|
|
|
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 |
|
Refer to rate chart provided at
account opening
|
Refer to rate chart provided at account opening
|
Compounding and Crediting Method |
Quarterly |
|
1 or 2 Month: Monthly;
3 Month: Monthly
or Maturity;
6 Month: Monthly, Quarterly or Maturity;
1 -5 Year: Monthly, Quarterly or
Semi-Annually |
|
|
• Free ATM Banking Access and Transactions at MCB or Presto!
(Publix) locations
• Free Visa® Check Card
• 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.
Rev.: February, 2010 | Back to Top
|
