Let us help you save for all the important things in life. Whether you’re saving for a new home, a dream vacation, or retirement, MCB has an account to fit your needs.
| Account Type | Statement Savings | Prime Investment Account | Sprout® Account | Holiday Club | Vacation Club |
|---|---|---|---|---|---|
Account Type Benefits | Statement Savings Pay yourself first with our standard savings account. | Prime Investment Account Ideal for anyone who wants higher interest and access to their funds. | Sprout® Account Good savings habits begin early. With our passbook style account, kids can actively be involved and watch their money grow. Learn More About our Sprout® Account! | Holiday Club Love the holidays but hate the bills? Our Holiday Club might be your answer...Use your holiday club savings account to save throughout the year, then you can shop without the worries of how to pay for it all. Our Holiday Club accounts pay out in September. Ask about having your check direct deposited into your MCB checking account! | Vacation Club Plan now for your dream vacation by making small deposits throughout the year. Our Vacation Club accounts pay out in May. Ask about having your check direct deposited into your MCB checking account! |
Account Type Opening Deposit | Statement Savings $100.00 | Prime Investment Account $5,000.00 | Sprout® Account $10.00 | Holiday Club $25.00 | Vacation Club $25.00 |
Account Type Minimum to Earn Interest | Statement Savings $100.00 Average daily balance, interest pays quarterly | Prime Investment Account $1,000.00 Average daily balance or if a $25,000.00 balance is maintained, a premium rate is available, interest pays monthly | Sprout® Account No minimum balance required, interest pays quarterly | Holiday Club No minimum balance required, interest pays at maturity | Vacation Club No minimum balance required, interest pays at maturity |
Account Type Transaction Limitations | Statement Savings Unlimited | Prime Investment Account Unlimited | Sprout® Account No internal transfers | Holiday Club Additional deposits of at least $2.00, if a withdrawal is made within the first 6 days of account opening at least a seven day interest penalty applies, one withdrawal of principal may be made on the seventh day after opening but prior to maturity date without penalty with advance notice for processing. | Vacation Club Additional deposits of at least $2.00, if a withdrawal is made within the first 6 days of account opening at least a seven day interest penalty applies, one withdrawal of principal may be made on the seventh day after opening but prior to maturity date without penalty with advance notice for processing. |
Account Type Minimum balance to avoid fees | Statement Savings $100.00 average daily balance during the monthly statement cycle | Prime Investment Account $1,000.00 average daily balance during the monthly statement cycle | Sprout® Account No minimum balance if under 21 years of age | Holiday Club No minimum balance | Vacation Club No minimum balance |
*The MCB App is free to download. Your mobile carrier may charge access fees depending upon your individual plan. Web access is needed to use the Mobile Banking App. Check with your carriers for specific fees and charges. Message and data rates may apply.
