Savings Accounts
At MNB, we have a variety of savings options for you to maximize your liquidity and allow your money to grow for you. With most of our options, interest rates are tiered, so the more you save, the more interest you earn.
Our Money Market Savings is our basic savings account with a twist. If your balance is less than $2500, it will serve as a basic savings account. When your balances grow, the rates are tiered so you’ll earn more interest.
· Tier 1 - $0.00 - $2,499.99
· Tier 2 - $2,500.00 - $9,999.99
· Tier 3 - $10,000.00 - $24,999.99
· Tier 4 - $25,000.00 - $49,999.99
· Tier 5 - $50,000.00 and greater
This plan is designed to help you plan for your holiday season spending by offering a higher rate of return than you will typically find with a regular savings plan. The plan is designed to have regular deposits made either by pre-set transfers from another account or by making in-person deposits.
In early to mid-October, we’ll send you a check including the interest you earned or deposit your funds to another account with our bank. The plan just continues for the following year.
This high yielding plan is designed for those who want liquidity, security, convenience and the ability to earn a rate of return that is competitive with leading, national brokerage firms. Balances greater than $25,000 and $50,000 earn the highest returns.
This plan also offers the unique ability to write up to 3 checks per month on your balance. This helps to provide easy access to your funds.
A Health Savings Account (HSA) is an account established exclusively to help you save for and pay for qualifying medical expenses for you, your spouse and your dependents tax-free. An HSA must be accompanied by a qualifying health insurance plan.
Contributions can be made by you, your employer, or both. Contributions can also be made by someone on your behalf. Funds can be spent each year or carried over for future medical expenses. You will never lose the funds!