Personal Banking - Savings
A personal savings account is an excellent way to set aside money for a special occasion or to accumulate funds for one of our other higher-yield accounts. At Monroe County Bank, you do not need a lot of money to open a savings account.
Personal Savings Contact
Us
Monroe County Bank’s Basic Savings account is a good way to
start a savings program. With an opening deposit of $200, you receive:
- NO service charge if a minimum balance of $200 is maintained
- (6) Six free withdrawals per quarter; otherwise, $1 per withdrawal
- Interest paid quarterly
Rainbow Savings Contact
Us
Designed for those under 18 with a low $5 opening deposit,
this account allows children to receive:
- NO service charge
- Interest
- $1 withdrawal fee
IRAs Contact
Us
A Monroe County Bank Individual Retirement Account (IRA) is a tax-deferred savings plan with a wide range of maturities. You may put your IRA funds in the following:
- Certificate of Deposit IRA with maturities from 18 months to 60 months and a $1,000 opening deposit
- Variable Rate IRA with an 18 month maturity and a $200 opening deposit
MoneyMarket - Personal Contact
Us
Our MoneyMarket account pays interest and offers the
customer the flexibility to make six (6) debits/transfers of which (6) can be
checks during a monthly statement cycle. Earn market rates with a low opening
deposit of $2,500 and receive the following benefits:
- The moneymarket of interest is paid monthly based on the daily balance.
- NO service charge if you maintain a minimum balance of $2,500; otherwise, $7/month
- $2.00 fee on each debit over six (6) in a month
- Visa CheckCard (subject to approval)
- Current MoneyMarket Rates