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Deposit Rates
Please see below for a list of current rates. You may also contact MBT at 734-241-3431 or 800-321-0032 for more detailed information. here
| Checking Accounts |
| Type |
Minimum Deposit to Open |
Rate |
APY |
Interest Compounded |
| NOW Account |
$1,500 |
0.15% |
0.15% |
Monthly |
| Free Checking Plus Interest |
N/A |
0.15% |
0.15% |
Monthly |
| Vintage 50 |
$1,000 |
0.15% |
0.15% |
Daily |
|
| MBT Performance Checking |
| Term |
Rate |
APY |
Compounding Frequency |
| Qualified balances up to $25,000 |
3.45% |
3.51% |
Monthly |
| Qualified balances over $25,000.01 |
0.75% |
0.75% |
Monthly |
| Non-qualified balances |
0.25% |
0.25% |
Monthly |
Rates displayed above may change at any time and without advance notice, including after account opening. It is the reader’s responsibility to verify rates with an MBT branch. All products and services are subject to Bank approval. APY = Annual Percentage Yield. Certain conditions do apply. Please go to our MBT Ultra High Interest Performance Checking page for details.
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| Savings Accounts |
| Type |
Minimum Deposit to Open |
Rate |
APY |
Interest Compounded |
| Passbook Savings |
$100 |
0.15% |
0.15% |
Quarterly |
| Statement Savings |
$100 |
0.15% |
0.15% |
Daily |
|
| Certificate of Deposit |
| Type |
Minimum Deposit to Open |
Rate |
APY |
| 7-31 Day |
$2,500 |
0.25% |
0.25% |
| 32 - 89 Day |
$1,000 |
0.50% |
0.50% |
| 3 month |
$1,000 |
0.75% |
0.75% |
| 6 month |
$1,000 |
1.00% |
1.00% |
| 1 Year |
$1,000 |
1.49% |
1.50% |
| 1.5 Year |
$1,000 |
1.99% |
2.01% |
| 2, 2.5 Year |
$1,000 |
2.48% |
2.51% |
| 3, 3.5 Year |
$1,000 |
2.97% |
3.01% |
| 4 Year |
$1,000 |
3.46% |
3.52% |
| 5 Year |
$1,000 |
3.94% |
4.01% |
| 3, 3.5 Year Vintage |
$1,000 |
3.06% |
3.10% |
| 4 Year Vintage |
$1,000 |
3.55% |
3.61% |
| 5 Year Vintage |
$1,000 |
4.04% |
4.12% |
| 25 Month Rate Hike |
$1,000 |
1.99% |
2.01% |
| 150 Week (35 Month) |
$1,000 |
3.94% |
4.00% |
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| Individual Retirement Accounts |
| Type |
Minimum Deposit to Open |
Rate |
APY |
Interest Payments |
| 18 Month Fixed |
$0.00 |
1.98% |
2.00% |
Monthly |
| 18 Month Variable |
$0.00 |
1.49% |
1.50% |
Monthly |
| 36 Month Fixed |
$0.00 |
2.47% |
2.50% |
Monthly |
| 36 Month Variable |
$0.00 |
1.98% |
2.00% |
Monthly |
| 48 Month Fixed |
$0.00 |
2.71% |
2.75% |
Monthly |
| 60 Month Fixed |
$0.00 |
2.96% |
3.00% |
Monthly |
| 30 Month Roth Fixed |
$0.00 |
2.23% |
2.25% |
Monthly |
| 30 Month Roth Variable |
$0.00 |
1.73% |
1.75% |
Monthly |
| 48 Month Roth Fixed |
$0.00 |
2.71% |
2.75% |
Monthly |
| 60 Month Roth Fixed |
$0.00 |
2.96% |
3.00% |
Monthly |
| 18 Month Education Fixed |
$0.00 |
1.98% |
2.00% |
Monthly |
| 18 Month Education Variable |
$0.00 |
1.49% |
1.50% |
Monthly |
| 36 Month Education Fixed |
$0.00 |
2.47% |
2.50% |
Monthly |
| 36 Month Educational Variable |
$0.00 |
1.98% |
2.00% |
Monthly |
| 48 Month Education Fixed |
$0.00 |
2.71% |
2.75% |
Monthly |
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| Money Market Plus |
| Type |
Rate |
APY |
Interest Compounded |
| Balance Less than $10,000 |
0.25% |
0.25% |
Daily |
| Balance $10,000 to $24,999.99 |
0.50% |
0.50% |
Daily |
| Balance $25,000 to $49,999.99 |
0.75% |
0.75% |
Daily |
| Balance $50,000 to $99,999.99 |
1.00% |
1.01% |
Daily |
| Balance $100,000 to $499,999.99 |
1.24% |
1.25% |
Daily |
| Balance $500,000 or more |
1.49% |
1.50% |
Daily |
Certificates of Deposit (CD)& Individual Retirement Accounts (IRA): The Annual Percentage Yields (APY) are effective as of December 30, 2008 at 9:00 AM EST and are subject to change at any time and without prior notice until account opening. APYs shown apply to only individual and joint consumer accounts. There may be penalties for early withdrawal. Consult your tax advisor. It is the reader's responsibility to confirm or verify any rates with the Bank by contacting the Customer Service Center at 800-321-0032 or online at www.mbandt.com by completing and submitting the Contact Us form which may be accessed from any website page.
Additional information for IRA's: There may be additional Internal Revenue Service penalties for early withdrawal. Consult your tax advisor.
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