|
|
 |
|
|
|
|
|
|
Certificates of Deposit
Make your money work harder for you. Whether short- or long-term, small or large investments, a Monroe Bank & Trust Certificate of Deposit (CD) offers you the performance, power and options you need to grow your finances.
Features and Benefits
- Competitive rates.
- Low initial deposit - often only $1,000 minimum to open.*
- Flexible terms from 7 days to 5 years.
- Interest can be added to your certificate and compounded, paid by check, or deposited directly to your MBT account.
- Over 49? Ask how you can earn an even higher interest rate on your CD with Vintage 50 account.
- Ask about the Rate Hike CD that allows a one-time rate increase.
|
|
Current Rates
| Certificate of Deposit |
| CD Type |
Current Rate |
APY |
| 7-31 Day |
0.15% |
0.15% |
| 32 - 89 Day |
0.20% |
0.20% |
| 3 month |
0.30% |
0.30% |
| 6 month |
0.40% |
0.40% |
| 1 Year |
1.00% |
1.00% |
| 1.5 Year |
1.24% |
1.25% |
| 2, 2.5 Year |
1.64% |
1.65% |
| 3, 3.5 Year |
1.89% |
1.91% |
| 4 Year |
2.08% |
2.10% |
| 5 Year |
2.28% |
2.30% |
| 3, 3.5 Year Vintage |
1.99% |
2.01% |
| 4 Year Vintage |
2.18% |
2.20% |
| 5 Year Vintage |
2.38% |
2.41% |
| 25 Month Rate Hike |
1.24% |
1.25% |
Certificates of Deposit Rates: The Annual Percentage Yield (APY) is subject to change without prior notice until account opening. APYs shown apply to only individual and joint consumer accounts. A penalty is imposed for early withdrawal. See Disclosure below. Jumbo CD option earns higher interest for amounts that are $100,000 or greater. Rates current as of May 11, 2010. |
|
Guaranteed Choices
Get higher, guaranteed rates with an MBT Certificate of Deposit. If you have funds that can be invested for a length of time, you can take advantage of significant savings power. With maturity dates from one week to 5 years, you’ll earn high rates that are determined weekly, based on market conditions and the term of your CD.
MBT CDs offer a variety of payment options. You can receive the interest at maturity for terms of less than one year, or monthly, quarterly, semi-annually or annually. You also have the flexibility to have earned interest added to your CD, paid by check or directly deposited to another MBT account.
Guarantee your financial performance. Open the MBT CD that best suits your needs today.
|
The above are interest bearing accounts. The interest rate and Annual Percentage Yield (APY) will not change and will be in effect until this account matures. Interest begins to accrue on the business day of your deposit for either cash or non-cash items. Your account will mature in the length of time selected at account opening. Withdrawals before maturity date are subject to penalty. Withdrawals will reduce earnings. Consult your MBT Banker regarding penalty amounts based upon length of maturity. *Certain certificates require minimum deposits of $2500 or $5000 to open; contact an MBT representative for more details.
While every effort is made to publish current rates and fees, it is the reader's responsibility to confirm or verify any rates, fees or penalties with the Bank by contacting the Customer Service Center at 734-241-3431 or 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. |
|
|
|
|