Deposit Rates

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Please see below for a list of current rates.  You may also contact the MBT Customer Service Center at 800-321-0032 for more detailed information. 

CURRENT RATES

All deposit account rates below are accurate as of June 23, 2015 at 9:00 AM EST and are subject to change without prior notice. APYs shown apply to only individual and joint consumer accounts. Member FDIC.

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NOW Account

Compounded Bal. to Avoid Fees Rate APY
Monthly $1,500 0.05% 0.05%
APY = Annual Percentage Yield. Rates current as of January 12, 2016. 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.

 

Certificate of Deposit

Type Min. to Open Rate APY
7-31 Day $2,500 0.05% 0.05%
32 - 89 Day $1,000 0.05% 0.05%
3 month $1,000 0.05% 0.05%
6 month $1,000 0.10% 0.10%
1 Year $1,000 0.15% 0.15%
1.5 Year $1,000 0.15% 0.15%
2, 2.5 Year $1,000 0.20% 0.20%
3, 3.5 Year $1,000 0.35% 0.35%
4 Year $1,000 0.50% 0.50%
5 Year $1,000 1.55% 1.56%
3, 3.5 Year Vintage $1,000 0.45% 0.45%
4 Year Vintage $1,000 0.60% 0.60%
5 Year Vintage $1,000 1.65% 1.66%
25 Month Rate Hike $1,000 0.15% 0.15%
APY = Annual Percentage Yield. Rates current as of January 12, 2016. The above are interest-bearing accounts. The interest rate and APY is subject to change without prior notice until account opening.  APY at account opening 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. A $25.00 Early Redemption Fee will also apply. Withdrawals will reduce earnings. Consult your MBT Banker regarding penalty amounts based upon length of maturity. Deposits at or over $100,000 may qualify for a jumbo rate. It is the reader's responsibility to confirm or verify any rates, fees or penalties with the Bank by visiting any branch, contacting the Customer Service Center at 800-321-0032, or by completing and submitting the Contact Us form, which may be accessed from any website page.

 

Money Market Plus

Type Rate APY Interest Compounded
Balance Less than $10,000 0.02% 0.02% Daily
Balance $10,000 to $24,999.99 0.03% 0.03% Daily
Balance $25,000 to $49,999.99 0.05% 0.05% Daily
Balance $50,000 to $99,999.99 0.08% 0.08% Daily
Balance $100,000 to $499,999.99 0.10% 0.10% Daily
Balance $500,000 or more 0.12% 0.12% Daily
APY = Annual Percentage Yield. Rates current as of January 12, 2016. The above is an interest bearing account. The minimum deposit to open an account is $100. Interest is compounded daily. The APY and Interest Rates may change at any time and without prior notice, including after account opening. APYs shown apply to only individual and joint consumer accounts. A maintenance fee of $10 will be charged for every statement cycle the account falls below $2000. Fees may reduce earnings. While every effort is made to publish current rates and fees, it is the reader's responsibility to confirm or verify any rates or fees with the Bank by visiting any branch, contacting the Customer Service Center at 800-321-0032, or by completing and submitting the Contact Us form, which may be accessed from any website page.



Savings Accounts

Type Minimum Deposit to Open Rate APY Interest Compounded
Statement Savings $1 0.05% 0.05% Daily
APY = Annual Percentage Yield. Rates current as of January 12, 2016.  Rates displayed above may change at any time and without advance notice. It is the reader’s responsibility o verify rates with an MBT branch. All products and services are subject to Bank approval. Fees could reduce the earnings on the account.



IRA

Type Min. to Open Rate APY
9 Month Fixed $0.00 0.10% 0.10%
18 Month Fixed $0.00 0.15% 0.15%
18 Month Variable $0.00 0.05% 0.05%
36 Month Fixed $0.00 0.35% 0.35%
36 Month Variable $0.00 0.20% 0.20%
48 Month Fixed $0.00 0.50% 0.50%
60 Month Fixed $0.00 1.55% 1.56%
9 Month Roth Fixed $0.00 0.10% 0.10%
30 Month Roth Fixed $0.00 0.20% 0.20%
30 Month Roth Variable $0.00 0.10% 0.10%
48 Month Roth Fixed $0.00 0.50% 0.50%
60 Month Roth Fixed $0.00 1.55% 1.56%
18 Month Education Fixed $0.00 0.15% 0.15%
18 Month Education Variable $0.00 0.05% 0.05%
36 Month Education Fixed $0.00 0.35% 0.35%
36 Month Educational Variable $0.00 0.20% 0.20%
48 Month Education Fixed $0.00 0.50% 0.50%
APY = Annual Percentage Yield. Rates current as of January 12, 2016. Rates displayed above may change at any time and without advance notice. A penalty will be imposed for early withdrawal. It is the reader’s responsibility to verify rates with an MBT branch. All products and services are subject to Bank approval. There may be additional IRS penalties for early withdrawal from an IRA account. Consult your tax advisor.



MBT Smart Checking

Term Rate APY Compounding Frequency
Qualified balances up to $50,000 0.10% 0.10% Monthly
Qualified balances over $50,000.01 0.05% 0.05% Monthly
Non-qualified balances 0.01% 0.01% Monthly

APY = Annual Percentage Yield. Rates current as of January 12, 2016. If you use your debit card at least 15 times each month, and have Direct Deposit or make two or more automatic bill payments your account will earn interest and you will receive up to $10.00 in ATM fees refunded each month. .10% APY is paid on balances up to $50,000, and .05 % APY is paid on additional amounts above $50,000 when requirements are met. Interest is compounded monthly. If requirements are not met, ATM fees will not be refunded and an interest rate of 0.01% APY will apply to the entire account balance for that statement cycle. Rates may increase or decrease without notice. Fees may reduce earnings. $150 penalty if account is closed within 180 days from opening. Debit card transactions must post to the account by the end of the statement cycle to meet criteria.

Non-banking benefits* are available to joint account holders (unless otherwise noted). Non-banking benefits* are not available to a "signer", “custodian”, “rep payee” or "beneficiary" of the account who is not an account owner, businesses and their employees, clubs and/or churches and their members, schools and their employees/students. SOME BENEFITS DO REQUIRE REGISTRATION AND ACTIVATION.

IDProtect® service* is a personal identity theft protection service available to account owner(s) and joint account owner(s). Service is not available to a "signer" on the account who is not an account owner. Service is not available to businesses and their employees, clubs and/or churches and their members, schools and their employees/students.

Identity Theft Insurance* underwritten by insurance company subsidiaries or affiliates of American International Group, Inc. (AIG). Please refer to the actual policies for terms, conditions, and exclusions of coverage. Coverage may not be available in all jurisdictions. Description of Coverage will be included at account opening.

Information regarding this benefit* will be provided at account opening.

Plateau Insurance Company of Crossville, TN. will be our Accidental Death & Dismemberment Insurance* underwriter. For questions regarding claims or your coverage, call 1-866-210-0361 Description of Coverage will be included at account opening.

Paper statement option ‐ $3.00 per statement fee.

A $7.00 inactivity fee for MBT Online Bill payment applies if the account goes unused for 30 days. The fee stops on the next billing cycle if online bill pay is resumed.

Mobile Banking is a free service from MBT. However, you may be charged access rates depending on your carrier. Web access is needed to use Mobile Banking. Check with your service provider for details on specific fees and charges.

* Insurance products are not insured by FDIC or any Federal Government Agency; not a deposit of or guaranteed by the bank or any bank affiliate.

 

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