Mount Vernon Bank & Trust can help make sure your future is a positive one with our savings solutions:
- Savings Accounts - the cornerstone of any savings plan
- Certificates of Deposit (CDs) - a reliable tool for helping your money grow securely
- Individual Retirement Accounts (IRAs and ROTH IRAs)- it’s never too early to start thinking about retirement
Savings Account Comparison
| Regular Savings | Money Market | Money Market Plus | |
|---|---|---|---|
| Minimum Opening Deposit | Regular Savings $25 | Money Market $2,500 | Money Market Plus $50,000 |
| Fees, Requirements and Benefits | Regular Savings Eighteen free transfers or withdrawals per quarter* A $0.65 fee per each transaction over 18 fee will apply; $3.00 quarterly service charge if average balance falls below $25; interest credited quarterly; variable interest rate. (*During any month you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized transfer or telephone order, instruction, computer transfer, or by check, draft, debit card or similar order to a third party.) | Money Market Six free transfers or withdrawals per month*; interest paid monthly when account balance above $1,000; $5.00 service charge if account balance falls below $500 (*During any month you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized transfer or telephone order, instruction, computer transfer, or by check, draft, debit card or similar order to a third party.) | Money Market Plus Six free transfers or withdrawals per month*; interest paid monthly when account balance above $10,000; $5.00 service charge if account balance falls below $500 (*During any month you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized transfer or telephone order, instruction, computer transfer, or by check, draft, debit card or similar order to a third party.) |
You can check current rates for our accounts here.
Youth Accounts
View the details of our Kids Count Savings and Young Savers CD accounts here.
Certificate of Deposit (CD)
A certificate of deposit, or CD, is a secure way to put money away for the future while helping it grow. We offer a wide selection of CDs from three to 48 months in length at competitive rates. Minimum balances for CDs vary based on the term of the certificate.
For more information about Mount Vernon Bank & Trust’s CD options, contact us today. You can also see current rates here.
Individual Retirement Accounts (IRAs)
IRAs are effective tools designed to save for retirement in order to live the lifestyle you want. While traditional and Roth IRAs each come with unique benefits, both offer you a way to save for the future.
If you have any questions about IRAs available through Mount Vernon Bank & Trust Company, our knowledgeable customer service representatives can help.
