SAVINGS ACCOUNT INTEREST RATES AND COMPUTATION
Savings account interest rates and annual percentage yields appear on our Rate Chart which can be viewed here on the web site or by calling or visiting any of our Branch locations. Please see our Interest Computation Method for the method used to calculate interest.
PERSONAL SAVINGS ACCOUNT
Minimum opening deposit is $100. Interest is compounded and credited to the account quarterly. This account allows 4 debits (withdrawals) during a 3 month period (quarter) without charge.
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MINIMUM DAILY BALANCE
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QUARTERLY BALANCE REQUIREMENT FEE
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COST PER DEBIT
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$750 and over
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None
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None
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$300 to $750
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None
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$3.00
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Under $300
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$9.00
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$3.00
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COMBINED STATEMENT SAVINGS*
Minimum opening deposit is $100. Interest is compounded and credited to the account monthly. Your savings account is combined with a checking account of your choice so that it conveniently appears on the same statement as the checking account. This account allows 2 debits (withdrawals) during a month without charge. With a Combined Statement Savings account you can also attach this account to an ATM or Visa Check card as a secondary account. This would allow you to withdraw from your Savings account at any ATM machine and do transfers.
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MINIMUM DAILY BALANCE
|
QUARTERLY BALANCE REQUIREMENT FEE
|
COST PER DEBIT
|
|
$750 and over
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None
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None
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$300 to $750
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None
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$3.00
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Under $300
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$3.00
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$3.00
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MINOR SAVINGS
Minimum opening deposit is $25. This account is specifically for individuals under the age of 18. There is no balance requirement fee for this account. However, all other fees and balance requirements as described for Personal Savings accounts apply.
BUSINESS SAVINGS
Minimum opening deposit is $100. Interest is compounded and credited to the account quarterly. This account allows 4 debits (withdrawals during a 3 month period (quarter) without charge.
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MINIMUM DAILY BALANCE
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QUARTERLY BALANCE REQUIREMENT FEE
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COST PER DEBIT
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$1,000 and over
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None
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None
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Under $1,000
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$9.00
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$3.00
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*M&S Bank reserves the right to require a withdrawal notice period of at least 7 days for any of its  savings accounts products. |
