Personal Savings
Get on your way to reaching your goals.
Personal Savings
Get on your way to reaching your goals.
Personal Savings
Statement Savings
The more you save now, the more options you will have when it comes to making large purchases or planning for life ahead.
Features
• Open with $100 deposit
Account Fees*
• $6 monthly maintenance fee can be waived by maintaining a $200 minimum daily balance
*Other fees may apply
Golden Years
Let your life experience work in your favor, with this low-cost savings account intended for those 55 and older.
Features
• Open with $25 deposit
Account Fees*
• $3 monthly maintenance fee can be waived by maintaining a $200 minimum daily balance
*Other fees may apply
Holiday Savings
Get yourself in the holiday spirit all year long. Save the same amount every time, or vary amounts throughout the year.
Features
• Open with $25 deposit
• No monthy maintenance fees*
• No minimum balance requirements
• Automatic disbursements1
*Other fees may apply
Youth Savings
It’s never too early to get in the habit of saving. So we created this low-cost account specifically for those 21 and younger.
Features
• Open with $25 deposit
• No monthy maintenance fees*
• $100 minimum daily balance to earn interest
*Other fees may apply
1. An M&F Bank checking account or alternate M&F Bank savings account is required to open a Holiday Savings account. Holiday savings disbursements will automatically be deposited into your M&F account annually on or about October 17th.
Money Market
Earn interest at money market rates and provides you the ability to withdraw funds when necessary.
Features
• Open with $1000 deposit
Account Fees*
• $12/$14 monthly maintenance fee can be waived by maintaining a $5,000 minimum daily balance
• $2,500 minimum daily balance to earn interest
*Other fees may apply
Certificate of Deposit (CD)
Combine flexibility and security, with a guaranteed interest rate and a fixed term.
Features
• Open with $1000 deposit
• Fixed rate of return for the entire term7
• Terms from 3 months to 5 years
• Investment principal is protected
• Automatic renewal available
*Other fees may apply. Substantial penalty for early withdrawal.
IRA
Save securely for retirement while deferring taxes until you access your money, once you meet age 59½.
Features
• Open with $1000 deposit
• Variety of fixed rate investment options available
• No start-up or annual fees*
• Detailed quarterly statements
• Automatic renewal available
• Some or all of your IRA contributions may be tax deductible.*
*Other fees may apply. Substantial penalty for early withdrawal. Please consult your tax advisor.
HSA Accounts
We’re in a prime position to offer Health Savings accounts (HSAs) to individuals, Third Party Administrators (TPAs), agents, brokers and employers. With lower fees, a wide selection of service options, and our experience with custodial accounts, M&F Bank offers clear advantages over other HSA providers.
Access your money no matter where you are.
M&F Bank customers have free access to 44,000 ATMs
nationwide.
Access your money no matter where you are.
Free access to 44,000 ATMs nationwide.
