Savings, CDs and IRAs

Home Personal Savings, CDs and IRAs

The future; it can be a cause for concern or something to look forward to. 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)- 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, Requirments and Benefits
    • Regular Savings18 free transfers or withdrawals per quarter*; $3.00 quarterly service charge if average balance falls below $25; ATM card available; interest credited quarterly; variable interest rate
       
    • 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
    • Money Market PlusSix 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

You can check current rates for our accounts rates.

*Limit of six (6) transfers or withdrawals per month by pre-authorized, automatic, online, telephone, check, draft, debit card or similar order to third parties.

Kids Count Savings

Get your kids started down the road to financial success early with the Kids Count Savings account. Designed to help children up to age 13 learn good financial habits, your child is also invited to various social and educational events. Account requirements and benefits include:

  • $5.00 opening deposit
  • Kids Count Savings bag given to each new member
  • 18 free transfers or withdrawals per quarter*
  • Interest credited quarterly
  • Bonus coupons given with each deposit of $1.00 or more to be redeemed for prizes (limit one per week)

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 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.

You can also view current IRA rates here.