Savings Accounts

M&F Bank can help you find the savings account that’s right for you, your family and your life today — from CD’s to Money Markets that offer long-term convenience, and security.

Even more important, we’ll work closely with you to make sure that even as your needs change, you’ll have established a banking relationship you can count on for years to come.

Several accounts to choose from that fit your need.

Compare Accounts Below

STATEMENT SAVINGSW
The more you save now, the more options you will have when it comes to making large purchases or planning for life ahead.


• $100 minimum to open
• $100 minimum balance to earn interest
• $200 minimum daily balance to waive maintenance fee; otherwise: $6 maintenance fee per statement cycle
• Three preauthorized transactions per month at no charge; $2 excessive withdrawal fee for each transaction over three; up to six total preauthorized withdrawals, automatic or telephonic transfers, checks, drafts and debit card or other similar transactions from your account per month or statement cycle
• Unlimited teller transactions
• No Fee ATM Card
• Unlimited access to M&F Bank ATMs
• 24 hour account information with DIRECT ACCESS
• Free Online Banking and Bill Pay with MFBonline

GOLDEN YEARSW
Let your life experience work in your favor, with this low-cost savings account intended for those 55 and older.


• $25 minimum to open
• $100 minimum balance to earn interest
• $200 minimum daily balance to waive maintenance fee; otherwise: $3 maintenance fee per statement cycle
• Three preauthorized transactions per month at no charge; $2 excessive withdrawal fee for each transaction over three; up to six total preauthorized withdrawals, automatic or telephonic transfers, checks, drafts and debit card or other similar transactions from your account per month or statement cycle
• Unlimited teller transactions
• No Fee ATM Card
• Unlimited access to M&F Bank ATMs
• 24 hour account information with DIRECT ACCESS
• Free Online Banking and Bill Pay with MFBonline

CHRISTMAS CLUBW
Get yourself in the holiday spirit all year long. Save the same amount every time, or vary amounts throughout the year.


• $25 minimum to open
• No maintenance fee
• Flexible savings options
• Non-interest bearing

YOUTH SAVINGSW
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.


• $25 minimum to open
• $100 minimum balance to earn interest
• No maintenance fee
• Three preauthorized transactions per month at no charge; $2 excessive withdrawal fee for each transaction over three; up to six total preauthorized withdrawals, automatic or telephonic transfers, checks, drafts and debit card or other similar transactions from your account per month or statement cycle
• Unlimited teller transactions
• No Fee ATM Card
• Unlimited access to M&F Bank ATMs
• 24-hour account information

PERSONAL MONEY MARKET ACCOUNTW
Make your money work harder. This limited transaction account offers interest at money market rates and provides you the ability to withdraw funds when necessary. Low maintenance fee with full account benefits. Check the features and benefits below and open an account today.


• $1,000 minimum to open
• Monthly Maintenance Fee — $12 with electronic statement / $14 with paper statement
• $5,000 minimum daily balance to waive maintenance fee
• $2,500 minimum daily balance to earn interest
• Three pre-authorized transactions per month at no charge; $5.00 excessive withdrawal fee for each transaction over three; up to six total pre-authorized withdrawals, automatic or telephonic transfers, checks, drafts and debit card or other similar transactions from your account per month or statement cycle
• 24 hour account information with DIRECT ACCESS
• Free Online Banking and Bill Pay with MFBonline

Terms Interest Rate Annual Percentage Yield
Minimum $2,500 - $9,999 0.05% 0.05%
$10,000 - $24,999 0.07% 0.07%
$25,000 and greater 1.24% 1.25%

STATEMENT SAVINGSW
The more you save now, the more options you will have when it comes to making large purchases or planning for life ahead.


• $100 minimum to open
• $100 minimum balance to earn interest
• $200 minimum daily balance to waive maintenance fee; otherwise: $6 maintenance fee per statement cycle
• Three preauthorized transactions per month at no charge; $2 excessive withdrawal fee for each transaction over three; up to six total preauthorized withdrawals, automatic or telephonic transfers, checks, drafts and debit card or other similar transactions from your account per month or statement cycle
• Unlimited teller transactions
• No Fee ATM Card
• Unlimited access to M&F Bank ATMs
• 24 hour account information with DIRECT ACCESS
• Free Online Banking and Bill Pay with MFBonline

GOLDEN YEARSW
Let your life experience work in your favor, with this low-cost savings account intended for those 55 and older.


• $25 minimum to open
• $100 minimum balance to earn interest
• $200 minimum daily balance to waive maintenance fee; otherwise: $3 maintenance fee per statement cycle
• Three preauthorized transactions per month at no charge; $2 excessive withdrawal fee for each transaction over three; up to six total preauthorized withdrawals, automatic or telephonic transfers, checks, drafts and debit card or other similar transactions from your account per month or statement cycle
• Unlimited teller transactions
• No Fee ATM Card
• Unlimited access to M&F Bank ATMs
• 24 hour account information with DIRECT ACCESS
• Free Online Banking and Bill Pay with MFBonline

CHRISTMAS CLUBW
Get yourself in the holiday spirit all year long. Save the same amount every time, or vary amounts throughout the year.


• $25 minimum to open
• No maintenance fee
• Flexible savings options
• Non-interest bearing

YOUTH SAVINGSW
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.


• $25 minimum to open
• $100 minimum balance to earn interest
• No maintenance fee
• Three preauthorized transactions per month at no charge; $2 excessive withdrawal fee for each transaction over three; up to six total preauthorized withdrawals, automatic or telephonic transfers, checks, drafts and debit card or other similar transactions from your account per month or statement cycle
• Unlimited teller transactions
• No Fee ATM Card
• Unlimited access to M&F Bank ATMs
• 24-hour account information

PERSONAL MONEY MARKET ACCOUNTW
Make your money work harder. This limited transaction account offers interest at money market rates and provides you the ability to withdraw funds when necessary. Low maintenance fee with full account benefits. Check the features and benefits below and open an account today.


• $1,000 minimum to open
• Monthly Maintenance Fee — $12 with electronic statement / $14 with paper statement
• $5,000 minimum daily balance to waive maintenance fee
• $2,500 minimum daily balance to earn interest
• Three pre-authorized transactions per month at no charge; $5.00 excessive withdrawal fee for each transaction over three; up to six total pre-authorized withdrawals, automatic or telephonic transfers, checks, drafts and debit card or other similar transactions from your account per month or statement cycle
• 24 hour account information with DIRECT ACCESS
• Free Online Banking and Bill Pay with MFBonline

Terms Interest Rate Annual Percentage Yield
Minimum $2,500 - $9,999 0.05% 0.05%
$10,000 - $24,999 0.07% 0.07%
$25,000 and greater 1.24% 1.25%

1Special Insurance Program Notes:  The descriptions herein are summaries only.  They do not include all terms, conditions, and exclusions of the policies described.  Please refer to the actual policies for complete details of coverage and exclusions.  Insurance is offered through the company named on the certificate of insurance.  

2IDProtect® service is a personal identity theft protection service available to personal checking account owners, their joint account owners and their eligible family members.

The service is available to non-publicly traded businesses and their business owner(s) listed on the account and their eligible family members (service not available to employees or authorized signers who are not owners). Service is not available to a “signer” on the account who is not an account owner. Service is not available to clubs, organizations and/or churches and their members, schools and their employees/students. For revocable grantor trusts, the service is available only when a grantor is serving as a trustee and covers the grantor trustee(s) and their eligible family members. For all other fiduciary accounts, the service covers the beneficiary, who must be the primary member, and their eligible family members (Fiduciary is not covered). A family includes Spouse, persons qualifying as a domestic partner, and children under 25 years of age and parent(s) of the account holder who are residents of the same household.

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

*Please ask your M&F Bank representative about system requirements.

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