Checking & Savings Accounts

M&F Bank can help you find the checking account that’s right for you, your family and your life today — from everyday checking to interest bearing, to 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.

Which Account is
Right for you?

Several accounts to choose from that fit your need.

ADVANTAGE PLUSW
This account combines convenience, great benefits, and the flexibility to manage your money.


• $50 minimum to open account
• Monthly Maintenance Fee - $7 with electronic statement / $9 with paper statement
• $750 minimum daily balance to waive maintenance fee
• Cellular Telephone Protection1
• ID Protect®2
• Travel & Leisure Discount Membership (registration / enrollment required)
• Unlimited teller transactions
• Unlimited check writing privileges / Point of Sale transactions per cycle
• Free VISA® Debit Card featuring uChoose Rewards®
• Unlimited access to M&F Bank ATMs
• 24 hour account information with DIRECT ACCESS
• Free Online Banking and Bill Pay with MFBonline
• Check protection available to cover accidental overdrafts
• CardValet®

INTEREST CHECKINGW
Interest Checking gives you full access to your money, plus you earn interest at competitive rates.


• $100 minimum to open account
• Monthly Maintenance Fee — $10 with electronic statement / $12 with paper statement
• $2,000 minimum daily balance to waive maintenance fee
• $1,000 minimum balance to earn interest
• Unlimited teller transactions
• Unlimited check writing privileges / Point of Sale transactions per cycle
• Free VISA® Debit Card featuring uChoose Rewards® • Unlimited access to M&F Bank ATMs
• 24 hour account information with DIRECT ACCESS
• Free Online Banking and Bill Pay with MFBonline
• Check protection available to cover accidental overdrafts
• Three no-fee cashier’s checks per statement cycle
• Free notary service

PRESTIGE CHECKINGW
The Prestige account offers the benefit of great checking features and value-added services including:


• $100 minimum to open account
• Monthly Maintenance Fee — $13 with electronic statement / $15 with paper statement
• $2,500 minimum daily balance to waive maintenance fee • $1,000 minimum daily balance to earn interest
• Unlimited teller transactions
• Unlimited check writing privileges / Point of Sale transactions per cycle
• Free VISA® Debit Card featuring uChoose Rewards®
• Unlimited access to M&F Bank ATMs
• 24 hour account information with DIRECT ACCESS
• Free Online Banking and Bill Pay with MFBonline
• Check protection to cover accidental overdrafts
• Preferred rates on consumer loans with loan payment auto-drafted from an M&F Bank account
• Three no-fee cashier’s checks per statement cycle
• Free notary service
• $30 annual discount on safe deposit rental of largest box (subject to availability, annual rent must be on auto-draft)
• CardValet®

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

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 preauthorized transactions per month at no charge; $5.00 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
• 24 hour account information with DIRECT ACCESS
• Free Online Banking and Bill Pay with MFBonline

CERTIFICATE OF DEPOSIT (CD)W
Combine flexibility and security, with a guaranteed interest rate and a fixed term. Plus, you can choose to have the interest added back into the CD principal or have it deposited into an M&F Bank checking or savings account. The more you invest, the better the interest rate.


• $1,000 minimum to open
• Rate of return is fixed for the entire term
• Short- and long-term investment options available
• Investment principal is protected
• Automatic renewal
• Substantial penalty for early withdrawal

IRA ACCOUNTW
Save securely for retirement while deferring taxes until you access your money, which you can begin doing at age 59½. If you and your spouse do not have qualified retirement plans, some or all of your IRA contribution may be tax-deductible. (Please consult your tax advisor.)


• $1,000 minimum to open
• Variety of fixed-rate investment options available
• No start-up or annual fees
• Detailed quarterly statements
• Substantial penalty for early withdrawal

ADVANTAGE PLUSW
This account combines convenience, great benefits, and the flexibility to manage your money.


• $50 minimum to open account
• Monthly Maintenance Fee - $7 with electronic statement / $9 with paper statement
• $750 minimum daily balance to waive maintenance fee
• Cellular Telephone Protection
• ID Protect®
• Travel & Leisure Discount Membership (registration / enrollment required)
• Unlimited teller transactions
• Unlimited check writing privileges / Point of Sale transactions per cycle
• Free VISA® Debit Card featuring uChoose Rewards®
• Unlimited access to M&F Bank ATMs
• 24 hour account information with DIRECT ACCESS
• Free Online Banking and Bill Pay with MFBonline
• Check protection available to cover accidental overdrafts
• CardValet®

INTEREST CHECKINGW
Interest Checking gives you full access to your money, plus you earn interest at competitive rates.


• $100 minimum to open account
• Monthly Maintenance Fee — $10 with electronic statement / $12 with paper statement
• $2,000 minimum daily balance to waive maintenance fee
• $1,000 minimum balance to earn interest
• Unlimited teller transactions
• Unlimited check writing privileges / Point of Sale transactions per cycle
• Free VISA® Debit Card featuring uChoose Rewards® • Unlimited access to M&F Bank ATMs
• 24 hour account information with DIRECT ACCESS
• Free Online Banking and Bill Pay with MFBonline
• Check protection available to cover accidental overdrafts
• Three no-fee cashier’s checks per statement cycle
• Free notary service

PRESTIGE CHECKINGW
The Prestige account offers the benefit of great checking features and value-added services including:


• $100 minimum to open account
• Monthly Maintenance Fee — $13 with electronic statement / $15 with paper statement
• $2,500 minimum daily balance to waive maintenance fee • $1,000 minimum daily balance to earn interest
• Unlimited teller transactions
• Unlimited check writing privileges / Point of Sale transactions per cycle
• Free VISA® Debit Card featuring uChoose Rewards®
• Unlimited access to M&F Bank ATMs
• 24 hour account information with DIRECT ACCESS
• Free Online Banking and Bill Pay with MFBonline
• Check protection to cover accidental overdrafts
• Preferred rates on consumer loans with loan payment auto-drafted from an M&F Bank account
• Three no-fee cashier’s checks per statement cycle
• Free notary service
• $30 annual discount on safe deposit rental of largest box (subject to availability, annual rent must be on auto-draft)
• CardValet®

W
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
• $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

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 preauthorized transactions per month at no charge; $5.00 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
• 24 hour account information with DIRECT ACCESS
• Free Online Banking and Bill Pay with MFBonline

CERTIFICATE OF DEPOSIT (CD)W
Combine flexibility and security, with a guaranteed interest rate and a fixed term. Plus, you can choose to have the interest added back into the CD principal or have it deposited into an M&F Bank checking or savings account. The more you invest, the better the interest rate.


• $1,000 minimum to open
• Rate of return is fixed for the entire term
• Short- and long-term investment options available
• Investment principal is protected
• Automatic renewal
• Substantial penalty for early withdrawal

IRA ACCOUNTW
Save securely for retirement while deferring taxes until you access your money, which you can begin doing at age 59½. If you and your spouse do not have qualified retirement plans, some or all of your IRA contribution may be tax-deductible. (Please consult your tax advisor.)


• $1,000 minimum to open
• Variety of fixed-rate investment options available
• No start-up or annual fees
• Detailed quarterly statements
• Substantial penalty for early withdrawal

W

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.

Copyright © 2015 - 2017 M&F Bank