Personal Savings & Investment Accounts
When it comes to personal savings, we want to meet you where you are on your financial journey. We proudly offer a range of savings and investment accounts designed to help you achieve your financial goals.
Be prepared for emergencies, future purchases, or even vacations with an M&F Bank savings account.
Youth Savings
It’s never too early to start practicing healthy saving habits. For those 21 and younger, our Youth Savings Account is the ideal way to start a lifetime of financial responsibility.
- Open with a $25 deposit
- No monthly maintenance fees
- $100 minimum daily balance to earn interest
Statement Savings
Planning ahead is essential; our Statement Savings Account makes it easy.
- Open with a $100 deposit
- Avoid the $6 monthly maintenance fee by maintaining a $200 minimum daily balance
Golden Years
Our Golden Years Savings Account is a perfect reduced-fee option for customers aged 55 and up.
- Open with a $25 deposit
- Avoid the $3 monthly maintenance fee by maintaining a $200 minimum daily balance
Holiday Savings
Plan ahead for the festivities of the holiday season. Our Holiday Savings Account can help you manage your holiday budget throughout the year.
- Open with a $25 deposit
- No monthly maintenance fees
- Automatic disbursements¹
- No minimum balance requirements
Money Market Account (MMA)
At M&F Bank, our MMAs offer competitive interest rates while still allowing you to withdraw funds when necessary.
- Open with a $1,000 deposit
- $2,500 minimum daily balance to earn interest
- $12 monthly maintenance fee when you enroll in eStatements; $14 with paper statements
- Avoid the monthly maintenance fee by maintaining a $5,000 minimum daily balance
Certificates of Deposit (CDs)
A Certificate of Deposit (CD) is the ultimate choice for secure savings, offering a guaranteed interest rate and you choose the length of your term.
- Open with a $1,000 deposit
- Fixed-rate of return for the entire term
- Terms from three months to five years
- Principal investment is protected
- Automatic renewals available ²‚³
Individual Retirement Account (IRA)
- At M&F Bank, we’re here to help you make the most of your financial journey, including your retirement planning. An Individual Retirement Account (IRA) is a valuable long-term savings tool available to people with earned income.
- Open with a $1000 deposit
- Choose from various fixed-rate investment options
- No start-up or annual fees
- Detailed quarterly statements
- Some or all of your IRA contributions may be tax deductible ²,³