Monterey County Bank
DEPOSIT ACCOUNTS



Monterey County Bank offers a number of different types of deposit accounts. From Checking, Savings, CDs and IRAs, our knowledgeable staff is prepared to help find the account that is right for your situation.  A summary of our accounts offered are listed below.

Please visit any of our branches to open an account or to receive the full disclosure on our products.

Business Accounts
Personal Accounts
CD Accounts
IRA Accounts

Business Accounts



Business Checking

    ♦ $100 to open this account. No deposit or withdrawal limitations

    ♦ $25 monthly fee if minimum daily balance falls below $2,500

Low Volume Business Checking

    ♦ $100 to open this account.

    ♦ $12.50 monthly fee if minimum daily balance falls below $2,500

    ♦ 30 deposits, 100 checks & 25 ACH credits can be made monthly
          • If exceeded: $1/deposit, $0.12/check & $0.12/ACH item or electronic fund transaction

Business Interest Checking

(Sole Proprietors Only)

    ♦ $100 to open this account

    ♦ $12.50 monthly fee if minimum daily balance falls below $2500 OR average daily balance less than $5,000

    ♦ 30 deposits, 100 checks & 25 ACH credits can be made monthly
          • If exceeded: $1/deposit, $0.12/check & $0.12/ACH item or electronic fund transaction

    ♦ Interest bearing account*

Business Money Market Savings

(Includes Ability to Draft Checks)

    ♦ $2,500 to open this account. No deposit limitations

    ♦ $10 monthly fee if minimum daily balance falls below $2,500

    ♦ Restrictions on number & types of transactions apply
          • Fees for additional transactions apply

    ♦ Interest bearing account*

Business Savings

    ♦ $300 to open this account. No deposit limitations

    ♦ $1 monthly fee if minimum daily balance falls below $300

    ♦ Restrictions on number and types of transactions apply
          • Fees for additional transactions apply

    ♦ Interest bearing account*

 

Personal Accounts



Poppy Club

    ♦ $100 to open this account

    ♦ $8 monthly fee regardless of the balance

    ♦ No deposit or withdrawal limitations

    ♦ Unlimited checking

    ♦ Interest bearing account*

Golden Poppy Club

(Age 50+Only)

    ♦ $100 to open this account

    ♦ $5 monthly fee if minimum daily balance falls below $100

    ♦ No deposit or withdrawal limitations

    ♦ 3x5 Safety Deposit Box
          • Fee waived for the first year
          • Based on availability

    ♦ Unlimited checking

    ♦ Interest bearing account*

Unlimited Checking

    ♦ $100 to open this account. No deposit or withdrawal limitations

    ♦ $10 monthly fee if minimum daily balance falls below $500

Individual Interest Checking

    ♦ $100 to open this account. No deposit or withdrawal limitations

    ♦ $10 monthly fee if minimum daily balance falls below $1,000

    ♦ Interest bearing account*

Personal Money Market Savings

    ♦ $2,500 to open this account. No deposit limitations

    ♦ $10 monthly fee if minimum daily balance falls below $2,500

    ♦ Restrictions on number and types of transactions apply
          • Fees for additional transactions apply

    ♦ Interest bearing account*

Personal Savings

    ♦ $300 to open this account. No deposit limitations

    ♦ $1 monthly fee if minimum daily balance falls below $300

    ♦ Restrictions on number and types of transactions apply
          • Fees for additional transactions apply

    ♦ Interest bearing account*

Student Savings

    ♦ $50 to open this account. No deposit limitations

    ♦ $1 quarterly fee if minimum daily balance falls below $50

    ♦ Restrictions on number and types of transactions apply
          • Fees for additional transactions apply

    ♦ Interest bearing account*

CD Accounts



    ♦ Minimum deposit of $1,000

    ♦ No initiation or set up fee

    ♦ No service fee

    ♦ Very competitive rates

    ♦ No deposits can be made within the term

    ♦ Penalty applies on early withdrawal transactions


  • Terms:
    1 month 9 month 36 month
    2 month 12 month 48 month
    3 month 18 month 60 month
    4 month 24 month 84 month
    6 month 30 month  

 

IRA Accounts



(Individual Retirement)

    ♦ Minimum deposit of $250

    ♦ No Initiation or set up fee

    ♦ No service fee

    ♦ Very competitive rates

    ♦ No deposits can be made within the term

    ♦ Penalty applies on early withdrawal transactions unless client is qualified


  • Terms:
    12 month 36 month 60 month
    24 month 48 month  

 


* See New Accounts Representative for Annual Percentage Yield “APY” & Rate Details.

This page revised as of: 10/06/16

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