Personal Savings

Personal Savings

YOUR Savings Account

  • Low minimum opening deposit of $50.00.
  • Interest bearing account.
  • Combined statements with checking accounts available, otherwise quarterly statements provided.
  • One free withdrawal per month. $1.00 fee charged for each additional withdrawal if account balance is less than $500.00.
  • Federal regulation limits the number of pre-authorized transfers to six per month. Accounts exceeding this limit are subject to closure or being placed into a non-interest bearing checking account.
  • No monthly fee on active accounts having a balance of more than $50.00.
    • $5.00 monthly fee for accounts with balance that falls below $50.00

YOUR Personal Money Market

  • Minimum opening deposit of $2,500.00
  • Unlimited in person withdrawals and up to six per-authorized transfers are allowed per month by Federal Regulation D. Three of the six per-authorized transfers can be checks you write to third parties (someone other than Merchants and Planters Bank).
  • Interest bearing account, based on a tiered-rate system depending on balance.
  • No monthly fees with a minimum balance of $2,500.00 is maintained.  $12.50 per month when balance falls below $2,500.00

YOUR Holiday Transfer Account

  • Must have a deposit account with Merchants and Planters Bank
  • Low minimum opening deposit of $10.00 with minimum monthly transfer of $10.00 from checking or savings. 
  • At maturity, club proceeds will be automatically deposited into linked checking/savings account. 
  • Interest bearing account.
  • No fees charged if balance at maturity is at least $100.00 $10 fee charged if balance is less than $100.00

YOUR Holiday Coupon Club

  • Minimum opening deposit of $20.00.
  • At maturity, a check will be issued. 
  • Interest bearing account.
  • No fees charged if balance at maturity is at least $200.00. $10.00 fee charged if balance is less than $100.00


April 2018


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