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Deposits

Deposit Products

Checking and Savings accounts that suit your needs. They’re secure and easy to use.

Checking Accounts

Simple Checking

Checking that's simple and easy.

Advantage Checking

Maintain a monthly average balance of $500 and this account is free of any maintenance fees.

Legacy Checking

One account owner must be at least 60 years of age.

Relationship PLUS Checking

Rewarding you for doing business with us! Must have at least four personal accounts (relationships) at Morgan Federal Bank to qualify.

Premier Now Checking

Maintain a monthly average balance of $1,000 and this account is free of any maintenance fees.

Business Checking

A commercial checking account for small to medium size businesses.

Sole Proprietor Checking

An interest-earning checking account for sole proprietors.

Savings Accounts

Statement Savings

A basic savings account for any savings need.

Passbook Savings

Old-fashioned savings that comes with a passbook instead of a monthly statement.

Youth Savings

Teach your kids financial responsibility at an early age.

Health Savings Account (HSA)

This is a tax-qualified Health Savings Account for customers with a High Deductible Health Plan (HDHP)

Certificates of Deposit (CDs)

We offer a variety of CDs with different terms and rates.

FLEX CD

Our FLEX CD helps you save even more…even faster! Add money to your CD, take money out if you need it.

Investment

Individual Retirement Accounts (IRAs)

Find the Individual Retirement Account (IRA) that works best for you.

Money Market Demand Account (MMDA)

This is a high-earning demand deposit account with a variable interest rate.

There may be fees associated with certain accounts. Please refer to our Deposit Fees Schedule.

Morgan Federal Bank is participating in the FDIC's Transaction Account Guarantee Program (TAGP).