Savings

Coin-Jars_957-sm

STATEMENT SAVINGS

Our Statement Savings is an easy way to start saving. Earn a competitive rate of interest with a low opening balance requirement.

  • $25 minimum opening balance.
  • Earns interest on days when the account balance is $250 or greater.

YOUTH SAVINGS

Designed for the young investor under 18 years of age. This account pays a premium rate of interest and is perfect for young scholars.

  • $1 minimum opening balance.
  • No minimum or average balance requirement.

MONEY MARKET DEMAND ACCOUNT (MMDA)

An interest-earning deposit account with limited check writing privileges.  This is a high-earning demand deposit account with a variable interest rate. The rate depends on the daily balance in the account.  Regulations prohibit more than six withdrawals payable to third parties during any monthly statement cycle. For more details, refer to our MMDA Truth-in-Savings disclosure or ask any member of our staff.

  • $5,000 minimum opening balance.
  • No minimum or average balance requirement.

INDIVIDUAL RETIREMENT ACCOUNT (IRA)

To meet the needs of your particular tax situation, we offer both Traditional IRAs and Roth IRAs.  We also offer Coverdell Education Savings Accounts (Education IRAs) to help pay for future education expenses for your children and grandchildren.

 

Reorder Checks

Keep your Morgan Federal Bank checking accounts ready to use by reordering checks online. You may order your checks directly through Harland Clarke’s Check Reorder website.

Lost/Stolen ATM Card

If your ATM/Debit card is lost or stolen, please contact us immediately at 970.867.2443 or call 1.800.523.4175 after 5:30 or on weekends.