John Swedberg (L), Senior Vice President, Commercial Loan Officer at MVSB meets with Rich and Linda Lovering, owners of Lovering Volvo.
Below you will find rates for our most popular accounts that allow you to earn interest.
Because we recognize that your life is unique, we are also available to speak with you by phone or in person to help you find the right solution to meet your business goals. We will take the time to understand your aspirations and offer you a choice of programs that will meet your unique needs, now and as those needs evolve.
| Product Name | Minimum Balance To Earn Stated Apy | Interest Rate | Annual Percentage Yield (APY) | |
|---|---|---|---|---|
| 90 Day CD or IRA CD | $500.00 | 0.10% | 0.10% | |
| 6 Month CD or IRA CD | $500.00 | 4.65% | 4.75% | |
| 9 Month CD or IRA CD | $500.00 | 4.17% | 4.25% | |
| 11 Month CD or IRA CD | $500.00 | 3.93% | 4.00% | |
| 1 Year CD or IRA CD | $500.00 | 3.69% | 3.75% | |
| 1 1/2 Year (18 Month) CD or IRA CD | $500.00 | 2.72% | 2.75% | |
| 2 Year CD or IRA CD | $500.00 | 2.47% | 2.50% | |
| 3 Year CD or IRA CD | $500.00 | 0.30% | 0.30% | |
| 4 Year CD or IRA CD | $500.00 | 0.30% | 0.30% | |
| 5 Year CD or IRA CD | $500.00 | 0.30% | 0.30% |
*$500.00 minimum to open Certificate of Deposit. A substantial interest penalty may be required for early withdrawals from Certificates of Deposit and IRA CDs. Contact a representative for further information regarding applicable fees and terms. Fees could reduce the earnings on the account.
| Product Name | Minimum Balance To Earn Stated Apy | Interest Rate | Annual Percentage Yield (APY) | |
|---|---|---|---|---|
| 6 Month Add-on 1 ($500.00 minimum to open) |
$500.00 | 0.10% | 0.10% |
1 The 6 Month Add-On is not available for IRA CDs 1 The 6 Month Add-On allows 1 penalty-free withdrawal during 6 month term following initial 7 days account is open. *A substantial interest penalty may be required for early withdrawals from Certificates of Deposit. Contact a representative for further information regarding applicable fees and terms. Fees could reduce the earnings on the account.
| Product Name | Minimum Balance To Earn Stated Apy | Interest Rate | Annual Percentage Yield (APY) | |
|---|---|---|---|---|
| Non-Profit Checking ($10.00 minimum to open) |
$500.00 | 0.01% | 0.01% | Open Now |
| Non-Profit Checking ($10.00 minimum to open) |
$25,000.00 | 0.01% | 0.01% | Open Now |
| Non-Profit Checking ($10.00 minimum to open) |
$75,000.00 | 0.02% | 0.02% | Open Now |
| Non-Profit Checking ($10.00 minimum to open) |
$250,000.00 | 0.02% | 0.02% | Open Now |
| IOLTA ($10.00 minimum to open) |
$1,000.00 | 0.01% | 0.01% | |
| IOLTA ($10.00 minimum to open) |
$100,000.00 | 0.01% | 0.01% | |
| IOLTA ($10.00 minimum to open) |
$200,000.00 | 0.50% | 0.50% |
*Checking Accounts are variable rate accounts. The interest rates and APYs may change at the discretion of the Bank. Fees could reduce the earnings.
| Product Name | Minimum Balance To Earn Stated Apy | Interest Rate | Annual Percentage Yield (APY) | |
|---|---|---|---|---|
| Everyday Business Savings ($10.00 minimum to open) |
$100.00 | 0.10% | 0.10% | |
| Everyday Business Savings ($10.00 minimum to open) |
$2,500.00 | 0.10% | 0.10% | |
| Everyday Business Savings ($10.00 minimum to open) |
$10,000.00 | 0.15% | 0.15% | |
| Everyday Business Savings ($10.00 minimum to open) |
$25,000.00 | 0.20% | 0.20% |
*Savings Accounts are variable rate accounts. The interest rates and APYs may change at the discretion of the Bank. Fees could reduce the earnings.
| Product Name | Minimum Balance To Earn Stated Apy | Interest Rate | Annual Percentage Yield (APY) | |
|---|---|---|---|---|
| Everyday Business Money Market ($500.00 minimum to open) |
$2,500.00 | 0.15% | 0.15% | |
| Everyday Business Money Market ($500.00 minimum to open) |
$25,000.00 | 0.20% | 0.20% | |
| Everyday Business Money Market ($500.00 minimum to open) |
$100,000.00 | 0.20% | 0.20% | |
| Everyday Business Money Market ($500.00 minimum to open) |
$250,000.00 | 0.25% | 0.25% | |
| Premier Business Money Market 1 ($25,000.00 minimum to open) |
$25,000.00 | 0.20% | 0.20% | |
| Premier Business Money Market 1 ($25,000.00 minimum to open) |
$50,000.00 | 0.20% | 0.20% | |
| Premier Business Money Market 1 ($25,000.00 minimum to open) |
$100,000.00 | 0.30% | 0.30% | |
| Premier Business Money Market 1 ($25,000.00 minimum to open) |
$250,000.00 | 0.40% | 0.40% |
*Money Market Accounts are variable rate accounts. The interest rates and APYs may change at the discretion of the Bank. Fees could reduce earnings.
1 Premier Business Money Market requires an active and in good standing Business Checking Account. Please refer to Account Details for details.
| Product Name | Minimum Balance To Earn Stated Apy | Interest Rate | Annual Percentage Yield (APY) | |
|---|---|---|---|---|
| Business High Yield Savings ($100.00 minimum to open) |
$100.00 | 0.01% | 0.01% | |
| Business High Yield Savings ($100.00 minimum to open) |
$25,000.00 | 1.00% | 1.00% | |
| Business High Yield Savings ($100.00 minimum to open) |
$50,000.00 | 1.98% | 2.00% | |
| Business High Yield Savings ($100.00 minimum to open) |
$100,000.00 | 2.47% | 2.50% | |
| Business High Yield Savings ($100.00 minimum to open) |
$250,000.00 | 3.45% | 3.50% | |
| Business High Yield Savings ($100.00 minimum to open) |
$500,000.00 | 3.93% | 4.00% |
*Variable-rate account. Offer may be discontinued at any time without notice. Fees may reduce earnings.
Please contact us for additional rates or more information.
