Business Savings

Regular Savings

This account has a $100.00 minimum balance to avoid a monthly service charge. Simple interest at a variable rate is paid monthly. This account provides you with a monthly statement showing transactions, deposits, withdrawals, and interest earnings.


Money Market

The Money Market account is designed for customers who want to earn additional interest compared to the Regular Savings account. There is no monthly service fee when the balance is $2500.00 or more.

The Bank of Milton Money Market Account offers you:

  • Higher interest rate.
  • FDIC insurance (protects principal and interest to $250,000)
  • Direct deposit of payroll or Social Security checks
  • Convenient withdrawals, deposits and inter-account transfers*
  • No market risk - unlike money market mutual funds, your principal is guaranteed never to go down

*Unlimited withdrawals may be made in person or via mail. Pre-authorized, electronic, or telephone withdrawals are limited to six per statement period. Three of those may be done by check.

Images of the front of your checks will be returned in your monthly statement.


Money Market Flex Index

GET A GREAT RATE WITH EASY ACCESS, AND THERE'S NO RISK. The Money Market Flex Index Account offers a high, competitive rate of interest, yet is fully insured, and you have immediate access to your funds.

WHAT AN INVESTMENT ACCOUNT WAS MEANT TO BE

The Bank of Milton Money Market Flex Index Account offers you:

  • Higher interest rate.
  • FDIC insurance (protects principal and interest to $250,000)
  • Direct deposit of payroll or Social Security checks
  • Convenient withdrawals, deposits and inter-account transfers*
  • No market risk - unlike money market mutual funds, your principal is guaranteed never to go down

*Unlimited withdrawals may be made in person or via mail. Pre-authorized, electronic, or telephone withdrawals are limited to six per statement period. Three of those may be done by check.

INTEREST RATE

The Bank of Milton Money Market Flex Index Account offers a premium money market return, which is competitive with the highest yielding money market funds in the area. Weekly interest rate adjustments offer you the most competitive rates available.

When you maintain an average monthly balance of at least $10,000, your interest rate will be competitive with the highest yielding money market funds in the area. If your account average balance is less than $10,000, you receive a different rate of interest set by the bank. Call for our current rates.

QUALIFYING BALANCES

A Bank of Milton Money Market Flex Index Account has no monthly service charge when:

  • You maintain an average monthly balance of $10,000 or more

Also, a Bank of Milton Money Market Flex Index Account has no monthly transaction charges.

Images of the front of your checks will be returned in your monthly statement.