Business Deposit Accounts

Managing your money has never been more convenient, and we provide you with a choice of accounts and 24 hour access to make it even easier. Plus, you can feel secure in the knowledge that your money is guaranteed by the FDIC*.

Checking

Business Checking
Unlimited checks and no fees if you maintain a balance of $1,500 per month. Plus, you get 24-hour access to your money through our international ATM network and online banking. Overdraft protection is available for all Bank of Millbrook checking accounts. If you are interested, stop by or call the loan department for an application.

For important information about substitute checks, please click here.

Savings

Regular Savings
No minimum balance is required to open an account. Interest is accrued daily on balances over $150.00.


Money Market Account

A great solution for short-term savings of larger amounts, designed for stability, income and easy access to your money.


IOLA
Deposit accounts for nominal or short term funds held by attorneys on behalf of their clients. Can be either a checking or savings account.


By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.



For more information about FDIC insurance coverage of noninterest-bearing transaction accounts visit:
http://www.fdic.gov/deposits/unlimited/expiration.html


◊ Federal Regulations limit transfers and withdrawals from savings & money market accounts to 6 per monthly statement cycle.  This includes preauthorized, automatic, telephone (including data transmission), Internet transfers or transfers by check, draft, debit card, or similiar order to third parties.
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