Local banks and credit unions are experiencing an increase in fraudulent activity. Some of their customers are receiving phony text messages and telephone calls claiming to be from their bank. Caller identification even appears as though it is from their institution’s phone number. Please note that the Bank of Millbrook will never ask for your personal or account information via a text message, telephone call, or email. Please contact us immediately at (845) 677-5321 if you are ever in doubt about a text message, telephone phone call, or email claiming to be from the Bank of Millbrook.

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Deposit Accounts

Managing your money has never been more convenient. 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*.

Bank of Millbrook Deposit Accounts for Businesses

Learn about our Business Accounts

Click here to view the Notice of Change to our Funds Availability Policy and the Terms and Conditions of your Business Account

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 (subject to credit approval) for all Bank of Millbrook checking accounts. If you are interested, stop by or call the loan department for an application.

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.◊

Effective April 24, 2020 the Federal Reserve issued an interim amendment to Regulation D deleting the six-per-month limit within each statement cycle from a savings or money market account. In response to this interim regulatory change, and until further notice, Bank of Millbrook customers will have unlimited transfers and withdrawals from these accounts without a fee.

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.

Newsworthy

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