Personal 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*.

Please note regarding your Tax Refund: When electing to have your tax refund electronically deposited into a checking or savings account, please make sure that the account number is correct.  Tax refunds with incorrect account numbers will be returned to the issuing party.


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.

Personal Checking
Keep a low minimum balance in your account and pay no fees. Plus, you get 24 hour access to your money through our international ATM network and online banking.

Money Market Account
A great solution for short-term savings of larger amounts, designed for stability, income and easy access to your money. Up to 6 transactions each month.

Now Account
Checking with interest for people who write a lot of checks. Keep the minimum balance, and you'll get unlimited checks with no fee.

Super Now Account
Higher interest rate checking for people who have fewer checks to write. There is a per check fee for Super Now accounts.

For important information about substitute checks, please click here.


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

Certificate of Deposit
A certificate of deposit or CD is a time deposit. CDs are similar to savings accounts in that they are insured and thus virtually risk-free (CDs are insured by the FDIC). They are different from savings accounts in that the CD has a specific, fixed term (three months, six months, or one year).

Individual Retirement Account
An Individual Retirement Arrangement (or IRA) is a retirement plan account that provides some tax advantages for retirement savings. There are several different kinds including a Traditional and a Roth. To learn which is right for you, please call one of our specialists to assist you.

School Banking
The Bank of Millbrook partners with St. Josephs School & Dutchess Day School in Millbrook, NY.  The partnership includes going to the schools and opening school banking savings accounts for the students.

Christmas Club
Old fashioned? If a fun way to save is old-fashioned, so be it. Call it the day after Christmas Club if you like, and see what a year of saving a little bit every week does for you.

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:

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