 Statement Savings Accounts |
MoreBankĄ¯s Statement Savings account comes with no minimun balance
or direct deposit requirements. It has no monthly maintenance
fee and free unlimited teller transactions.
Free MoreBank Debit Card.
- Features and Benefits:
Tiered interest rates
Use of MoreBank ATMs
Automated Telephone Banking
Detailed monthly statements
Unlimited teller transactions
FDIC Insurance up to
$250,000
|
| STATEMENT SAVINGS |
Minimum Balance |
NONE |
| Monthly S/C |
NONE |
| Transaction Charges |
NONE |
| Interest |
COMPETITIVE |
| Visa Debit Card |
YES |
| Statement |
MONTHLY |
| Internet Access |
YES |
| Telephone Access |
YES |
| Direct Deposit |
YES |
|
| MoreClub Savings Accounts |
| MoreBank MoreClub accounts are the ideal tool to save specific
amounts within a specific period of time. They range in
amounts from $1,000 to $100,000 and in terms from 1 year
to 5 years.
|
| MORE CLUB ACCOUNT |
Minimum Balance |
NONE |
| Monthly S/C |
NONE |
| Transaction Charges |
NONE |
| Interest |
COMPETITIVE |
| Direct Deposit |
NO |
| Internet Access |
YES |
| Telephone Access |
YES |
| Statement |
QUARTERLY |
| Visa Debit Card |
NONE |
|
| Certificates of Deposit |
MoreBank Certificates of Deposit (CDs) provide a secure place to invest money. CDs are excellent investments for chosen periods of time at a fixed interest rate, allowing a safegard towards any rate fluctuations that may occur.
- Features and Benefits:
Competitive fixed rate of interest
Guranteed earnings
Flexible interest payment methods
Terms range from 6 months to 5 years
FDIC Insurance up to
$250,000
- Requirements:
$2,500 minimun opening amount
|
| CERTIFICATES OF DEPOSIT |
Minimum Balance |
$2,500 |
| Monthly S/C |
NONE |
| Transaction Charges |
NO TRANSACTIONS |
| Interest |
COMPETITIVE |
| Direct Deposit |
NONE |
| Internet Access |
YES |
| Telephone Access |
YES |
| Statement |
NONE |
| Visa Debit Card |
NONE |
|
| Escrow Management Services |
Managing client or tenants funds does not have to be a major underatking. Morebank provides escrow services that are cost effective and easy to implemnt and manage.
- Attorney Escrow Accounts:
It features a master account, primary disbursement account, linked to individual interest-bearing accounts setup for individuals clients. Year end 1099 reporting is included.
- Interest on Lawyer Accounts (IOLA):
This interest bearing demand account is ideal for the placement of clients short-term and nominal funds. MoreBank IOLA's earns competitive interest rate that satisfies all legal requirements.
- Lease Security Accounts:
Landlords of multiple unit housing are required to place
rent security deposits into interest bearing accounts.
Funds in this special interest-bearing account earn
a competitive rate of interest. MoreBank Lease Security
Accounts handle the record keeping and disbursement
of interest to the tenants.
|
