Personal Savings & Money Market Accounts

Regular Savings

  • Account earns competitive interest
  • Interest will be paid quarterly and is calculated on the average daily balance. (Interest rates are subject to change daily at bank's discretion)
  • Open this account with just a $50 deposit (the minimum opening deposit is waived for persons under 18 years of age)
  • A minimum daily balance of $50 is required to avoid a $1.00 monthly service fee (waived for persons under 18 years of age)
  • Six (6) transfers are allowed from your Savings Account each month by preauthorized debit or automatic transfer, telephone agreement, order or instruction, to another account or to third parties. Transfers made in person, by messenger, by mail or at an ATM are unlimited
  • A $1.00 per withdrawal fee will be charged for each withdrawal after the first six
  • You may request a free Midland National Bank ATM Card (a $1.00 charge will be assessed for each ATM withdrawal conducted at machines not owned by Midland)
  • Other fees may apply

Money Market Savings

  • This is an interest-earning account that pays a higher interest rate than Regular Savings
  • The interest rate paid is determined by the daily balance in the account
  • Interest will be compounded monthly and paid monthly
  • Open this account with a deposit of $1,000 or more
  • Six (6) transfers are allowed from your Money Market Savings Account each month by check, preauthorized debit or automatic transfer, telephone agreement, order or instruction, to another account or to third parties. Transfers made in person, by messenger, by mail or at an ATM are unlimited
  • Other fees may apply

Christmas Club Savings

  • This is a savings program in which no monthly statements are provided
  • Interest will be compounded daily and will be paid at maturity (Maturity date to be determined by Midland; annual maturity date is approximately the last Friday in October)
  • No withdrawals are permitted until account maturity
  • The interest rate will be paid on the average daily balance. (Interest rates are subject to change daily at bank's discretion)
  • There are no monthly service charges
  • Other fees may apply