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| Savings Account Information |
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| MetroBank understands how important choices are, so we have created several savings options from which to choose.
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Metro Savings is a standard interest-bearing savings account.
- $100 minimum opening requirement
- $2 monthly service fee
- Service fee waived with a minimum daily balance of $100
- Interest paid on all daily balances monthly
- Three withdrawals per month
- $2 per each additional withdrawal
- Quarterly statement
- Free 24-hour Telebank service in English, Spanish, Chinese, Vietnamese, and Korean
Metro Money Market is an interest-bearing savings account for individuals who want flexibility in funds management. The higher the balance, the more interest earned.
- $2,500 minimum opening requirement
- $10 monthly service fee waived with a minimum daily balance of $2,500 or with an average daily collected balance over $5,000
- Tiered interest rate structure
- Up to 6 withdrawals per month, 3 may be by checks to third parties
- $5 service charge per additional withdrawal
- Free check imaging with monthly statement
- Free, 24-hour Telebank service in English, Spanish, Chinese, Vietnamese, and Korean
Metro Premium Money Market is an interest-bearing savings account for individuals who maintain higher balances and are interested in flexible fund management with maximum returns
- $10,000 minimum opening requirement
- Tiered interest rate structure
- $20 monthly service fee waived with a minimum average daily balance of $10,000
- Up to 6 withdrawals per month, 3 may be by checks to third parties
- $5 service charge per additional withdrawal
- Free check imaging with monthly statement
- Free, 24-hour Telebank service in English, Spanish, Chinese, Vietnamese, and Korean
Certificate of Deposit (CD) - You have the option of locking in high interest rates with flexible terms from 30 days to 5 years.
- Start investing with as little as $500 and earn interest immediately
- Premium interest rates for investments over $100,000
- Interest compounded monthly
- Early withdrawals are subject to interest penalties
Current CD rates.
Installment Savings Account (SCISA) is designed to provide flexibility in financial planning. This unique installment savings plan results in saving a lump sum contract amount at the end of a term by making fixed monthly payments during the term. At maturity, funds can be withdrawn or converted to a regular savings account, or CD, or IRA. SCISA makes it easy for you to set aside money for vacations, home improvements, IRAs and much more.
- Terms from 1 to 3 years
- Minimum contract amount of $1,000 (maximum $100,000)
- Premium interest rate compounded monthly
- 10-day grace period each month to deposit payments
- Option to use MetroBank Online Banking or auto debit service to make deposit installments
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