At Bank
of Michigan, we offer you true relationship banking, and the resources
to find the right solutions for your financial needs. You will find
what you need, when you need it -- truly a unique community bank.
REGULAR CHECKING *
Minimum Balance Requirements
An opening deposit of $50.00 is required. A daily collected balance of $50.00 is required to avoid a service charge.
- Unlimited check writing
- Unlimited ATM Withdrawal
- If you are 62 years or older, you will not pay minimum monthly balance or per check/debit fees, regardless of your account balance.
- Also, if you have a Bank of Michigan Certificate of Deposit of $10,000 or more, we will waive the minimum balance and per check/debit fees.
NOW CHECKING *
Minimum Balance Requirements
An opening deposit of $500 is required. A daily collected balance of $500 is required to avoid a service charge.
- Interest Bearing Account
- Unlimited Check writing
- Unlimited ATM withdrawal
- Also, if you have a Bank of Michigan Certificate of Deposit of $10,000 or more, we will waive the minimum balance and per check/debit fees
PERSONAL MONEY MARKET
Minimum Balance Requirements
A deposit of $2500 is required to open this account. A daily collected balance of $2,500 is required to avoid a service charge.
Transaction Limitations
You may make up to six (6) transfers from your account, but only three (3) may be payments by checks to third parties.
Compounding and Crediting
Interest will be compounded monthly and credited to your account monthly. Closing the account prior to interest payment will result in forfeiture of accrued interest.
- Interest Bearing Account
- Monthly Statement
- ATM Withdrawal capabilities
STATEMENT SAVINGS
Minimum Balance Requirements
A deposit of $100 is required to open this account. A daily collected balance of $100 is required to avoid a service charge. Minimum balance fees will not be charged to customers under 18 or over 62 years of age.
Compounding and Crediting
Interest will accrue daily, compound and credit quarterly. Closing the account prior to interest payment will result in forfeiture of accrued interest.
- Interest Bearing Account
- Quarterly Statement
- ATM Withdrawal capabilities
Transaction Limitations
You may make up to twelve (12) withdrawls per quarter.
CERTIFICATES
OF DEPOSIT
A variety of FDIC-insured certificates of deposit are offered at
very competitive rates. The minimum deposit is $500 and maturity
dates can range from 30 days to five years.
*see account disclosure for full details
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