CDs & IRAs

Internet Banking

Individual Retirement Account (IRA)

An Individual Retirement Account (IRA) is a savings plan designed to supplement retirement income from Social Security and pension plans. IRA plans are generally available with terms of one to five years.

REQUIREMENTS: $500.00 minimum to open an IRA.

A penalty may be imposed for early withdrawal before maturity. 

 

 
Certificates of Deposit
Regular and Jumbo Certificates of Deposit
(CD)

Certificates of Deposit are generally available from three (3) months to five (5) years.

  • Certificates of Deposit can be issued with automatic renewals.
  • Customers select the maturity which best fits their needs.
  • Interest rate is locked in for the term and there is no maintenance fee.
REQUIREMENTS: $1,000.00 minimum deposit to open a CD

A penalty may be imposed for early withdrawal before maturity.

 

Bump & Jump CD

The Bump & Jump CD gives you a 36 month term and .98% APY* plus a chance to increase your rate one time during the life of the CD!

  • Minimum opening deposit of $1,000
  • No maintenance fee
  • Customer must request to update or “bump” their interest rate by contacting M&M Bank

Bump Interest Rate Information: You have the option to increase or “bump” the interest rate and annual percentage yield on the certificate of deposit. The “bump” option can only be exercised once and you may use this option at any time during the term of the certificate of deposit. We will increase or “bump” the interest rate and annual percentage yield to the current published rate for our 36-month term certificate of deposit. You will then earn that higher rate for the remainder of the term of the certificate. The updated or “bumped” interest rate will become effective within three business days after we receive your written request with proper signature authorization. The new interest rate and annual percentage yield will not be applied retroactively. Public funds are not eligible for this offer.

Disclosure: *Annual percentage yield as of April 18, 2014. M&M Bank reserves the right to change or withdraw this offer at any time. Rates are subject to change at any time at the discretion of M&M Bank. Minimum balance of $1,000 required to open account and earn APY. A penalty may be imposed for early withdrawal. The stated APY is for a 36-month CD.