|
Welcome to Malvern Trust & Savings Bank 
404 Main Street
Malvern, IA 51551
Phone #712-624-8686
Fax #712-624-8060
Welcome to the Malvern Trust & Savings Bank's new and improved online banking
service! If you have been a visitor to this site in the past, you have probably noticed
a few changes in the look of our home page. But one thing that hasn't changed is our
commitment to offer our customers the products they need, but with the small-town touch
they desire. Our bank has been serving the needs of Mills County since 1892, and while
other banks keep changing names and locations, we pride ourselves in offering a stability
that can only come from a 3rd generation, family-owned bank.
So feel free to look around and see what real personal banking is all about. The kind
where people actually know your name; the kind where your birthday always seems to show
up on the bank's sign; and the kind that makes you feel like your money is always safe
and secure.
Then you'll realize that while the other banks were building branches, we
were establishing roots.
CUSTOMER NOTICE – IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A
NEW ACCOUNT - To help the government fight the funding of terrorism and money
laundering activities, Federal law requires all financial institutions to
obtain, verify, and record information that identifies each person who opens an
account. What this means for you: When you open an account, we
will ask for your name, address, date of birth, and other information that will
allow us to identify you. We will need a copy of your driver’s license and
other identifying documents for our files.
|
Rates
Effective: September 1, 2008
Certificates of Deposit
|
| Term |
Minimum |
Rate |
APY |
| 31 Days |
$2,500.00 |
2.50% |
2.53% |
| 91 Days |
$2,500.00 |
2.50% |
2.52% |
| 26 Weeks |
$2,500.00 |
2.50% |
2.52% |
| 12 Months |
$500.00 |
2.75% |
2.78% |
| 12 Months |
$10,000.00 |
2.75% |
2.78% |
| 12 Months |
$25,000.00 |
2.75% |
2.78% |
| 18 Months |
$1,000.00 |
3.00% |
3.03% |
| 18 Months |
$25,000.00 |
3.00% |
3.03% |
| 30 Months |
$1,000.00 |
3.25% |
3.29% |
| 30 Months |
$25,000.00 |
3.25% |
3.29% |
| 18 Months IRA |
|
3.00% |
3.03% |
| 18 Months IRA |
$25,000.00 |
3.25% |
3.29% |
| 18 Months IRA |
$50,000.00 |
3.25% |
3.29% |
| There is a substantial penalty for early withdrawal for CD's. The penalty is equal to one months interest on CD's with a maturity of 12 months or less and a three month interest penalty for CD's with a maturity of more than 12 months. |
Money Market Deposit Account
|
| Minimum |
Rate |
Annual Percentage Yield |
|
| $100,000.00 and above |
2.00% |
2.02% |
|
| $2,500-$99,999 |
1.00% |
1.00% |
|
| If drops below $2,500.00 ** |
0.50% |
0.50% |
|
NOW Account
|
| Minimum |
Rate |
Annual Percentage Yield |
|
| $750.00 |
0.50% |
0.50% |
|
Passbook Savings
|
| Minimum |
Rate |
Annual Percentage Yield |
|
| $100.00 |
0.50% |
0.50% |
|
|
Each depositor insured to $100,000.00. Each IRA depositor insured to $250,000.00.
The MMDA, NOW Account and Passbook Savings account interest rates and annual percentage yield may change at any time.
Fees may reduce earnings.
** If balance on MMDA drops below $2,500.00, the rate will be .50% & APY is .50%. Minimum to open a MMDA account is $2,500.00. |
|
|
