- Checking accounts
Banking with a Personal Touch
Main Bank offers a variety of personal banking products designed to meet the needs of individuals. We offer checking accounts, savings accounts, certificates of deposit and IRAs.
High Yield Checking1,2
This account is perfect for those who don’t write a lot of checks. It’s a basic, no-frills checking account that’s easy to get into and easy to maintain.
| Requirements to have the account and
option Annual Percentage Yield
|
Minimum to open ~ $500
10 or more pin-based and/or signature-based debit card purchases, per month
Have at least 1 ACH Direct Deposit post and clear each month
Access online or mobile banking once per month
You must receive electronic statements.
Minimum daily balance to earn interest ~ $501
|
| Benefits
|
Earn 1.00% APY* on daily balances each month from $500-$10,000
Earn 0.20% APY on daily balances each month from over $10,000
Earn 0.20% APY* if qualifications aren't met over $500 daily balance each month
Refunds on ATM withdrawal fees, nationwide (up to $25 monthly)
First VISA check card, $5 per additional or
replacement card
|
| Cost
|
Charge for each debit/withdrawal (3) over 40 per month ~ $0.25 each
|
Personal Checking 1,2
This account is perfect for those who don’t write a lot of checks. It’s a basic, no-frills checking account that’s easy to get into and easy to maintain.
| Requirements
|
Minimum to open ~ $100
|
| Benefits
|
First 40 debits/withdrawals (3) per month ~ no charge
First VISA check card, $5 per additional or
replacement card
|
| Cost
|
Monthly maintenance fee if images are returned with statement ~ $9
Charge for each debit/withdrawal over 40 ~ $0.25 each month
|
NOW Personal Checking 1,2
Looking for a competitive rate of interest? This no-frills checking account offers that and more for those who don’t write a lot of checks and can maintain a higher daily balance.
| Requirements
|
Minimum to open ~ $1,000
Minimum Daily Balance To Earn APY ~ $1,000
|
| Benefits
|
First 40 debits/withdrawals (3) per month ~ no charge
First VISA check card, $5 per additional or
replacement card
|
| Cost
|
Monthly maintenance fee with daily balance under $1,000 if images are returned with statement ~ $12
Charge for each debit/withdrawal over 40 ~ $0.25 each
|
Main Money Market Account 1,2,3
Main Bank’s money market account offers a competitive rate of interest, which is best for those who need easy access and a good return on extra funds.
| Requirements
|
Minimum to open ~ $2,500
Minimum daily balance to earn interest ~ $2,500
|
| Benefits
|
Monthly maintenance fee ~ waived with daily balance of $2,500 or more
Interest is tiered and compounded and paid monthly
First VISA check card, $5 per additional or
replacement card
|
| Cost
|
Monthly maintenance fee with daily balance under $2,500 ~ $15
Excessive activity fee after 3 withdrawals/debits per month ~ $5 each
|
1. Interest Rates and Annual Percentage Yields (APY) are variable and may change at any time at the Bank’s discretion. No floor or ceiling has been established. A minimum daily balance must be maintained to obtain the APY. The minimum balance that must be maintained is equal to the "Minimum Daily Balance to Earn APY" amount disclosed for each product. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the collected balance in the account each day. We use an interest accrual basis of 365 days for each day of the year. Interest begins to accrue no later than the business day after the bank receives credit for the deposit of non-cash items such as checks. Accrued but unpaid interest may not be paid if the account is closed. Seven Days’ notice of withdrawal may be required. Fees could reduce earnings on all accounts. Rates as of 3/1/2022
2. Reordered Visa Check Cards after the first one, a charge of $5.00 will apply.
3. Covered transactions include preauthorized, automatic transfers (including but not limited to transfers from the savings deposit for overdraft protection or for direct bill payments) and transfers made by check, debit card, or other similar order made by the depositor and payable to third parties.
4. Federal eligibility requirements apply for NOW ACCOUNTS ONLY.