Achieve Your Savings Goals

Millennium Bank offers saving accounts designed to help you reach your financial goals with options to suit your individual needs. We can help you manage your cash conveniently, efficiently and effectively.

 

Millennium Savings Account

Opening Balance for Regular Savings: $100.00

Minimum Balance to Earn Interest:* $100.00

No interest earned on days balance falls below minimum balance of $100.00.

Quarterly Maintenance Fee: None

Excess Charge: $10.00 each

(In excess of 6 withdrawals per month.)

Interest Payment: Interest will be compounded and credited to your account quarterly on the statement date.

Interest Method:  We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. If you choose to close your account before the interest is credited, you will not receive the accrued interest. Interest begins to accrue on the business day of your deposit for either cash or non-cash items. At our discretion, we may change the annual percentage yield on your account.

During any statement cycle you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.

If the depositor, during the period, makes more than 6 transfers or withdrawals, Millennium Bank may, depending upon the facts and circumstances, be required by Regulation D (204.2(d)(2)) to reclassify or close the account.

 

Millennium Super Savers

Opening Balance: $1,000.00              

Minimum Balance to Earn Interest:* $1,000.00

No interest earned on days balance falls below minimum balance of $1,000.00.

Quarterly Maintenance Fee: $5.00

If balance falls below average balance of $2,500.00 anytime during the quarterly statement cycle.

Excess Charge: $10.00 each

(In excess of 6 withdrawals per month.)

Interest Payment: Interest will be compounded and credited to your account quarterly on the statement date.

Interest Method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. If you choose to close your account before the interest is credited, you will not receive the accrued interest. Interest begins to accrue on the business day of your deposit for either cash or non-cash items. At our discretion, we may change the annual percentage yield on your account.

During any statement cycle you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.

If the depositor, during the period, makes more than 6 transfers or withdrawals, Millennium Bank may, depending upon the facts and circumstances, be required by Regulation D (204.2(d)(2)) to reclassify or close the account.

*Special holds placed on accounts may affect interest earned.