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CHECKING THAT'S TRULY ON THE HOUSE!
Did you know that if you have a mortgage, home equity loan or HELOC with Eastern Michigan Bank you qualify for a free checking account that even pays you interest? Check out Checking on the House!

Personal Savings Accounts
Eastern Michigan Bank | May 18, 2008
Account Type Opening Balance Minimum Balance Requirements Monthly Service Charge Interest Bearing
Statement Savings
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$10 $100 to earn interest None Yes
Statement Savings
Statement savings allows customers of any age to save money. Customers do not receive a passbook, simply a savings register which they maintain themselves. The customer receives a quarterly statement. ATM access of Statement Savings is available.

Account Features

  • Requires $10.00 to open
  • A receipt is given at time of deposit or withdrawal and quarterly statements issued.

Interest
Minimum to earn interest is $100.00. Interest is paid quarterly.

Prestige Money Market Savings
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$2,500 $2,500 min or $5,000 monthly avg balance $10 if balance requirements not met Yes - Variable

Prestige Money Market Savings
This is an account which allows depositors to earn money market interest rates while enjoying immediate access to their funds with unlimited in-bank withdrawals.

Account Features

  • Available to both individuals and businesses
  • Requires $2,500 to open
  • 6 per month - $5.00 fee per transfer
  • ATM or Debit Card available
  • Unlimited withdrawals or transfers to other bank accounts in person or by mail.
  • Monthly account statements
  • Limited check writing privileges
  • Pre-authorized transfers
  • Telephone transfers-limit 6 per month-$5.00 fee per transfer

Account Restrictions
Only six pre-authorized or automatic transfers per month. (Of the six transfers, three can be made by check.)

Pricing
A $2,500 minimum or $5,000 average balance avoids the $10.00 per month maintenance fee and reduction of interest rate. Up to six transfers are permitted each month at no charge. If the depositor writes more than 3 checks per statement cycle, a $5.00 fee is assessed for each additional check.

Interest

  • Variable interest rate may change weekly
  • Interest rate varies by balance
  • Interest is paid monthly
Christmas Club
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$1 None None Yes - at maturity
Christmas Club
Saving for Christmas expenses is easy and convenient using a Christmas Club Savings Account.

Account Features

  • Only $1.00 needed to open
  • You can select the amount you will deposit each week
  • Weekly payment coupons are available
  • Proceeds may be paid via check or deposited into an EMB checking or savings account.
  • Interest is paid at maturity. If closed prior to maturity, no interest is paid.

Click on "More" and "Hide" to view and hide additional details about each account type.
Click here to Inquire about any of these accounts.
Click here to view our Deposit Account Rates.

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