Personal Savings

A personal savings account is an excellent way to set aside money for a special occasion or to accumulate funds for one of our other higher-yield accounts. At Monroe County Bank, you do not need a lot of money to open a savings account.

Personal Savings

Monroe County Bank’s Basic Savings account is a good way to start a savings program. With an opening deposit of $200, you receive:

  • NO service charge if a minimum balance of $200 is maintained; otherwise, $2.50/quarterly
  • (6) Six free withdrawals per quarter; otherwise, $1 per withdrawal
  • Interest paid quarterly

Rainbow Savings

Designed for those under 18 with a low $5 opening deposit, this account allows children to receive:

  • NO service charge
  • Interest
  • $1 withdrawal fee


A Monroe County Bank Individual Retirement Account (IRA) is a tax-deferred savings plan with a wide range of maturities. You may put your IRA funds in the following:

  • Certificate of Deposit IRA with maturities from 18 months to 60 months and a $1,000 opening deposit
  • Variable Rate IRA with an 18 month maturity and a $200 opening deposit

MoneyMarket - Personal

Our MoneyMarket account pays interest and offers the customer the flexibility to make six (6) debits/transfers of which (6) can be checks during a monthly statement cycle. Earn market rates with a low opening deposit of $2,500 and receive the following benefits:

  • Interest is paid monthly based on the daily balance.
  • NO service charge if you maintain a minimum balance of $2,500; otherwise, $7/month
  • $2.00 fee on each debit over six (6) in a month
  • Visa CheckCard (subject to approval)
  • Current MoneyMarket Rates