At The Bank of Milan you have choices of several account options to fit your individual needs. All of our accounts provide you with convenient access to your funds, financial recordkeeping, and the safety provided by the FDIC. Ask for a free FDIC brochure “Questions and Answers About Your Insured Deposits.”
Free Checking *
- $100 minimum to open
- Unlimited check writing
- No minimum balance
- No monthly service charge
- Free ATM/Check Card (Application Required)
- 1st order of Free Checking checks at no charge
- 50% discount on 3x5 lockbox – 1st year (per availability)
- Overdraft Protection Available (Application Required)
- 24-Hour Telephone Inquiry
Premier Checking *
- $100 minimum to open
- An interest-bearing account
- Unlimited check writing
- Free ATM/Check Card (Application Required)
- $5 monthly service charge
- $1,000 daily minimum balance avoids monthly service charge
- One (1) order of Premier checks free annually
- Free 3x5 Safe Deposit Box or 50% discount on larger box – 1st year (per availability)
- Overdraft Protection Available (Application Required)
- 24-Hour Telephone Inquiry
Premier Plus Checking *
- $100 minimum to open
- An interest-bearing account
- Unlimited check writing
- $5 monthly service charge
- $2,500 daily minimum balance avoids monthly service charge
- Free ATM/Check Card (Application Required)
- Free Premier Plus checks
- Free 3x5 Safe Deposit Box or 50% discount on larger box – 1st year (per availability)
- 25% discount on Safe Deposit Box after 1st year
- $2,500 daily balance earns .25% higher interest rate
- Interest earned on all collected balances
- Overdraft Protection Available (Application Required)
- 24-Hour Telephone Inquiry
Premier Partners Checking*
An account designed for those 55 and up.
- $500 minimum to open
- An interest-bearing account
- Unlimited check writing
- $5 monthly service charge
- $500 daily minimum average balance avoids monthly service charge
- Free Premier Partner Checks
- Free 3x5 or 3x10 Safe Deposit Box – 1st year (per availability)
- 50% discount on Safe Deposit Box after 1st year
- Special Events
- Access to a certified financial advisor
Premier Savings Account *
A safe and easy way to build personal savings, earn interest, and have access to your money.
- $100 minimum to open
- 24-Hour Telephone Inquiry
- Interest paid quarterly
- $2 monthly service charge
- $100 daily minimum balance avoids the monthly service charge
Premier Money Market Account *
Earn money market interest rates, with limited check writing privileges.
- $1,000 minimum to open
- 24-Hour Telephone Inquiry
- $8 monthly service charge
- $1,000 daily minimum balance avoids the monthly service charge
- Unlimited deposits and transfers when in the bank in person or at the ATM
- Third party checks are limited to three per month
- Telephone, automatic, or electronic transfers are limited to six (6) per month, including the three third party checks
- Automatically earn higher yields as your balance increases (Ask your Customer Service Representative for details on Rate Tiers)
Christmas Club Savings *
From November 1st through April 30th you can open a Christmas Club Account and have ready cash for Christmas.
(Call our office or visit a Customer Service Representative for more details.)
IRA *
Individual Retirement Accounts that offer a variety of ways to save for retirement.
- $100 minimum to open
- Terms available are up to 60 months
- Traditional and Roth
Kidz Savings Club Account *
- $10 minimum to open
- An interest-bearing account
- No service charge
- No minimum balance
- Ages 0-12
- Special events for club members
- Choose a prize from our treasure box with each $25.00 deposit
Certificates of Deposit *
A safe way to invest your money with a variety of terms and rates to fit your needs.
- $1,000 minimum to open
- Terms available are up to 60 months
- Interest paid to CD, to another account, or by check
* Please refer to the “Depositor Agreement and Disclosure” for complete account details.
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