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Investments
Take the first step towards building your financial future with our diverse investment options, designed to help you grow your wealth and achieve your dreams.
Certificate of Deposits
Unlock your savings potential with our high-yield CDs! Secure your future today and watch your money grow!
Money Market IRA
Maximize your retirement savings with our Money Market IRA! Enjoy substantial interest rates and flexible access to your funds while building a secure financial future!
Individual Retirement Account
Build a secure future with our IRA accounts, experience long-term growth potential and flexible investment options to help you reach your retirement goals!
Certificate of Deposit Account Registry Service
Experience peace of mind and higher returns with CDARS! Enjoy the convenience of managing your large deposits while earning competitive interest rates!
Certificates of Deposits
Unlock the potential of your savings with a Certificate of Deposit (CD), offering guaranteed returns and higher interest rates for a fixed term! Most CDs have a low minimum deposit of $1,000, so it doesn’t take a lot of cash to get on the road to higher returns. And you can choose whether you want the interest* you earn to be reinvested, deposited in a Metamora State Bank checking or savings account or paid directly to you.
Certificate of Deposit Account Registry Service
Experience the advantages of CDARS, offering FDIC insurance for larger deposits while allowing you to earn competitive interest rates effortlessly!*1
Benefits
One Bank
Everything is handled through our bank. Your large deposit is broken into smaller amounts and placed with other banks that are members of a special network. Then, those member banks issue CDs in amounts so that your entire investment is eligible for FDIC insurance. By working with just one bank—our bank—you can receive insurance from many.
One Rate
You earn one rate on your entire investment so you can forget about multiple rate negotiations and the need to consolidate multiple disbursement checks.
One Statement
You receive one regular account statement listing all of your CDs, along with their issuing banks, maturity dates, interest earned and other details. With CDARS, there’s no need to manually consolidate statements, track changing collateral values, or use private surety bonds.
Money Market IRA
Maximize your retirement savings with a Money Market IRA, offering you competitive interest rates and the flexibility to access your funds while enjoying the peace of mind that comes with secure, tax-advantaged growth!
Features
Unlimited deposits.
No Minimums on additional deposits.
Variable interest with tiered rates.
Monthly statement.
Tiered interest rates. Interest accrues daily and is credited monthly.*2
Access to Internet Banking.
Requirements
A minimum of $250.00 to open the account.
The closing fee is $50.00 will be applied at the time the account is closed.
A monthly maintenance fee of $10.00 unless the following condition is met:
- Maintain a minimum balance of $250.00.
The following transaction limitations do apply:
- You may make only six (6) preauthorized transfers or withdrawals from your account each statement period, which may be checks, drafts, debit card (if applicable) or other payments to third parties. In addition to checks, preauthorized transfers include telephone transfers and automatic deductions set up with third parties. Automatic deductions and checks will be considered paid in the statement period they are posted to the account.
- A charge of $5.00 per transaction over the limit (check, preauthorized transfer, electronic debit, or withdrawal).
Individual Retirement Account
Take control of your financial future by opening an IRA account today! With the opportunity to grow your savings over time, you'll be one step closer to achieving the retirement you've always dreamed of.*3
Early Withdrawal Penalties
Early Withdrawal Penalties on CD accounts may be imposed for withdrawals before maturity.
If your account has an original maturity of 31 days or less:
The Penalty we may impose is greatest of:
- Seven days interest on the amount withdrawn subject to penalty, if the withdrawal is made within the first six days after the deposit;
- All interest that could have been earned on the amount withdrawal during a period equal to one-half the maturity period; or
- All interest on the amount withdrawn subject to penalty.
If your account has an original maturity of one year or less:
- The fee we may impose will equal three months interest on the amount withdrawn subject to penalty.
If your account has an original maturity of more than one year:
- The fee we may impose will equal six months interest on the amount withdrawn subject to penalty.
In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty.
Renewable Accounts
1. Automatically Renewable Time Account
This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, interest will continue to accrue after maturity for up to ten calendar days. The interest rate will be the new rate.
You will have 10 calendar days after maturity to withdraw funds without penalty from a Certificate of Deposit.
2. Non-Automatically Renewable Time Account
This account will not automatically renew at maturity. If you do not renew the account, interest will not continue to accrue after maturity.
Disclaimers
*1 Certificate of Deposit Accounts interest rates are fixed for the term of the account. We use the daily balance method to calculate the interest on accounts. To determine the daily periodic rate, we divide the interest rate by the actual number of days in the year. We apply the daily periodic rate to the principal balance in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). The disclosed annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Interest is accrued daily and credited to your Certificate of Deposit accounts quarterly. If you close your Certificate of Deposit account before interest is credited, you will not receive the accrued interest. For Certificates of Deposit accounts that are not automatically renewed, no interest will accrue after the maturity.
*2 These accounts pay interest at a variable rate and rates may vary based on the balance in your account. We may change the interest rate and annual percentage yield at our discretion and as often as daily. There are no limits on the amount that the interest rate or annual percentage yield may change. We use the daily balance method to calculate the interest on accounts. We apply the daily periodic rate to the principal balance in the account each day. Interest begins to accrue on the business day we receive credit for the deposit of non-cash items (for example, checks).Interest will be compounded and is credited to your account monthly. If you close your account before interest is credited, you will not receive the accrued interest.
*3Individual Retirement Accounts interest rates are fixed for the term of the account. We use the daily balance method to calculate the interest on accounts. To determine the daily periodic rate, we divide the interest rate by the actual number of days in the year. We apply the daily periodic rate to the principal balance in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). The disclosed annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Interest is accrued daily and credited to your Individual Retirement accounts quarterly. If you close your Individual Retirement account before interest is credited, you will not receive the accrued interest.
Locations
Visit us at either Metamora, Sylvania, or Maumee! We're excited to see you!
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