Metropolitan National Bank® Deposit Rates
STEP UP CERTIFICATES OF DEPOSIT
Our 2, 3, & 5 year Step Up CD's earn the same top rates as our traditional CD's and you have the option of increasing your rate during the term of your investment. Ask us for details.
LIQUID CERTIFICATE OF DEPOSIT
Our Liquid Certificate of Deposit enables you to withdraw 10% of the original investment amount or $25,000 (whichever is less) no more frequently than 90 day intervals. Withdrawals from your Certificate may result in a reduction from the originally quoted Annual Percentage Yield. Withdrawals in excess of the approved limits or more frequently than 90 day intervals will result in a premature withdrawal penalty calculated on the amount withdrawn, in accordance with our truth-in-savings disclosure that had been provided to you. Withdrawals must be made in person at the branch of account, by presentation of your Certificate. You may be required to provide sufficient personal identification at the time of withdrawal. Interest will be posted to this account quarterly. Deposits may not be made to this account during its term.
Money Market Deposit Account (MMDA)
THE FOLLOWING RELATES TO NEW MONEY ONLY
Maintain a daily balance of $15,000 in a non-interest bearing commercial checking account & $100,000 in a commercial money market deposit account - earn an APY of 0.75% on MMDA balance.
Maintain a daily balance of $7500 in a non-interest bearing personal checking account & $50,000 in a personal money market deposit account - earn an APY of 0.75% on MMDA balance.
Our CD (Certificate of Deposit) rates are based upon non-compounding, simple interest. Annual percentage yield ("APY") is expressed on the assumption that investment terms under one year are rolled over at the prevailing rate to complete a one-year investment. Interest posted annually or at the end of term. Penalties may be incurred for early withdrawal.
CD Annual Percentage Yield ("APY") is subject to change upon maturity. Minimum deposit of $1000 required. Fees or penalties may reduce earnings.
Money Market Account Annual Percentage Yield ("APY") is subject to change without notice. Monthly daily average balance of indicated amount must be maintained to obtain the respective disclosed APY. Other restrictions may apply. Fees could reduce earnings on the account.
The rates quoted above represent our standard rates and may not be reflective of rates available or being paid from ongoing or prior promotions or offerings.
Metropolitan National Bank® ATM and debit cardholders pay no Metropolitan National Bank® fees to use any ATM worldwide, and any "foreign" ATM fees charged by owners of ATMs other than Metropolitan National Bank® are rebated.
Important Information Regarding Applying for an Account Online
Please take note that we do not open accounts by mail. Also, at this time, we do not to accept online applications for businesses or trusts. These accounts may be opened at any of our New York locations. Thank you.