Personal Checking

Millennium Bank offers personal checking accounts designed to help you reach financial goals with options to suit your individual needs and can help you manage your cash conveniently, efficiently and effectively.

Millennium Free Checking

A checking account with no minimum balance requirements or monthly maintenance fees. You will receive a monthly itemized statement including imaged copies of your checks.

Opening Balance: $100.00

Monthly Maintenance fee: NONE

Millennium Now Checking

A checking account with Interest. You will receive a monthly itemized statement including imaged copies of your checks.

Opening Balance: $100.00

Minimum Balance to earn interest:* $1,000.00
(No interest earned on days balance falls below minimum balance of $1,000.00)

Monthly Maintenance Fee: $7.00
(If balance falls below minimum of $1,000.00 or average balance of $1,500.00 anytime during the monthly statement cycle.)

Interest Payment: Interest will be compounded and credited to your account monthly on the statement date.

Interest Method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. If you close your account before interest is credited, you will not receive the accrued interest. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (e.g., Checks). At our discretion, we may change the Interest Rate and Annual Percentage Yield on your account daily. See our rate sheet for the current Annual Percentage Yield.

MillenniumSenior NOW Checking

A checking account with interest and no monthly fees. Minimum age to open is 50. You will receive a monthly itemized statement including imaged copies  of your checks.

Opening balance: $100.00

Monthly Maintenance fee: None

Minimum to earn interest:* $.01

Interest payment: Interest will be compounded and credited to your account monthly on statement date.

Interest Method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. If you close your account before interest is credited, you will not receive the accrued interest. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (e.g., Checks). At our discretion, we may change the Interest Rate and Annual Percentage Yield on your account daily. See our rate sheet for the current Annual Percentage Yield.

Millennium Overdraft Protection

This pre-approved line of credit provides cash when you need it, and overdraft protection, saving you the expense and inconvenience of an overdrawn checking account.

* Special holds placed on accounts may affect interest earned.

 

Millennium Money Market

This account offers a monthly itemized statement and tiered interest rate with limited check writing privileges. Statement includes imaged copies of your checks.

Opening Balance: $1,000.00

Minimum Balance to earn interest:* $1,000.00
(No interest earned on days balance falls below minimum of $1,000.00)

Monthly Maintenance Fee: $10.00
(If balance falls below minimum of $1,000.00 or average balance of $2,500.00 anytime during the
monthly statement cycle.)

Balance Tiers: 

Tier One $1,000.00- $24,999.99             

Tier Two $25,000.00 - $49,999.99               

Tier Three $50,000.00 - $99,999.99                 

Tier Four $100,000.00 or more

Activity Charges: $10.00 each in excess of (6) combined Transfers and/or Withdrawals per statement cycle.

Interest Payment: Interest will be compounded and credited to your account monthly on the statement date.    

Transfers/WithdrawalsTransfers or withdrawals from a money market account to another account by automatic, pre-authorized or telephone transfers, and checks, drafts, or similar orders to third parties are all limited to a combined total of six (6) per month or statement cycle. Transfers and withdrawals made in person, by messenger or by mail are unlimited.  Activity Charges will apply for exceeding transaction limits and item(s) may be returned.  If you exceed the number of allowable transfers or checks in more than three (3) months in any 12 month period your Millennium Money Market account will be converted to a NOW account or one of our checking accounts.

Interest Method: We use daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. If you close your account before the interest is credited, you will not receive the accrued interest. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (e.g. Checks). At our discretion, we may change the Annual Percentage Yield on your account daily. See our rate sheet for the current Annual Percentage Yield  

 

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