The new year is here, and we know you’re setting goals for 2022 and beyond. Here at Merchants & Marine Bank, we understand that you have unique goals and we’re here to help you reach them without breaking a sweat. In addition to our traditional savings account, we offer special savings programs that will help each of our clients, regardless of which stage they are in their personal finance journey, achieve their objectives. Check out our Kidz Club Savings, Christmas Club, and Scholars Savings accounts!
Kidz Club Savings
It’s never too early for children to learn the benefits of saving money. With our Kidz Club Savings account, we offer junior savers up to age 14 the perfect opportunity to set aside money for future purchases, earn interest, and learn the ins and outs of personal finance. With a minimum deposit of only $25, it’s easy to get started with this account and start earning interest immediately. Every dollar above $25 will earn interest, compounded daily and credit quarterly. Plus, there’s no monthly service charge! This account is a fantastic way to teach your children about the true value of money, as well as the valuable life skill of long-term planning and saving.
Was your bank account prepared for Christmas last year? As the holidays roll around, many people find that their balances aren’t what they need to be in order to purchase their loved ones the gifts they’ve been asking for all year long. If you find yourself in this boat, our Christmas Club savings account is an absolute must-have. The minimum opening deposit is $25 and each dollar above $100 will earn interest. As an added bonus, there’s no monthly service charge. Each account will mature in October so this will give you the perfect amount of time to start your Christmas shopping. Start preparing for the best celebration ever with this incredible program!
For anyone still in school, whether it be high school or college, our Scholar Savings account is a great choice to help you achieve your financial objectives. This account is available for young savers aged 15 to 25 years old and it requires an opening deposit of $100. You’ll earn interest on each dollar above this amount and as long as you maintain a balance of at least $100, you’ll never pay a monthly service fee. We offer 3 withdrawals per month with additional ones available for only $2. If you’re looking for an easy, simple way to save money for big upcoming expenses, such as books, supplies, tuition payments, or rent, look no further than our Scholar Savings.
We offer customized solutions to help you get to your ideal financial situation and reach your savings goals. Contact us to learn more about how we can help you succeed. Our team is here to help!