The Middlefield Banking Company

The Middlefield Banking Company

 

Savings

We provide a variety of savings products for our commercial customers. These include traditional statement and passbook savings accounts, as well as high yielding certificates of deposit. All of these accounts have low opening balances and may be maintained without service charge.

Surplus funds in your non-interest checking account may be better invested in our Sweep Account. We will transfer any funds in excess of a targeted minimum balance. The amount of the target balance may be set to allow you to avoid service charges. These funds are invested on an overnight basis into an investment vehicle which permits you to earn a competitive interest rate. This sweep occurs automatically and your invested balance is detailed on both a daily confirmation notice and your monthly account statement.

The Middlefield Banking Company also offers retirement plans that may be right for you, your company and your employees. These include Individual Retirement Accounts (IRAs) and Simplified Employee Pension Plans (SEPs). These retirement plans may be tax deductible for you and your employees.

Savings Programs

Certificates of Deposit
Convenient. Flexible. Safe. Smart. The Middlefield Banking Company’s lineup of certificates is investment for any budget strategy...
Terms from three months to five years
Very competitive interest rates
Minimum investments as low as $500
Interest options include monthly check, monthly transfer, or compounding
Jumbo Certificates ($100,000+) also available
Super Saver Account
A premium saving plan that offers high yield and a user-friendly statement.
$6 monthly fee, waived when $3000 account balance is maintained
This tiered account means that higher savings balances will yield higher interest.
Interest compounded quarterly
Passbook and Statement Account
The safe, convenient way to save. Your choice of a statement or a passbook for record keeping.
$10 balance requirement
Interest compounded quarterly
$2 monthly fee waived when $100 balance is maintained
*As with all tax related issues, be sure to consult with an accountant or other qualified advisor regarding eligibility and tax implications.
The Middlefield Banking Company, Member FDICEqual Housing Lender 
Copyright © 2004- Middlefield Banc Corp.
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