|
Voted Best of The Vineyard for the last 10 years in a row.
|
|
Click here
Find a surcharge-free ATM
Website Design| Account Type | Your Needs |
| Smart Business Checking Account |
Whether you have a year-round or seasonal business, we've tailored this account to be economical and simple. Plus it has all the features and benefits you need to help your business succeed! |
| Business NOW Account |
Qualifying sole proprietorships and nonprofit organizations can take advantage of this interest-bearing account, plus get all the benefits of a Smart Business Checking Account. |
| Features, Benefits & Services |
Smart Business |
Business NOW |
| Online Banking |
Free |
Free |
| Online Billpay |
Free |
Free |
| ATM/Debit Card* |
Free |
Free |
| 24 Hour Telephone Banking |
Free |
Free |
| eStatements |
Yes |
Yes |
| New Mobile Banking | Yes | Yes |
| Minimum to Open Account |
$10.00 |
$10.00 |
| Monthly Minimum Balance Fee |
If average monthly balance |
If average monthly balance |
| Non-MVSB ATM Withdrawals* |
$1.00 each |
$1.00 each |
| Overdraft Protection Service** |
Optional |
Optional |
* This service does not include the surcharges imposed by some non-MVSB ATMs. However, these can be avoided by using any of the 5,200 ATMs participating in the SUM program. MVSB card activity charges are subsequently refunded if withdrawals are transacted at a participating SUM ATM.
**Overdraft protection available from lines of credit (subject to credit approval), checking and money market accounts.
| Account Type | Your Needs |
| Business Statement Savings Account |
Start building your savings by putting your business assets in an FDIC insured account where they can earn interest until you need them. |
| Business Money Market Account |
Maximize returns without losing checking privileges with the Business Money Market Account. Tiered interest rates ensure that the higher your balance goes, the higher your rate of return is. |
|
Business Clipper Ship Money Market Account |
Because we believe in offering our customers more for their money, we have created our Clipper Ship Investment Checking Account, a multi-level, variable rate interest-bearing account.
|
| Business Sweep Money Market Account |
Lessen the time and effort associated with manually managing your business bank accounts with the Safe & Sound Money Market Sweeps Service and convert non-interest earning balances into interest earning balances automatically. |
| Certificate of Deposit {CD} | With terms ranging from 3 months to 5 years and a guaranteed fixed rate of interest, Certificates of Deposit let you sit back and relax, giving you peace of mind knowing that you're money is working for you and your business. You also have the option of having your monthly earnings automatically deposited to an existing checking or savings account or mailed directly to you. |
| Features, Benefits & Services |
Business Statement |
Business Money |
Business Clipper Ship |
Business Sweep |
Certificate of |
| Online Banking |
Free |
Free |
Free |
Free |
Free |
| 24 Hour Telephone Banking |
Free |
Free |
Free |
Free |
Free |
| New Mobile Banking | Yes | Yes | Yes | Yes | Yes |
| eStatements |
Yes |
Yes |
Yes |
Yes |
Yes |
| Minimum to Open Account |
$10.00 |
$2,500.00 |
$100,000.00 |
$2,500.00 |
$1,000.00 |
| Monthly Minimum Balance Fee |
None |
None |
None |
Monthly fee of $50.00 |
None |
| ATM/Debit Card* |
ATM Card |
Free |
Free |
Free |
n/a |
| Non-MVSB ATM Withdrawals* |
$1.00 each |
$1.00 each |
$1.00 each |
$1.00 each |
n/a |
* This service does not include the surcharges imposed by some non-MVSB ATMs. However, these can be avoided by using any of the 5,200 ATMs participating in the SUM program. MVSB card activity charges are subsequently refunded if withdrawals are transacted at a participating SUM ATM.
View our Business Account Rates
Safe & Sound Money Market Sweeps Service
Safe & Sound Money Market Sweeps Service combines the convenience of a Business Checking account with the interest bearing benefit of a Business Sweep Money Market account. Features and benefits include:
- Convert non-interest earning balances into interest earning balances automatically.
- Lessen the time and effort associated with manually managing your business bank accounts, freeing you and your staff to focus on other business priorities.
- Earn a Business Sweep Money Market Account rate of interest on excess funds without having to meet large investment minimums.
Business Online Banking & Online Billpay Services
Now you can have 24 hour access to account information from the convenience of your computer. Business Online Banking is convenient, easy to use, secure and FREE.
Enrollment - If you wish to enroll for Business Online Banking and Business Bill Pay services, please visit one of our 7 convenient branches from Chilmark to Edgartown, and a Customer Service Representative will be happy to enroll you, or call 1-800-490-BANK (2265) for more information.
Click here for more information about our Online Banking service.
New Mobile Banking
Mobile Banking enables anyone with an online banking account to access their account information from a mobile device. It's the most convenient way to manage your finances safely and easily.
Click here for more information about Mobile Banking.
Merchant Card Services
We offer customized payment-processing solutions that help you serve your customers with speed and accuracy while enhancing your efficiency and productivity. Let us help you design a program that meets your needs now, but is flexible enough to grow as your business grows.
We will customize a program to accept major credit cards, including:
- Visa®
- MasterCard®
- American Express®
You can manage your business through E-Merchant View, our online reporting tool. You’ll be able to monitor transactions, reconcile batches and view statements all via the Internet.
Government Banking
The Martha’s Vineyard Savings Bank Government Banking Account is a premium interest-bearing checking account designed especially for municipalities, school districts, housing authorities, unions, retirement boards, and other state and local government entities. Unlike other banks, Martha’s Vineyard Savings Bank is offering its Government Banking Account free of service charges when the account’s daily minimum balance is greater than $200.
This account is a required component of any Government Banking solution, and offers unlimited check-writing capability, a favorable interest rate on excess balances, and a next-day availability schedule.
For more information on any of these products and services, please contact your local branch representative or give us a call at 1-508-627-4266.
 |
 |
 |
 |
