Martha's Vineyard Bank Home Loan Rates
 
30 Year Fixed Rate
Rate APR Points
4.250% 4.348% 0.000%

 


15 Year Fixed Rate

Rate APR Points
3.250% 3.417% 0.000%

Actual interest rates and APRs may vary based on credit history.
 

 

 
Martha's Vineyard Bank Home Loan Rates

Business Banking

Checking
 

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 
Checking Account

Business NOW 
Account

Online Banking

 Free

Free

Online Billpay

Free

Free

ATM/Debit Card*

Free

Free

24 Hour Telephone 
Banking

 Free

Free

eStatements

 Yes

Yes

Mobile Banking Yes Yes
Minimum to 
Open Account

 $10.00

$10.00

Monthly Minimum
Balance Fee

If average monthly balance
falls below $200.00, a withdrawal
fee of $0.15 per item will 
be assessed.

If average monthly balance
falls below $200.00, a withdrawal
fee of $0.15 per item will 
be assessed.

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.

Savings

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.
If you're looking to put your unused assets to work while maintaining liquidity, this is the perfect solution.

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. 
With an initial deposit of $100,000, you can qualify for a Clipper Ship Account with the benefit of higher rates for higher balances.
 

 

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
Savings Account 

Business Money 
Market Account

Business Clipper Ship
Money Market Account

Business Sweep
Money Market Account

Certificate of
Deposit {CD}

Online Banking

 Free

 Free

 Free

Free

 Free

24 Hour Telephone
Banking

Free

 Free

 Free

Free

 Free

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
or $5.00 per transfer

 None

ATM/Debit Card*

ATM Card
Free

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 in Business Online Banking and Business Bill Pay services, please visit one of our 8 convenient branches or call 1-508-696-9201, ext. 1800 and a Customer Service Representative will be happy to assist you.

Click here for more information about our Online Banking service.
 

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 1-508-696-9201, ext. 1800.

 

 

 

Member FDIC Depositors Insurance Fund Equal Housing Lender Surcharge-Free ATMs
Rates subject to change
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Phone: (508) 627-4266

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