Martha's Vineyard Savings Bank

Checking, Savings & CDs;

Martha's Vineyard Savings Bank offers a variety of checking and savings accounts for personal customers.  Each account comes with the peace of mind that all your deposits are fully insured and fully protected by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). 

Order Checks Online

Checking

Account Type Your Needs  
Basic Checking Account A simple, hassle-free account that covers all your checking account needs. No monthly maintenance charges or hidden fees, makes this the perfect account for those who are pinching pennies.  Open an
 Account
Personal
NOW Account

 
Put your money to work with this multi-level, variable rate interest-bearing account.
 
Open an
Account
Clipper Ship
Investment Checking Account
If you're looking for higher rates for higher balances, while maintaining liquidity, this account fits the bill.   The Clipper Ship Investment Checking Account offers a multi-level, variable rate of interest; special Certificate of Deposit rates; discounted Safe Deposit rental (subject to availability) along with all the convenient features of a checking account.

Open an
Account

 

Features, Benefits &
Services
Basic Checking
Account
Personal
NOW Account
Clipper Ship Investment
Checking Account
Online Banking Yes Yes Yes
Online Bill Pay
Yes Yes Yes
24 Hour Telephone Banking Free Free Free
Mobile Banking Yes Yes Yes
Debit Card Yes Yes Yes
eStatements Yes Yes Yes
Minimum to 
Open Account

$10.00

$10.00

$100,000.00

Monthly Minimum 
Balance Fee
None If average monthly balance
falls below $200.00, a withdrawal
fee of $0.15 per item will 
be assessed.
None
Non-MVSB ATM 
Withdrawals*
$1.00 each $1.00 each $1.00 each
Pays Interest No Yes Yes
Check Orders Free Vineyard
specialty checks
Free Vineyard
specialty checks
Free MVSB image
specialty checks
Overdraft Protection 
Service**
Optional 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), savings and money market accounts.

View our rates

Savings

 

Account Type Your Needs
Online Savings Account A traditional savings account that pays a competitive rate of interest and provides immediate access to funds. Open an
Account
Savings Club Account Not only the perfect account to help you save for holiday gift giving expenses but also for any special savings goals you may have in mind.  This easy to manage account, helps take the stress out of saving with flexible weekly or monthly deposits and for added convenience, the funds can be automatically transferred from one of your existing accounts. This account also features four different disbursement dates throughout the year, so now you can choose the one that best fits your savings goal needs.
Certificates 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. You also have the option of having your monthly earnings automatically deposited to an existing checking or savings account or mailed directly to you.  Open an
Account
Money Market Account This multi-tiered, variable interest rate account rewards higher balances with higher interest.  This account is ideal if your goal is to save while keeping your money immediately accessible in an emergency.    Open an
Account

 

Features, Benefits &
Services
Statement
Savings Accounts
Savings Club 
Account
Certificates of
Deposit {CD}
Money Market
Account
Online Banking
  Yes
Yes
  Yes
  Yes
24 Hour Telephone 
Banking
Free
Free
Free
Free
ATM Card
 Yes
n/a
 n/a
 Yes
Mobile Banking
 Yes
Yes
 Yes
 Yes
eStatements
 Yes
Yes
 Yes
 Yes
Minimum to 
Open Account
 $10.00
$10.00
 $1,000.00
 $2,500.00
Monthly Minimum
Balance Fee
None
None
n/a
None
Non-MVSB ATM
Withdrawals*
$1.00
n/a
n/a
$1.00
* 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 rates
 

Individual Retirement Account {IRA}

Start building up your retirement savings so you'll be financially prepared for those golden years.  It's never too early to start saving and an IRA can help you enjoy a happy, stress-free retirement.

 

Account Type
IRA 
Statement Savings
Money Market IRA IRA Certificate 
of Deposit {CD}

Traditional IRA

Roth IRA

Rollover IRA

  • $100.00 minimum to open account
  • Variable Interest Rate
  • $100.00 minimum to open account
  • Variable Interest Rate
  • $100.00 minimum to open account
  • Fixed Interest Rate
  • Terms ranging from 3 months to 5 years

Traditional IRA - An account that lets you defer taxes on your earnings on your contributions until they are withdrawn.  Also, certain contributions are tax deductible in the tax year in which they are made.

Roth IRA - An account that allows only nondeductible contributions and features tax-free withdrawals for certain distribution reasons after a 5 year holding period.  Since Roth IRA contributions are nondeductible and taxed in the year they are earned, if you expect to be in a higher tax bracket when you retire you may benefit more from a Roth IRA than a Traditional IRA.

Rollover IRA - This account allows you to consolidate retirement plans, such as your 401(k) from former employers while maintaining the accounts tax-deferred status.

View our rates

 

Member FDIC
Depositors Insurance Fund
Equal Housing Lender
Surcharge-Free ATMs
REPORT A LOST OR STOLEN CARD
Touch to call a number below:
During normal business hours:
508-627-4266
Outside of normal business hours:
800-472-3272
REPORT A LOST OR STOLEN CARD
During normal business hours:
Call 508-627-4266
Outside of normal business hours:
Call 800-472-3272
Rates subject to change - Martha's Vineyard Savings Bank NMLS ID# 483244