3.01% Annual Percentage Yield on each account when you have both a Montgomery eGold Checking Account and a Montgomery eGold Savings Account and meet the requirements of the Montgomery eGold Checking Account.

  • Have at least 12 point-of-sale Montgomery Bank debit card purchases post and settle per cycle

  • Have one or more qualified mortgage, home equity or commercial loan with Montgomery Bank

  • Have at least 1 automatic payment (ACH) or direct deposit post and settle per cycle

  • Maintain a valid email address, be enrolled in electronic banking, and receive your free e-statement (monthly bank statements via the Internet)

Montgomery eGold Checking

Receive 3.01% APY on the first $15,000 when bundled with a qualifying Home Loan or Commercial Loan.  APY ranges from 3.01% - 0.52 on excess funds over $15,000.  $50 minimum to open.

Montgomery eGold Savings

Receive 3.01% APY on balances up thru $50,000.  APY ranges from 3.01% - 1.05% on excess funds over $50,000.  $100 minimum to open.

 

*Some restrictions apply.  Rates are subject to change at anytime. Please contact one of our personal bankers for more details.

 

Disclosures

Montgomery eGold Checking

*Interest rate and corresponding annual percentage yield (APY) are tiered. Minimum monthly account activity requirements that must post and settle during each qualification cycle to receive the maximum APY and ATM refunds are: (a) 12 or more Montgomery Bank debit card point-of-sale purchases (excludes ATM transactions); (b) at least one monthly direct deposit or ACH auto debit; (c) receive your monthly bank statements via electronic banking; and (d) have one or more qualified mortgage, home equity or commercial loan with Montgomery Bank. Invalid e-mail address and no online bank statement, requiring a paper statement, will incur a $3 monthly fee. If minimum requirements are met, the interest rate paid on daily balances of $15,000.00 or less will be 2.97% with an APY of 3.01%. An interest rate of .15% will be paid on your daily balance greater than $15,000.00. The APY range for this tier is 3.01% to .52%, depending on the balance. (APY calculations based on $100,000 balance.) Maximum ATM fee refund per cycle is $6. If you do not meet the minimum requirements per qualification cycle, your account will earn 0.01% APY on the entire account balance and will not receive ATM fee refunds for that cycle period. Rates are effective August 1, 2024. This is a split-tiered variable rate account and rates may change at any time after account opening. Minimum balance to open is $50.00. No minimum balance requirement after account opening. Available for personal accounts only. Limit one eGold Checking account per Tax Identification Number (TIN). Fees may reduce earnings. See Miscellaneous Fee Schedule for a listing of current applicable fees. ATM refunds apply to non-Montgomery Bank ATM Fees and other non-proprietary ATM surcharges at domestic ATMs.

Montgomery eGold Savings

*You must deposit $100.00 to open this account.  When the eGold Savings qualifications are not met, the interest rate on your account will be .01% and the annual percentage yield (APY) will be .01%.  When the eGold Savings qualifications are met, the interest rate on your account and corresponding annual percentage yield (APY) will be tiered. If your daily balance is $50,000.00 or less, the interest rate paid on the entire balance will be 1.99% with an annual percentage yield of 3.01%. An interest rate of .07% will be paid only for that portion of your daily balance that is greater than $50,000.00. The annual percentage yield for this tier will range from 3.01% to 1.05%, depending on the balance in the account. (APY calculations are based on a total deposit balance of $100,000.)  The interest rate and annual percentage yield may change. Rates are effective August 1, 2024.  At our discretion, we may change the interest rate on your account. We may change the interest rate on your account at any time.  Interest will be compounded on a monthly basis. Interest will be credited to your account on the last day of the statement cycle. If you close your account before interest is credited, you will not receive the accrued interest. Interest begins to accrue on the business day you deposit noncash items (for example, checks).  We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.  To qualify for eGold Savings rates you must perform all of the following during the monthly qualification cycle on your linked eGold Checking account:  Have at least 12 point-of-sale Montgomery Bank MasterCard debit card purchases post and settle.  Have at least 1 automatic payment (ACH) or direct deposit post and settle.  Maintain a valid email address, be enrolled in electronic banking, and receive e-statement (monthly bank statements via the Internet).  Enrollment in online banking and in electronic statements is required to meet certain qualifiers. Please contact us for details on how to enroll in these free services or visit www.montgomerybank.com.  Please note that transactions MUST post to and settle to your linked eGold Checking account during the monthly qualification cycle. They may not be in a pending state to count as one of the qualifications. Transactions may take one or more banking days from the date the transaction was made to post to and settle to an account. Excess transactions will not roll over to the next cycle.  Product is limited to one Montgomery eBlue Savings account or one Montgomery eGold Savings account per individual (tax identification number).  “Monthly Qualification Cycle” means a period beginning one banking day prior to the first day of the current statement cycle through one banking day prior to the close of the current statement cycle. Your account will be automatically qualified on that one day prior to the first day of the current statement cycle. What this means for you is if you did not qualify for the higher preferred rate, you might notice a slightly higher than the base rate APY earned on your statement due to the one day (the last day) being calculated with the higher preferred rate.  “Monthly Statement Cycle” is the cycle that is used for generation of your bank statement. Your monthly statement cycle typically begins on the 29th day of each month and runs through the 28th day of the following month. If the statement cycle closing date (28th) falls on a holiday or a weekend, the statement cycle closing date will be the previous banking day. March non-leap year cycles will be from March 1 through March 28. The statement cycle closing date is the date each month that applicable interest is credited to the account.  For a current schedule of Monthly Qualification Cycles and Monthly Statement Cycles, please request this information from your local branch, or visit our website at www.montgomerybank.com. This information will be updated annually.  Account is subject to additional fees as disclosed on the Bank’s Miscellaneous Fee Schedule. Paper Statement Fee: $3 per statement cycle (active enrollment in e-statement will avoid this fee)