Deposit Products

To access telephone banking on your account, please call 888-842-2800.
Switch your Accounts to Monroe Federal Savings. It’s quick and easy with our Switch Kit.
If you need to reorder checks use our secure Check Reorder Form.

Checking Comparison Chart Savings Comparison Chart

 

NOW Checking Account

Our most popular account has most popular account was designed with you in mind. The NOW Checking Account has no monthly service charge and earns interest when you maintain a low minimum balance. No per item fees, so you decide how many checks to write.

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  • $100.00 minimum balance to open, maintain to earn interest and avoid service charge.
  • $8.00 service charge if the balance falls below $100.00 any day of the month.
  • Overdraft Protection available.

Demand Checking Account

Great for those who prefer not to worry about maintaining a minimum balance in their checking account. The service charge covers the convenience of the no minimum balance requirement. No per item fees, so you decide how many checks to write.

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  • $50.00 minimum balance to open.
  • $5.00 monthly service charge.
  • Overdraft Protection available.
  • Non-interest bearing.

Tipp/Monroe/Bethel Money Fund & Vandalia/Butler Money Fund Account

An account that is good for you and good for the community. For you, we will pay a competitive interest rate based on your account balance. And for the community, we guarantee that all funds invested will be used to make loans locally.

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  • $2,500.00 minimum balance to open.
  • $15.00 fee for each check that clears in excess of six during a month.
  • Monroe Federal Visa Check Card available
  • Variable rate based on account balance.

Statement Savings Account

Offers convenient depositing and withdrawing from your account. A statement is mailed, or available for free online, each month showing all monthly activity. There is no monthly fee and the account earns interest as long as the low minimum balance is maintained.

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  • $10.00 minimum balance to open.
  • $100.00 minimum balance to earn interest.
  • Monthly statement sent to customer.

Passbook Savings Account

An account for those who prefer to see their deposits, withdrawals, and interest posted directly into their passbook. There is no monthly fee and the account earns interest as long as the low minimum balance is maintained.

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  • Minimum balance of $10.00 to open.
  • Minimum balance of $100.00 to earn interest.
  • No monthly fee.