Savings Accounts

Take control of your finances and pay yourself first! Visit us and start preparing today for what could happen tomorrow.


Instant Savings

Saving money is harder now than it has ever been, so we want to help you save. We can link your Instant Savings to your Interest Checking account and have your monthly interest and ATM fee refunds automatically deposited to your savings account!*

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  • Automatic transfers of Interest Checking earnings
  • Automatic transfers of ATM fee refunds from Interest Checking**
  • Access to Online Banking 
  • eStatements 
  • $100 minimum deposit to open


There are no extra qualifications to obtain the Interest Savings reward rate. If your Interest Checking qualifies, you automatically get the Savings rate too! Simply do the following each monthly statement cycle:

  • Have at least 10 debit card purchases post and settle*
  • Have at least 1 automatic payment (ACH) or 1 direct deposit post and settle*
  • Be enrolled and receive eStatements

What if you don't qualify? It's okay! There is no penalty, no monthly service charge, and you still earn our base interest rate. The best part is that you get another chance to earn the higher rate during your next statement cycle!

*You must have Interest Checking to be eligible for Instant Savings.

**National ATM fees incurred during qualification cycle will be reimbursed up to $50 per statement cycle ($4.99 per single transaction). Transactions may take one or more business days from the date the transaction was made to post and settle to your account. ATM processed transactions do not count towards qualifying debit card purchases. Limit one account per Tax Identification Number.

Personal Savings

Whether you’re saving for your dream vacation or for peace of mind, with our Personal Savings we can help you prepare for your future.


  • Earn competitive interest
  • Interest compounded daily and paid quarterly
  • $100 minimum balance to maintain account and avoid monthly service charge
  • 6 withdrawals per quarter; $3 per withdrawal thereafter
  • Maintain safekeeping for your funds
  • Access to Online Banking
  • eStatements
  • $100 minimum deposit to open

Money Market Account

Do you want to save money with a higher interest rate than a personal savings account, and still have your funds easily accessible? You're in luck with MVB's Money Market Accounts!


  • Earn higher interest than a regular savings account
  • Avoid the $15 monthly service charge by maintaining a $2,500 balance
  • 6 withdrawals per month to a third party; unlimited withdrawals in person
  • Maintain better access to your funds than what most investments or CDs offer
  • Access to Online Banking
  • eStatements
  • $2,500 minimum deposit to open

Certificates of Deposit

Having your savings just lying around unprotected is a risky venture. By opening one of our MVB CDs you can know that your savings are secure in a community bank you can trust.


Individual Retirement Accounts

Do you dream of traveling or spending time with family when you retire from work? With an MVB IRA you will be able to create the retirement you've worked so hard for!


  • Tax-advantaged retirement savings*
  • Competitive interest above standard savings rates
  • Traditional and Roth IRA options
  • No setup fees
  • No monthly or annual maintenance fees
  • $500 minimum deposit to open

Traditional vs. Roth

There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while the Roth IRA offers an opportunity for the most tax benefit at time of retirement.

Traditional IRA

  • No income limits to open*
  • No minimum contribution in any year allowing flexibility
  • Contributions are tax deductible on state and federal income tax**
  • Earnings are tax deferred until withdrawal
  • Withdrawals can begin at age 59 1/2
  • Early withdrawals subject to penalty***
  • Mandatory withdrawals at age 70 1/2

Roth IRA

  • No minimum amount to set up
  • Income limits to be eligible to open Roth IRA*
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal**
  • Principal contributions can be withdrawn without penalty**
  • Withdrawals on interest can begin at age 59 1/2
  • Early withdrawals on interest subject to penalty***
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income

*Consult a tax advisor
**Subject to minimal conditions. Consult a tax advisor
***Certain exceptions apply, such as healthcare, purchasing first home, etc


Looking for additional information?

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