Mason City National Bank

Deposit Accounts

Following are brief outlines of the types of accounts we offer. We are offering these descriptions to you only as a reference for you. These are not full disclosures of our accounts. Please stop by for a full disclosure of terms and conditions for any of our accounts.

Regular Checking Account

Open a Personal or Business Checking Account with only $250.00 and you will get unlimited check writing privileges. You can avoid all monthly maintenance charges by maintaining a $250.00 minimum average daily balance. Check images may accompany your monthly statement.

  • Unlimited Check writing privileges
  • Online Banking - Transfer money between your accounts, check balances, see which checks have cleared and more, right from your computer.
  • Telephone Banking - Check your balances, make transfers and do more on your schedule, not ours.
  • ATM & Debit Card Privileges - Shop wherever Visa is accepted. (subject to approval) No Bank surcharges when you use the ATM located outside of our bank or for Point of Sale purchases.
  • Free starter checks when you open a new account.
  • Free direct deposit
  • To find out more about our Checking Account, call 217-482-3246 or visit us at the corner of Main and Pine St. in Mason City, IL

NOW Account

Put your money to work in this attractive interest-bearing account. With only a $1,000.00 deposit you can begin to enjoy the benefits of personal checking with the added benefit of receiving interest on your account. By maintaining a minimum average daily balance of $1,000.00, you avoid maintenance charges and earn interest in your account each month. NOW Accounts may be held by individuals or by organizations not operated for profit. Entities organized or operated to make a profit such as corporations, partnerships, associations, business trust, or other organizations may not maintain NOW Accounts. Check images may be returned with your monthly statement.

  • Unlimited Check writing privileges
  • Interest paid monthly*
  • Online Banking - Transfer money between your accounts, check balances, see which checks have cleared and more, right from your computer.
  • Telephone Banking - Check your balances, make transfers and do more on your schedule, not ours.
  • ATM/Debit Card Privileges - Shop wherever Visa is accepted. (subject to approval) No Bank surcharges when you use the ATM located outside of our bank or for Point of Sale purchases.
  • Free starter checks when you open a new account.
  • To find out more about our NOW Account, call 217-482-3246 or visit us at the corner of Main and Pine St. in Mason City, IL

*Fees charged to your account may reduce earnings.

Money Market Account

For those who carry a higher account balance, the Mason City National Bank Money Market Account may interest you!

  • Earn interest on your account balance
  • Interest is paid monthly with a minimum daily balance of just $2,500.00.
  • Competitive interest rates
  • No monthly maintenance charge
  • May write three checks on your account each month**
  • Minimum opening deposit is $2,500.00
  • Up to six preauthorized transfers per month**
  • Online Banking - Transfer money between your accounts, check balances, see which checks have cleared and more, right from your computer.
  • Telephone Banking - Check your balances, make transfers and do more on your schedule, not ours.
  • Free starter checks when you open a new account.
  • Free direct deposit
  • To find out more about our Money Market Account, call 217-482-3246 or visit us at the corner of Main and Pine St. in Mason City, IL

**Federal regulations limit you to six transfers per month but only three may be payments by third party checks.

Savings Account

Put your money to work for you! Our Savings Account is the easy way to save with confidence. Learning to save is an important lesson for children of all ages! This account is a great way to start children saving.

  • Earn interest on your account
  • Interest compounds and is paid quarterly.
  • Up to six preauthorized transfers per month*
  • Receive three free withdrawals per month ($1 fee per ATM or personal withdrawals over three)
  • Open with a minimum of $250
  • With $250.00 minimum average daily balance, you avoid a monthly maintenance charge.**
  • Competitive interest rates
  • Telephone Banking 24 hours a day
  • Online Banking - Transfer money between your accounts, check balances right from your computer and view your statement.

*Federal regulations limit you to six preauthorized transfers per month.

**Available free to children under 18 years of age. Minimum opening deposit is waived. Minors must have an adult on the account with them.

Christmas Club Account

Have the money you need for holiday shopping with a Mason City National Bank Christmas Club account.

  • Competitive interest rates.
  • No minimum opening deposit.
  • No monthly minimum balance required.
  • No monthly maintenance charge.
  • Interest is posted annually.
  • Checks are mailed or funds are credited to another account in October.

Certificate of Deposits & IRA's

A Certificate of Deposit is a deposit where you contract to leave your money on deposit for a specific period of time for a specific rate. Time deposits may be opened for as little as $500. Generally, the longer the money is left on deposit, the higher the interest rate. Substantial penalties exist for withdrawal prior to the maturity date.

  • Flexible maturities from 3 months to five years
  • Automatically renewable
  • May be used as collateral for a loan
  • Competitive interest rates paid*
  • Interest may be added to the time deposit, paid by check, or deposited into another checking or savings account
  • Certificate balances generally insured up to $250,000 and IRA's up to $250,000 by the FDIC

*Because our interest rates vary from product to product, you can see our current rates on our website or contact us by phone, email or in person and a Mason City National Bank representative will be happy to respond with details about current interest rates.