This bank has friendly responsible staff and they pick up the phone when you call. I wish they were easier to transact with though. Their mobile deposit has a $1.5K limit. The atm daily limit is $300. I recently called to place a claim for a double charge and was told to go back to the merchant. After requesting the account disclosure and 5 emails later was I referred to the branch supervisor to place a claim. I recommend the bank, just wish they would make it easier.
The 3% APY for an 18 month CD as shown from your search tool is incorrect and not available. If one clicks the on more detailed listing of rates, or if one goes to the bank's website, the APY available is (only) 2.5% for an 18 month CD
Small error and I earned only $2.17 interest on a $25,000 deposit
I wish I could get a loan from them for $25,000 and pay them $2.17!
So much for 2.32% interest advertised.
They also evaluate your spending habits...This bank must be your primary bank or the ONLY bank you do business with or they will NOT pay interest.
Overall they are very petty bank and value a few dollars over their customers. Customer acquisition rate doesn't seem to matter?
I opened an account and closed it shortly thereafter.
No thanks, there are too many other banks and credit unions out there to choose from.
I just opened a CD online and it was very, very fast and smooth. The only problem was you can only put in up to $100,000.00 per CD. I had to open a second cd for the rest of the money. Otherwise so far so good in terms of speed in opening the account Also, the rates are good and I understand (please verify) that they have a 180 day early withdrawal penalty on a 4 year cd which is excellent!
|FDIC Certificate #||5058|
|Return on Assets - YTD||1%|
|Return on Equity - YTD||10.05%|
|Annual Interest Income||$16.9MM|
|Assets and Liabilities|
|Assets||Q3 2020vs Q3 2019||$655.2MM$586.1MM|
|Loans||Q3 2020vs Q3 2019||$318.1MM$308.1MM|
|Deposits||Q3 2020vs Q3 2019||$594.1MM$504.5MM|
|Equity Capital||Q3 2020vs Q3 2019||$55.5MM$76.0MM|
|Loan Loss Allowance||Q3 2020vs Q3 2019||$5.7MM$5.4MM|
|Unbacked Noncurrent Loans||Q3 2020vs Q3 2019||$1.6MM$1.3MM|
|Real Estate Owned||Q3 2020vs Q3 2019||$163.00K$249.00K|
Sorry, we do not have rate data for Main Street Bank (MI).