Overview / Commentary
130 South Cedar Street
Manistique, MI 49854

mBank is headquartered in Manistique and is the 12th largest bank in the state of Michigan. It is also the 625th largest bank in the nation. It was established in 1934 and as of September of 2018, it had grown to 288 employees at 30 locations. mBank's CD rates are 67% higher than the national average, and it has an A health rating.

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Reviews (2)

Overdraft Fees

Posted by: Conrad906 | Apr 21, 2011

This bank in Michigan has a few convenient locations. The staff is usually somewhat friendly and helpful. The number and types of services is limited, and the rates on certificates of deposit and savings accounts are lower than average. Another problem with this bank is that they charge huge overdraft fee's instead of denying your debit card at the point of sale. Their online banking system is sometimes delayed and this leads to lots of overdraft fees. If you are looking for a bank with lenient overdraft policies look elsewhere.

Fee Oriented Bank

Posted by: k7iou1 | Aug 30, 2018

We had a nice local customer service oriented bank and mBank gobbled them up.
Their fee schedule is outrageous.
They pay zip in interest.
Bill pay stinks.
mBank app stinks.
Their main business is commercial loans. Need I say more?
Link to their fee schedule;


Health Grade Components

FDIC Certificate #14816
Year Established1934
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD7.69%
Annual Interest Income$39.3MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$1.25B$1.01B
LoansQ3 2018vs Q3 2017$988.7MM$803.1MM
DepositsQ3 2018vs Q3 2017$1.04B$836.7MM
Equity CapitalQ3 2018vs Q3 2017$135.1MM$99.7MM
Loan Loss AllowanceQ3 2018vs Q3 2017$5.1MM$5.1MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$4.5MM$3.1MM
Real Estate OwnedQ3 2018vs Q3 2017$2.2MM$4.4MM
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Always verify rates and promotions with the bank or credit union. We are not mBank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

mBank Savings Account Rates

0.05%--Statement Savings
0.05%--Minor Statement Savings
0.05%--Christmas Club
0.05%--Canadian Savings

mBank Money Market Rates

0.50%*$100k*-Premium Money Market Business
OTHER TIERS: 0.20% $5k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k
0.50%*$100k*-Premium Money Market Personal
OTHER TIERS: 0.10% Up to $5k | 0.25% $5k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k
0.20%*-$350kBusiness Smart Money Market
OTHER TIERS: 0.05% $350k+

mBank Checking Account Rates

0.25%*$50k*-Business Now Checking
OTHER TIERS: 0.05% Up to $10k | 0.20% $10k - $50k
0.25%*$100k*-High Yield Checking
OTHER TIERS: 0.10% Up to $25k | 0.20% $25k - $100k
0.25%--Rewards 55
0.20%--Business High Yield Checking

mBank CD Rates

2.95%$250-48 - 60 Month CD
2.80%$10k$235k25 Month CD Special
2.50%$250-36 - 47 Month CD
2.40%$10k$235k15 Month CD Special
2.25%$250-24 - 35 Month CD
2.25%$10k$235k9 Month CD Special
2.00%$250-18 - 23 Month CD
1.75%$250-13 - 17 Month CD
1.50%$250-12 Month CD
1.00%$250-6 - 11 Month CD
0.75%$250-30 Month Canadian CD
0.50%$250-2 - 5 Month CD

mBank IRA Rates

2.95%$250-48 - 60 Month IRA
2.50%$250-36 - 47 Month IRA
2.25%$250-24 - 35 Month IRA
2.00%$250-18 - 23 Month IRA
1.75%$250-13 - 17 Month IRA
1.50%$250-12 Month IRA
1.00%$250-6 - 11 Month IRA
0.75%$250-30 Month Canadian IRA
0.50%$250-2 - 5 Month IRA


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