Savings Accounts - M1 Bank

M1 Bank knows the importance of planning for the future. Our savings and money market accounts give you the options you need to set aside the money to make your plans come true.

All Accounts Include

Free Online Banking
Free eStatements
Free Mobile Banking with Mobile Deposit*
Competitive Interest Rates**

*Must meet requirements for mobile deposit. Limitations Apply. Standard data rates and restrictions may apply.

**Interest rates are subject to change at any time

M1 Ultimate Savings

Additional Account Features

Minimum Open Deposit $100
$5 quarterly service charge if balance is < $100
18 free withdrawals per statement cycle***, $1 fee per exceeding withdrawal
Interest compounded and paid quarterly
Unlimited in-person withdrawals

***During the statement cycle, you may not make more than 18 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.

M1 Preferred Savings

Additional Account Features

Minimum Open Deposit $5,000
$35 monthly service charge if balance is < $5,000
6 free withdrawals per month***, $1 fee per exceeding withdrawal
Interest compounded and paid quarterly
Unlimited in-person withdrawals

***During any month, you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.

M1 Jr Bankers

A fun and engaging way to help children learn the basics of banking and saving

Additional Account Features

All standard M1 Ultimate Savings features with complimentary children's coloring book, piggy bank, and savings passbook.

*Accounts must be opened with an adult (person over 18 years of age). Accounts titled as "Joint Tenants with Rights of Survivorship."