For more information give us a call (815) 724-2020 or contact us through this link.
One Mid America Plaza, Suite 140
Oakbrook Terrace, IL 60181
We remember that a good bank is a partner with its customers with a mission to help our customers achieve their financial goals. We appreciate your decision to bank with us and show that appreciation by insuring you get a competitive rate of return on your money.
M&M Bank knows that you have worked hard for your money. We know that you want your bank to help you make it grow. We offer a number of business savings solutions to help you get the most out of your savings.
M&M Bank's FDIC Insured Money Market Accounts can help your money grow offering high yields, low costs, and flexibility.
The Money Market Account is a savings and investment account that pays a variable rate of interest based on the account balance and market conditions. The higher the balance, the greater the interest income.
Repurchase Agreement Sweeps are designed for high balance and high volume commercial checking accounts and allows the owner to receive interest on excess collect CD balances. Functionally, they involve the sale of securities with the agreement that the securities will be repurchased at a specified rate of interest at a stated time, usually overnight. U.S. Government or Agency Securities with a market value of at least the amount invested collateralize the Repurchase Agreements. Interest Rates are targeted to short-term market rates.
How it works:
M&M Bank’s Repurchase Agreement Sweep operates by establishing a target balance for your checking account. On a daily basis, collected balances above that target are automatically swept into your repurchase agreement investment. Funds are swept out of the Repurchase Agreement account to maintain the required balance if the account falls below the target.
Earnings are credited to your account daily.
How your company benefits:
What more should I know?
Ask your business banker for more information.
M&M Bank’s Certificates of Deposit (CDs) are FDIC-insured and offer a wide range of term options and competitive rates. In addition, M&M Bank is a member of the CDARS network, allowing the bank to multiply exponentially the available FDIC insurance coverage for our Certificate of Deposit customers.
For more information on the Bank’s CDs or CDARs program, click here.
* If balance is not maintained, a $10 per month fee is charged.