Monroe Bank and Trust Rates & Review

Monroe Bank and Trust review

Monroe Bank and Trust is a Michigan bank headquartered in the city of Monroe. It has 26 other branch locations throughout the state although some of these are drive-up only.

Monroe Bank originated as Dansard State Bank in 1858. Dansard merged with the Monroe State Savings Bank in 1940, keeping the Monroe name and Dansard's location. The bank adopted its current name in 1968. The range of different products and services at this bank makes this bank a potential one-stop shop for local customers.

Personal banking products

Monroe Bank and Trust currently offers more than half a dozen different checking account types, including an "ultra high interest" checking account and special checking accounts for the young and the "Vintage 50." There are nearly as many different savings account picks including the IRA, CD, money market account, health savings account and Christmas Club savings.

Consumer loans include loans for autos, boats and homes.

Personal banking services

Customers can take advantage of various on-site services with this bank. These include:

• Coin counting
• Foreign currency exchange
• Safe deposit boxes
• Notary public
• Savings bonds

Business banking

Business banking customers also have a range of different products to choose from at Monroe Bank and Trust. Different savings account rates are available depending on the types of account opened.

Checking, loans, cash management services, payroll and benefits services and debit/credit cards are available for businesses.

Wealth management

The bank's wealth management services include portfolio management, financial advice, estate planning and retirement planning.

Deposit insurance

Monroe Bank and Trust is a member bank of the Federal Deposit Insurance Corporation. The temporary increase in FDIC coverage from $100,000 to $250,000 per depositor was made permanent in July 2010. All eligible deposits are FDIC-insured up to at least $250,000 per depositor. Joint accounts are FDIC-insured up to at least $250,000 per account holder.

Compare savings account rates from Monroe Bank and Trust and more than 400 other banks and credit unions at SavingsAccounts.com.