Monument Bank Rates & Review

Monument Bank review

The headquarters and only office of Monument Bank is in Doylestown, Pennsylvania. Founded in 2008, the bank takes its name from the Civil War monument erected in the town to symbolize the shift from "old" to "new".

Savings and checking

This bank has a few different savings and checking account choices for its customers. The main bank savings account is an interest-bearing savings account. Other savings account options include a student account, a money market account and a health savings account.

When it comes to checking, customers can choose between an interest bearing and a non-interest bearing account. The interest-bearing checking account only earns the interest when a minimum daily balance is kept.

Loans and lines of credit

Customers can apply for loans and lines of credit through this bank. Lending here includes home equity lending, personal lending and lending for specific needs such as cars or school.

Business banking

Businesses can do their banking with this Pennsylvania bank as well. The bank provides letters of credit to facilitate business loans and transactions with third parties. This bank has checking account and savings account options for businesses including high yield savings rates with a business CD or business money market account.

Bank services

Monument Bank services include online banking, bill pay, overdraft protection, wire transfers, and unlimited transactions on VISA check cards associated with a checking account.

Deposit insurance

Monument Bank 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 Monument Bank and more than 400 other banks and credit unions at SavingsAccounts.com.