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McHenry Savings Bank

Personal Banking

Savings Accounts

Minor Statement Savings

Traditional savings account earning interest for minors.

  • Open account with $10.
  • No monthly maintenance fees or balance requirement.
  • No daily balance requirement to earn interest.
  • Tiered interest based on balances compounded daily.
  • Interest accrues daily and credited quarterly.
  • Access to Online/Mobile banking for Minor may be restricted.


Statement Savings

Traditional savings account earning interest.

  • Open account with $100.
  • Waive monthly balance fee by maintaining $250 each statement period.
  • Must maintain balance of $100 to earn interest.
  • Tiered interest based on balances compounded daily.
  • Interest accrues daily and credited quarterly.


Advantage Statement Savings

Progressive savings account earning interest.

  • Open account with $1,000.
  • Waive monthly balance fee by maintaining $1,000 each statement period.
  • Must maintain balance of $1,000 to earn interest.
  • Tiered interest based on balances compounded daily.
  • Interest accrues daily and credited quarterly.


Christmas Club Savings

Traditional savings account earning interest.

  • $10 deposit is required to open account.
  • No withdrawals allowed until October.
  • No monthly maintenance fees or balance requirement.
  • Must maintain daily balance of $0.01 to obtain disclosed annual percentage yield.
  • Interest accrues daily and credited monthly.
  • Debit card available for MSB checking clients only.
  • Check mailed or internal transfer automatically completed in October each year.


Come on in!

Visit us at any MSB branch location to open your account today.



Online-Only Checking Accounts

MSB’s online only accounts are a secure and convenient way for personal clients to open accounts for their banking and investing needs without coming into a bank location. Online-Only accounts may have different rates and terms than in branch accounts. Click on the link to start the secure account opening process. MSB offers the following online-only accounts: checking; savings; money markets and Certificate of Deposits.

You can open one of our secure Online-Only checking accounts at any time. Just click the button below to view options and apply.

Online-Only Accounts