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MVP Plus and MVP Premier

MVP Plus and Premier - our two new combined service packages that provide free bank services and other great benefits

Both MVP Plus and MVP Premier are combined services packages that include a MVP Checking Account and a MVP Savings Account. Each package offers free bank services, plus additional benefits. MVP Plus requires a combined average balance of $10,000 in checking and savings, while MVP Premier requires a combined average balance of $25,000 in checking and savings.

Recommended For A Customer Who:
MVP Plus and MVP Premier were designed to recognize distinguished customers and reward them with the privileges tailored to their needs and lifestyle.

Package Features:

MVP Plus
Maintain a combined average balance of $10,000 in MVP Checking and MVP Savings and get:

  • No maintenance fees on checking and savings 1
  • Free printing of State Bank of Long Island checks 2
  • 3 Free Money Orders
  • 3 Free Official Bank Checks a year
  • 3 Free Stop Payments a year
  • Checkline - Overdraft Protection Line of Credit 3
  • Surcharge Free Debit MasterCard® 4

MVP Premier
Maintain a combined average balance of $25,000 in MVP Checking and MVP Savings and get all the benefits of the Plus Package and the following:

  • 2 additional Free Stop Payments, Money Orders and Official Bank Checks
  • 5 Free outgoing Wire Transfers a year
  • .25% over our current rates of CDs opened of $15,000 or more 5

Click here for a side-by-side comparison chart.

Interest on MVP Savings

The interest rate and annual percentage yield on the MVP Savings account varies. The rate will be adjusted on the first day of each calendar quarter. Interest is compounded daily and is earned on collected balances from the day of deposit to the day withdrawal. Earnings will be posted to the account after the close of business on the last day of each quarter. Please refer to Disclosure Statement for more information.

Balance Level
Equal/greater than $500,000
Equal/greater than $100,000 but less than $500,000
Equal/greater than $50,000 but less than $100,000
Equal/greater than $15,000 but less than $50,000
Equal/greater than $2,500 but less than $15,000
Less than $2,500

FDIC insured

To request information on these or any of our consumer products, click here. We also invite you to visit one of our branches and talk to a customer service representative.

Disclosure:

1 Maintain the minimum average balance requirement for the package to avoid monthly services charges. If average balance falls below the minimum, then all normal terms and conditions apply to your MVP Checking account and MoneyVest Savings account. Refer to our current schedule of fees, rules and regulations and appropriate product brochures and disclosures.
2 Applies to State Bank of Long Island checks only.
3 Subject to credit approval.
4 Any charge imposed for using your card at an ATM or Point of Purchase Location will be refunded by State Bank of Long Island within each statement cycle.
5 Excludes existing CDs, IRAs and Jumbo CDs.
1-5 Offer subject to change. May not be combined with any other promotion. Personal accounts only. Business and Corporate accounts do not qualify.


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