Open Account

To celebrate its 25th anniversary, Mission Valley Bank is introducing a limited-time Relationship Savings promotion.

Rate information – The interest rate and annual percentage yield (APY) are variable and may change at any time after the account is opened. The interest rate is determined at the Bank’s discretion.

Frequency of rate changes – We may change the interest rate on your account at any time. This is a tiered rate account and the amount of interest paid will depend on the balance maintained as described below.

Compounding and crediting frequency – Interest is compounded daily and credited to the account quarterly.

Effect of closing an account – If you close the account before interest is credited, you will not receive accrued interest.

Minimum balance to open the account – You must deposit $100.00 to open this account.

Minimum balance to avoid imposition of fees – A service charge fee of $10.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $2,500.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Minimum balance to obtain the disclosed promotional APY – You must maintain a minimum average daily savings balance of $2,500.00 to earn the disclosed promotional APY. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle. Balances below $2,500.00 are not eligible for the promotional APY.

Average Daily balance computation method – We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account each day. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.

Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items, such as checks.

Promotional Rate Schedule
This account earns interest based on applicable balance tiers. Current interest rates and Annual Percentage Yields (APYs) are subject to change at any time.
Current rate and APY information is available by contacting any Mission Valley Bank branch. Applicable rates and APYs will be provided during the account-opening process. The complete disclosure will be provided at the time the account is opened as required.

Account Requirements and Promotional Period
New money requirement – The account must be opened with new money. Qualifying new money means funds not currently on deposit with Mission Valley Bank. Transfers from existing Mission Valley Bank accounts do not qualify as new money.

Offer period – The account-opening offer is available through December 31, 2026. Eligible accounts may receive the Relationship Enhancement through January 31, 2028, while all applicable qualification requirements continue to be satisfied. Effective February 1, 2028, the Relationship Enhancement will end and the account will earn the standard APY then in effect.

Relationship establishment period – You have 60 days after account opening to establish all qualifying checking activities. The Relationship Enhancement does not apply until all requirements have been satisfied.

Checking Relationship -To receive and continue receiving the 0.50 percentage-point Relationship Enhancement, you must maintain a qualifying Mission Valley Bank consumer checking relationship and satisfy all of the following requirements:
• $2,500 average daily balance in the qualifying consumer checking account.
• $1,000 or more in qualifying monthly direct deposits.
• At least three Bill Pay transactions per month.
• Enrollment in eStatements.
A qualifying direct deposit includes payroll, pension, government benefits, or other recurring income received through ACH. Transfers between accounts you own and peer-to-peer payments do not qualify as direct deposits.

Ongoing qualification – All applicable relationship requirements must be satisfied and maintained to earn the enhanced APY. If the requirements are not satisfied, the account will earn the promotional APY applicable to its daily average balance tier without the Relationship Enhancement, subject to the account terms and any rate changes.