Savings & Money Market

Money market account rates in Fairfax can vary, but typically offer a higher yield than regular savings accounts. The exact APY depends on factors like your account balance. Be sure to compare rates from different providers to find the best fit for your unique situation. Keep in mind that rates may change over time, so the APY when you open the account may not be the same APY you earn later on. You can view our current rates at https://mstreetbank.com/personal-apy/

Many money market accounts in Fairfax have no monthly maintenance fees, as long as you maintain the required minimum balance. However, some accounts may charge a monthly fee if your balance dips below a certain threshold. Always review the fee schedule carefully before opening an account to avoid any unexpected charges that could reduce your earnings. You can view our current rates at https://mstreetbank.com/personal-apy/

Yes, money market accounts at MainStreet Bank are insured by the Federal Deposit Insurance Corporation (FDIC). This federal insurance covers up to $250,000 per depositor, per institution, in case of failure. You can have peace of mind knowing your funds are protected. We also offer expanded FDIC insurance coverage through our ICS and CDARS offerings. Learn more at https://mstreetbank.com/personal-ics-cdars/

A money market account provides a safe, flexible way to save for goals like building an emergency fund, saving for a child’s education, or an upcoming vacation or holiday. You’ll earn a competitive variable rate while still having the convenience to access your money if needed. Many people in Fairfax use money market accounts alongside CDs and other savings vehicles as part of their overall financial plan.

First, before you open a Junior AirSavings, the adult must have a deposit account of their own (ex. Free or Premium Checking, AirSavings, SuperSaving Money Market). Once there is an established relationship with MainStreet Bank, in order to open a Junior AirSavings you will need the same information as any other account, but you’ll need it for both you and the adolescent.  Since the child will be the primary account owner, you’ll need to have their Social Security # or Tax ID #.

You may use one of the following convenient options: transfer funds to your MainStreet checking online, visit an Allpoint ATM and access cash through your Airbanking Visa® debit card, utilize online bank-to-bank transfers, or stop by one of our branch locations for an in-person withdrawal.

Since the account is designed to help you save, we do not issue Visa debit cards directly with your AirSavings account.  However, if you also open one of our checking accounts, you can link your AirSavings as a secondary account for cash ATM withdrawals.

No, you start to earn interest on the first penny deposited into your AirSavings account. View our Personal APY for current rates.

There is no minimum age requirement for our Junior AirSavings.  However, you must not be older than 17 to have a Junior AirSavings account.

We will notify you as your birthday approaches and inform you that your Junior AirSavings will be transferred over to a regular AirSavings account.  Upon conversion, AirSavings rates, terms and conditions will apply.

The Junior AirSavings custodian (usually the parent named on the account) may use one of the following convenient options: transfer funds to their MainStreet checking online, visit an Allpoint ATM and access cash through their Airbanking Visa® debit card, utilize online bank-to-bank transfers, or stop by one of our branch locations for an in-person withdrawal.