Money Market Account
- Minimum balance required to open account: $500
- Contact bank for current tier rates.
- Current tier balances:
- daily available balance of $100,000.00 AND OVER
- daily available balance of $50,000.00 – 99,999.99
- daily available balance of $25,000.00 – 49,999.99
- daily available balance of $2,500.00 – 24,999.99
- daily available balance of $.00 – 2,499.99
- No maintenance fee or per-item fee
- Safekept Account
- Business or personal available
- Limited transactions -- see information under All Savings Accounts
Savings Accounts
Basic (Passbook) Savings
- No minimum balance required to earn interest
- Minimum balance required to avoid maintenance fee: $100.00
- Maintenance fee if under minimum balance: $3.00 per quarter if under $100
- Per debit fee: $1.00 per debit after 9 free per quarter if under $300
- Free to students and seniors
- Interest rate: variable rate subject to change at any time
- Limited transactions -- see information under All Savings Accounts
Thrift Savings
- Minimum initial deposit: $50.00
- No minimum balance required to earn interest
- Minimum balance required to avoid maintenance fee: $50.00
- Maintenance fee if under minimum balance: $1.00 per quarter
- No per item fee
- Interest rate: variable rate subject to change at any time
- Limited transactions -- see information under All Savings Accounts
Executive Money Market Savings
- No minimum balance required to earn interest
- Minimum balance required to avoid maintenance fee: $100.00
- Maintenance fee if under minimum balance: $5.00 per quarter
- Per debit fee: $1.00 per debit after 9 free per quarter if under $300
- Free to students and seniors
- Interest rate: variable tiered rate subject to change at any time
- Limited transactions -- see information under All Savings Accounts
Call 218-564-4171 or 218-837-5171 during regular banking hours for current interest rates.
Individual Retirement Accounts
We offer the Traditional IRA, the Roth IRA, the Education IRA and the SEP plan, all with no service charge and a competitive interest rate. Interest rates are subject to change at any time. Penalties for early withdrawal may apply. See our IRA specialists for further information.
Health Savings Account
- Minimum balance to open account: $10.00
- No minimum balance required to earn interest
- No maintenance fees
- Interest Rate: variable rate subject to change at any time
- Penalties for early withdrawal may apply
See our HSA specialists for further information.
All Savings Accounts
Except IRA and HSA
- Minimum initial deposit: $0.00 unless Thrift Account
- Free deposit and withdrawal forms
- Limited transactions:
Only 6 debits per month of the following types:- preauthorized debits to third parties
- telephone transfers
- transfers to another depositor at our bank or
- 6 checks allowed per month if our Money Market account
- Internet or Mobile Banking transfers to another account at our bank
- Automatic transfers to another account at our bank, such as transfers to cover overdrafts in a checking account
- Unlimited debit types:
- debits in person or at ATM
- automatic loan pays to our bank
- $2.00 fee for each restricted debit over 6 per calendar month
- Interest on Savings accounts calculated on daily collected balance
- Service charges on Savings accounts calculated on average collected balance
- Quarterly Statements
Call 218-564-4171 or 218-837-5171 during regular banking hours for current interest rates.