SAVINGS

Regular Savings

Our Regular Savings account is our most popular type of savings account for customers age 19 and older. With a minimum deposit of only $300, you can earn compounded interest on a quarterly basis and begin to see your savings add up.

• $300 minimum opening deposit
• There is a $5 monthly service charge if the balance falls below $300 any day of the month
• Free online banking
• Statements mailed quarterly
• Telephone banking services
• Tiered interest rates
• FDIC insured

Preferred Savings

If you area able to maintain a larger balance and want to earn a higher interest rate, our exclusive Preferred Savings Account is for you! With a minimum deposit of $50,000, you can earn compounded interest on a quarterly basis and watch your savings grow.

• $50,000 minimum opening deposit
• There is a $25 monthly service charge if the balance falls below $50,000 any day of the month
• Tiered interest rates based on the collected balance
• Interest is calculated daily, paid quarterly; quarterly statement
• You may not make more than six (6) withdrawals or transfers per month from this account to another account of yours or to a third party account. A $10.00 transaction fee will be imposed for each withdrawal or transfer made after the sixth transaction.
• Free online banking
• Telephone banking services
• FDIC insured

Personal Money Market Savings

If you want more from your savings, our Personal Money Market Savings account may be just right for you. This account earns interest on a monthly basis and comes with the ability to write checks and withdraw cash.

• $1,000 minimum opening deposit
• There is a $10 monthly maintenance fee if the balance falls below $1,000 any day of the month
• Free online banking
• Tiered interest rates
• Direct deposit available
• Telephone banking services
• FDIC insured

Christmas Club Savings

Saving money for the holidays has never been easier! By joining the Christmas Club at First National Bank Minnesota, you will receive a Christmas Club check in October for all the contributions you make to this special account, which makes Christmas shopping so much easier!

 Christmas Club check sent in October for the entire balance in the account; therefore, periodic withdrawals are not encouraged.

Health Savings Account

Investing in your health is easy with a Health Savings Account from First National Bank Minnesota. If you qualify for this type of savings account, the money you contribute is not subject to income tax and is available to pay for qualified health care expenses. Health Savings Accounts or HSA’s were created by Congress to combat rising medical costs. It is like an IRA account that is designed exclusively for covering medical expenses.