Start Saving Your Way
Saving money is a valuable skill that will serve you well your entire life. In order to execute an effective savings strategy, you need the right savings account.
From traditional savings accounts to accounts that allow you take advantage of tiered interest rates when you maintain a higher balance, you have choices at First National Bank Minnesota. Contact our offices to speak with a member of our personal banking team about which savings account is the right choice for you.
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Compare Your Savings Account Options at First National Bank Minnesota
Regular Savings | Preferred Savings | First Young Investors | Christmas Club Savings | |
|---|---|---|---|---|
Minimum Opening Deposit | $300 | $1,000 | $5 | $5 |
Minimum Daily Balance to Avoid Fees | $300 | $1,000 | $0 | $0 |
Earns Interest | Yes, balances earn interest at a tiered level | Yes, balances earn interest at a tiered level | Yes, balances earn interest at a tiered level | Yes, interest is compounded annually and paid annually in October |
Statements | Free e-Statement | Free e-Statement | Free e-Statement | Free e-Statement |
Monthly Service Fee/ | $5 monthly | $10 monthly service | No monthly fees | No monthly fees |
Features & Options | Online & Mobile Banking Account for customers age 19 and older | Online & Mobile Banking | Online & Mobile Banking | A check is mailed annually in October for the account balance plus interest |
Health Savings Accounts
Unexpected medical expenses can happen to anyone. Even if you have health insurance, you can still pay thousands of dollars before you hit your deductible. A health savings account from First National Bank Minnesota can help bridge that gap. 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. Learn more by watching the video below.
