Interest Rates and Annual Percentage Yield Current as of June 1st, 2023.
CHECKING AND SAVINGS ACCOUNT INFORMATION:
Interest rates and annual percentage yield may change after opening. The interest rate and annual percentage yield (APY) are accurate as of the date indicated at the top of this page. If you would like more current rate and yield information, please call us at (320) 864-3171. At our discretion, we may change the interest rate on accounts at any time. Interest begins to accrue on the business day you deposit non-cash items (for example, checks) into your account. Fees could reduce the earnings on the accounts. During any calendar month or statement cycle of a least 4 weeks, you may not make more than six withdrawals or transfers from your Money Market or Savings account to another account of yours or to a third party by means of a preauthorized, automatic, or telephone transfer, or transfers or withdrawals made by check, draft, debit card or similar order to a third party. Contact a bank associate for more information.
CERTIFICATE OF DEPOSIT DISCLOSURE:
Rate and Annual Percentage Yield Information: Certificates of Deposit are interest-bearing accounts. The interest rate and annual percentage yield are accurate as of the date indicated at the top of this
Balance Information: The minimum balance to obtain the disclosed annual percentage yield is $0.01. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Deposit Limitations: After the account is opened, you may not make any deposits.
Early Withdrawal Penalties: For a Certificates of Deposit of
Renewal: This account will automatically renew. You will have a grace period of 10 calendar days after the maturity date to withdraw funds without a penalty. If you do not withdraw the funds, each renewal term will be for an identical term as the original term. If your account is not renewed, the funds will be paid directly to you.