First State Bank of Red Wing

Regular Savings

  • A minimum balance of $100.00 is required.
  • A service charge of $5.00 per quarter is applied to those accounts, which fall below $100.00.
  • Senior citizens 62 or older, minors under 21, and organizations are exempt from the charge.
  • Interest will compound daily and credit to the account quarterly.

Certificates of Deposit

Maturities range from 3 months to 6 years. A $500.00 minimum deposit is required to open an account.