First State Bank of Red Wing

Checking & Savings Accounts Effective March 3rd, 2022

Account Type Minimum Balance to Obtain APY Interest Rate Annual Percentage Yield (APY)
Now Account
$0-$2,499.99
.00%
.00%
Now Account
$2,500.00+
.05%
.05%
Regular Savings
$0.00
.15%
.15%
Money Market Checking
$0-$4,999.99
.00%
.00%
Money Market Checking
$5,000.00+
.25%
.25%
Golden Money Market Account
$0-$9,999.99
.00%
.00%
Golden Money Market Account
$10,000-$74,999
.20%
.20%
Golden Money Market Account
$75,000 +
.30%
.30%

Fees may reduce earnings on these accounts.
Rates may change after the account is opened.

Daily Balance = the amount of principal in the account each day.

For additional information about these accounts, please see our Truth in Savings Disclosures of Deposit Accounts or a personal banker.

Certificates Of Deposit Effective December 2, 2020

Account Type Minimum Balance Required to
Open Certificate of Deposit
Interest Rate Annual Percentage Yield (APY)
3 months
$500.00
.10%
.10%
6 months
$500.00
.15%
.15%
12 months
$500.00
.20%
.20%
24 months
$500.00
.25%
.25%
36 months
$500.00
.40%
.40%
48 months
$500.00
.50%
.50%
60 months
$500.00
.60%
.60%
72 months
$500.00
.75%
.75%

Subject to early withdrawal penalty.

Daily Balance = the amount of principal in the account each day.

The Certificate Of Deposit APY assumes interest will remain on the deposit until maturity. A withdrawal will reduce earnings.

For additional information about these accounts, please see our Truth in Savings Disclosures of Deposit Accounts or a personal banker.