First State Bank of Red Wing

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.

DEPOSIT RATES EFFECTIVE February 15, 2023

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+
.10%
.10%
Regular Savings
$0.00
.15%
.15%
Money Market Checking
$0-$4,999.99
.00%
.00%
Money Market Checking
$5,000.00+
.35%
.35%
Golden Money Market Account
$0-$9,999.99
.10%
.10%
Golden Money Market Account
$10,000-$74,999
.35%
.35%
Golden Money Market Account
$75,000 +
.50%
.50%
Account Type Minimum Balance Required to
Open Certificate of Deposit
Interest Rate Annual Percentage Yield (APY)
3 months
$500.00
.30%
.30%
6 months
$500.00
.45%
.45%
*12 months Special*
$10,000.00
4.5%
4.58%
*$10,000.00 min new money* - Contact your local branch for other terms & conditions.
24 months
$500.00
.85%
.85%
36 months
$500.00
1.00%
1.00%
48 months
$500.00
1.15%
1.15%
60 months
$500.00
1.25%
1.25%
72 months
$500.00
1.55%
1.55%

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.