Current Rates
First State Bank of Red Wing
EFFECTIVE – June 25, 2025
| Account Type | Minimum Balance To Obtain APY | Interest Rate | Annual Percentage Yield (APY) |
|---|---|---|---|
|
Now Account Checking |
$0-$2499.99 $2500.00+ |
0.00% 0.10% |
0.00% 0.10% |
|
Regular Savings |
$0 |
0.10% |
0.10% |
|
Money Market Checking |
$0-$4999.99 $5000.00+ |
0.00% 0.25% |
0.00% 0.25% |
|
Golden Money Market Checking |
$0-$9999.99 $10,000.00-$74,999 $75,000+ |
0.10% 0.35% 0.50% |
0.10% 0.35% 0.50% |
The rate and APY may change after the account is open. Fees could reduce earnings on an account.
Certificates of Deposit
| Rate Period: | Rate | Annual Percentage Yield (APY) |
|---|---|---|
|
3 Months |
.70% |
.70% |
|
6 Months |
3.50% |
3.55% |
|
12 Months |
3.20% |
3.20% |
|
24 Months |
3.00% |
3.00% |
|
36 Months |
2.10% |
2.10% |
|
48 Months |
2.00% |
2.00% |
|
60 Months |
1.60% |
1.60% |
|
72 Months |
1.40% |
1.40% |
Certificates of Deposit require a $500.00 deposit to open the account and obtain the APY. A penalty may be imposed on a Certificate of Deposit if there is an early withdrawal.
Daily Balance (the amount of principle 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.
Member FDIC