Rates and Fees

Certificates Minimum Opening
Deposit*
Interest Rate/APY
91 Day $7,500.00 0.10% / 0.10%
182 Day $10,000.00 0.20% / 0.20%
12 Month $500.00 0.25% / 0.25%
12 Month (Over $10,000.00) $10,000.00 0.30% / 0.30%
18 Month $500.00 0.40% / 0.40%
24 Month $500.00 0.50% / 0.50%
36 Month $500.00 0.80% / 0.80%
48 Month $500.00 1.00% / 1.00%
60 Month $500.00 1.10% / 1.10%

*The Minimum Opening Deposit is the same as the Minimum Balance to obtain the Annual Percentage Yield (APY).

Product Name Minimum Opening
Deposit
Minimum Balance to
Obtain Annual Percentage Rate
Interest Rate/APY
IRA Savings $500.00 $500.00 1.25% / 1.25%
Health Savings
Account
None $1,000.00 0.05% / 0.05%

 

Products Minimum Opening
Deposit
Minimum Balance to Obtain
Annual Percentage Yield*
Interest Rate/APY
NOW Account $1,000.00 $1,000.00 0.05% / 0.05%
Senior Gold 55 $500.00 $500.00 0.05% / 0.05%
Elite $100.00 $1,000.00 0.05% / 0.05%
Elite 55 $100.00 $1,000.00 0.05% / 0.05%
Commercial $200.00 $500.00 0.10% / 0.10%
Student Checking $25.00 $1,000.00 0.05% / 0.05%

*Minimum balance is figured using the Average Daily Balance.  The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Savings Product Balance  Interest Rate/APY

Youth Savings

$10.00 and up 0.10% / 0.10%

Thrift Savings

$50.00 and up 0.10% / 0.10%

Money Market

$2,500.00 - $9,999.99 0.05% / 0.05%
$10,000.00 - $24,999.99 0.10% / 0.10%
$25,000.00 - $99,999.99 0.15% / 0.15%
$100,000.00 and up 0.20% / 0.20%

 

ATM Cards $5.00 Set up
$5.00 Replacement
IRA Transfer
Fee
$25.00
ATM Monthly
Maintenance Fee
$1.50 per month
Complimentary with
Elite accounts
Letters of Credit 2% or $300.00
minimum
Check Cashing Free for current customers
Non-customers:  5% or
$20.00 minimum
Levies &
Garnishments
$35.00 each
Coin Counting 5% fee Overdraft Fee
(An overdraft item may
be created by check, in-
person withdrawal or
other electronic means)
$30.00 each Star Free
Overdraft & Return Item
$25.00 each Senior Gold,
NOW, or Elite Checking
overdraft or return item
$150.00 daily maximum
for non-commercial
accounts
Collection Items - sent
to First National Bank
Mahnomen Twin Valley
$25.00 each Continuous
Overdraft Fee
(Daily fee for an
outstanding overdraft
status)
$5.00 per day
If the account is
overdrawn for 5
consecutive days.
Counter Checks $1.00 each Returned Deposit
Item Charge
$5.00 each
Debit Cards $10.00 set up fee
$10.00 replacement
$5.00 PIN reset
$5.00 reactivation
Dormant Accounts A monthly service charge
may be assessed after 
12 inactive months.
Debit Card Monthly
Maintenance Fee
$1.50 per month
Complimentary with
Elite accounts
Savings or Checking
Closures
$10.00 if closed within
6 months of date opened

 

Account Research
& Reconciliation
$25.00/hour
$10.00 minimum
Money Orders
Bank or Money-Gram
$2.00 each
Complimentary with
Elite accounts
Amortization
Schedule
$15.00 Notary Services Free for current customers
Non-customers $5.00 each
Annual Overdraft
Protection
$25.00 Photocopies $0.25 per page
Deposit Bags - Locked $25.00 each Telephone
Transfers
$2.00 each
Complimentary with
Elite accounts
Faxing $1.00/page for local
$2.00/page for long distance
Stop Payments $25.00 each
Complimentary with
Elite accounts
Image Statement
on disk

 
$10.00/month
$40.00 for 1 year
Undeliverable
Mail
$5.00 per item
Instant Statement $1.00 each Wire Transfers

For current customers:
Incoming:  Free
Outgoing:  $25.00 each
For Non-customers:
Incoming:  $40.00 each
Outgoing:  $50.00 each

 

Both Mahnomen and Twin Valley branches have Safe Deposit Boxes available.

X-Small 5 1/2" x 2 1/2" $15.00 per year*
Small 5" x 5" $20.00 per year
Medium 10 1/4" x 3 " $25.00 per year
Large 10 1/4" x 5 1/4" $30.00 per year
X-Large 10 1/4" x 11" $40.00 per year

*X-Small boxes are only available at the Mahnomen branch.

Key Replacement Fee:  $10.00

Box Drilling Fee:  $180.00