First National Bank of Northfield offers three savings accounts – Regular, Money Market and Heywood – to meet the varied needs of our customers. In addition, we’re also pleased to offer a no minimum balance account for Northfield’s youngest savers, kids under 18 years of age. If you’re interested, our current rates can be found here.
| Type | Description | Minimum Balance | Monthly Service Fees | Interest | Statement Cycle |
|---|---|---|---|---|---|
| Regular Savings | A low minimum balance account for savings. | $200 minimum balance (if over 18 years of age) | $2 maintenance fee per month if balance falls below $200. $1 per debit transaction after 3 per month if balance falls below $1,000. | Interest bearing; compounded daily and paid quarterly. | Quarterly statements |
| Money Market Savings | A convenient savings plan with money market rates paid. | $2,500 minimum balance | $10 maintenance fee per month if average balance falls below $2,500. $5 per debit transaction after 3 per statement cycle. | Interest bearing at money market rates; compounded and paid monthly. | Monthly statements |
| Heywood Money Market Savings | A savings account with higher returns at money market rates. Three levels of return: $10,000-$49,999; $50,000-$99,999; $100,000+. |
$10,000 minimum balance | $20 maintenance fee per month if average balance falls below $10,000. $5 per debit transaction after 3 per statement cycle. | Interest bearing at higher money market rates; compounded and paid monthly. | Monthly statements |
Additional Benefits
- Free online banking
Learn more about online banking » - E-statements available
Learn more about e-statements » - Free FirstCall 24-hour telephone account information
Access by dialing 507-645-0610
If you like what you see, contact us today to get started!
