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;
|$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|
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- Free FirstCall 24-hour telephone account information
Access by dialing 507-645-0610
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