Regular Savings

The Regular Savings Account is your ticket to increased savings. Get an interest bearing account with an easy-to-use record keeping book and the ability to make deposits and withdrawals anytime.

With easy access to funds, a solid interest rate, and a low minimum balance, this account is perfect for you no matter how far along you are on the path to financial independence! 

Summary

  • Interest bearing
  • Low minimum balance
  • Free Online Banking
  • Free e-Statements
  • Free Citizens-On-Call Telephone Banking
  • FDIC Insured 

More Information

If you choose to go below a $50.00 average monthly balance during the monthly statement cycle, a $3.00 per month processing fee will be assessed. No interest will be paid any day on the daily balance below $100.00. Interest is paid on the daily collected balance to the account at month end.

View Current Rates

Apply Now


Investment Savings

INVESTOR ALERT: Those on the lookout for a great opportunity should take note of this amazing deal!

Make the most of your savings, earning interest without sacrificing liquidity. Tiered interest rates maximize your dividends -- as your balance goes up, so do your returns. 

You earn a tiered variable rate on your entire collected balance when minimum balance requirements are met. You can access your money by making a withdrawal at any Citizens office. 

Summary

  • Tiered interest rate to maximize earnings
  • Free Online Banking
  • Free e-Statements
  • Free Citizens-On-Call Telephone Banking

More Information

$1000.00 minimum to open. If you choose to go below the $1000.00 minimum balance during the monthly statement cycle, a $10.00 processing fee will be assessed and no interest is paid on daily collected balance.

View Current Rates

Apply Now


Individual Retirement Account (IRA)

The future will be here before you know it, and while it may not be full of flying cars and robot maids, you can make sure you've got everything you need by starting an IRA today.

Citizens Bank Minnesota offers many FDIC-insured IRA options to choose from, and knowledgeable client service representatives to help you decide which is the best choice for you.

Summary

  • Competitive rates 
  • Flexible terms 

Types of IRAs

We offer a variety of IRA options to suit your unique needs:

  • Traditional IRA is a special tax-deferred* savings plan authorized by the federal government to encourage you to accumulate money for retirement. 
  • Roth IRA is an individual retirement account to which participants can make annual nondeductible contributions. Unlike a Traditional IRA in which your earnings are tax-deferred, Roth IRA earnings can be tax-free.* 
  • Simplified Employee Pension (SEP) IRA is a written plan that allows you to make contributions toward your own retirement account and those of your eligible employees.
  • *Please consult your tax advisor.
Apply Now


Health Savings Account (HSA)

Staying healthy doesn't have to cost an arm and a leg. With an HSA, you can start saving for future medical costs so that you have the funds when you need them.

An HSA is a tax-exempt custodial account established for the purpose of paying medical expenses in conjunction with a high-deductible health care plan.

Summary

  • Interest bearing
  • Possible tax advantages*
  • Free check card
  • Free Online Banking
  • Online Bill Payment
  • Low annual fee**
  • No minimum balance
  • Money may be used for any qualifying medical expense

More Information

Interest is paid on daily collected balance and will be credited to the account monthly. No annual fee will be collected when your account is enrolled with e-statements otherwise a $10.00 annual fee will be collected in June. Contribution limits apply. IRA transfer and closure fees apply.

View Current Rates

Apply Now

*Please consult your tax advisor. **Annual fee waived when enrolled with e-statements.


Educational Savings Account

With tuition costs rising in these already difficult financial times, it's getting harder and harder to afford higher education. So why not start setting some money aside where it can earn interest until you need it?

An Educational Savings Account is an ideal way for you to begin saving money to help a child, grandchild, or any young person you know pay for higher education expenses down the road.

While contributions to an Educational Savings Account are not tax deductible, distributions used to pay for the qualified education costs of the named beneficiary are generally tax-free.

Summary

  • Competitive rates 
  • Flexible terms 
  • Possible tax benefits* 
  • Personal service 
Apply Now

*Please consult your tax advisor.


Certificate of Deposit

When you get a CD from Citizens Bank Minnesota, it may not play music, but it will bring returns that will be music to your ears.

Lock in a great rate for a set time period, from 3 months to 8 years, then just let your money bring in the dividends. When the CD has matured, you'll find there's more in there than there was before, and you didn't have to do a thing.

Summary

  • No monthly processing fee
  • Competitive rates
  • $500 minimum deposit is required
  • Penalty for early withdrawal is 12 months loss of interest, $25.00 minimum penalty.

More Information

After certificate is issued, no additional deposits are allowed. Basis 365 days. The 36 month investors choice certificate allows you to change the interest rate once during the term of the certificate. At the time you choose to exercise this option, present the certificate at the bank to obtain the current 36 month investors choice interest rate for the remaining term of the original certificate.

View Current Rates

Apply Now


Ultimate CD

There are good interest rates out there... but there's only one ULTIMATE. This CD is hard to beat -- combining the flexibility of a savings account with the high market rates of a CD.

Get high interest rates and the freedom to deposit more funds anytime. You can even take money out during the term if you need to. Outstanding rates without losing access to your money -- no wonder we call it the Ultimate!

Summary

  • Variable tiered interest rate
  • Interest compounded and paid quarterly
  • No maturity date
  • Unlimited deposits
  • No monthly processing fee
  • One no-fee withdrawal per quarter*
  • Interest can be automatically transferred to another Citizens account
  • $1,000 minimum to open, $1000 minimum withdrawal, $100 minimum additional deposits.

More Information

No interest will be paid any day on the daily balance below $1000.00. Interest is paid on the daily collected balance and credited to the account quarterly. *One withdrawal within the first 5 business days of each calendar quarter. (Jan., Apr., Jul., Oct.). Additional withdrawals: $50.00 processing fee plus 5% of amount withdrawn.

View Current Rates

Apply Now

Log In to Online Banking

Enroll | Forgot My Password

Make sure your loved ones are covered

Let's put our 126 years combined experience in the insurance industry to work for you.

Tell me more >>

Protect what drives your farming success

Farm equipment is one of your biggest investments - protect your future and insure these assets.

Tell me more >>

Protect your business and it's assets

With our wide range of business insurance services, we can help make sure you're covered.

Tell me more >>