Personal Banking
Savings, Money Markets,
Certificates of Deposit

 

Whether you're opening your first savings account or adding to a long-term savings plan, we will help you set aside money in a way that makes sense for you.

There's nothing more rewarding than making your money work for you. So when you open a Minnesota Bank & Trust savings account, you can rest assured your money will work hard, earning a very competitive rate of return. Plus, you can take comfort in knowing your hard-earned money is safe, because it's insured by the FDIC.*
*Up to at least $250,000 per depositor through December 31, 2013.

Statement Savings

A traditional savings account to meet the needs of all customers.

  • Monthly statement
  • Minimum initial deposit of $100
  • Very competitive rate
  • Interest is compounded and credited quarterly

High Yield Savings

Get the most out of your significant savings with our high-yield savings product.

  • Monthly statement
  • $10,000 opening deposit
  • Tiered Interest

Money Market Accounts

Enjoy the freedom of writing (limited) checks while earning competitive interest rates with our Money Market accounts. You'll receive an easy-to-read statement of your account activity each month.

Standard Money Market

  • Tiered interest rates
  • $2,500 minimum opening deposit
  • Free online banking
  • Free 24-hour telephone banking with Answer Line

Premium Money Market

  • Earn competitive tiered interest rates on higher balances
  • $25,000 minimum opening deposit
  • Free online banking
  • Withdrawals, deposits, and transfers at Minnesota Bank & Trust ATMs
  • Free 24-hour telephone banking with Answer Line
  • Special rates paid on balances of $1,000,000 and above

Certificates of Deposit

  • Interest compounded semiannually
  • Variety of terms available
  • $1,000 required to open*
  • Combined statement available
  • View your account 24/7 through online banking
  • Free 24-hour telephone banking with Answer Line

 

CDARS

Get FDIC Insurance on balances up to $30 million.

Using the Certificate of Deposit Account Registry Service® (CDARS®), we can allow investors to deposit funds over $100,000 and still be eligible for the security of FDIC insurance on every dollar. Your money is placed into CDs with denominations under $100,000, which are issued by other banks. You can identify banks where you do not wish your funds to be placed and you can review a list of banks where CDARS proposes to place your deposits. This allows you to fully insure your entire deposit, up to $30 million.

  • CD-level Rates. Your deposits earn CD-level returns, which may compare favorably to those associated with other investment alternatives.
  • Safety. Your deposits are eligible for up to $30 million in FDIC insurance coverage.
  • Convenience. By working with our bank, you earn one interest rate and receive one regular statement. You never have to track interest disbursements from various sources or manually consolidate account statements.
  • Privacy. Your CDs with other banks are identified only by a tracking number and your personal information is protected.
  • Community Investment. Your deposits can support lending opportunities that foster a stronger community.

Whether you are a private investor, corporation, small business, non-profit organization or a public sector group, you can take advantage of this unique service.

CDARS and the Certified Deposit Account Registry Service are service marks of Promontory Interfinancial Network, LLC.

Individual Retirement Accounts

An individual Retirement Account offers you a sure way to save for a comfortable retirement and is a valuable tax planning tool. Transfer funds from a previous employer's retirement plan that you want to roll into an IRA. We offer Traditional, Roth, and Education IRAs. You can choose from any of our Certificates of Deposit or IRA plans to meet your IRA investment needs.

*Does not apply to promotional specials