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Minnesota First


Minnesota First offers a variety of savings accounts designed to help you maximize your banking experience. Our savings accounts make it easy to watch your money grow.

We offer savings accounts for individuals, businesses and trusts.

Regular Savings Smart Savers Little Savers
(18 years of age and under)
Minimum Opening Deposit $200 $200 $20
Minimum Daily Balance $200 $200 $20
FDIC Insured Up to $250,000.00 Up to $250,000.00 Up to $250,000.00
Monthly Fees No No No
Quarterly Statements Yes Yes Yes
Interest Earning Yes Yes Yes
Special Features
  • Great rates no matter what the balance
  • The higher your balance, the more interest you earn
  • FREE piggy bank when account opened
  • Pick a toy from our treasure chest with each deposit

Truth in Savings Disclosure

Regular Savings and Smart Saver

Minimum balance to open the account – You must deposit and maintain a minimum of $200.00 in this account.

Deposits and withdrawals – You can make additional deposits in any amount. The minimum withdrawal is $25.00. We have the right to require 60 days notice of a withdrawal. If you make a deposit by a check or other instrument like a check, you cannot withdrawal the amount of the check or instrument until we have collected it, or such earlier date as may be required by applicable law.

Variable rate feature – Your Interest Rate is variable and the Annual Percentage Yield may be changed at any time at our discretion.

Compounding and crediting frequency – Interest will be compounded monthly. This means that, for the purposes of computing interest, the interest that you have accrued is added to your balance monthly, and we compute interest from that date based on the new balance. Interest is credited to your account on the last day of each month.

Daily balance computation method – We use the Daily Balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on non-cash deposits – Interest begins to accrue on the business day you deposit cash or noncash items (for example, checks).

To Open a Savings Account:

Download our Savings Account checklist, which will help you gather the information required to open your account. When you are ready, visit one of our convenient locations.

Savings Account Checklist

Putting You & Your Financial Needs First Since 1956

Contact Minnesota First

It is the policy of Minnesota First to conduct business only in Minnesota, Wisconsin and Iowa.

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