Personal Savings Accounts

First Minnesota Savings

Our First Minnesota Savings account features no monthly service fee and offers tiered interest on all balances of $50 and above.

  • Tiered interest paid on daily balances of $50 and above
  • Interest compounded daily, credited quarterly
  • Minimum balance to open account - $50
  • Minimum daily balance - $300.00
  • Minimum balance fee - $3.50

Preferred Saving

Our Preferred Savings account offers high potential for growth – but without any monthly service fees.

  • Tiered interest paid on average daily collected balances of $1,000 and above
  • Interest compounded, credited month
  • Minimum balance to open account - $5,000
  • Minimum daily balance - $500.00
  • Minimum balance fee - $7.50


First Investors Saving

Our First Investors Savings account offers tiered rates and monthly compounded interest.

  • Tiered interest paid on average daily collected balances of $10,000 and above
  • Interest compounded, credited monthly
  • Minimum balance to open account - $10,000
  • Minimum balance fee if balance drops below $10,000 is $20.00 for that month
  • Excess debit fee - $10.00 per debit if more than 6 per month


First Minnesota Kids’ Savings

Our First Minnesota Kids' Savings account is available for children age 16 and under with no minimums! This account is a great way for parents to teach their kids about finances. It features no minimum balance, no monthly service fees and tiered interest paid on daily balances of $50 and above.