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Deposit Products

Security Bank Minnesota offers a wide range of depository accounts and services. Stop in and visit with one of our friendly customer service representatives today for complete details.

Savings Account


  Economy Savings
 
  • $25.00 minimum balance
  • Must be 18 years or younger
  • No monthly service charge
  • Limited to 6 withdrawals per month
  • Interest bearing if minimum balance maintained, with interest rate subject to change, interest is compounded monthly

  Regular Savings
 
  • $100.00 minimum balance
  • No service charge unless average balance falls below minimum, then $3.00 per month
  • Limited to 6 withdrawals per month
  • Interest bearing if minimum balance maintained, with interest rate subject to change, interest is compounded monthly

  Money Market Investment Savings
 
  • $1,000.00 minimum balance
  • No service charge unless average balance falls below minimum, then $10.00 per month
  • Limited to 6 withdrawals per month
  • Interest bearing with interest rate subject to change, interest is compounded monthly
  • Interest rate is tiered subject to corresponding balance

  Health Savings Accounts
 
  • Great product for employees that are considered to be in a high deductible health insurance plans
  • We offer competitive rates
  • Inquire with our customer service for complete details

  Certificates of Deposit
 
  • Competitive Rates

  IRA’s
 
  • Traditional IRA’s
  • Roth IRA’s
 



Personal Checking

 

  Economy Checking
 
  • No minimum balance
  • Non-interest bearing
  • Service charge $4.00 per month ... no additional item charge
  • Minimum opening deposit $20.00

  Checking 100
 
  • $100.00 minimum average daily balance
  • Non-interest bearing
  • No monthly service charge unless the average daily balance falls below the minimum, than $1.00 per month and $.25 per debit to account
  • Minimum opening deposit $20.00

  Freestyle Checking
 
  • No minimum balance
  • No monthly maintenance fee
  • No per item charges
  • Non interest bearing
  • On line statement available at no charge
  • Minimum opening deposit $20.00

  Interest Checking
 

Tier #1
  • $500.00 MINIMUM AVERAGE DAILY BALANCE REQUIRED.
  • MINIMUM OPENING DEPOSIT $20.00
  • INTEREST RATE TIERED AND SUBJECT TO CHANGE, WITH INTEREST COMPOUNDED MONTHLY
  • NO SERVICE CHARGE UNLESS AVERAGE BALANCE FALLS BELOW MINIMUM, THEN $6.00 PER MONTH AND $.20 PER DEBIT TO ACCOUNT

Tier #2
  • $2,500 MINIMUM AVERAGE DAILY BALANCE REQUIRED.
  • MINIMUM OPENING DEPOSIT $20.00
  • INTEREST RATE TIERED AND SUBJECT TO CHANGE, WITH INTEREST COMPOUNDED MONTHLY
  • NO SERVICE CHARGE UNLESS AVERAGE DAILY BALANCE FALLS BELOW MINIMUM, THEN $6.00 PER MONTH AND $.20 PER DEBIT TO ACCOUNT

  Security Club
 
  • No minimum balance
  • Non-interest bearing
  • $3.00 discount on check orders
  • Monthly service charge of $6.00
  • No per item charge
  • Free money orders (limit of 3 per visit)
  • $5.00 annual discount on safe deposit box
  • $6.00 annual discount on cash/check card
  • $3% discount on Security Plus Checking line of credit (lines of credit are subject to qualification)
  • Minimum opening deposit $20.00

  Security Gold
 
  • $10,000.00 minimum average daily balance required
  • Interest bearing account, rate is subject to change and is compounded monthly
  • No monthly service charge unless balance falls below minimum average daily, then $10.00 per month and $0.20 per debit to account
  • Free checks
  • Minimum opening deposit $20.00

Senior Checking     
  • No minumum balance
  • No monthly service charge
  • Non-interest bearing
  • Must be age 55 or greater
  • Minimum opening deposit $20.00

With any Security Bank checking plan, our customers receive free notary service and an instant cash card at no charge. Usage fees may apply.

 



Business Checking

All business accounts feature a month-end statement and account analysis statement showing fees based upon services used and earnings credit analysis (if applicable). Please refer to service fees brochure for additional services and charges. Please visit with one of Security Bank Minnesota's bankers to determine which account best serves your needs.
 
Basic Business Checking
 
  • Account Maintenance Fee -- no charge
  • Earnings Credit -- none, non-profit corporations and sole proprietors may earn interest
  • Per Check or Debit -- $0.14 fee
  • Per Deposit or Credit -- $0.25 fee
  • Items Drawn on Us Deposit -- no charge
  • Local Item Deposit -- $0.04 fee
  • Transit Item Deposit -- $0.06 fee
  • Drawing on Uncollected Funds -- a charge will be assessed based upon the daily uncollected funds used and a rate equal to Wall Street Journal prime rate plus 2%


  Classic Business Checking
 
  • Account Maintenance Fee -- no charge
  • Earnings credit – none
  • Per deposit item charge – none
  • Per check or debt item charge - $.35 after the 1st 50 items
  • Items Drawn on Us Deposit -- no charge
  • Transit item deposit charge – none
  • Drawing on uncollected funds – a charge will be assessed based upon the daily uncollected funds used and a rate equal to Wall Street Journal prime rate plus 2%

  Premium Business Checking
 
  • Account Maintenance Fee -- $8.00 per month
  • Earnings Credit -- earnings credit is calculated on 90% of the account's monthly average collected balance; the credit rate paid is equal to the average 90-day treasury bill rate and is adjusted monthly
  • Per Check or Debit -- $0.14 fee
  • Per Deposit or Credit -- $0.25 fee
  • Items Drawn on Us Deposit -- no charge
  • Local Item Deposit -- $0.04 fee
  • Transit Item Deposit -- $0.06 fee
  • Drawing on Uncollected Funds -- a charge will be assessed based upon the daily uncollected funds used and a rate equal to Wall Street Journal prime rate plus 2%