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First National Bank of Cokato

First National Bank of Cokato

Savings

Savings* or Money Market* account can help grow your money, while keeping it safe and FDIC insured.
Stop by and open an account to start saving today!
 

Regular Savings

  • Interest rate may vary.
  • Interest is compounded and credited to the account quarterly.  Interest is not paid when balance falls below $50.
  • If the balance falls below $50 any day during the month, a service charge of $1.00 for the month will be assessed.
  • Choice of electronic or paper statement, provided quarterly. If an electronic transaction occurs during a month, the statement will generate monthly.
  • You may make six (6) pre-authorized, automatic, electronic, or telephone transfer withdrawals from your account each calendar month. These transactions include:
    • Automatic transfers from Savings into another account (does not include loan payments to First National Bank)
    • Check payable to a 3rd party
    • Debit card transaction
    • Transfers to another account of the same depositor, or to a 3rd party, made by:
      • Automatic transfer
      • ACH
      • Telephone
      • Fax
      • First National Bank online banking
 
 

Money Market Savings

 
  • Interest rate may vary.
  • Interest is compounded and credited to the account quarterly.
  • No service charge if a balance of $2,500 is maintained.
  • If the balance falls below $2,500 any day during the month, a service charge of $5.00 for the month will be assessed, and the account may earn interest at a reduced rate.
  • Choice of electronic or paper statement, provided quarterly. If an electronic transaction occurs during a month, statement will generate monthly.
  • You may make six (6) pre-authorized, automatic, electronic, or telephone transfer withdrawals from your account each calendar month. These transactions include:
    • Automatic transfers from Money Market Savings into another account (does not include loan payments to First National Bank)
    • Check payable to a 3rd party
    • Debit card transaction
    • Transfers to another account of the same depositor, or to a 3rd party, made by:
      • Automatic transfer
      • ACH
      • Telephone
      • Fax
      • First National Bank online banking
 
 
*Other terms and conditions apply. Contact us for further details.