Savings & CDs

All savings accounts include a variety of services that provide access to your funds and your account information. Choose any or all of the following services: Free Online Banking, Mobile Banking, Mobile Deposit, and e-Statements.

Lock in a great rate for a set time period with a Certificate of Deposit from 3 months to 8 years, then just let your money bring in the dividends. When the CD has matured, you'll find there's more in there than there was before, and you didn't have to do a thing.

Compare Accounts	Regular Savings	Investment Savings	WooHoo! Savings	WooHoo! U	Certificates of Deposit
Minimum balance required	$50	$1,000	$5,000	N/A	$500.00
Interest	See Rates	See Rates	See Rates	See Rates	See Rates
Highlights	Interest bearing Low minimum balance	Tiered interest rate	Tiered interest rate	Great tiered youth savings account	Competitive rates
Qualifications	N/A	N/A	Must have an active checking account with the same ownership.	Must have at least one Direct Deposit or Automatic Transfer Deposit Enroll and receive a monthly e-Statements No withdrawals Available for youth ages 0 - 17	$500.00 minimum deposit required $2,500.00 minimum deposit required for on Special CD's $500.00 minimum deposit for Special IRA CD's
More Info	More on Regular Savings	More on Investment Savings	More on WooHoo! Savings	More on WooHoo! U	More on Certificates of Deposit

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person taking photo of their check to deposit with their phone via mobile deposit

Go! Mobile Deposit

Go! Mobile Deposit allows customers to deposit checks to their Citizens Bank Minnesota checking and/or savings accounts using the camera on their iPhone or Android!

Learn More About Go! Mobile Deposit

More Information:

$3.00 per month processing fee will be imposed every statement cycle if the average ledger monthly balance for the statement cycle falls below $50.00.*

No interest earned on any day that the average collected balance falls below $100.00.*

*Does not apply to account holders under 25 years of age.

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$10.00 per month processing fee will be imposed every statement cycle if the average ledger balance for the statement cycle falls below $1,000.00. You must maintain a minimum average collected balance of $1,000.00 to obtain the disclosed annual percentage yield.

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To receive the bonus rate simply do the following each qualification cycle:

Must have an active checking account at Citizens Bank Minnesota with the same ownership and same tax identification number as the WooHoo! Savings Account.

*0.75% Annual Percentage Yield (APY) - 0.75% interest rate - paid on balances between $.01 and $14,999.99, 1.00% APY - paid on balances from $15,000 up to $49,999.99, 1.51% APY - paid on balances from $50,000 up to $99,999.99 and 2.02% APY - paid on balances from $100,000 and up each qualification cycle the minimum requirements are met. If these monthly requirements per qualification cycle (which is the same as your statement cycle) are met, we will pay a bonus interest rate. If these requirements are not met, your WooHoo! Savings will convert to a Regular Savings Account and applicable fees will apply. A processing fee of $10.00 will be imposed every statement cycle if the average ledger balance for the statement cycle falls below $5,000.00. Rates as of 6-2-2023. $5,000 minimum balance is required to open this account. We may change the interest rate & APY on your account weekly. We use the average collected balance method to calculate the interest on your account and interest will be compounded and credited every statement cycle. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Fees could reduce earnings on the account.

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3.04% Annual Percentage Yield (APY) -3.00% interest rate - paid on balances between one penny and $4,999.99, 3.04% - 1.00% APY - paid on balances from $5,000 up to $7,499.99, and 1.00% - 0.50% APY - paid on balances from $7,500 and up each qualification cycle the minimum requirements are met. If these monthly requirements per qualification cycle (which is the same as your statement cycle) are met, we will pay a bonus interest rate. If these monthly requirements per qualification cycle are not met, a non-qualified APY of 0.10% for the entire qualification cycle will be paid. The monthly requirements (per qualification cycle which is the same as your statement cycle) that must be met in order for you to receive the bonus interest rate are: have at least one Direct Deposit or Automatic Transfer Deposit post and settle per qualification cycle, must be enrolled and receive a monthly e-statement via internet banking, and no withdrawals made from the account during the qualification cycle. Rates as of 11/02/23. Available for personal accounts only. Only one account per social security number is allowed. Available for youth only 0 – 17 years of age. The month after the minor turns age 18, account will convert to a regular savings account and applicable fees will apply. No minimum balance is required to open this account. We may change the interest rate & APY on your account every statement cycle. We use the average collected balance method to calculate the interest on your account and interest will be compounded and credited every month. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

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After certificate is issued, no additional deposits are allowed. Basis 365 days.

Penalty for early withdrawal is 12 months loss of interest, $25.00 minimum penalty.