Regular Savings

• $10.00 minimum opening deposit
• Interest is compounded daily and paid quarterly
• $1.00 per month service charge if average monthly balance is less than $50.00
• Competitive interest rate
• Quarterly statement, unless combined with monthly checking statement
• Balance may be used as collateral for a loan
• No penalty for withdrawal

College Tuition

• $50.00 minimum opening deposit
• After initial deposit - no deposit requirements
• Interest is compounded and paid quarterly
• Matures at age 18 
• Penalty for early withdrawal
• Guaranteed Interest Rate
• Convenient way to fund higher education

• No monthly service charge unless your average daily balance falls below $1,000; then a service charge of $5.00 per month is applied
• Six transactions per month (three checks and three transfers) - over six cost is $.15 per transaction
• Interest rates are tiered according to account balance
• Earn high rate of interest but remain liquid
• Interest is compounded daily and credited every statement cycle

Certificate of Deposit

• $500.00 minimum opening deposit
• Maturity dates can vary from three months to three years
• Interest rate is different for each maturity
• Interest is compounded quarterly
• Interest may be paid monthly, quarterly, semiannually, annually, or at maturity
• Penalty for early withdrawal
• 10 day grace periods after maturity to withdraw funds
• Automatic renewals
• Competitive rates
• May be used as collateral for a loan
• 3-Option Certificate of Deposit
  • One-time option during term to increase rate
  • One-time option during term to withdrawal funds up to 25% of origianl amount without penalty
  • One-time option during term to add$500 or more to certificate

Club Koala

At Kanabec State Bank we want to develop a banking relationship with kids to help them gain responsibility and learn benefits of good banking skills.

• For kids ages 0-12
• Minimum opening deposit is $1.00
• Social Security number and date of birth required at time of account opening
• Interest is compounded daily and paid quarterly
• No penalty for withdrawals

We have lots of perks to keep that

incentiveto “SAVE” a priority!

• Special Club activities
• Quarterly newsletter just for kids
• Quarterly statement
• Learn good banking skills
• Membership card
• Competitive interest rate

Junior Investors Club

At Kanabec State Bank we like to develop banking relationships early in life and want to help teens learn the benefits of good banking skills.

• For kids ages 13-18
• Minimum opening deposit of $10.00
• Social Security number and date of birth required at time of opening account
• Interest is compounded daily and paid quarterly
• No penalty for withdrawals
• Quarterly statement
• Competitive interest rate
• Receive special cover, membership card, and quarterly newsletter
• Checking accounts are available to qualified individuals