The bank will be closing at 1:00pm Monday 3/25 due to inclement weather.

Business Savings


Put your money to work with a Northwoods Bank Savings Account that gives you ready access to your funds with no transaction fees.  Enjoy the peace of mind knowing that your deposits are covered by the FDIC up to the maximum allowed by law. Pick the right account for you from the chart below and contact a Personal Banker to open or obtain more information.

Prime Access Account

Money Market Account

Passbook Savings Account

Account Description

A savings account that combines the flexibility of a savings account with the interest earning potential of a Certificate of Deposit

A tiered rate savings account with limited check writing

A minimum deposit savings account to help you save

Minimum Balance to open

$1,000 to open

$5,000 to open

$250 to open

Monthly Service charge if Balance drops below minimum

$10 fee per month if balance drops below $1000

$5.00 fee per month if balance drops below $500

$3.00 fee per month if balance drops below $250

Other Account Benefits

Tiered rates. Unlimited deposits at any time. No withdrawal penalties. No maturity date.

Tiered rates. Complimentary 30 pack of checks. 

Tiered rates. Accepts automatic deposits. Accepts automatic payments to loan.

Servicing Park Rapids, MN And The Surrounding Areas

Family owned and operated since 1919

Our team members greet you with a smile and the expertise you are looking for!

  • 218.732.7221
  • 1200 First St E
    Park Rapids, MN 56470
    NMLS #416535

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