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

Personal 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 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

Regular Savings Account

Health 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
For Individuals enrolled in a High deductible health plan, who have no other first-dollar medical coverage, are not enrolled in Medicare , and are not claimed as a dependent on someone else's tax return
Minimum Balance to open
$1,000 to open
$5,000 to open
$250 to open
$250 minimum 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
Minimum $5000 balance to Waive the $2.00 monthly service charge
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.
After age 65, no restrictions on withdrawals.

Still not sure what account is right for you? Contact us and we will gladly help you pick the one just right for you.

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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