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ira accounts
savings accounts
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T r adiTiona l i r a *
This plan provides a personal savings plan for the future.
MNB offers several retirement account options, from
MMIRA to Certificates of Deposit, each designed to
visit us on the web:
www.mn-bank.com
put your savings plan in
good hands
meet individual needs and lifesyles. Contributions may
be fully or partially tax deductible. Earnings are tax
deferred until withdrawal.
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R oth IR A *
This plan is available for married couples with income
below $169,000 and single filers with income below
$116,000.
The non-deductible annual contribution limit is $5,000
and ($6,000 if you are 50 or older) and distributions are
tax-free if held for 5 years. Tax-free distributions may
begin at age 59 1/2 or may be made if money will be used
to purchase a first home. Contributions are allowed for
those over age 70 1/2 and working.
Funds can be invested in either money market or
certificate products.
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sauk centre
235 Main street
e ducation iR a * p.o. Box 306
sauk centre, Mn 56378
This plan is a great way to save for a child’s education. 320.352.5211
The non-deductible annual contribution limit is $2,000
Long Prairie • PeLican raPids
and distributions for qualified purposes are tax-free. This
706 lake street south 1001 south Broadway
plan is being offered with no annual fees. Funds can be p.o. Box 88 p.o. Box 624
invested in either money market or certificate products. long prairie, Mn 56347 pelican rapids, Mn 56572
320.732.2133 218.863.6688
*A penalty will be imposed for early withdrawal. In addition, early
withdrawal of IRA funds require an IRS penalty. A closing and annual
fee may be imposed, reducing earnings on the account.
savings accounts
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Personal s av i n g s o p t i o n s
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investor’s premium
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cd’s
At Minnesota National Bank, we have many ways to A high-yielding savings account with the unique option For a more secure financial future
help you reach your savings goals. Whether you need of writing three checks per month
With a wide range of terms and competitive interest
liquidity, higher rates, or even a savings plan for holiday
This plan is designed for people who want high yields, rates, Certificates of Deposit are an appropriate way to
expenses, we have the insured saving plan for you.
liquidity, security and convenience. Balances of $25,000 meet a multitude of investment needs.
money 1 market insured
and greater earn a return that’s competitive to uninsured
money market funds of leading brokerage houses. When
the balance falls below $25,000 the rate of return drops
to the regular Statement Savings rate.
When you purchase a CD, you make a commitment to
invest a particular amount of money for a specific period
of time. In return for that commitment, we offer a higher
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rate of interest than you could typically earn with most
A high yielding account with unlimited in-person
christmas
savings accounts.
withdrawals
This plan is designed for those who want to take
With our savings certificates you can enjoy secure
advantage of attractive money market interest rates. With club principal, a high interest rate and a predictable return.
this account, the more money you deposit, the more it An easy way to save for your holiday shopping
earns, because the interest rates are tiered. Your interest
We offer a variety of options that make it easy to invest
is accrued daily and is paid monthly. This plan is designed to help those who want to plan for
in a CD that meets your individual needs. There are
holiday shopping. This account provides a higher rate of
Balances below $2,500 will earn the regular Statement terms ranging from 91 days to 60 months with most
return than the regular Statement Savings rate and you
Savings rate. Rate tiers are as follows: minimums starting at $500.00. A penalty is imposed for
choose the amount you want to save!
Tier 1 - $0 to $2,499.99 early withdrawal.
Tier 2 - $2,500.00 to $9,999.99
You can make deposits directly or automatically from
Tier 3 - $10,000.00 to $24,999.99 To learn more about the Certificates of Deposit or our
your checking account. At the end of the club period,
Tier 4 - $25,000.00 to $49,999.99 other investment options, please talk with one of our
around October 10th, the funds in the account will be
Tier 5 - $50,000.00 and up Personal Bankers.
sent to you by check or deposited to another account.
The monthly fee of $1.00 is waived if a $50.00 balance
is maintained. The fee is also waived if you are under In the spirit of Christmas, this account does not have a
age 20. maintenance fee.