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