Personal

MinnStar Bank is ‘there for you’ to assist in making all your dreams come true. Let our friendly, knowledgeable staff help you pick the banking services that fits your needs. MinnStar Bank offers a variety of personal banking services including checking accounts, savings plans, loans, debit or credit cards, overdraft protection or safety deposit boxes.

Checking

Star Club Checking

With MinnStar Bank’s Star Club Checking account, you can take advantage of no minimum balance or per debit fee. The $9.00 monthly fee offers personalized checks (limited to one style), copying services, gift envelopes and unlimited check writing.

Minimum Balance Checking

With a Minimum Balance Checking account you are required to maintain a $100.00 minimum balance to avoid a minimum balance fee and a per debit fee. If the daily balance drops below $100.00 any day of the month, a monthly minimum balance fee of $7.00 and a per debit fee of $0.25 is charged for the entire statement cycle.

Interest Checking

An Interest Checking account with MinnStar Bank pays you interest for the average daily collected balance and adds the interest to your account balance on the statement cycle date. When you maintain the $500.00 minimum balance, you avoid a monthly minimum balance fee and a per debit fee. If the daily balance drops below $500.00 any day of the month, a monthly minimum balance fee of $10.00 and a per debit fee of $0.25 is charged for the entire statement cycle.

Senior Checking

If you are age 55 or over, you are eligible for MinnStar Bank’s Senior Checking account. There is no minimum balance requirement, no monthly fees and no charge for check writing and debits. Personalized checks (limited to one style) are at no charge.

Student Checking

MinnStar Bank’s Student Checking account has no minimum balance requirement or monthly fee. There is a per debit fee of $0.25. Qualifying maximum age is 22 years.

Loan Star Reserve

Our Loan Star Reserve is a consumer Line of Credit (LOC) for overdraft protection and small loan needs. Loan Star Reserve provides you with overdraft protection when your checking balance drops below a zero balance by automatically advancing from your personal line of credit. Interest is calculated on a fixed rate basis and payments are scheduled according to the outstanding balance. There are no monthly or annual fees for our Loan Star Reserve program.

They are available to all customers who have a checking account with MinnStar Bank and qualify for this financing product. Normally, these loans are unsecured but in certain cases, collateral may be required.


Savings

Passbook Savings

When you carry a checking account at MinnStar Bank, you are eligible for a Monthly Passbook Savings account, which automatically includes your savings account history on your monthly checking account statement. There is a $25.00 minimum balance required and interest is paid monthly based on the average daily balance. If your daily balance drops below $25.00 any day of the month, a monthly minimum balance fee of $3.00 is charged for the entire statement cycle. There is also an excess debit fee of $1.00 per debit after the first six (6) debits during each monthly statement cycle. The opening minimum balance is $100.00 for adults 18 and older and $25.00 for children under 18 years of age.

Quarterly Passbook Savings

MinnStar Bank’s Quarterly Passbook Savings account provides a quarterly statement of your savings account history. There is a $25.00 minimum balance required and interest is paid quarterly based on the average daily balance. If your daily balance drops below $25.00 any day of the quarter, a quarterly minimum balance fee of $7.00 is charged for the entire statement cycle. There is also an excess debit fee of $1.00 per debit after the first eighteen (18) debits during each quarterly statement cycle. The opening minimum balance is $100.00 for adults 18 and older and $25.00 for children under 18 years of age.

Money Market Savings

MinnStar Bank’s Money Market Savings account provides a monthly statement of your savings account history. If you have a checking account with us you are eligible to have your savings account history included on your monthly checking account statement. There is a $1,000.00 minimum balance required and a market rate of interest is paid monthly based on the average daily balance. If your daily balance drops below $1,000.00 any day of the month, a monthly minimum balance fee of $6.00 is charged for the entire statement cycle. This account has a limit of six (6) pre-authorized debits per month. There is also an excess debit fee of $6.00 per debit after the first six (6) debits during each monthly statement cycle.


Loans

Consumer Loans

Take advantage of MinnStar’s flexible loan opportunities for purchases like automobiles, trucks/pickups, recreational vehicles and campers, snowmobiles, ATV’s, motorcycles,  boats and pontoons. Our loans are flexible, convenient and qualified borrowers can be approved quickly. We offer competitive rates and auto pay discounts when they apply.

Loan Star Reserve

Our Loan Star Reserve is a consumer Line of Credit (LOC) for overdraft protection and small loan needs MinnStar Bank customers. Loan Star Reserve provides you with overdraft protection when your checking balance drops below a zero balance by automatically advancing from your personal line of credit. Interest is calculated on a fixed rate basis and payments are scheduled according to the outstanding balance. There are no monthly or annual fees for our Loan Star Reserve program.

They are available to all customers who have a checking account with MinnStar Bank and qualify for this financing product. Normally, these loans are unsecured but in certain cases, collateral may be required.

Applications

Interested in applying for a consumer loan with MinnStar Bank? A consumer loan officer at either location can provide you with details and loan application requirements. You can apply by fax, email, mail or in person.

Apply for a Loan

MinnStar Bank, Lake Crystal
507-726-2137
customerservicelc@minnstarbank.com

MinnStar Bank, Mankato
507-625-6816
customerservicemk@minnstarbank.com


Convenience Banking

MinnStar Debit Card

The MinnStar Debit Card offers you a convenient way to make purchases in less time and with fewer hassles. Simply present your debit card when making a purchase wherever Visa debit is accepted. The dollar amount of the purchase will automatically be deducted from your MinnStar Bank checking account. All debit card transactions will appear on your monthly checking account statement.

This card also allows you to instantly access cash through an ATM, 24/7, to let you bank the way your schedule allows.

Lost or Stolen Debit Card

Please contact MinnStar Bank during normal business hours. To report a lost or stolen debit card after hours please call 1-800-472-3272.

MinnStar Bank ATM Locations

Collis-C-Store
201 MN-Hwy 60
Lake Crystal, MN 56055

MinnStar Bank Drive-up
201 Poplar Street
Mankato, MN 56001


Investments

Individual Retirement Accounts, IRAs

It’s never too late to start planning for your retirement. MinnStar Bank offers Traditional and Roth Individual Retirement Accounts (IRAs). A professional tax advisor can tell you which IRA is right for you. Accounts can be opened or funded anytime until your federal tax return is due, which is typically April 15th of the following year. Your retirement funds can be invested in a Certificate of Deposit or a savings account. Your IRA investments are eligible for insurance by the FDIC (Federal Deposit Insurance Corporation) up to $250,000.00. To open a new IRA, transfer or rollover your present account(s) from another location to us, contact MinnStar Bank at either location.

Certificate of Deposit

A Certificate of Deposit offer premium earnings with true security and is an ideal savings tool for many. In exchange for committing your savings dollars for a specified length of time, you will be rewarded with a competitive rate of return and the peace of mind that you are saving for your future in a safe manner.

How does a Certificate of Deposit work? You will first determine the amount of money you wish to deposit. There is a minimum balance of $500.00 to open an account and obtain the annual percentage yield. Next, select a time frame for which you are willing to commit the funds; 90 days up to five years. Interest is compounded quarterly on terms of 12 months or more, annually, or at maturity on CDs due in less than 12 months. At the certificate’s maturity you may choose to renew the deposit or withdraw your funds. Should you choose to withdraw funds prior to maturity, penalties will apply.

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