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.