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Savings

CDs & Personal Savings Accounts

Your long-term financial success is important to us! That’s why First National Bank of Milaca offers a variety of options to help you set aside money for unexpected expenses or to simply build a nest egg.

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Calculators

Classic Certificate of Deposit (CDs)

The safest investment you can make. Fixed interest rates and insured by the FDIC. Invest your money worry free and watch it grow.

Classic Savings Account

Competitive interest rate and complete access to your money.

Teen Savings Account

Prepare your teens for future financial independence!

Kids Savings

The earlier you can start saving money the better. Start now!

Christmas Savings

A special account to help you save for the Christmas season.

Health Savings Account (HSA)

Tax-deferred savings for health expenses.

Coverdell Education Savings Account (CESA)

A perfect way to save for education from kindergarten through college.

Minnesota's Uniform Transfer to Minors Act (MUTMA) Savings

A great way to set aside funds for a child’s future use!

College SAvings

Use this calculator to help develop or fine tune your education savings plan.

Enhance Your Accounts:

Email & Text Alerts

Set up new alerts to keep on top of your account activity.

The Notify Me Alerts feature allows you to receive email and text notifications about important account and security-related activities.

Get Started:

Log into your First National Bank of Milaca online banking session
On the top right, select "Alerts" and then "Settings"
Select the notification options that best fit your needs from the list provided

Financial Education

Invest in your financial knowledge with our education resources.

Empower yourself with financial education and make informed decisions.

Explore Financial Education

Benefits

Fixed interest rates - Contact us for current rates!
Multiple terms offered - 6 months, 12 months, 18 months, 24 months, 36 months

Requirements

Ask to see our current Rate Sheet for the minimum balance
Penalties may apply if withdrawn early

Fees and charges may reduce earnings

See Common Fee Schedule for related fees and charges

Savings Calculator

Find out how consistent investments over a number of years can be an effective strategy to accumulate wealth. Information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Savings Calculator

Fees and charges may reduce earnings

See Common Fee Schedule for related fees and charges

¹ Subject to $3 printed statement fee if e-statement enrollment cancelled

Benefits

No minimum balance
Earned Interest - Contact us for current rates!
Anytime anywhere online/mobile access
Mobile deposit
Account alerts

Requirements

Primary account holder must be between ages 13 and 17
Joint with parent or legal guardian
$25 minimum opening deposit
Online Banking access – requires parent or legal guardian authorization

See Common Fee Schedule for related fees and charges

¹ Subject to $3 printed statement fee if e-statement enrollment canceled

Benefits

Automatically enrolled in Kids Club
Earned Interest - Contact us for current rates!
No minimum balance
Mailed statements

Requirements

Primary Account holder must be 12 years old or younger

Fees and charges may reduce earnings

See Common Fee Schedule for related fees and charges

How it works

Deposit money into your Christmas Savings Account as often as you’d like throughout the year. The first week of November, you will receive a check in the mail that includes your balance plus the interest earned on the account. Time to shop!

Benefits

All Savings – no withdrawals
Receive a check for the balance in the first week of November
Earned Interest - Contact us for current rates!
No minimum balance requirements
No monthly service charge
Quarterly / monthly mailed statements

See Common Fee Schedule for related fees and charges

Benefits

Earned Interest - Contact us for current rates!
Contributions are tax deductible
Health Savings Debit Card and Checks
No minimum balance requirement
No monthly service charge
Mailed statements

Requirements

Must have high deductible health plan
Must be under 65 or not yet signed up for Medicare
Funds must be used for qualified medical expenses to avoid tax consequences
Contribution limitations apply

Enhance Your Account

HSA MasterCard^®

See Common Fee Schedule for related fees and charges

Requirements

Account holder must be under 18
Must have legal adult custodian
Funds used for education of account holder to avoid taxation

See Common Fee Schedule for related fees and charges

¹ Subject to modified adjusted gross income limits.

Account holder must be under 18
Must have legal adult custodian
Funds must be used to benefit the minor

See Common Fee Schedule for related fees and charges