Planning for the future is important – we understand. We’ll help make sure your hard-earned money works hard for you. We can help you plan for a rainy day, a big purchase or peace of mind. Save up for something special, or for an emergency, and teach your kids the value of saving, too. We offer a variety of options to fit your financial needs. 







INVESTMENT SAVINGS
MONEY MARKET ACCOUNT
PERSONAL SAVINGS
SAVINGS IRA

Maximize your savings potential with our highest earning savings account. A higher-yield, higher minimum savings. Competitive rates, guaranteed safety and convenience. Jumpstart your retirement savings with one of our IRA options.
MINIMUM
TO OPEN
$50
$50
$50 $50
MINIMUM BALANCE $5000 minimum daily balance to avoid monthly service fee. $2500 minimum daily balance to avoid monthly service fee. $50 average balance required to avoid monthly service fee. None
MONTHLY
SERVICE FEE
$20 if balance falls below $5000. Complimentary when minimum balance is met. $10 if balance falls below $2500. Complimentary when minimum balance is met. $2 if average balance is not maintained.* Complimentary when minimum balance is met. None, there is no fee per transaction. A $30 closing fee does apply.
INTEREST
EARNING
Compounded and credited monthly. Compounded and credited monthly. Compounded and credited monthly. Compounded and credited semi-annually.
COMPLIMENTARY eSUITE
Online Banking
Mobile Banking (APP) Mobile Check Deposit 24HR Voice Banking
 
 
YES
 
 
YES
 
 
YES
 
 
YES
ADDITIONAL FEATURES
  • Statements: Paper or e-statements.
  • Transaction (activity) fees: $.50 fee for withdrawals over six during the statement cycle
  • Withdrawals or transfers may be subject to limitations.
  • Tiered interest rates offered to maximize your return.
  • ATM Card available.
  • Complimentary checks provided.
  • Statements: Paper or e-statements.
  • Withdrawals or transfers may be subject to limitations.
  • Tiered interest rates offered to maximize your return.
  • ATM Card available.
  • Complimentary checks provided.
  • Statements: Paper or E-statements. Quarterly statements unless combined with checking account statement or have electronic activity during the month, then monthly.
  • Withdrawals or transfers may be subject to limitations.
  • ATM Card available.
  • *Monthly Service Fee is waived and no minimum to open for customers under 23 years old.
Various IRA Plans are available, including Traditional, ROTH, SEP, and Simple Plans. Individual Retirement Accounts (IRAs) are subject to limitations and/or penalties imposed by the Internal Revenue Service, including limits on contributions and qualifying distributions. Please consult with your tax advisor for additional
information.

 
Looking for a clever and easy way to accumulate savings?
 
Enroll in our complimentary Transfer the Cents to Save program and watch your savings bloom!
Every time you use your Border State Bank consumer debit card, your purchase will be automatically rounded up to the nearest dollar. The “change” will be transferred into your savings account at the end of each day. Enrollment is quick and there’s no paperwork! Stop in at one of our locations or call us at 218-528-4255. If you don’t have a savings account – no worries! We’ll set one up for you.

For more information, or to open a Border State Bank savings account, contact one of our Personal Bankers.

To open an account, please bring in the following:

  • Valid driver's license
  • $50 opening deposit
  • Updated proof of address if not correct on driver's license

If minor:

  • Birth Certificate
  • Social Security Card
Download our Personal Savings Brochure for more information.