701 East Howard Street
Hibbing, MN 55746-0279
Phone: (218) 263.8855
Toll Free: (800) 819.0839

Savings

Security State Bank's savings account products are designed to provide maximum benefits by paying interest in tiers based on the daily balance maintained.

Security Savings* Certificates of Deposit Christmas
Club		 Vacation Club
Amount to Open $50.00 $1,000.00 $10.00 $10.00
Minimum Balance $50.00 $1,000.00 $10.00
$10.00
Monthly Maintenance Fee $2.00*
If average daily balance for entire month is less than minimum balance		 None None None

Activity Fees

 $1.00 Each**
after 6 withdrawals per month		  None None  None

Interest

Multiple Tier
based on the daily collected balance

$0 - $4,999.99
$5,000 - $24,999.99
$25,000 - $74,999.99
$75,000 - $249,999.99
$250,000 - and up;
compounded and credited monthly

Multiple Tier
based on the daily collected balance

$1,000 - $24,999.99
$25,000 - $74,999.99
$75,000 - $124,999.99
$125,000 - and up

Multiple Tier
based on the daily collected balance

$0 - $4,999.99
$5,000 - $24,999.99
$25,000 - $74,999.99
$75,000 - $249,999.99
$250,000 - and up;
credited at maturity

Multiple Tier
based on the daily collected balance

$0 - $4,999.99
$5,000 - $24,999.99
$25,000 - $74,999.99
$75,000 - $249,999.99
$250,000 - and up;
credited at maturity

* Accounts in the name and tax ID of minor children will have monthly maintenance fee waived
** Federal Regulation limits transfers from these accounts to another account or third parties by preauthorize, automatic, or telephone transfers to 6 per month.

Security Savings

One account that meets all your savings needs. Interest is compounded and credited monthly.

Certificates of Deposit (CDs)

Customized terms to fit your needs. For terms greater than 6 months, interest is compounded and credited quarterly.

Christmas Club

An account specially designed to provide shopping money at just the right time. Interest is credited to the account annually. A check is printed each year on October 25th.

Vacation Club

An account specially designed to provide vacation spending money at just the right time. Interest is credited to the account annually.  A check is printed each year on May 15th.      

Kids Club

A savings account especially for kids - only $10 to open the account.  Not only do kids get in the habit of saving money, they also get membership in the Million Dollar Kids Club, a free “Big Blue” piggy bank, Kids Club newsletters and events, and prizes with every deposit of $5 or more!  Kids can enter the Saver of the Month drawing each time they make a deposit – the monthly winner gets an extra prize and recognition on our outside marque, indoor giant screen TV, and in the Kids Bank.  Eligible account holders are under 18 years of age.

Kids Club Application

If you are interested in learning more about personal savings with Security State Bank, Contact Us or call us at 218-263-8855.