Rates

APY=Annual Percentage Yield.

Kasasa Cash*

Minimum Balance To Obtain APYMinimum Required Opening DepositInterest RateAPY
$0$1
$0.01 - $15,0001.50%1.51%
$15,000.01+0.25%1.51% – 0.25%
Rate earned on entire balence if qualifications are not met: 0.05%0.05%

Qualifying for rewards is so easy, you're probably already doing it! It's as simple as doing the following each monthly qualification cycle:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled and receive e-statement notice

If you don't meet the qualifications one month, don't worry. There is no penalty, and you still have a free checking account that earns our base interest rate. Plus, you can get back to earning huge interest and nationwide ATM fee refunds the very next month.

*APY=Annual Percentage Yield. APYs accurate as of 09/04/2013. Rates may change after account is opened. Minimum to open is $1. If qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 ($4.99 per single transaction) and credited to account on the last day of monthly statement cycle; (2) balances up to $15,000 receive APY of 1.51%; and (3) balances over $15,000 earn 0.25% interest rate on portion of balance over $15,000, resulting in 1.51% - 0.25% APY depending on the balance. If qualifications are not met, all balances earn 0.05% APY. If qualifications are met each monthly qualification cycle the interest rate tiers are as follows: 1.50% interest rate applies to balances of $0.01 - $15,000 and .25% interest rate applies to balances over $15,000. If qualifications are not met each monthly qualification cycle a 0.05% interest rate applies to all balances. Qualifying transactions must post to and settle account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle an account. ATM-processed transactions do not count towards qualifying debit card transactions. Transfers between multiple accounts do not count as qualifying transactions. Debit card transactions processed by merchants and received by the bank as ATM transactions do not count towards qualifying debit card transactions. Only debit card transactions processed by merchants and received by the bank as POS transactions count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. Direct deposit required to have this account. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.


Kasasa Giving*

Minimum Balance To Obtain APYMinimum Required Opening DepositInterest RateAPY
$0$1
$0.01 - $10,0002.48%2.51%
$10,000.01+0.50%2.51% – 0.50%
Rate earned on entire balence if qualifications are not met: 0.05%0.05%

Qualifying for rewards is so easy, you're probably already doing it! It's as simple as doing the following each monthly qualification cycle:

  • Have at least 15 debit card purchases post and settle
  • Be enrolled and receive e-statement notice

If you don't meet the qualifications in a given qualification cycle, don't worry. There is no penalty, and you still have a free checking account. Plus, you can earn the rewards back the very next month!

*APY=Annual Percentage Yield. APYs are accurate as of 06/17/2013. Rates may change after account is opened. Minimum to open account is $1. If qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 ($4.99 per single transaction) and credited to account on the last day of monthly statement cycle; (2) balances up to $10,000 receive APY of 2.51%; (3) balances over $10,000 earn 0.50% interest rate on portion of balance over $10,000, resulting in 2.51% - 0.50% APY depending on balance in account; and (4) charitable contributions equal to $0.05 will be made to select charities on all debit card purchases over $10.00 that post to and settle account during monthly qualification cycle. If qualifications are not met, all balances earn 0.05% APY. If qualifications are met each monthly qualification cycle the interest rate tiers are as follows: 2.48% interest rate applies to balances of $0.01 - $10,000 and 0.50% interest rate applies to balances over $10,000. If qualifications are not met each monthly qualification cycle a 0.05% interest rate applies to all balances. Qualifying transactions must post to and settle account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. Transfers between multiple accounts do not count as qualifying transactions. Debit card transactions processed by merchants and received by the bank as ATM transactions do not count towards qualifying debit card transactions. Only debit card transactions processed by merchants and received by the bank as POS transactions count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. A one-time charitable contribution equal to $20.00 will be made to a select charity with each Kasasa Giving account opened by a new customer. Direct deposit required to have this account. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.


Kasasa Saver*

Minimum Balance To Obtain APYMinimum Required Opening DepositInterest RateAPY
$0$50
$0.01 - $25,0000.75%0.75%
$25,000.01+0.25%0.75% – 0.25%
Rate earned on entire balence if qualifications are not met: 0.05%0.05%

There are no extra qualifications to get the Kasasa Saver reward rate. If you qualify for Kasasa Cash checking rewards, you automatically get the Kasasa Saver rate too! Simply do the following each monthly qualification cycle:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled and receive e-statement notice

If you don't meet the qualifications, don't worry. There's no penalty and both accounts are still free and earn our base rate interest. Plus, you can get back to earning the full rewards the very next month.

*APY=Annual Percentage Yield. APYs accurate as of 06/17/2013. Rates may change after account is opened. Minimum to open is $1 for Kasasa Cash and $50 for Kasasa Saver. For Kasasa Cash, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 ($4.99 per single transaction) and credited to account on the last day of monthly statement cycle; (2) balances up to $15,000 receive APY of 1.51%; and (3) balances over $15,000 earn 0.25% interest rate on the portion of the balance over $15,000, resulting in 1.51% - 0.25% APY depending on the balance. If qualifications are not met on Kasasa Cash all balances earn 0.05% APY. If qualifications are met each monthly qualification cycle the Kasasa Cash interest rate tiers are as follows: 1.50% interest rate applies to balances of $0.01 - $15,000 and .25% interest rate applies to balances over $15,000. If qualifications are not met each monthly qualification cycle a 0.05% interest rate applies to all balances. Qualifying transactions must post to and settle Kasasa Cash account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. Transfers between multiple accounts do not count as qualifying transactions. Debit card transactions processed by merchants and received by the bank as ATM transactions do not count towards qualifying debit card transactions. Only debit card transactions processed by merchants and received by the bank as POS transactions count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Kasasa Cash APY is based on compounding interest. Interest earned in Kasasa Cash is automatically transferred to Kasasa Saver each statement cycle and does not compound. Actual interest amount paid may be less than advertised Kasasa Cash APY. The Kasasa Saver APYs may be less than Kasasa Cash APYs. If qualifications in Kasasa Cash are met each monthly qualification cycle: (1) balances up to $25,000 in Kasasa Saver receive an APY of 0.75%; and (2) balances over $25,000 in Kasasa Saver earn 0.25% interest rate on portion of balance over $25,000, resulting in 0.75 - 0.25% APY depending on the balance. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.05% APY. If qualifications are met each monthly qualification cycle the Kasasa Saver interest rate tiers are as follows: 0.75% interest rate applies to balances of $0.01 - $25,000 and 0.25% interest rate applies to balances over $25,000. If qualifications are not met each monthly qualification cycle a 0.05% interest rate applies to all balances. Direct deposit required to have this account. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.

Kasasa Cash Back*

Minimum Balance To Obtain RewardsMinimum Required Opening Deposit Rewards
$0$1
Rewards earned on entire balance if qualifications are met4% cash back on debit card purchases

Qualifying for rewards is so easy, you're probably already doing it! It's as simple as doing the following each monthly qualification cycle:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled and receive e-statement notice

If you don't meet the qualifications in a given qualification cycle, don't worry. There is no penalty, and you still have a free checking account. Plus, you can earn the rewards back the very next month!

*Minimum to open is $1. When monthly qualifications are met, you receive 4% cash back on debit card purchases that post to and settle account during monthly qualification cycle up to a total cash back of $8 per monthly qualification cycle. Qualifying transactions must post to and settle account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. Transfers between multiple accounts do not count as qualifying transactions. Debit card transactions processed by merchants and received by the bank as ATM transactions do not count towards qualifying debit card transactions. Only debit card transactions processed by merchants and received by the bank as POS transactions count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 ($4.99 per single transaction) if qualifications are met within monthly qualification cycle. Direct deposit required to have this account. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.

Kasasa Tunes*

Minimum Balance To Obtain RewardsMinimum Required Opening Deposit Rewards
$0$1
Rewards earned on entire balance if qualifications are met$5 in iTunes® or Amazon.com® download refunds* monthly

Qualifying for rewards is so easy, you're probably already doing it! It's as simple as doing the following each monthly qualification cycle:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled and receive e-statement notice

If you don't meet the qualifications one month, don't worry. There is no penalty, you still have a free checking account, free debit card, and can get back to earning download and ATM fee refunds the next time you qualify.

*The minimum to open account is $1. You will be refunded up to $10 for iTunes® and/or Amazon.com® purchases that post to and settle account during the first 60 days after you open account. Refunds will be credited to account on the last day of statement cycle in which refundable purchases were made. In addition, each qualification cycle, earn up to $5 in refunds of iTunes and/or Amazon.com purchases if qualifications are met during previous monthly qualification cycle. Purchases must be made with debit card associated with your Kasasa Tunes account. Qualifying transactions must post to and settle the account during monthly qualification cycle. Transactions may take one or more banking days from date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. Transfers between multiple accounts do not count as qualifying transactions. Debit card transactions processed by merchants and received by the bank as ATM transactions do not count towards qualifying debit card transactions. Only debit card transactions processed by merchants and received by the bank as POS transactions count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 ($4.99 per single transaction) if qualifications are met within monthly qualification cycle. iTunes is a registered trademark of Apple, Inc. and Amazon.com is a registered trademark of Amazon Inc. Apple Inc. and Amazon Inc. are not participants in or sponsors of this program. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.


Rates effective as of May 20, 2013

Checking Accounts

ProductMinimum Balance To Obtain APYMinimum Required Opening DepositInterest RateAPY***
Interest Checking$0$2000.05%0.05%
Simple CheckingNA$1000%0%
Business CheckingNA$1000%0%
Business checking earns a credit of $.10/$100 average available balance.

Savings Accounts

ProductMinimum Balance To Obtain APYMinimum Required Opening DepositInterest RateAPY***
Regular SavingsNA$1000.25%0.25%
Thrift Savings$0$10.05%0.05%
Platinum Plus SavingsNA$1
The following rates are earned on the entire balance if:
$0-$50,0006.00% Under Prime0.10%**0.10%**
$50,000.01-$100,0004.00% Under Prime0.25%**0.25%**
$100,000.01-$250,0003.50% Under Prime0.50%**0.50%**
$250,000.01-over3.00% Under Prime1.00%**1.00%**

The interest rate will change on the first day of any month following a change in the Wall Street Journal Prime rate.

**Minimum Interest Rate & APY.


Checking and Savings Features

Accounts closed between statement cycles will not receive accrued interest.

Transfers from savings accounts to another account or to third parties by preauthorized, automatic, telephone transfer, check, or draft are limited to six per statement cycle.

The average daily balance method is used to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for this period.

Interest on non-cash deposits begins to accrue no later than the next business day after the deposit (for example, checks).

The interest rate and annual percentage yield may change at the Bank's discretion as often as daily.

Fees, penalties, service charges and withdrawal of earned interest may reduce earnings.

Earnings credit is determined at the Bank's discretion and may change at any time.

Overdraft fees apply to overdrafts created by check, in-person withdrawal, ATM withdrawal, automatic payment, or other electronic means.

No account service charge fees will be assessed to individuals under age 18 or to legally formed non-profit entities who elect to hold Simple Checking and/or Regular Savings accounts. Service charges will begin automatically on the statement cycle following an individual's 18th birthday.

Free debit card for minors on Simple Checking until age 18. Automatic annual fee begins July 1st following 18th birthday.

The $1 per statement Paper Statement Fee will not be assessed to Kasasa accounts, Thrift Savings accounts, HSAs, or IRAs. The Paper Statement Fee will also not be assessed to individuals under the age of 18 or legally formed non-profit entities who elect to hold Simple Checking and/or Regular Savings accounts. The Paper Statement Fee will begin automatically on the statement cycle following an individual's 18th birthday.

Fee for closing an account during the first six months does not apply to Thrift Savings and Kasasa accounts.

Certifcates of Deposit

TermMinimum Balance To Obtain APYMinimum Required Opening DepositInterest RateAPY***
91 Days$500$5000.10%0.10%
182 Days$500$5000.25%0.25%
9 Months$500$5000.50%0.50%
12 Months$500$5000.50%0.50%
18 Months$500$5000.75%0.75%
21 Months$500$5000.75%0.75%
24 Months$500$5001.00%1.00%
30 Months$500$5001.00%1.00%
36 Months$500$5001.25%1.26%
48 Months$500$5001.50%1.51%

Certificate of Deposit Features

All Certificates of Deposit are subject to a penalty for early withdrawal equal to 30 days of interest on maturities of less than one year, 90 days of interest on maturities of one year to 35 months, 12 months of interest on maturities 36 months and greater, unless otherwise noted.

Some Certificates are automatically renewable and will begin to earn the renewal rate on the day of maturity.

No penalty is assessed for a withdrawal from an automatically renewable Certificate within 10 days after maturity.

Interest begins to accrue on the business day you deposit non cash items (for example, checks).

After the account is opened, you may not make deposits into this account until maturity.

After the account is opened, you may not withdraw principal from this account until maturity, without penalty.

We use the daily balance method to calculate the interest on your account. This method applies a daily periodical rate to the principal in the account each day.

Interest on consumer owned Certificates is credited and compounded quarterly unless otherwise noted by type of Certificate. Refer to original Certificate.

The Annual Percentage Yield assumes the interest remains on deposit until maturity. Early withdrawal of principal or interest will reduce earnings.

Fees, penalties, service charges and withdrawal of earned interest may reduce earnings.

Loans

Elmore:Barb Hofbauer
Phone: 507-943-3131 or 888-269-2265
Mapleton:Marvin Kimm
Galen Reding
Phone: 507-524-3630 or 888-866-2265
St. James:Emily Boelke - NMLS #510540
Samantha Paris - NMLS #979978
Kevin Christenson
David Krause
Dean Olsen
Karen Johnson
Jen Gilbertson
Phone: 507-375-3201 or 888-206-1700
Mankato: Denise Nienow
Michael Harrington
Phone: 507-345-7069
North Mankato:Alissa Brekke - NMLS #461401
Duane Olenius
Matt Chmielewski
Mindy Annis
Phone: 507-625-3268
Madelia:Dennis Swenson
Steve Cooling NMLS #798417
Christi Reed NMLS #798453
Phone: 507-642-3251
Lake Crystal Loan Production Office:Jennifer Wiens NMLS #801416
Phone: 507-726-6475
Lewisville:Jennifer Wiens - NMLS #801416
Phone: 507-435-2451

***Annual Percentage Yield

Wall Street Journal Prime = 3.25%