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Updates To Northwoods Bank Services Due to COVID-19

PARK RAPIDS WEATHER

Savings

Put your money to work with a Northwoods Bank Savings Account that gives you ready access to your funds with no transaction fees.  Enjoy the peace of mind knowing that your deposits are covered by the FDIC up to the maximum allowed by law. Pick the right account for you from the chart below and contact a Personal Banker to open or obtain more information.

  Prime Access Account Money Market Account Passbook Savings Account
Account Description A savings account that combines the flexibility of a savings account with the interest earning potential of a Certificate of Deposit A tiered rate savings account with limited check writing A minimum deposit savings account to help you save
Minimum Balance to open $1,000 to open $5,000 to open $250 to open
Monthly Service charge if Balance drops below minimum $10 fee per month if balance drops below $1000 $5.00 fee per month if balance drops below $500 $3.00 fee per month if balance drops below $250
Other Account Benefits Tiered rates. Unlimited deposits at any time. No withdrawal penalties. No maturity date. Tiered rates. Complimentary 30 pack of checks. ATM card. Tiered rates. Accepts automatic deposits. Accepts automatic payments to loan.

Click here for current rates

Printable brochure

Still not sure what account is right for you? Contact us and we will gladly help you pick the one just right for you.

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Customer Testimonials

Northwoods Bank was the most willing to work with us & our unique situation. It seems when you leave your jobs and sell your home to relocate & open a business, you are starting over, and Northwoods understood."
Warren's Tire & Auto