New Ulm Client Service Representatives


With an HSA, you can start saving for future medical costs so that you have the funds when you need them.

The future will be here before you know it, make sure you have everything you need for your retirement! Citizens also offers many FDIC-insured IRA options to choose from, and knowledgeable client service representatives to help you decide which is the best choice for you. 

Compare Accounts Traditional Individual Retirement Account Roth Individual Retirement Account Health Savings Account
Overview Tax deferred earnings* - normal distribution at age 59 1/2 
Earnings can be tax free*
Tax exempt account with a qualifying high deductible health plan
Minimum Balance
No minimum balance required

No minimum balance required

No minimum balance required

Contribution Limits 2024

$1,000 catch up contribution if 50 or older

$1,000 catch up contribution if 50 or older
Single - $4,150
Family - $8,300

$1,000 catch up contribution if 55 or older
Additional Details $500.00 minimum balance required
$500.00 minimum balance required
Interest bearing

Free debit card

Free online banking

Online bill payment

More Info More on Traditional Retirement Account More on Roth Individual Retirement Account More on Health Savings Account
*Please consult your tax advisor
A Simplified Employee Pension (SEP) IRA is a written plan that allows you to make contributions toward your own retirement account and those of your eligible employees.

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Take Us With You Wherever You Go

Mind if we tag along? With mobile banking, you can make deposits, transfer funds and check your balance from any device!