WooHoo U - A Great Savings Rate Until They Graduate!

You want the best for your child and their future! Start their journey down the road to financial security early with our amazing tiered rate youth savings account - WooHoo! U!



A Great Rate Until They Graduate!

  • Earn 3.04% APY on balances up to $4,999.99
  • Earn 2.02% APY on balances from $5,000 up to $7,499.99
  • Earn 1.00% APY on balances from $7,500 and up


Qualifications

To receive the bonus interest rate, simply do the following each qualification cycle:

  • Have at least one Direct Deposit or Automatic Transfer Deposit post and settle
  • Must be enrolled and receive a monthly e-statement via online banking
  • No withdrawal made from the account during the monthly qualification cycle
  • Available for youth ages 0 - 17
3.04% Annual Percentage Yield (APY) - 3.00% interest rate - paid on balances between one penny and $4,999.99, 3.04% - 2.02% APY - paid on balances from $5,000 up to $7,499.99, and 2.02% - 1.00% APY - paid on balances from $7,500 and up each qualification cycle the minimum requirements are met. If these monthly requirements per qualification cycle (which is the same as your statement cycle) are met, we will pay a bonus interest rate. If these monthly requirements per qualification cycle are not met, a non-qualified APY of 0.10% for the entire qualification cycle will be paid. Rates as of 8-15-17. Available for personal accounts only. Only one account per social security number is allowed. Available for youth only age 0 – 17 years of age. The month after the minor turns age 18, account will convert to a regular savings account and applicable fees will apply. No minimum balance is required to open this account. Rates subject to change monthly. We use the average collected balance method to calculate the interest on your account and interest will be compounded and credited every month. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
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Great Rates You Can Celebrate!





  • Earn 1.31% on balances of $100,000 and up
  • Earn 0.90% on balances from $50,000 up to $99,999.99
  • Earn 0.60% on balances from $15,000 up to $49,999.99
  • Earn 0.30% on balances between $.01 and $14,999.99
To receive the bonus rate simply do the following each qualification cycle: 
Must have an active checking account at Citizens Bank Minnesota with the same ownership and same tax identification number as the WooHoo! Savings Account.

*0.25% Annual Percentage Yield (APY) - 0.30% interest rate - paid on balances between $.01 and $14,999.99, 0.60% APY - paid on balances from $15,000 up to $49,999.99, 0.90% APY - paid on balances from $50,000 up to $99,999.99 and 1.31% APY - paid on balances from $100,000 and up each qualification cycle the minimum requirements are met. If these monthly requirements per qualification cycle (which is the same as your statement cycle) are met, we will pay a bonus interest rate. If these requirements are not met, your WooHoo! Savings will convert to a Regular Savings Account and applicable fees will apply. A processing fee of $10.00 will be imposed every statement cycle if the average ledger balance for the statement cycle falls below $5,000.00. Rates as of 7-25-18. $5,000 minimum balance is required to open this account. We may change the interest rate & APY on your account weekly. We use the average collected balance method to calculate the interest on your account and interest will be compounded and credited every month. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Fees could reduce earnings on the account.
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Monica Sorenson - Client Services Representative in La SalleRegular Savings

The Regular Savings Account is your ticket to increased savings. Get an interest bearing account with an easy-to-use record keeping book and the ability to make deposits and withdrawals anytime.

With easy access to funds, a solid interest rate, and a low minimum balance, this account is perfect for you no matter how far along you are on the path to financial independence! 


Summary

  • Interest bearing
  • Low minimum balance
  • Free Online Banking
  • Free e-Statements
  • Free Citizens-On-Call Telephone Banking
  • FDIC Insured

More Information

If you choose to go below a $50.00 average monthly balance during the monthly statement cycle, a $3.00 per month processing fee will be assessed. No interest will be paid any day on the daily balance below $100.00. Interest is paid on the daily collected balance to the account at month end.

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woman sitting at desk Investment Savings

INVESTOR ALERT: Those on the lookout for a great opportunity should take note of this amazing deal!

Make the most of your savings, earning interest without sacrificing liquidity. Tiered interest rates maximize your dividends -- as your balance goes up, so do your returns.

You earn a tiered variable rate on your entire collected balance when minimum balance requirements are met. You can access your money by making a withdrawal at any Citizens office. 

Summary

  • Tiered interest rate to maximize earnings
  • Free Online Banking
  • Free e-Statements
  • Free Citizens-On-Call Telephone Banking

More Information

$1000.00 minimum to open. If you choose to go below the $1000.00 minimum balance during the monthly statement cycle, a $10.00 processing fee will be assessed and no interest is paid on daily collected balance.

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Certificate of Deposit

When you get a CD from Citizens Bank Minnesota , it may not play music, but it will bring returns that will be music to your ears.

Lock in a great rate for a set time period, from 3 months to 8 years, then just let your money bring in the dividends. When the CD has matured, you'll find there's more in there than there was before, and you didn't have to do a thing.

Summary

  • No monthly processing fee
  • Competitive rates
  • $500 minimum deposit is required
  • $2500 minimum deposit is required on Special CD's
  • Penalty for early withdrawal is 12 months loss of interest, $25.00 minimum penalty.

More Information

After certificate is issued, no additional deposits are allowed. Basis 365 days. The 36 month investors choice certificate allows you to change the interest rate once during the term of the certificate. At the time you choose to exercise this option, present the certificate at the bank to obtain the current 36 month investors choice interest rate for the remaining term of the original certificate.

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Ultimate Investment Savings

There are good interest rates out there... but there's only one ULTIMATE. This CD is hard to beat -- combining the flexibility of a savings account with the high market rates of a CD.

Get high interest rates and the freedom to deposit more funds anytime. You can even take money out during the term if you need to. Outstanding rates without losing access to your money -- no wonder we call it the Ultimate!

Summary

  • Variable tiered interest rate
  • Interest compounded and paid quarterly
  • No maturity date
  • Unlimited deposits
  • No monthly processing fee
  • One no-fee withdrawal per quarter*
  • Interest can be automatically transferred to another Citizens account
  • $1,000 minimum to open, $1000 minimum withdrawal, $100 minimum additional deposits.

More Information

No interest will be paid any day on the daily balance below $1000.00. Interest is paid on the daily collected balance and credited to the account quarterly. *One withdrawal within the first 5 business days of each calendar quarter. (Jan., Apr., Jul., Oct.). Additional withdrawals will be assessed a $50.00 processing fee plus the accrued interest.

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Investment & Insurance products: Are Not Insured by the FDIC or any other federal government agency • Are not deposits of or guaranteed by a Bank or any Bank Affiliate • May Lose Value