Savings Accounts

Where Northern Minnesota Saves More

Security State Bank’s savings accounts are designed to provide maximum benefits to you by paying interest in tiers based on the daily balance maintained.

We’re always happy to walk you through your options, explaining the difference between traditional savings accounts and certificates of deposits (CDs).

Here’s a quick glimpse at what we have to offer.

Security Savings Accounts

The Security Savings Account is designed to meet all of the savings needs of Hibbing and its surrounding communities in northern Minnesota. Interest is compounded and credited monthly.

Certificates of Deposit (CDs)

Save money for a specified period of time.

More About CDs

Christmas Club Savings Accounts

This savings account provides shopping money at just the right time of year. Interest is credited to the account annually, with a check printed on Oct. 25.

Vacation Club Savings Accounts

Prepare for your next summer vacation with this savings account. Interest is credited to the account annually, with a check printed on May 15.

Million Dollar Kids Club Savings Accounts

A savings account especially for kids.

Million Dollar Kids Club

Savings Account Comparison

Comparison table of personal savings accounts
	Security Savings Account	Certificates of Deposits (CDs)	Christmas Club Savings Account	Vacation Club Savings Account
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	None	None	None	None
Interest	Multiple tiers based on daily collected balance; compounded and credited monthly	Multiple tiers based on daily collected balance; compounded and credited quarterly (for terms greater than 6 months)	Multiple tiers based on daily collected balance; credited at maturity	Multiple tiers based on daily collected balance; credited at maturity

* Monthly maintenance fees are waived for accounts in the name and tax ID of minors.

Start Saving Today

Our personal bankers are standing by to help you open an SSB savings account!