Open A Checking And Savings Account
To meet the needs of all members of our community, First Minnetonka offers a variety of checking and savings accounts, each providing unique services. Call your personal bankers or come in today for more information or to open an account.
CHECKING ACCOUNTS
First Minnetonka offers you the following checking account options, each with unique features to meet our customers' needs.
Free Account
- No minimum balance
- No monthly service charge
- Unlimited check writing
- Automatic check safekeeping
- First order of 50 checks free
- Instant Cash and Check® Card
Ultimate Account
- No minimum balance
- Return of check images for easy storage
- If more than 10 debit transactions clear your account each statement cycle, a service charge will be applied*
- Instant Cash and Check® Card
Ultimate 300
- Unlimited check writing
- Return of check images for easy storage
- No monthly service charge when a $300 daily minimum balance is maintained*
- Instant Cash and Check® Card
Ultimate with Interest
- Earn interest each day you maintain a $500 collected balance*
- Unlimited check writing
- Return of check images for easy storage
- No monthly service charge when a $500 daily minimum balance is maintained*
- Instant Cash and Check® Card
Ultimate Gold-available to customers age 60 and older
- No minimum balance
- No monthly service charge
- Unlimited check writing
- Discount on safe deposit box
- Earn interest each day you maintain a $500 collected balance*
- Free personalized checks (limited designs)
- No fees for basic Travelers Checks, Cashiers Checks and Money Orders
- Instant Cash and Check® Card
Relationship Checking-available to all customers who have a combined balance of $10,000* in deposits and/or loan balances
- Earn interest each day you maintain a $500 collected balance*
- Free personalized checks (limited designs)
- No fees for basic Travelers Checks, Cashiers Checks and Money Orders
- Free investment consultation
- Instant Cash and Check® Card
*A $25 minimum deposit is required to open all checking accounts.
Please contact a Personal Banker for a current rate sheet and additional terms and conditions. Interest rates are subject to change.
Ready Reserve or Preferred Line of Credit
If you write a check for more than your balance, your ready reserve line automatically advances funds to your checking account, up to your approved limit, to cover your check. Consult a Personal Banker for more information.
HEALTH SAVINGS ACCOUNTS (HSA)
Now you don't have to be sick to realize benefits on the money you pay for health insurance coverage. An HSA allows those covered by a high deductible health insurance plan to pay for qualified medical expenses with tax free dollars. Contributions to an HSA are fully deductible, the earnings grow tax deferred, and distributions to pay or reimburse qualified medical expenses are tax free. Each year, the money you save on lower health insurance premiums can be deposited into this tax-favored savings account and the funds you accumulate rollover from year to year.
SAVINGS ACCOUNTS
When placed in a First Minnetonka savings account, your money will work for you. We offer you the following savings accounts to make saving simple and convenient:
Thrift Savings
This account is designed especially for those getting started. No minimum balance is required, and no service charges apply.
Regular Savings Account
No service charges apply when you maintain a $200 minimum balance.*
Money Market Savings
Our Money Market Savings account offers the liquidity of a savings account, but earns money market rates with the safety of FDIC insurance. No fees apply when a $1,000 minimum balance is maintained.*
*A $15 minimum deposit is required to open all savings accounts.
Certificates of Deposit (CDs)
Save money the safe way or earn extra on the money you're saving for a purchase by investing in a CD. First Minnetonka's CDs earn fixed interest rates. Most CDs require a $1,000 minimum investment.*
Individual Retirement Accounts (IRAs)
Invest for your future with a First Minnetonka City Bank IRA. The interest you earn in the account is tax-deferred, and many taxpayers can deduct all or a portion of their IRA contributions (consult your tax advisor). Depending on your investment horizon and goals, we can help you select an appropriate IRA option. IRA accounts require a $1,000 minimum investment.*
*Please contact a Personal Banker for a current rate sheet and additional terms and conditions. Interest rates are subject to change.
See how much you could save!
Click on the links below to see contribution limits, view our current interest rates, and sample our online calculator to determine how much you need to save to reach a certain goal, or if you put a set amount into savings on a consistent basis, to see to what amount that money could grow over time.
IRA contribution limits
Check out our great rates
Use our savings calculator
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