Savings

No matter who you are and where you’re at in life, saving is always part of a solid financial plan. At Northwestern Bank, we have a variety of accounts and variable term CDs and can help you develop your savings strategy.

First Choice Savings Account

  • $100.00 minimum opening deposit
  • $100.00 minimum daily balance*
  • ATM privileges available
  • Six withdrawals per month at no charge** ($5.00 for each withdrawal in excess of six per month)
  • No minimum opening deposit or balance required if you are 18 years of age or younger

Premier Savings Account

  • Six withdrawals per month at no charge** ($5.00 for each withdrawal in excess of six per month)
  • Tiered interest rate - earn competitive rates by maintaining a higher balance
  • $8.00 monthly maintenance fee if balance falls below $5000 any day during a statement cycle

 

*If daily balance falls below the minimum balance on any day of a statement cycle, a $5.00 monthly maintenance fee will be applied.

**Depositors are limited to six transfers and withdrawals (per statement cycle) to another account or to a third party by means of preauthorized, automatic, or telephone transfer. Fees for additional withdrawals are listed on the statement as Total Fees for Service-Chargeable Debits.

VISA debit and POS transactions are not permissible on savings accounts.

We may, at any time, refuse to accept or limit additional deposits into an account. At our discretion, a cashier’s check may be issued and mailed to the account holder for the closing balance of any checking or savings account that has not had activity for 12 months.






Julia Kroeze


Carol Pomerenke