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Statement Savings

First Dakota has several savings options to meet a variety of savings needs. Teach your children how to save with this account. Statement savings is perfect for showing young minds the value of adding money to savings accounts.

  • No minimum balance is required for those under 18.
  • Interest is compounded and credited quarterly, and a quarterly statement is issued (monthly if electronic activity).     

Statement Savings Rate

Daily Balance Interest Rate APY*
All 0.03% 0.03%

Interest Rates and Annual Percentage Yields as of September 17, 2020. Rates can be adjusted at any time. Fees may reduce earnings. Minimum balance required to obtain stated Annual Percentage Yields (APY). No institutional funds allowed.

Fees:

A $3.00 monthly service charge if daily balance falls below $100.00. No minimum balance for customers under 18 years old. 
$2.00 service charge for each withdrawal over 6 per calendar month.

Open a savings account online or contact our bankers if you’re ready to open a savings account with us.

Open an account online