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Business Savings

For those businesses that don't have a need to write checks or would like to earn interest on their money, we have the following options available for business savings accounts.

    Business Savings Accounts

  • No service charges ($2 monthly service charge if balance falls below $100)
  • Interest accrued daily paid quarterly
  • Quarterly statements
  • Withdrawal limits apply*

    Money Market Savings Accounts

  • Pays money market tiered rates based on deposit balance
  • Interest rate subject to change at bank's discretion
  • Withdrawal, transfer limitations apply according to regulations*
  • Bank reserves right to require 7 days’ notice of withdrawal

*Telephone transfers and pre-authorized automatic or electric fund transfers are limited to a maximum of 6 per month $2 service charges for excessive withdrawals.

    Health Savings Accounts

For those employers who have a high deductible health insurance plan, we offer a health savings account for you and your employees. Consult your tax advisor with questions.

  • Tiered rates
  • Free online banking available
  • Electronic statements provided
  • ATM/debit card available

Click here to view the Minnesota Lakes Bank Online Access Agreement and Disclosure Statement.