Personal Savings

Compare Our Savings Accounts

Account TypeRegular SavingsMoney Market SavingsFive Star Money Market SavingsExecuStar Money Market SavingsStar Savers Savings
DescriptionInterst bearing savings account with liquidity for the traditional saverSavings with competitive interest rates and liquidity for larger account balancesSavings that offers higher earning potential with monthly compounding plus liquidity for larger account balancesSavings that offers our highest earning potential with monthly compounding plus liquidity for larger account balancesA savings plan for youth under the age of 18 to encourage saving for the future
Opening Deposit$50 $1,000 $5,000 $50,000 $25
InterestInterest accrues daily on collected balance of $50.00 or more and is compounded quarterly and credited quarterlyVariable rates; interest accrues daily on collected balance and is compounded quarterly and credited quarterly. Rates are tiered to give higher rates for higher balancesVariable rates; interest accrues daily on collected balance and is compounded monthly and credited monthly. Rates are tiered to give higher rates for higher balancesVariable rates; interest accrues daily on collected balance and is compounded monthly and credited monthly. Rates are tiered to give the highest rates for higher balancesInterest accrues daily on collected balance of $25.00 or more and is compounded quarterly and credited quarterly
Minimum Balance Required$50 $1,000 $5,000 $50,000 $0.00
Monthly Charge$3 monthly charge if balance falls below minimum required any day of the month$10 monthly charge if balance falls below minimum required any day of the month$15 monthly charge if balance falls below minimum required any day of the month$15 monthly charge if balance falls below minimum required any day of the month$0.00
Fees may reduce earnings.
The interest rate and annual percentage yield may change.

Certificates of Deposit

Certificates of Deposit are an ideal investment for those interested in longer-range investment goals. You can earn higher market rates guaranteed for the life of your certificate.
  • $500 to open an account
  • See current rates
  • Features: Wide range of terms available
    A penalty may be imposed for early withdrawal

Health Savings Accounts

Qualified individuals eligible under a high-deductible health plan can establish a Health Savings Account. This account is a potential tax advantage to offset high deductible health plan expenses. All unused contributions stay in your account, earning tax-deferred interest until you need them. The money in your HSA also remains available even if you change health plans, employers, or retire.
  • $100 to open account
  • $25 setup fee
  • $5 monthly charge if one or more checks post to account during the month

Benefits

  • No minimum balance
  • Interest is paid on all balances
  • No monthly charge if account is accessed with the HSA Debit/ATM Card

IRA Time Accounts

All North Star Bank Savings Certificates are available for your IRA investment with only a $500.00 minimum to open for most accounts.
  • A penalty may be imposed for early withdrawal
  • $500 minimum deposit to open for most accounts
  • IRA Time Accounts are offered at the same rates as our Savings Certificates

Benefits

  • Terms available for investment from 30 days up to 5 years
  • Interest rates based on current market conditions
  • Automatically renewable
  • IRA’s are insured separately up to $250,000.00 by the Federal Deposit Insurance Corporation.
  • Your IRA contribution may be fully or partially tax deductible, please consult a qualified tax advisor. Because IRA’s are designed as retirement savings, you cannot withdraw funds from the account without a tax penalty before you are the age 59 ½. Some exceptions may apply.

IRA Money Market Savings Plan

Our IRA Money Market Savings account will allow you to make continuous deposits and consolidate your retirement funds. You may choose to set up a monthly transfer from your North Star Bank checking account to fund your IRA savings account, to meet your annual deposit goal.
$50.00 minimum opening deposit required

Benefits

  • Deposits in any amount, up to the annual amounts allowable by the Internal Revenue Service
  • Variable interest rate; accrues daily on collected balance and is compounded and paid monthly
  • IRA’s are insured separately up to $250,000.00 by the Federal Deposit Insurance Corporation.

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