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Nicollet County Bank offers a variety of savings accounts to encourage people of all ages to save for the future. We understand the importance of saving and want to encourage everyone to learn how to manage their money.

Convenient, hassle-free options can be added to any of our savings accounts:

  • Uni-Statement combines all your NCB accounts on one monthly statement
  • Direct Deposit or Direct Debit of authorized transactions
  • Netteller Online Banking access allows online inquiry of your Nicollet County Bank accounts
  • ATM Cards
  • 24 Hour Telebanker Line to access account information via phone

Features:

  • $100 Minimum Balance Requirement (to earn interest)
  • Tiered Variable Interest Rates
  • Quarterly Statement
  • $5 quarterly Service Charge if Daily Average Balance drops below $50

For School Age Savers

Features:

  • $50 Minimum Balance Requirement (to earn interest)
  • Tiered Variable Interest Rates
  • Quarterly Statement
  • $1 quarterly Service Charge if Daily Average Balance drops below $50

A Junior Life Saver$ Account at Nicollet County Bank is specifically designed for the young savers and to help them manage their money.

Requirements for Junior Life Saver$ Account:

  • 5-12 years of Age
  • Adult signature on the account
  • Minimum $5 deposit to open
  • Valid social security number.
  • Club member signature is required for all withdrawals and must be present.

Account Features:

  • $5 Minimum Balance Requirement (to earn interest)
  • No Service Charge
  • Tiered Variable Interest Rates
  • Quarterly Statement
  • Prize Punch Card for Deposits

When you become a part of the Junior Life Saver$ Club you will receive:

  • T-shirt
  • Membership card
  • Saver$ Punch card
  • Club newsletter
  • Fun activities and events throughout the year
  • Existing savings accounts can be transferred to a Junior Life Saver$ Account

With your Saver$ Punch Card you will receive one punch for every $5 deposit that is made. After 5 punches, the club member can choose a 1st level Saver$ gift, save the punches until they have have 10 punches and can choose a 2nd level Saver$ gift or save the punches until they have 15 and choose a 3rd level Saver$ gift.*

*Maximum of 15 punches given per deposit, per day. Existing account balances do not qualify for Saver$ Card punches.

Features:

  • $10,000 Minimum Balance requirement (to earn interest)
  • Tiered Variable Interest Rates
  • Monthly Statement

A Coverdell Education Savings Account with Nicollet County Bank is a type of tax-preferred savings and investment account authorized by Internal Revenue Code Section 530 to encourage taxpayers to save for future education expenses. Coverdell Education Savings Accounts first became available as of January 1, 1998, for the 1998 calendar year, as a result of the Taxpayer Relief Act of 1997. The annual contribution limit for contributions during the period of 1998-2001 was $500 per designated beneficiary. Since 2002 the contribution limit has been $2,000 per designated beneficiary.

Grandparents and parents typically establish Coverdell Education Savings Accounts. However, there is no legal requirement that a person must be a relative of the person for whom they wish to contribute funds to a Coverdell Education Savings Account. The new tax law authorizes entities other than individuals to make contributions to a child’s Coverdell Education Savings Account. For example, a nonprofit entity such as a church or foundation could make a contribution to a Coverdell Education Savings Account for a child.

Learn More about Coverdell Education Savings Accounts and read up on some frequently asked questions.