Personal Banking

• Age 55 and over
• No monthly service charge
• No minimum balance
• Many services provided at no charge
• First order of safety checks at no charge

• Personal NOW Checking
• Superior Gold NOW Checking (Age 55 and over)
• Service charge applies if average daily balance is below $1,500.00. Disclosure available upon request
• Interest compounds monthly

At Grand Marais State Bank, our industry-leading consumer credit card products offer competitive pricing combined with a full range of reward options, making it easy to select and apply for the card that meets your needs. Learn More or Apply Now.

• No minimum balance
• Interest compounds quarterly
• A $2.00 per month maintenance fee applies if average daily balance is below $200.00
• A $1.00 fee is applied for each withdrawal in excess of three per month
• Disclosure available upon request

• Children ages 12 and under
• $25.00 to open
• No maintenance fees
• Interest compounds quarterly

• $2,500.00 deposit required to open account
• $5.00 per month if average daily balance falls below $2,500.00
• Interest compounded monthly
• Tiered rate based on balance
• Disclosure available upon request

• 182 Days (6 Months)
  • Minimum balances of $1,000.00, $5,000.00 or $10,000.00
  • Rates vary with balance

• 1 Year - Minimum balance of $1,000.00
• 2 Year - Minimum balance of $1,000.00
• 3 Year - Minimum balance of $2,500.00
• 5 Year - Minimum balance of $2,500.00

*Disclosure available upon request

This account features tax-free withdrawals after reaching age 59 1/2 and maintaining your ROTH for 5 years. When you take a distribution at that time, you pay no taxes on any of the earnings that your money has accumulated.

Contributions to a Roth IRA are not tax-deductible.

Contact your tax advisor to find out how an IRA could help you meet your financial goals.