Personal Savings Account

Your future is far too valuable to place in the hands of a national chain. Only a hometown bank will treat your hopes and dreams with the care and respect they are owed. When you want industry-leading expertise coupled with warm, personalized service, Pine Country Bank delivers.

Savings Accounts

Regardless of how you decide to save or invest your money, we can match your savings goals with our FDIC-insured savings accounts and certificates of deposit (CDs). Both of our savings account options feature online bill pay, free online and mobile banking, and the ability to waive the monthly service fee if balance requirements are met. We also offer safe investments in CDs with competitive rates and flexible terms ranging from 3 to 48 months.

  • Variable Rate Money Market
    Ideal for those looking for competitive interest rates
  • Daily Interest Savings
    Best for those looking for a minimal opening deposit
Best for you if you want
Debit Card0
Free Online Baking
Free Mobile Banking1
Online Bill Pay2
Free E-Statements
Interest Earning Accounts
Minimum Opening Deposit
Debit Item Fee
Monthly Service Fee
Variable Rate Money Market** *
Account with competitive interest in a 4-tier plan
20¢ or waived if balance requirements are met
$5 or waived if balance requirements are met
Daily Interest Savings*
Simple savings account
$3/quarter or waived if balance requirements are met3

** This account restricts the number of telephone transfers, online banking transfers, checks, debit card transactions and preauthorized transfers on this account to (6) per month, but unlimited transfers and/or withdrawals are allowed if done in person, by mail, at an ATM, or for loan payments at our branch.

*A $25.00 fee may apply if your account is closed within 6 months of the opening date.

0 One Time or monthly fees may apply.
1 Your mobile carrier’s text messaging and web access charges may apply.
2 First 10 transactions are free per monthly anniversary date. Additional bill pay transactions are $0.50 each.
3 No minimum balance for persons under 18 years of age.

Health Savings Accounts

A Health Savings Account (HSA) allows you to set money aside on a pre-tax basis. It functions like a regular checking account that you would exclusively use to pay for qualified medical expenses. Whichever HSA funds you don’t spend continue to grow tax-free.

Using untaxed savings to cover the costs of deductibles, copayments, coinsurance, and other expenses can help you save significantly on healthcare costs. You, another eligible individual, and your employer may all contribute to your HSA. Non-employer contributions are deductible on your return regardless of whether or not you itemize deductions.

You can set up an HSA without permission or authorization from the IRS. You do need to partner with a qualified HSA trustee – but you have already found the best one in central Minnesota for the job. We welcome you to contact Pine Country Bank today to learn more about whether an HSA is right for your unique financial and healthcare needs.

Please consult your tax professional for any information regarding a high-deductible health plan (HDHP). For further information, review IRS Publication 969.

What are the benefits of an HSA?

There are several benefits of having an HSA, these are a few:

  • You can claim a tax deduction for contributions you, or someone other than your employer, make to your HSA even if you do not itemize your deductions on Form 1040
  • Contributions to your HSA made by your employer (including contributions made through a cafeteria plan) may be excluded from your gross income
  • The contributions remain in your account from year to year until you use them.
  • The interest or other earnings on the assets in the account are tax-free
  • Distributions may be tax-free if you pay qualified medical expenses
  • An HSA is “portable” so it stays with you if you change employers or leave the workforce
How do I qualify for an HSA?

You must meet the following requirements:

  • You must be covered under a high deductible health plan (HDHP)
  • You have no other health coverage except what is permitted under other health coverage, found at
  • You are not enrolled in Medicare
  • You cannot be claimed as a dependent on someone else’s tax return
  • There are minimum deductible requirements as well as maximum contribution limits. For further information please visit:
What is a high deductible health plan (HDHP)?

High deductible health plans (HDHPs) can be combined with a health savings account or a health reimbursement arrangement to allow you to pay for qualified out-of-pocket medical expenses on a pre-tax basis. An HDHP has:

  • A higher annual deductible than typical health plans
  • A maximum limit on the sum of the annual deductible and out-of-pocket medical expenses that you must pay for covered expenses. Out-of-pocket expenses include copayments and other amounts but do not include premiums
  • An HDHP may provide preventive care benefits without a deductible or with a deductible below the minimum annual deductible.
What is considered preventive care?

Preventive care includes, but is not limited to, the following:

  • Periodic health evaluations, including tests and diagnostic procedures ordered in connection with routine examinations, such as annual physicals
  • Routine prenatal and well-child care
  • Child and adult immunizations
  • Tobacco cessation programs
  • Obesity weight-loss programs
  • Screening services. This includes screening services for the following:
    • Cancer
    • Heart and vascular diseases
    • Infectious diseases
    • Mental health conditions
    • Substance abuse
    • Metabolic, nutritional, and endocrine conditions
    • Musculoskeletal disorders
    • Obstetric and gynecological conditions
    • Pediatric conditions
    • Vision and hearing disorders

IRA Savings

A traditional IRA (Individual Retirement Account) is a tax-advantaged personal savings plan to which you may make tax-deductible contributions. Most people are eligible to open an IRA. It is easy to set one up. Unlike a 401(k), you are at liberty to make decisions about your IRA – and you will not lose it if you change careers. And perhaps best of all, because an IRA features tax-deferred growth, you wouldn’t have to pay taxes on your contributions or earnings until you’re 73 years old.

At Pine Country Bank, we take pride in helping our clients achieve the rewarding retirements they’ve worked so hard toward. In addition to great savings plans and competitive interest rates on CDs, we offer expert guidance you can count on while determining whether an IRA is right for you, as well as setting one up. We welcome you to contact us today to begin an important conversation about life after work.

 Your Hometown Bank

Little Falls

1201 First Avenue NE
P.O. Box 528
Little Falls, MN 56345
(320) 632-9740


750 County Road 21
PO Box 197
Rice, MN 56367
(320) 393-4200


412 North Highway 10
P.O. Box 25
Royalton, MN 56373
(320) 584-5522


(877) 584-5858
24-hour banking from any touch-tone phone

Routing Number