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Personal Savings & CDs

Now, perhaps more than ever, people are putting money away … to save for special goals such as trips, earn interest on easily accessible assets, to help their kids learn to manage their money, or maintain as an emergency fund for a “rainy day.” At Bank of Hazelton, our savings accounts offer flexibility, competitive interest rates, and a solid foundation for achieving your financial goals and dreams. 

Any time you come in or call Bank of Hazelton, you can expect helpful personal service. We are local, customer-focused, and community-oriented. The dollars you save here fuel loans to local people and businesses, helping the success of our community and those around you.

 

Savings Accounts

Statement SavingsMoney Market Savings**
Interest Earned yes yes
Opening Balance Requirement$10.00$10.00
Minimum Balance Requirement/Service Charge$0.00$2,500.00/$10.00 per month if below minimum balance
Online Banking yes yes
Online Bill Pay yes yes
Statement Savings
Interest Earned
 yes
Opening Balance Requirement
$10.00
Minimum Balance Requirement/Service Charge
$0.00
Online Banking
 yes
Online Bill Pay
 yes
Money Market Savings**
Interest Earned
 yes
Opening Balance Requirement
$10.00
Minimum Balance Requirement/Service Charge
$2,500.00/$10.00 per month if below minimum balance
Online Banking
 yes
Online Bill Pay
 yes

** No more than 6 withdrawals/transfers per month/statement period & no more than 3 of the 6 withdrawals may be by check, draft, or debit card

Certificate of Deposit (CD)

CDs from the Bank of Hazelton are a safe, flexible way to save.  They are ideal for a wide range of purposes such as a short term investment too a way to save for retirement.  Our CDs are FDIC insured and offer guaranteed fixed interest rates at a variety of terms. 

Choose a Bank of Hazelton Certificate of Deposit (CD) in 3 Easy Steps

Certificates of deposit (CDs) provide customers a “safe haven” for parking their money while accumulating interest. Putting money into a Bank of Hazelton certificate of deposit and getting it out are easy, so depending on how long the term of your CD, it offers “liquidity” in that your funds are not locked up for too long. Our CDs are affordable to even the smallest investor. And while other investment options (such as stocks or mutual funds) may offer higher returns, they also carry higher risks and fees. In contrast, bank CDs guarantee the safety of the principal, plus the interest you’ve earned, because they are FDIC insured.

How do you invest in a certificate of deposit? Just follow these 3 steps:

  1. Decide how long you want to invest a specific sum of money.
    CDs come with a wide variety of terms, which means you can adapt them to your needs. If you have money you want to “park” for just a short period, determine when you will need the money again. Will you have to pay taxes in three months? Will you want it for next year’s vacation? Remember, if you have to withdraw the funds before maturity, early withdrawal penalties may apply.
  2. Remember that typically, the longer the term, the higher the interest rate for the certificate of deposit. If you won’t need the money for some time, choose longer terms.
  3. If you think rates are going to go up, you may want to choose a short-term certificate of deposit.

During a time of fluctuating rates, you may want to choose a shorter term in case rates climb significantly higher.


Savings and Retirement Calculators

If you need help choosing which savings account or CD would be best suited for you, you can call or stop in and talk to one of our personal banking professionals that will help guide you to the one that best suits your needs and goals.

To open your savings account or CD, stop by the Bank of Hazelton location at 363 Main Street, Hazelton, North Dakota. Or get started by calling us at 701-782-6295 for account openings by phone. Call and talk to a personal banking professional during our Customer Service hours, 8:30 AM to 4:00 PM Monday - Friday.

 
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