P.O. Box 25
Halstad, MN 56548
218-456-2187
1-800-472-1754
Fax: 218-456-2199
Email:
info@redriverbank.com

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Now Account- Interest Bearing Checking

An Interest Bearing account requires you to keep a minimum of $750 in your account at all times. If you go below this amount at any time during a statement cycle, you will be penalized a $8.00 service charge per statement cycle. Interest will be compounded and credited to this account every statement cycle.  Interest begins to accrue on the business day you deposit. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Your interest rate and annual percentage yield (APY) may change. We may change the interest rates on the following accounts at any time.

In a Classic Club Now, you are charged a $5.00 monthly club fee, unlimited check writing, added club privileges, banking services, credit card registration, and insurance protection.

In a Gold Classic Club Now, you are charged a $3.00 monthly club fee, with the same products as Classic Club Now, however, it is  reserved for a select group over 55 years of age.

There is No minimum balance required in Free Checking, you will not pay a monthly service charge, safekeeping of checks required, and a monthly statement provided. Unlimited check writing. Your first order of regular checks are provided free for opening a new checking account.

There is no minimum balance required in Regular Checking. There is a  $5.00 monthly service charge per statement cycle. Cancelled checks and statements provided to customer on a monthly basis. 

There is no minimum balance in Classic Checking. There is a $5.00 monthly club fee, no monthly service charge, unlimited check writing, and added club privileges, banking services, credit card registration, and  life insurance.

Same as the Classic Checking, but reserved for a select group 55 years of age and over, and a $3.00 monthly club fee.