Deposit Accounts for Every Need

Sherburne State Bank offers many different types of deposit accounts. Let us help you open the accounts that work best for your personal needs.

Deposit Accounts for Every Need

Monticello

763-271-7177

Princeton

763-389-4099
Convenience Plus Checking
  • NO Minimum Balance Required ($100.00 initial deposit)
  • Unlimited Check Writing Privileges
  • FREE Internet Banking
  • FREE Sherburne Telebank Access
  • FREE Internet Bill Pay
  • Check Safekeeping
  • Debit / ATM Card Available at NO Initial Charge
Convenience Checking
  • NO Minimum Balance Required ($100.00 initial deposit)
  • Unlimited Check Writing Privileges
  • FREE Internet Banking
  • FREE Sherburne Telebank Access
  • FREE Internet Bill Pay
  • Check Safekeeping
  • Debit / ATM Card Available at NO Initial Charge
  • Images of Canceled Checks Returned in Statement for a $2.00 Monthly Charge
Executive Checking (Age 55 and above)
  • NO Minimum Balance Required ($100.00 initial deposit)
  • NO Monthly Service Charge
  • FREE Box of Checks
  • FREE Cashier’s Checks, Money Orders and Account Activity Print-Outs
  • FREE Internet Banking
  • FREE Sherburne Telebank Access
  • Credit of $10.00 on One Safe Deposit Box
  • FREE Internet Bill Pay
  • Unlimited Check Writing Privileges
  • Check Safekeeping
  • Debit / ATM Card Available at NO Initial Charge
Classic NOW
  • FREE Internet Banking
  • FREE Sherburne Telebank Access
  • FREE Internet Bill Pay
  • Debit / ATM Card Available at NO Initial Charge
  • Check Safekeeping
  • $500.00 Deposit to Open the Account
  • $500.00 Minimum Daily Balance Requirement – A monthly service charge of $10.00 will be collected if the balance falls below $500.00 any day of the cycle.
  • Interest Bearing on the Daily Collected Balances at a Variable Rate, Compounded and Credited Monthly – The interest rate may change and is subject to change on a daily basis. Fees may affect earnings.
Money Market Advantage Account
  • FREE Internet Banking
  • FREE Sherburne Telebank Access
  • FREE Internet Bill Pay
  • Debit / ATM Card Available at NO Initial Charge
  • Check Safekeeping
  • $25,000.00 Deposit to Open the Account
  • $25,000.00 Minimum Daily Balance Requirement – A monthly service charge of $25.00 will be collected if the balance falls below $25,000.00 any day of the cycle.
  • Interest Bearing on the Daily Collected Balances at a Variable Rate, Compounded and Credited Monthly – The interest rate may change and is subject to change on a daily basis. Fees may affect earnings.

Note: Transfers from a Money Market Advantage account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle.

Money Market Demand Account
  • FREE Internet Banking
  • FREE Sherburne Telebank Access
  • FREE Internet Bill Pay
  • Debit / ATM Card Available at NO Initial Charge
  • Check Safekeeping
  • $1,000.00 Deposit to Open the Account
  • $1,000.00 Minimum Daily Balance Requirement – A monthly service charge of $10.00 will be collected if the balance falls below $1,000.00 any day of the cycle.
  • Interest Bearing on the Daily Collected Balances at a Variable Rate, Compounded and Credited Monthly – The interest rate may change and is subject to change on a daily basis. Fees may affect earnings.
Classic Savings
  • Initial Opening Deposit of $100.00
  • NO Minimum Balance Required to Earn Interest
  • Interest Bearing on the Daily Collected Balances at a Variable Rate, Compounded and Credited Quarterly – The interest rate may change and is subject to change on a daily basis. Fees may affect earnings.
  • A Service Charge of $5.00 will be collected each statement cycle (monthly) if the balance falls below $100.00 any day of the cycle.
  • A Service Charge of $0.25 will be collected for each withdrawal in excess of four during a monthly cycle.
Money Market Demand Account
  • Initial opening deposit of $1,000
  • FREE Internet Banking
  • FREE Sherburne Telebank access
  • FREE internet bill pay
  • Debit / ATM card available at no initial charge
  • Check safekeeping
  • $1,000.00 minimum daily balance requirement – A monthly service charge of $10.00 will be collected if the balance falls below $1,000.00 any day of the cycle. Interest bearing on the daily collected balances at a variable rate, compounded and credited monthly. The interest rate may change and is subject to change on a daily basis. Fees may affect earnings.

Note: Transfers from a Money Market Demand account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per statement cycle.

Money Market Advantage Account
  • Initial opening deposit of $25,000
  • FREE Internet Banking
  • FREE Sherburne Telebank access
  • FREE internet bill pay
  • Debit / ATM card available at no initial charge
  • Check safekeeping
  • $25,000.00 minimum daily balance requirement. A monthly service charge of $25.00 will be collected if the balance falls below $25,000.00 any day of the cycle.
  • Interest bearing on the daily collected balances at a variable rate, compounded and credited monthly. The interest rate may change and is subject to change on a daily basis. Fees may affect earnings.
Competitive, guaranteed rates for term of deposit:
  • $500 Minimum Deposit Required
  • Interest Compounds Quarterly
  • FDIC Insured  
Terms available:
  • 3 Months
  • 6 Months
  • 12 Months
  • 24 Months
  • 36 Month

Penalty may be imposed for early withdrawal. Rates are subject to change without notice.

IRA Savings Account

Initial opening deposit of $100

Monticello

763-271-7177

Princeton

763-389-4099

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