Clinton State Bank Rates & Review

Clinton State Bank Review

Clinton State Bank is an independent, locally owned bank based in Clinton, Minnesota.

Clinton State Bank, based in Clinton, Minn., is an independent, locally owned institution. The bank has a common sense approach to banking and is known as "The Bank That Understands." Deposits in the bank are insured by the Federal Deposit Insurance Corp. (FDIC).

Checking and savings account choices

Several personal checking accounts are available, including the Basic Checking Account that requires a minimum balance of $100 to avoid service charges, "The Club" Account that has no minimum balance and unlimited check and deposit processing, and the "Now" Checking Account that pays interest and requires a minimum daily balance of $1,500 to avoid monthly fees. The "Super Now" Account requires an opening deposit of $2,500 and pays interest. There also is a checking account for senior citizens.

Customers also can open a Basic Savings Account, IRAs, and CD accounts with terms ranging from 3 to 50 months. Customers looking for checking with higher interest rates can choose from a regular money market account or a Money Market Platinum Account with tiered interest rates.

Business checking account customers must maintain a minimum balance of $100 to avoid a service charge.

Credit and lending

Clinton State Bank offers personal loans for uses such as automobiles, tuition, and home improvement, and residential real estate. It also offers commercial loans for industrial equipment, agriculture, small businesses, agriculture real estate, and commercial real estate.

Insurance

Clinton State Bank offers insurance (auto, home, life, health, and more) through the Clinton State Agency. Insurance products are not deposits or products of Clinton State Bank and are not bank guaranteed.