The First State Bank of Rosemount Rates & Review

The First State Bank of Rosemount Review

For more than 100 years, The First State Bank of Rosemount has provided community banking services to their individual and commercial customers in Minnesota.

While some banks have opted to increase their number of branches or increase their customer base with online-only accounts, The First State Bank of Rosemount has continued to focus entirely on personalized banking. The goal is to develop a one-on-one relationship with customers, who must open accounts in person at the bank in Rosemount or by mail.

Bauer Financial gives The First State Bank of Rosemount a five-star "superior" rating.

Financial services

The First State Bank of Rosemount provides both commercial and personal banking services, including online banking and bill paying. Customers can transfer funds, check account balances, make loan payments to the bank and pay other bills with online banking and download financial information to Microsoft Money. The bank website has multiple calculators to help customers make good financial decisions.

The bank also offers auto, mortgage, home equity and personal loans to individual customers.

Financial products

Customers at The First State Bank of Rosemount can choose from several options for a checking account, including a Reward Account with high interest rates for balances of $10,000 or more. The bank also offers a money market account with variable interest rates.

For savings, customers can choose between a traditional savings account and a certificate of deposit (CD). The bank also provides IRAs.

Deposit insurance

The First State Bank of Rosemount has been insured by the Federal Deposit Insurance Corporation since 1934.

In July 2010, FDIC coverage for eligible deposits was permanently increased from $100,000 to $250,000 per depositor. Joint accounts are insured by FDIC up to at least $250,000 per account holder.

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