Travel Services
We’re your travel advocates! Unlike other travel services, we don’t make money on what you spend.
Personal Banking
Whether you're managing everyday spending, growing your savings, planning for retirement, or preparing for future expenses, Glenwood State Bank offers personal banking solutions designed to help you reach your financial goals.
Checking Accounts
Whether you're looking for simple everyday banking, an opportunity to earn interest, or additional benefits and rewards, we offer checking account options designed to fit the way you bank.
Core Checking
Simple, straightforward banking with no minimum balance requirements or monthly service charges.
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$5.00 minimum opening deposit required
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No minimum balance requirements
- No monthly service charges
- Debit card available
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Free imaged eStatements
- Mobile deposit available
NOW Checking
Earn interest on your balance while maintaining convenient access to your everyday funds.
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Interest-bearing1
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$800.00 minimum opening deposit required
- Maintain a minimum $800 daily balance or a monthly average balance of $1,200 to avoid a $5.00 monthly service charge4
- One free package of standard checks each year
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Debit card available
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Free imaged eStatements
- Mobile deposit available
Club Checking
A feature-rich checking account that combines everyday banking with additional discounts, protections, and rewards. 3
- $5.00 monthly fee
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$25.00 minimum opening deposit required
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No minimum balance requirements
- Debit card available
- One free order of standard checks each year
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Free imaged eStatements
- Mobile deposit available
- ATM fee refunds2
- Additional benefits (see below)
1) Rates are subject to change at any time. 2) Maximum monthly refund: $20. Maximum yearly refund: $120. Receipts must be submitted within 45 days. 3) Not all plans available in all areas, some restrictions apply. Visit gengold.com or call (800) 428-6686 for complete program details. 4) Additional $5 monthly fee will be imposed if minimum balance requirements are not met.
Identity Theft Protection*
Designed to help you and your family avoid the fastest growing crime in the country – identity theft.
Consumer Protection Services
Enjoy peace of mind knowing your personal information and purchases are safe and secure.
Retail Store Discounts
Get more for less with substantial savings at many of the best stores in town!
Dining & Entertainment Deals
Here, a night on the town can be less expensive than staying in.
Family & Pet Benefits
You can treat the family (and four-legged friends) to discounts and savings on products and services they use everyday!
Health & Wellness Discounts
Receive special pricing and valuable health services discounts from some of the most trusted names in health care today!
Cash Back Rewards
Earn cash back at over 3,000 online merchants! Plus take advantage of daily deals, free shipping, and more!
Interested in GenGold?
Learn More >>*Identity Theft Protection must be activated directly through GenGold after account opening. A $1 monthly fee applies.
Savings Accounts
Whether you're building an emergency fund, saving for future opportunities, or growing long-term reserves, we offer savings solutions designed to help your money work harder.
Personal Savings
A flexible savings account designed to help you build reserves and save toward future goals.
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$5.00 minimum opening deposit required
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No minimum balance requirements
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Interest is compounded daily and credited quarterly*
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Free quarterly imaged eStatement
- Utilize an ICS or CDARs account for balances that exceed FDIC insurance limits
Money Market
Earn higher interest on larger balances while maintaining convenient access to your funds.
- $2,500.00 minimum opening deposit required
- If daily balance falls below $2,500.00, rate changes to Personal Savings rate
- Interest is compounded and credited monthly
- Higher interest rates paid for balances over $10,000, $50,000, $100,000, and $200,000
- Free monthly imaged eStatement
- Checks available for purchase
- Utilize an ICS or CDARs account for balances that exceed FDIC insurance limits
Kids Club Savings
Designed for children age 12 and under, Kids Club Savings helps build healthy savings habits while making saving fun.
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$5.00 minimum opening deposit required
- For kids 12 and under
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Kids get to select a treasure from the treasure chest with each deposit
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Interest is compounded daily and credited quarterly*
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Free quarterly imaged eStatement
- Utilize an ICS or CDARs account for balances that exceed FDIC insurance limits
1) Rates are subject to change at any time.
Looking for Current Interest Rates?
We offer competitive rates on savings accounts, money markets, certificates of deposit, IRAs, and other personal banking products. Contact a Personal Banker for current rates and account details.
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Looking for predictable growth? Certificates of Deposit (CDs) offer fixed terms and competitive returns to help you save with confidence.
CD Options:
- $500.00 minimum opening deposit required
- Time deposits with terms from 7 days to 5 years
- Tiered interest rates available
- Interest compounded quarterly
- Penalty imposed for early withdrawal
Looking for rates? Contact a Personal Banker to discuss a customized rate today!
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Planning for retirement? We can help. Whether you're opening a new IRA, rolling over a retirement account, or setting up a retirement plan for your business, we'll help you find the right solution.
For Individuals-
Traditional IRA
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Roth IRA
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Variable Rate IRA
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Fixed Rate IRA (CD IRA)
For Businesses-
SIMPLE IRA
- SIMPLE Roth IRA
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SEP IRA
- SEP Roth IRA
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Profit Sharing Plans
Contact us to open an account, transfer an existing IRA, or complete a retirement account rollover.Maximum Annual Contributions
Under 50: $7,500 in 2026
Over 50: $8,600 in 2026 -
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Save for healthcare expenses while enjoying valuable tax advantages. HSAs are designed for eligible individuals enrolled in a qualifying high-deductible health plan and can be used for qualified medical expenses today or in the future.
HSA Benefits:
- Competitive interest rates
- No monthly maintenance fees
- Free HSA debit card
- Checks available
- Monthly statements
- Year-end tax reporting
- Local service and support
Contribution Limits:
Single Coverage- 2026 minimum annual deductible: $1,700.00
- 2026 maximum annual out-of-pocket expenses: $8,500.00
- 2026 maximum contributions: $4,400.00
Family Coverage
- 2026 minimum annual deductible: $3,400.00
- 2026 maximum annual out-of-pocket expenses: $17,000.00
- 2026 maximum contributions: $8,750.00
Catch-Up Contributions
- 2026 Age 55 and older: $1,000.00
ICS & CDARS: Added Protection for Larger Deposits
Keep more of your savings protected while continuing to bank locally. If you maintain deposit balances that exceed standard FDIC insurance limits, Insured Cash Sweep® (ICS) and CDARS® can provide access to multi-million-dollar FDIC insurance coverage while allowing you to work with a single trusted banking relationship.
ICS helps protect larger balances held in money market accounts while keeping your funds readily accessible. CDARS provides similar FDIC protection for larger Certificate of Deposit (CD) balances, allowing you to earn competitive fixed rates without the need to open accounts at multiple financial institutions.
Benefits:
- Access to multi-million-dollar FDIC insurance coverage
- Keep one banking relationship with a local community bank
- Receive one consolidated statement
- Maintain convenient access to your accounts
- Earn competitive interest rates
- Avoid the hassle of managing accounts at multiple banks
- No additional service fee
Whether you've sold a business or farm, received an inheritance, are managing retirement savings, or simply maintain larger deposit balances, ICS and CDARS can help provide additional protection while keeping your finances easy to manage.
Interested in learning more? Contact our team to discuss whether ICS or CDARS is right for you.
Need Help Choosing the Right Account?
Whether you're opening your first account, switching banks, building savings, or planning for the future, our Personal Banking team can help you compare options and find the solution that fits your goals.
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As a locally owned, family-owned bank, we're committed to building relationships that last. Since 1907, we've helped customers achieve their financial goals while reinvesting deposits into the families, businesses, farms, and communities we serve.
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Switching banks can take a little effort, but our dedicated team is here to make the process as simple as possible. We'll guide you through every step, including updating direct deposits and automatic payments. We're always happy to answer questions, and customers always tell us the switch was well worth it.
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The best account depends on your banking habits, balance preferences, and whether you're interested in earning interest or additional benefits.
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Money market accounts may offer higher interest rates for customers who maintain larger balances, while savings accounts provide flexibility for everyday saving.
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Yes. Eligible deposits are FDIC insured up to applicable limits.
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Yes. Many personal banking accounts can be opened through our secure online application.
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Yes. While we're rooted in west-central Minnesota, we proudly serve customers wherever life takes them through convenient digital banking services and personalized support.
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Yes. Customers can access online banking, mobile banking, mobile deposit, eStatements, budgeting tools, and more.