Citizens State Bank Norwood Young America savings, CD and money market rates
Citizens State Bank Norwood Young America advertises 0.55% APY on its Passbook Savings account. That is 0.18 percentage points above the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #972 of 2789 tracked savings rates by advertised APY. For a $10,000 balance it would rank #752.
Estimate your earnings·What Citizens State Bank Norwood Young America actually pays
Citizens State Bank Norwood Young America at a glance
| Savings | |
|---|---|
| Top savings APY | 0.55% · Passbook Savings |
| Minimum to open | $0 · Passbook Savings |
| Against the national average | 0.18 percentage points above the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 3.80% · 12 months · 1 Year Certificate of Deposit (Over $500.00) |
| Minimum to open | $500 · 12 months CD |
| Against the national average | 2.07 percentage points above the 1.73% FDIC 12-month CD average (Sep 2026) |
| Money market | |
| Top money market APY | Up to 2.27% · Prime Money Market · needs at least $500,000 |
| Minimum to open | $0 · Prime Money Market |
| Against the national average | 1.64 percentage points above the 0.63% FDIC money market average (Sep 2026) |
| FDIC certificate | 1933 · Norwood Young America, MN |
|---|---|
| Website | www.citizensstatebanknya.com |
| Branches | 1 branch in MN |
| Availability | Available in MN |
Citizens State Bank Norwood Young America savings, CD and money market rates
Personal
How the rate applies
How the rate applies
How the rate applies
How the rate applies
IRA
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.65%, and one account in ten advertises 4.16% or more. See the highest savings rates.
Citizens State Bank Norwood Young America CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 3 months | 3.40% | $500 | 91 Day Certificate of Deposit |
| 6 months | 3.58% | $500 | 182 Day Certificate of Deposit |
| 12 months | 3.80% | $500 | 1 Year Certificate of Deposit (Over $500.00) |
| 12 months | 2.83% | $100 | 1 Year Certificate of Deposit (Under $500.00) |
| 18 months | 3.80% | $500 | 18 Month Certificate of Deposit |
| 30 months | 3.80% | $500 | 30 Month Certificate of Deposit |
| 48 months | 2.88% | $500 | 4 Year Certificate of Deposit |
| 72 months | 2.88% | $500 | 6 Year Certificate of Deposit |
| IRA CDs | |||
| 12 months | 3.70% | $250 | 12 Month Fixed IRA Certificate of Deposit |
| 18 months | 1.71% | $250 | 18 Month Variable IRA Certificate of Deposit |
| 30 months | 3.24% | $250 | 30 Month Fixed IRA Certificate of Deposit |
Interactive Tool
Calculate Savings for Citizens State Bank Norwood Young America
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$206.30(1.5%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,206.30
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Citizens State Bank Norwood Young America pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Citizens State Bank Norwood Young America paid a higher average rate on savings and money market deposits than 31% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Citizens State Bank Norwood Young America, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Passbook Savings | 0.55% | $0 | $0 | None | not stated | None | One rate | |
| Fine print: The monthly maintenance fee is not charged when the account holder is 18 years of age or younger. | ||||||||
| Health Savings Account | 0.50% | $50 | $500 | None | not stated | None | Tiered | |
| Thrift Savings | 0.07% | $50 | $0 | None | not stated | None | One rate | |
| Prime Money Market | 2.27% | $0 | $50,000 | None | not stated | None | Tiered | |
| Portfolio Money Market | 1.00% | $0 | $10,000 | None | not stated | None | Tiered | |
| Premier Money Market | 0.55% | $0 | $2,500 | None | not stated | None | Tiered | |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| 91 Day Certificate of Deposit | 3 months | 3.40% | $500 | not stated | not stated |
| 182 Day Certificate of Deposit | 6 months | 3.58% | $500 | not stated | not stated |
| 1 Year Certificate of Deposit (Over $500.00) | 12 months | 3.80% | $500 | not stated | not stated |
| 1 Year Certificate of Deposit (Under $500.00) | 12 months | 2.83% | $100 | not stated | not stated |
| 18 Month Certificate of Deposit | 18 months | 3.80% | $500 | not stated | not stated |
| 30 Month Certificate of Deposit | 30 months | 3.80% | $500 | not stated | not stated |
| 4 Year Certificate of Deposit | 48 months | 2.88% | $500 | not stated | not stated |
| 6 Year Certificate of Deposit | 72 months | 2.88% | $500 | not stated | not stated |
| IRA CDs | |||||
| 12 Month Fixed IRA Certificate of Deposit | 12 months | 3.70% | $250 | not stated | not stated |
| 18 Month Variable IRA Certificate of Deposit | 18 months | 1.71% | $250 | not stated | not stated |
| Fine print: The rate on this certificate is variable. The interest rate and annual percentage yield can change monthly, unlike a fixed-rate certificate. | |||||
| 30 Month Fixed IRA Certificate of Deposit | 30 months | 3.24% | $250 | not stated | not stated |
Opening and using the account
| Availability | Available in MN |
|---|---|
| Footprint | 1 branch in MN |
| Eligibility | not stated |
How Citizens State Bank Norwood Young America behaves over time
- 12-month high
- 0.55%
- 12-month low
- 0.50%
- Advertised now
- 0.55%
- At the 12-month high
- Observed cuts, 12 months
- 0
- In a window with 2 Federal Reserve cuts
The advertised Passbook Savings rate, observed through Oct 7, 2026. The series includes promotional tiers where one applied.
Recent rate changes, as observed
- Obs. Sep 30, 2026Prime Money MarketRaise:1.16%to1.26%
- Obs. Sep 30, 2026Portfolio Money MarketRaise:0.55%to0.60%
- Obs. Sep 30, 2026Premier Money MarketRaise:0.40%to0.45%
- Obs. Sep 30, 2026Health Savings AccountRaise:0.05%to0.10%
- Obs. Sep 30, 2026Passbook SavingsRaise:0.50%to0.55%
- Passbook Savings
- The same as 7 days ago.
- 12 months CD
- The same as 7 days ago.
- Prime Money Market
- The same as 7 days ago.
$10,000 at the 0.55% APY Citizens State Bank Norwood Young America advertises on Passbook Savings grows to $10,055 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,724 does today. See how the federal funds rate shapes savings rates.
- Passbook Savings APY
- Banksparency savings index
Citizens State Bank Norwood Young America CD rates over time
Who is Citizens State Bank Norwood Young America?
| Headquarters | Norwood Young America, MN |
|---|---|
| Founded | 1914 |
| Scale | $141M assets · $127M deposits, $95M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 1933 |
| Charter state | Minnesota · one of 223 insured banks chartered there (Q2 2026, FDIC) |
| Size | 3,296th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 37% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Citizens State Bank Norwood Young America pays on deposits above.
Common questions about Citizens State Bank Norwood Young America
Is Citizens State Bank Norwood Young America FDIC insured?
Yes. Citizens State Bank Norwood Young America is FDIC insured under certificate 1933, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Citizens State Bank Norwood Young America?
Citizens State Bank Norwood Young America requires no minimum deposit to open its Passbook Savings account, as observed on Oct 7, 2026. Check the bank's current terms before you open an account.
Does Citizens State Bank Norwood Young America have branches?
Yes. Citizens State Bank Norwood Young America operates 1 branch according to FDIC branch records, in addition to its website and mobile apps.
Citizens State Bank Norwood Young America against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Citizens State Bank Norwood Young America | 0.55% | 0.97% | $0 | 1 branch in MN |
| Banco do Brasil Americas | 0.55% | 2.47% | $1,000 | 4 branches in FL |
| Commercial State Bank, of Wagner | 0.55% | 0.57% | $1 | 1 branch in SD |
| First National Bank in Olney | 0.55% | 1.52% | $100 | 6 branches in IL |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Citizens State Bank Norwood Young America's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Minnesota, nearest to Citizens State Bank Norwood Young America in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: banks in Minnesota.