The Citizens National Bank of Park Rapids savings, CD and money market rates
The Citizens National Bank of Park Rapids' Statement Savings advertises 0.25% APY. That is 0.13 percentage points below the national savings average of 0.38% (FDIC, Oct 2026).
Ranked #1756 of 3121 tracked savings rates by advertised APY. For a $10,000 balance it would rank #1542.
Estimate your earnings·What The Citizens National Bank of Park Rapids actually pays
The Citizens National Bank of Park Rapids at a glance
| Savings | |
|---|---|
| Top savings APY | 0.25% · Statement Savings |
| Minimum to open | $10 · Statement Savings |
| Against the national average | 0.13 percentage points below the 0.38% FDIC savings average (Oct 2026) |
| CDs | |
| Top CD APY | 4.27% · 25 months · 25 Month CD Special |
| Minimum to open | not stated · 25 months CD |
| Against the national average | 2.72 percentage points above the 1.55% FDIC 24-month CD average (Oct 2026) |
| Money market | |
| Top money market APY | Up to 2.50% · Platinum Money Market Account · needs at least $500,000 |
| Minimum to open | not stated · Platinum Money Market Account |
| Against the national average | 1.87 percentage points above the 0.63% FDIC money market average (Oct 2026) |
| FDIC certificate | 5223 · Park Rapids, MN |
|---|---|
| Website | www.cnbbank.com |
| Branches | 1 branch in MN |
| Availability | Available in MN |
The Citizens National Bank of Park Rapids savings, CD and money market rates
Personal
How the rate applies
How the rate applies
IRA
Rates are APY. The national savings average is 0.38% (FDIC, Oct 2026). The top tracked savings rate on Banksparency is 12.00%. 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 4.20% or more. See the highest savings rates.
The Citizens National Bank of Park Rapids CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| not stated | 4.00% | $25 | Graduate CD (18 Yrs & Younger) |
| 3 months | 2.53% | not stated | 3 Month CD |
| 5 months | 3.55% | not stated | 5 Month CD |
| 6 months | 2.63% | not stated | 6 Month CD |
| 9 months | 3.29% | not stated | 9 Month CD |
| 12 months | 3.03% | not stated | 12 Month CD |
| 13 months | 4.06% | not stated | 13 Month CD Special |
| 18 months | 3.03% | not stated | 18 Month CD |
| 24 months | 3.03% | not stated | 24 Month CD |
| 25 months | 4.27% | not stated | 25 Month CD Special |
| 30 months | 3.14% | not stated | 30 Month CD |
| 36 months | 3.29% | not stated | 36 Month CD (Step up Rate) |
| 60 months | 3.44% | not stated | 60 Month CD |
| IRA CDs | |||
| not stated | 3.00% | not stated | Education IRA |
| 12 months | 2.75% | not stated | 1 Year Fixed Rate IRA |
| 24 months | 3.00% | not stated | 2 Year Variable Rate IRA |
Interactive Tool
Calculate Savings for The Citizens National Bank of Park Rapids
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$93.40(0.7%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,093.40
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What The Citizens National Bank of Park Rapids 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, The Citizens National Bank of Park Rapids paid a higher average rate on savings and money market deposits than 62% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- The Citizens National Bank of Park Rapids, 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 |
|---|---|---|---|---|---|---|---|---|
| Statement Savings | 0.25% | $10 | $0 | None | $2.00 quarterly if balance below $100.00, can be waived | not stated | One rate | |
| Fine print: Twelve debits per quarter are free, and each additional withdrawal is charged $0.50. The maintenance fee is charged quarterly, not monthly, and is waived by a $100 minimum balance. | ||||||||
| Christmas Savings | 0.25% | $10 | $0 | None | $3.00 quarterly if balance below $10.00, can be waived | not stated | One rate | |
| Fine print: Only one withdrawal a year is allowed, and it is paid by a Christmas Club check the bank issues in mid-November. The maintenance fee is charged quarterly, not monthly, and is waived by a $10 minimum balance. | ||||||||
| Platinum Money Market Account | Up to 2.50% | not stated | $0 | None | not stated | not stated | Tiered | |
| Premium Money Market Account | Up to 0.50% | not stated | $0 | None | not stated | not stated | 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 | |||||
| Graduate CD (18 Yrs & Younger) | not stated | 4.00% | $25 | not stated | not stated |
| Fine print: No withdrawals are allowed until age 18, and one withdrawal a year is allowed between ages 18 and 21. | |||||
| 3 Month CD | 3 months | 2.53% | not stated | not stated | not stated |
| 5 Month CD | 5 months | 3.55% | not stated | not stated | not stated |
| 6 Month CD | 6 months | 2.63% | not stated | not stated | not stated |
| 9 Month CD | 9 months | 3.29% | not stated | not stated | not stated |
| 12 Month CD | 12 months | 3.03% | not stated | not stated | not stated |
| 13 Month CD Special | 13 months | 4.06% | not stated | not stated | not stated |
| 18 Month CD | 18 months | 3.03% | not stated | not stated | not stated |
| 24 Month CD | 24 months | 3.03% | not stated | not stated | not stated |
| 25 Month CD Special | 25 months | 4.27% | not stated | not stated | not stated |
| 30 Month CD | 30 months | 3.14% | not stated | not stated | not stated |
| 36 Month CD (Step up Rate) | 36 months | 3.29% | not stated | not stated | not stated |
| 60 Month CD | 60 months | 3.44% | not stated | not stated | not stated |
| Fine print: A Citizens National Bank deposit account is required. | |||||
| IRA CDs | |||||
| Education IRA | not stated | 3.00% | not stated | not stated | not stated |
| 1 Year Fixed Rate IRA | 12 months | 2.75% | not stated | not stated | not stated |
| 2 Year Variable Rate IRA | 24 months | 3.00% | not stated | not stated | not stated |
| Fine print: The rate is variable and can change during the term. | |||||
Opening and using the account
| Availability | Available in MN |
|---|---|
| Footprint | 1 branch in MN |
| Eligibility | not stated |
How The Citizens National Bank of Park Rapids behaves over time
Every observation of the advertised Statement Savings rate in the last 12 months was 0.25% (observed through Oct 17, 2026). The series includes promotional tiers where one applied.
- Statement Savings
- The same as 30 days ago.
- 25 months CD
- The same as 30 days ago.
- Rate last changed
- Aug 15, 2026(effective date)
$10,000 at the 0.25% APY The Citizens National Bank of Park Rapids advertises on Statement Savings grows to $10,025 in a year. Prices rose 3.7% in the year to September 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,664 does today. See how the federal funds rate shapes savings rates.
The Citizens National Bank of Park Rapids CD rates over time
Who is The Citizens National Bank of Park Rapids?
| Headquarters | Park Rapids, MN |
|---|---|
| Founded | 1933 |
| Scale | $397M assets · $348M deposits, $291M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 5223 |
| Charter state | Minnesota · one of 223 insured banks chartered there (Q2 2026, FDIC) |
| Size | 2,017th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 38% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What The Citizens National Bank of Park Rapids pays on deposits above.
Common questions about The Citizens National Bank of Park Rapids
Is The Citizens National Bank of Park Rapids FDIC insured?
Yes. The Citizens National Bank of Park Rapids is FDIC insured under certificate 5223, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at The Citizens National Bank of Park Rapids?
The Citizens National Bank of Park Rapids requires a minimum deposit of $10 to open its Statement Savings account, as observed on Oct 17, 2026. Check the bank's current terms before you open an account.
Does The Citizens National Bank of Park Rapids have branches?
Yes. The Citizens National Bank of Park Rapids operates 1 branch according to FDIC branch records, in addition to its website and mobile apps.
The Citizens National Bank of Park Rapids against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| The Citizens National Bank of Park Rapids | 0.25% | 1.75% | $10 | 1 branch in MN |
| Adrian Bank | 0.25% | 1.02% | $100 | 3 branches in MO |
| Alliance Community Bank | 0.25% | 0.56% | $100 | 6 branches in IL |
| Anderson Brothers Bank | 0.25% | 2.57% | $50 | 27 branches in SC |
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 The Citizens National Bank of Park Rapids's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Minnesota, nearest to The Citizens National Bank of Park Rapids in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: CD rates in Minnesota, money market rates in Minnesota, and banks in Minnesota.