Checking Accounts

When you trust your money to a bank, you want to be sure it's in an account that's right for you, whether it's checking or savings. The account that gives you the most for what you need. That's exactly why we have a variety of accounts to choose from. From our Frontier Checking to Money Market to a Certificate of Deposit, you'll find the account that has your best interest at heart.

Frontier Checking
Pioneer Checking
Pioneer Plus Checking
Health Savings Account (HSA)

Description:

A checking account with no fees as long as the balance remains above $0.

Requirements:

Must be 18 years of age or must be jointly opened with an adult.

Benefits:

Easy access to funds.
Monthly Bank Statements.

Cost:

No service charge unless balance falls below $0.00. In addition to NSF and Overdraft charges, if balance falls below $0.00 any day of the statement cycle, a service charge fee of $3.00 plus $.15 per check will be imposed on the account.
No service charge is imposed for seniors over 62 and students under 22 whose parents have an account relationship with Dakota Heritage Bank.

Description:

An account that pays interest on your balance and provides easy access to your money.

Requirements:

Must be 18 years of age or must be jointly opened with an adult.
A minimum of $750.00 to open this account.

Benefits:

This account is an interest bearing account.
Interest begins to accrue on the business day you deposit.
Interest will be compounded monthly.
Interest will be credited to the account monthly.
We use the daily balance method to calculate the interest on the principle of this account.

Cost:

No service charge unless balance falls below $750.00. In addition to NSF and Overdraft charges, if the balance falls below $750.00 any day of the statement cycle, a service charge fee of $5.00 plus $.15 per check will be imposed on the account.

Description:

An account that pays interest on your balance and provides easy access to your money.

Requirements:

Must be 18 years of age or must be jointly opened with an adult.
A minimum of $2,500.00 to open this account.

Benefits:

This account is an interest bearing account.
This account uses a tiered interest rate. The annual percentage yield will depend upon the daily balance in the account.
Interest begins to accrue on the business day you deposit.
Interest will be compounded monthly.
Interest will be credited to the account monthly.
We use the daily balance method to calculate the interest on the principle of this account.

Cost:

No service charge unless balance falls below $2,500.00. If balance falls below $2,500.00 daily balance, a service charge fee of $10.00 plus $.20 per check will be imposed on the account.

Description:

Checking account that lets you set aside pre-tax money to be used for qualified medical expenses.

Requirements:

Must be covered by a High Deductible Health Plan (HDHP).
Must be 18 years of age or older.
You must not be claimed as a dependent on another person’s tax return.
Must not be enrolled in Medicare.
Total amount contributed for any tax year may not exceed annual limits.*

Benefits:

This account is an interest bearing account and is credited to the account monthly.
Easy access to Funds.
Can help cover out-of-pocket health costs.
Unused funds roll over from year to year to assist with future medical expenses.

Cost:

$2 monthly service charge.

Other restrictions and exceptions may also apply. HSA contribution rules are often complex. We recommend that you consult a tax, legal or financial advisor to discuss your personal circumstances. You may also refer to IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans, for more information. This publication is available on the IRS website at www.irs.gov or by calling 1-800-TAX-FORM

*Individual contribution and family contribution limits may vary each year. It is your responsibility to stay within your contribution limit for that tax year.