Deerwood Bank


To this day, Deerwood Bank continues to be a community based bank. Our expansions and growth represents our desire to broaden our services and convenience to our customers. Our business philosophies are based on the belief that, “to be a successful community bank, we must be committed to our communities and have a unique ability to know and serve our markets”.

We are consistently working to better our customer experience by having financial and market experts on hand at each office. We offer tools that make life easier. And we take the time to get to know you.

Because we are, after all, your neighbors. We volunteer on local community boards, coach youth sports, and mentor students. We shop at the local stores and see each other on vacations at the lake. We still share the values that matter most to you.

HSA Program Features

FDIC or NCUA Insured:
Min Balance to Open:
  • Debit Card
  • Online Banking

HSA Interest Rates

Interest rates for various balance tiers
$0.00 - $999.99 0.05% APY
$1,000 - $2,499.99 0.10% APY
$2,500 - 4,999.99 0.20% APY
$5,000 - $9,999.99 0.30% APY
$10,000-$19,999.99 0.50% APY
$20,000+ 0.70% APY
Last checked on: 05-09-2023. Rates may not be current, please check the provider's website for the latest rates.


Monthly Maintenance Fee $0.00
Account Opening Fee Unknown
Account Closing Fee $25.00*

* If closed within the first 12 months.

HSA Investment Options

Mutual Fund Platform: close   Self-Directed Brokerage: close   CDs: close   Other: close

Contact Information

General Information

Address 14986 Lynwood Drive
Baxter, MN 56425

Customer Service

Mailing Address PO Box 628
Brainerd, MN 56401
Phone Number 800-291-6597
Email Address [email protected]