Municipal Checking Accounts in Wisconsin & Minnesota
With our municipal checking account, keep your finances organized and streamlined, whether you’re paying vendors, managing payroll, or investing in local community improvements.
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Municipal Checking Account Features
As a local community bank, Forward Bank understands the specific needs of local governments, schools, and townships in Wisconsin and Minnesota, which is why we offer a specialized Municipal Checking Account tailored to support your unique financial requirements. Our accounts provide secure and flexible solutions, with features like online banking and financial reporting to help you manage public funds effectively.
- No minimum to open and no monthly fee: Open your account with no minimum balance and enjoy no monthly fees, giving your municipality the freedom to allocate funds where they’re needed most.
- Interest earning: Grow your funds with interest earned on your balance, with no minimum required to qualify. Interest is posted monthly, providing a steady boost to your account’s value.
- Transaction limit: Manage up to 250 transactions per month at no cost, with a nominal fee of $0.30 per item for any transactions over the limit, keeping your operations efficient and cost-effective.
- Free debit card: Access your funds easily and make purchases conveniently with a free debit card, giving you more flexibility in managing day-to-day expenses.
- Cash management: Enhance your financial operations with our cash management tools, tailored to streamline processes like collections, disbursements, and overall cash flow.
- Digital banking for business: Stay connected to your finances with our comprehensive digital banking for businesses and municipalities available online or through our mobile app, offering the convenience of managing your accounts anytime, anywhere.
Municipal Checking Account Rates
Account | Minimum to Open | Interest Rate | APY** | Minimum to Earn APY** |
---|---|---|---|---|
AccountMunicipal Checking* | Minimum to Open$0 | Interest Rate0.30 | APY**0.30 | Minimum to Earn APY**$0 |
AccountMunicipal Checking* | Minimum to Open$0 | Interest Rate0.60 | APY**0.60 | Minimum to Earn APY**$100,000 |
AccountMunicipal Checking* | Minimum to Open$0 | Interest Rate0.75 | APY**0.75 | Minimum to Earn APY**$250,000 |