Center National Bank

Overview / Commentary
301 North Ramsey Avenue
Litchfield, MN 55355

Center National Bank is headquartered in Litchfield and is the 91st largest bank in the state of Minnesota. It is also the 2,678th largest bank in the nation. It was established in 1891 and as of March of 2022, it had grown to 38 employees at 4 locations. Center National Bank has an A health rating.

Reviews (4)

Nothing Bad To Say

Posted by: |

This bank is the only one that I have delt with that consistantly has good customer service (I have used both the Litchfield and Plymoth branches) and a great interest rate. 

Being a small bank they do lack some services like having forien currency availible.  But they more than make up for it in other ways.

I am a Center Customer and I recomend them to all my freinds.

Amount Dropping In June

Posted by: |

The rate is still 4.11% but the amount is dropping to $10,000 in June 2011.

I Had A Wonderful Experience At Center National Bank

Posted by: |

I had a wonderful experience at Center National Bank.  My Rewards Checking works well for me.  I have no problem reaching my 10 debit card transactions. (Actually I make over 30 a month).  And I was surprised how much interest 4.11% adds up to! I don't use an ATM machine every day, but when I do I can go to any ATM and the bank will reimburse me for the charge.  Nobody likes an ATM fee.

This Rewards Checking actually works better for me than using a "Rewards", "Cash Back" or “Points” credit card.  I think of it this way, I'm earning on what I SAVE not what I SPEND.  And in an economy like this, that is a smarter option for me.

The service was great too; they aren’t pushy like most of the larger banks.  I opened my account at the Plymouth branch which is closer to my house. 

You should check it out.


Posted by: |

I had gone to Litchfields MN Center Bank. As I was walking into the bank two people were asking a teller questions about their account. The younger teller refused to answer questions about the account. The one customer asked if she was in training. I was thinking the customer was going to get help to answer the questions that were important to her. The teller rolled her eyes not once but twice at them. The lady asked please do not roll your eyes at us. The older teller next to the young teller yelled very loud at both of them. The lady at the door also did. Both of these tellers and the lady by the door at the desk should of been fired. Or quit. I had to write this review to really let people know you can come to this bank but you will get bad service. I felt like running after these people and ask if they were okay? I felt bad for those nice people.


Health Grade Components

FDIC Certificate #10976
Year Established1891
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD6.3%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$266.5MM$254.0MM
LoansQ1 2022vs Q1 2021$117.2MM$126.6MM
DepositsQ1 2022vs Q1 2021$243.3MM$226.9MM
Equity CapitalQ1 2022vs Q1 2021$21.3MM$25.2MM
Loan Loss AllowanceQ1 2022vs Q1 2021$1.6MM$1.6MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$0$0
Real Estate OwnedQ1 2022vs Q1 2021$0$27.00K
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Always verify rates and promotions with the bank or credit union. We are not Center National Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Center National Bank Savings Account Rates

0.15%--Business Earnings Credit
0.05%$50-Center Savings

Center National Bank Money Market Rates

0.20%*$50k*-Money Market Platinum Savings
OTHER TIERS: 0.05% Up to $2.5k | 0.07% $2.5k - $10k | 0.09% $10k - $25k | 0.12% $25k - $50k
0.12%$25k-Money Market Gold
0.09%*$10k*-Money Market Savings
OTHER TIERS: 0.05% Up to $2.5k | 0.07% $2.5k - $10k

Center National Bank Checking Account Rates

2.02%-$15kCenter Rewards Checking Account
0.03%$500-Interest Checking

Center National Bank CD Rates

0.65%$500-60 Month CD
0.50%$500-48 Month CD
0.40%$500-36 Month CD
0.30%$500-24 Month CD
0.20%$500-12 Month CD
0.15%$500-6 Month CD

Center National Bank Locations
Center National Bank Branch15705 37th Ave NorthPlymouth, MN 55446
Center National Bank301 North Ramsey AvenueLitchfield, MN 55355
Chaska Branch120 Pioneer TrailChaska, MN 55318
Chaska Branch200 Pioneer Trail, Suite 120Chaska, MN 55318

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