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FSB of Red Wing Rates & Review September 2026

FSB of Red Wing's 6-Months Certificates of Deposit - 6-Month rates are at 3.55%, 12-Months Certificates of Deposit - 12-Month rates are at 3.20%, 24-Months Certificates of Deposit - 24-Month rates are at 3.00%, 36-Months Certificates of Deposit - 36-Month rates are at 2.10%, 48-Months Certificates of Deposit - 48-Month rates are at 2.00%. FSB of Red Wing's savings rates are at 0.10%. FSB of Red Wing's money market rates are at 0.10%. MonitorBankRates evaluates the financial stability of FSB of Red Wing with a 1.6 Star Rating, an F Overall Health Grade, and a Texas Ratio of 11.96%. Rates last updated and verified on 09/14/2026.

FSB of Red Wing money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at FSB of Red Wing? Share your experience about FSB of Red Wing by leaving a review below, or read customer reviews before you decide to use FSB of Red Wing.

Overall Health & Safety Grade ?
F
High Risk Health Score: 60/100
MonitorBankRates Rating ?
1.6
Weak Out of 5.0 Stars
Texas Ratio ?
11.96%
Excellent Higher than avg
Health Trend ?
Worsening 11 quarters
Full history ›
FSB of Red Wing
3209 S Service Dr
Red Wing, MN 55066
https://www.firststatebankredwing.com
Member FDIC

FSB of Red Wing CD Rates

Product Rate APY Term View More
Certificates of Deposit - 6 month 3.50% 3.55% 6 Months
No additional details.
Last Updated 09/14/2026
Institution Ratings
1.6
Star Rating
F
Health Grade
Texas Ratio: 11.96%
Certificates of Deposit - 12 month 3.20% 3.20% 12 Months
No additional details.
Last Updated 09/14/2026
Institution Ratings
1.6
Star Rating
F
Health Grade
Texas Ratio: 11.96%
Certificates of Deposit - 24 month 3.00% 3.00% 24 Months
No additional details.
Last Updated 09/14/2026
Institution Ratings
1.6
Star Rating
F
Health Grade
Texas Ratio: 11.96%
Certificates of Deposit - 36 month 2.10% 2.10% 36 Months
No additional details.
Last Updated 09/14/2026
Institution Ratings
1.6
Star Rating
F
Health Grade
Texas Ratio: 11.96%
Certificates of Deposit - 48 month 2.00% 2.00% 48 Months
No additional details.
Last Updated 09/14/2026
Institution Ratings
1.6
Star Rating
F
Health Grade
Texas Ratio: 11.96%
Certificates of Deposit - 60 month 1.60% 1.60% 60 Months
No additional details.
Last Updated 09/14/2026
Institution Ratings
1.6
Star Rating
F
Health Grade
Texas Ratio: 11.96%
Certificates of Deposit - 3 month 0.70% 0.70% 3 Months
No additional details.
Last Updated 09/14/2026
Institution Ratings
1.6
Star Rating
F
Health Grade
Texas Ratio: 11.96%

FSB of Red Wing Savings Rates

Product Rate APY View More
Regular Savings 0.10% 0.10%
Min Balance $0
Last Updated 09/14/2026
Institution Ratings
1.6
Star Rating
F
Health Grade
Texas Ratio: 11.96%

FSB of Red Wing Checking Rates

Product Rate APY View More
Golden Money Market Checking 0.50% 0.50%
Min Balance $75,000
Last Updated 09/14/2026
Institution Ratings
1.6
Star Rating
F
Health Grade
Texas Ratio: 11.96%
Golden Money Market Checking 0.35% 0.35%
Min Balance $10,000
Last Updated 09/14/2026
Institution Ratings
1.6
Star Rating
F
Health Grade
Texas Ratio: 11.96%
Money Market Checking 0.25% 0.25%
Min Balance $5,000
Last Updated 09/14/2026
Institution Ratings
1.6
Star Rating
F
Health Grade
Texas Ratio: 11.96%
Golden Money Market Checking 0.10% 0.10%
Min Balance $0
Last Updated 09/14/2026
Institution Ratings
1.6
Star Rating
F
Health Grade
Texas Ratio: 11.96%
Now Account Checking 0.10% 0.10%
Min Balance $2,500
Last Updated 09/14/2026
Institution Ratings
1.6
Star Rating
F
Health Grade
Texas Ratio: 11.96%

Financial Health History

FSB of Red Wing’s Texas Ratio rose from 0.00% in Q4 2023 to 11.96% in Q2 2026, so its financial health has weakened over the past 11 quarters. Over the same period its Star Rating moved from 1.0 to 1.6 and its Health Grade from D to F. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a bank must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

0% 1.0★ 16% 2.0★ 31% 3.0★ 47% 4.0★ 62% 5.0★ 15% Verified Healthy limit – lower is healthier Healthy zone 0.00% D Q4 2023 D Q1 2024 F Q2 2024 D Q3 2024 F Q4 2024 F Q1 2025 F Q2 2025 F Q3 2025 D Q4 2025 F Q1 2026 11.96% F Q2 2026
Swipe the chart sideways to see every quarter.
Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)
Powered by MonitorBankRates

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures
QuarterTotal assetsTexas RatioStar RatingHealth Grade
June 30, 2026$86M11.96%1.6F
March 31, 2026$85M13.36%1.3F
December 31, 2025$86M11.46%1.8D
September 30, 2025$85M13.47%1.3F
June 30, 2025$85M23.75%1.0F
March 31, 2025$83M29.39%1.0F
December 31, 2024$81M46.02%1.0F
September 30, 2024$83M0.00%1.0D
June 30, 2024$80M14.41%1.0F
March 31, 2024$83M0.00%1.0D
December 31, 2023$81M0.00%1.0D
Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for FSB of Red Wing is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather FSB of Red Wing rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with FSB of Red Wing's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name FSB of Red Wing
Bank Holding Company NOBLE BANK HOLDING CO INC
Address 3209 S Service Dr, Red Wing, MN 55066  ·  Goodhue
FDIC Certificate # 8191
Established 19151014
FDIC Insurance Date 19340101
Domestic Offices 3
Total Branches 3
Regulator FDIC
FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

F
Overall Health Grade Score: 60/100
1.6
Weak Out of 5.0 Stars
11.96%
Texas Ratio Nat'l avg: 5.85%
Return on Assets (ROA) -0.0233%
Return on Equity (ROE) -0.6600%
Non-Performing Loans (NPL) 0.43%
Total Assets $86,349,000
Total Deposits $83,085,000
Equity Capital $3,094,000
Net Income $-10,000
Headquarters Red Wing
Total Branches and Offices 3
Source: FDIC  |  Last Updated 06/30/2026

Customer Reviews

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Frequently Asked Questions About FSB of Red Wing

How many branches does FSB of Red Wing operate?

FSB of Red Wing currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, FSB of Red Wing does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, FSB of Red Wing provides members with tools to manage their accounts and build a solid financial history.

Does FSB of Red Wing offer online and mobile banking?

Most modern institutions like FSB of Red Wing provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.firststatebankredwing.com.

Current FSB of Red Wing Rates

  • 12-Month CD3.20%
  • 24-Month CD3.00%
  • 36-Month CD2.10%
  • 48-Month CD2.00%
  • 60-Month CD1.60%
  • Savings0.10%
  • MMA0.10%
Retrieved from our database of financial products. Rates subject to change.