How can I increase my savings account interest rate?

To increase the interest rate on a savings account at Winona National and Savings Bank, there are several strategies that one can consider. First, one should examine the type of savings account currently held. Some accounts, such as high-yield savings accounts or certificates of deposit, may offer more competitive interest rates compared to standard savings accounts. Therefore, exploring these options might be beneficial. Additionally, maintaining a higher average balance in the savings account can sometimes lead to better interest rates, as banks often reward customers with larger balances. Another option is to engage in account reviews; some banks periodically offer promotional rates for new accounts or for existing customers willing to meet certain criteria. It is also advisable to compare interest rates with other financial institutions, as a higher rate may be offered elsewhere. Lastly, regularly reviewing the current rates offered by Winona National and Savings Bank on their website can provide insight into any changes or opportunities for improved returns on savings.