Bank · FDIC insured
Drake Bank Savings Rates
Drake Bank’s best savings rate is 1.51% APY on $10,000, with its Money Market Investor Savings. Rates checked October 16, 2026.
How Drake Bank’s savings rates compare
Compared with banks and credit unions near Minneapolis, MN-WI, where Drake Bank has the most branches. $10,000, best rate first.
This bank’s best
Drake Bank
1.51%APY
- Minimum
- $100
- Earns on $10,000 a year
- $151
Money Market Investor Savings
Top rate
VisionBank
3.76%APY
- Minimum
- $1,000
- Earns on $10,000 a year
- $376
2nd-highest rate
UMB Bank
3.71%APY
- Minimum
- —
- Earns on $10,000 a year
- $371
Drake Bank savings score
82
Savings score
Higher than 60% of U.S. banks and credit unions
- $1,000 balance$1,0000.50%
- $10,000 balance$10,0000.65%
- $100,000 balance$100,0002.28%
- QualifiedQualified0.65%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Drake Bank ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Money Market Investor Savings
1.51%APY
Investor Savings accounts require a $100 opening balance. $25 monthly fee applies if the $25,000 minimum daily balance is not met. Includes 6 free transfers or pre-authorized withdrawals per month (up to 3 by check). Unlimited in-person deposits/withdrawals. Interest is compounded and paid monthly based on daily collected balance.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $25,000$25 monthly fee waived with $25,000 minimum daily balance. | 1.51% | $151 | $25 monthly fee waived with $25,000 minimum daily balance. |
| $25,000 – $100,000$25 monthly fee waived with $25,000 minimum daily balance. | 2.12% | — | $25 monthly fee waived with $25,000 minimum daily balance. |
| $100,000 – $250,000$25 monthly fee waived with $25,000 minimum daily balance. | 2.28% | — | $25 monthly fee waived with $25,000 minimum daily balance. |
| $250,000 – $1,000,000$25 monthly fee waived with $25,000 minimum daily balance. | 2.94% | — | $25 monthly fee waived with $25,000 minimum daily balance. |
| $1,000,000 – $5,000,000$25 monthly fee waived with $25,000 minimum daily balance. | 3.30% | — | $25 monthly fee waived with $25,000 minimum daily balance. |
| $5,000,000 and up$25 monthly fee waived with $25,000 minimum daily balance. | 3.50% | — | $25 monthly fee waived with $25,000 minimum daily balance. |
Sources (1)
- drake-bank.com/money-market · captured Oct 5, 2026
Preferred Savings
0.65%APY
Requires a $100 opening balance. $10 monthly fee if the $1,000 minimum daily balance is not met. 5 free withdrawals per month, then $1.00 per withdrawal.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $1,000 – $10,000Minimum balance to obtain APY is $1,000.00. $10 monthly fee waived if $1,000 minimum daily balance is met. | 0.50% | — | Minimum balance to obtain APY is $1,000.00. $10 monthly fee waived if $1,000 minimum daily balance is met. |
| $10,000 – $25,000Minimum balance to obtain APY is $10,000.00. $10 monthly fee waived if $1,000 minimum daily balance is met. | 0.65% | $65 | Minimum balance to obtain APY is $10,000.00. $10 monthly fee waived if $1,000 minimum daily balance is met. |
| $25,000 and upMinimum balance to obtain APY is $25,000.00. $10 monthly fee waived if $1,000 minimum daily balance is met. | 0.75% | — | Minimum balance to obtain APY is $25,000.00. $10 monthly fee waived if $1,000 minimum daily balance is met. |
Sources (2)
All captured Oct 5, 2026
Basic Savings
0.20%APY
Requires a $100 opening balance. $5 monthly fee if the $50 minimum daily balance is not met. 5 free withdrawals per month, then $1.00 per withdrawal.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceInterest is paid when the minimum daily balance is met. Compounded and paid monthly based on daily collected balance. $5 monthly fee waived if $50 minimum daily balance is met.Any balance | 0.20% | $20 | Interest is paid when the minimum daily balance is met. Compounded and paid monthly based on daily collected balance. $5 monthly fee waived if $50 minimum daily balance is met. |
Sources (2)
All captured Oct 5, 2026
Special-purpose accounts
Little Drake Savings
0.40%APY
For children and young adults under 18. Requires a $100 opening balance. 5 free withdrawals per month, then $1.00 per withdrawal.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $1,000Minimum balance to obtain APY is $25.00. | 4.07% | — | Minimum balance to obtain APY is $25.00. |
| Over $1,000Minimum balance to obtain APY is $1,000.01. | 0.40% | $40 | Minimum balance to obtain APY is $1,000.01. |
Sources (2)
All captured Oct 5, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.