Bank · FDIC insured
Grove Bank Savings Rates
Grove Bank’s best savings rate is 1.00% APY on $10,000, with its Money Market Savings. Rates checked October 16, 2026.
How Grove Bank’s savings rates compare
Compared with banks and credit unions in Minnesota, where Grove Bank has the most branches. $10,000, best rate first.
This bank’s best
Grove Bank
1.00%APY
- Minimum
- $100
- Earns on $10,000 a year
- $100
Regular Savings Account
Top rate
Mid Minnesota Federal Credit Union
5.00%APY
- Minimum
- —
- Earns on $10,000 a year
- $500
2nd-highest rate
VisionBank
3.76%APY
- Minimum
- $1,000
- Earns on $10,000 a year
- $376
Grove Bank savings score
86
Savings score
Higher than 72% of U.S. banks and credit unions
- $1,000 balance$1,0001.00%
- $10,000 balance$10,0001.00%
- $100,000 balance$100,0002.02%
- QualifiedQualified1.00%
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 Grove 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 Savings
1.00%APY
Minimum balance to open is $2,500.00. Tiered interest rate depends on balance. Minimum balance fee of $10.00 per month applies if average daily balance falls below $2,500.00. Interest compounded monthly.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $2,500 and upNo minimum balance fee if average daily balance does not fall below $2,500.00. | 1.00% | $100 | No minimum balance fee if average daily balance does not fall below $2,500.00. |
| $10,000 and upNo minimum balance fee if average daily balance does not fall below $2,500.00. | 1.00% | $100 | No minimum balance fee if average daily balance does not fall below $2,500.00. |
| $25,000 and upNo minimum balance fee if average daily balance does not fall below $2,500.00. | 1.00% | — | No minimum balance fee if average daily balance does not fall below $2,500.00. |
| $50,000 and upNo minimum balance fee if average daily balance does not fall below $2,500.00. | 1.26% | — | No minimum balance fee if average daily balance does not fall below $2,500.00. |
| $100,000 and upNo minimum balance fee if average daily balance does not fall below $2,500.00. | 2.02% | — | No minimum balance fee if average daily balance does not fall below $2,500.00. |
Regular Savings Account
1.00%APY
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $50 and upNo minimum balance fee if account does not fall below $100.00; otherwise $1.00/month fee applies.$50 and up | 1.00% | $100 | No minimum balance fee if account does not fall below $100.00; otherwise $1.00/month fee applies. |
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.