Bank · FDIC insured
Lake Elmo Bank Savings Rates
Lake Elmo Bank’s best savings rate is 1.36% APY on $10,000, with its Money Market Savings. Rates checked October 16, 2026.
How Lake Elmo Bank’s savings rates compare
Compared with banks and credit unions near Minneapolis, MN-WI, where Lake Elmo Bank has the most branches. $10,000, best rate first.
This bank’s best
Lake Elmo Bank
1.36%APY
- Minimum
- $20
- Earns on $10,000 a year
- $136
Money Market 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
Lake Elmo Bank savings score
88
Savings score
Higher than 82% of U.S. banks and credit unions
- $1,000 balance$1,0001.36%
- $10,000 balance$10,0001.36%
- $100,000 balance$100,0002.12%
- QualifiedQualified1.36%
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 Lake Elmo 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 Plus
1.00%APY
$1,000 daily minimum balance; compounded monthly. Minimum $20 required to open all savings accounts unless otherwise stated.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $250,000$1,000 daily minimum balance; compounded monthly. | 1.00% | $100 | $1,000 daily minimum balance; compounded monthly. |
| $250,000 – $500,000$1,000 daily minimum balance; compounded monthly. | 2.52% | — | $1,000 daily minimum balance; compounded monthly. |
| $500,000 – $750,000$1,000 daily minimum balance; compounded monthly. | 2.94% | — | $1,000 daily minimum balance; compounded monthly. |
| $750,000 – $1,000,000$1,000 daily minimum balance; compounded monthly. | 3.25% | — | $1,000 daily minimum balance; compounded monthly. |
| $1,000,000 and up$1,000 daily minimum balance; compounded monthly. | 3.40% | — | $1,000 daily minimum balance; compounded monthly. |
Sources (1)
- lakeelmobank.com/assets/files/PHjiAEmw · captured Oct 5, 2026
Money Market Savings
1.36%APY
Minimum opening deposit: $20. Daily minimum balance: $1,000. Interest compounded monthly. Fees could reduce earnings. Rates may change after account is opened without notice. APY=Annual Percentage Yield; the actual rate of return you will earn on your account over one year.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $1,000Minimum opening deposit: $20. Daily minimum balance: $1,000. Interest compounded monthly. Fees could reduce earnings. Rates may change after account is opened without notice. | 0.26% | — | Minimum opening deposit: $20. Daily minimum balance: $1,000. Interest compounded monthly. Fees could reduce earnings. Rates may change after account is opened without notice. |
| $1,000 – $50,000Minimum opening deposit: $20. Daily minimum balance: $1,000. Interest compounded monthly. Fees could reduce earnings. Rates may change after account is opened without notice. | 1.36% | $136 | Minimum opening deposit: $20. Daily minimum balance: $1,000. Interest compounded monthly. Fees could reduce earnings. Rates may change after account is opened without notice. |
| $50,000 – $500,000Minimum opening deposit: $20. Daily minimum balance: $1,000. Interest compounded monthly. Fees could reduce earnings. Rates may change after account is opened without notice. | 2.12% | — | Minimum opening deposit: $20. Daily minimum balance: $1,000. Interest compounded monthly. Fees could reduce earnings. Rates may change after account is opened without notice. |
| $500,000 – $1,000,000Minimum opening deposit: $20. Daily minimum balance: $1,000. Interest compounded monthly. Fees could reduce earnings. Rates may change after account is opened without notice. | 2.63% | — | Minimum opening deposit: $20. Daily minimum balance: $1,000. Interest compounded monthly. Fees could reduce earnings. Rates may change after account is opened without notice. |
| $1,000,000 and upMinimum opening deposit: $20. Daily minimum balance: $1,000. Interest compounded monthly. Fees could reduce earnings. Rates may change after account is opened without notice. | 3.15% | — | Minimum opening deposit: $20. Daily minimum balance: $1,000. Interest compounded monthly. Fees could reduce earnings. Rates may change after account is opened without notice. |
Sources (1)
- lakeelmobank.com/assets/files/PHjiAEmw · captured Oct 5, 2026
Traditional Savings
0.17%APY
A minimum of $20 is required to open all savings accounts unless otherwise stated. $200 Daily Minimum Balance (Compounded Quarterly).
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceCompounded Quarterly. $200 Daily Minimum Balance.Any balance | 0.17% | $17 | Compounded Quarterly. $200 Daily Minimum Balance. |
Sources (1)
- lakeelmobank.com/assets/files/PHjiAEmw · captured Oct 5, 2026
Thrift Savings
0.12%APY
$50 Minimum to open, $50 Minimum Average (Compounded Quarterly).
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balance$50 Minimum Average (Compounded Quarterly).Any balance | 0.12% | $12 | $50 Minimum Average (Compounded Quarterly). |
Sources (1)
- lakeelmobank.com/assets/files/PHjiAEmw · captured Oct 5, 2026
Special-purpose accounts
Christmas Club Account
0.17%APY
A minimum of $20 is required to open all savings accounts unless otherwise stated. Minimum opening deposit waived if a recurring AFT or ACH deposit is established. Compounded Quarterly.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceMinimum opening deposit waived if a recurring AFT or ACH deposit is established. Compounded Quarterly.Any balance | 0.17% | $17 | Minimum opening deposit waived if a recurring AFT or ACH deposit is established. Compounded Quarterly. |
Sources (1)
- lakeelmobank.com/assets/files/PHjiAEmw · captured Oct 5, 2026
Youth and Custodial Savings
0.17%APY
A minimum of $20 is required to open all savings accounts unless otherwise stated. No Minimum Balance (Compounded Quarterly).
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceCompounded Quarterly. No Minimum Balance.Any balance | 0.17% | $17 | Compounded Quarterly. No Minimum Balance. |
Sources (1)
- lakeelmobank.com/assets/files/PHjiAEmw · 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.