Credit union · NCUA insured
Novation Credit Union Savings Rates
Novation Credit Union’s best savings rate is 2.55% APY on $10,000, with its High-Yield Savings. Rates checked October 16, 2026.
How Novation Credit Union’s savings rates compare
Compared with banks and credit unions near Minneapolis, MN-WI, where Novation Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
Novation Credit Union
2.55%APY
- Minimum
- —
- Earns on $10,000 a year
- $255
High-Yield 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
Novation Credit Union savings score
89
Savings score
Higher than 90% of U.S. banks and credit unions
- $1,000 balance$1,0000.75%
- $10,000 balance$10,0002.55%
- $100,000 balance$100,0002.55%
- QualifiedQualified2.55%
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 Novation Credit Union ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the credit union’s website. Earnings assume the rate doesn’t change.
High-Yield Savings
2.55%APY
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $10,000No monthly fees. Dividends are paid monthly. | 0.75% | — | No monthly fees. Dividends are paid monthly. |
| $10,000 and upNo monthly fees. Dividends are paid monthly. | 2.55% | $255 | No monthly fees. Dividends are paid monthly. |
Money Market
0.25%APY
No minimum balance or monthly fees. Money Market Accounts are limited to a maximum of six (6) electronic transfers or withdrawals per statement cycle.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $10,000 | 0.10% | — |
| $10,000 – $50,000 | 0.25% | $25 |
| $50,000 – $100,000 | 0.40% | — |
| $100,000 and up | 0.50% | — |
Primary Savings
0.05%APY
A $5 deposit is required to open and maintain your membership.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $5 and upRequires $5 minimum deposit/balance. No monthly fees.$5 and up | 0.05% | $5 | Requires $5 minimum deposit/balance. No monthly fees. |
Secondary Savings
0.05%APY
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceRate applies to entire balance.Any balance | 0.05% | $5 | Rate applies to entire balance. |
Special-purpose accounts
Youth Savings
2.55%APY
Available to all members under the age of 18.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $10,000Earn interest on balances up to $10,000 (dividends accrue monthly). No minimum balance. No monthly fees. Dividends are paid quarterly.Up to $10,000 | 2.55% | $255 | Earn interest on balances up to $10,000 (dividends accrue monthly). No minimum balance. No monthly fees. Dividends are paid quarterly. |
Who can join Novation Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Open to anyone
- Membership is open to anyone who supports the Novation Foundation with a minimum $10 donation.
Where you live or work
- Membership is open to individuals who live, work, go to school, or worship in 11 specified Minnesota counties.
Employers and groups
- Employees and retirees of 3M are eligible for membership.
- Employees and retirees of CHS are eligible for membership.
- Employees and retirees of Land O'Lakes are eligible for membership.
- Employees and retirees of Solventum are eligible for membership.
1 more way to join
Family and household
- Family members of current Novation members are eligible for membership.
Cost to join
- Membership requires a minimum opening deposit of $5 into a Primary Savings account, which is withdrawable if membership is discontinued.
Membership information collected October 4, 2026.