Bank · FDIC insured
Peoples State Bank Savings Rates
Peoples State Bank’s best savings rate is 0.90% APY on $10,000, with its Peoples Preferred Savings. Rates checked October 16, 2026.
How Peoples State Bank’s savings rates compare
Compared with banks and credit unions near Rochester, MN, where Peoples State Bank has the most branches. $10,000, best rate first.
This bank’s best
Peoples State Bank
1.00%APY
- Requires
- Monthly account activity
- Minimum
- $25
- Earns on $10,000 a year
- $100
Free Kasasa Saver
Top rate
Altra Federal Credit Union
3.75%APY
- Requires
- None
- Minimum
- $0
- Earns on $10,000 a year
- $375
2nd-highest rate
Luminate Bank
3.50%APY
- Requires
- None
- Minimum
- —
- Earns on $10,000 a year
- $350
Peoples State Bank savings score
84
Savings score
Higher than 67% of U.S. banks and credit unions
- $1,000 balance$1,0000.65%
- $10,000 balance$10,0000.90%
- $100,000 balance$100,0001.51%
- 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 Peoples State 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.
Peoples Preferred Savings
0.90%APY
Tiered interest rates. Interest calculated daily and paid monthly. 6 free withdrawals per month.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $1,000 | 0.00% | — |
| $1,000 – $7,500 | 0.50% | — |
| $7,500 – $50,000 | 0.90% | $90 |
| $50,000 – $100,000 | 1.21% | — |
| $100,000 – $200,000 | 1.51% | — |
| $200,000 – $500,000 | 1.76% | — |
| $500,000 – $1,000,000 | 2.32% | — |
| $1,000,000 – $5,000,000 | 3.20% | — |
| $5,000,000 and up | 3.51% | — |
Free Kasasa Saver
Up to 1.00%APY
Must link to a free Kasasa Cash or Kasasa Cash Back checking account to open and receive automatic transfer of checking cash rewards/earnings. Limit 1 account per SSN.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $50,000Requires meeting Kasasa Cash or Kasasa Cash Back monthly qualification cycle requirements (e.g. eStatements, online banking logons, direct deposit/ACH or required debit card transactions). | 1.00% | $100 | Requires meeting Kasasa Cash or Kasasa Cash Back monthly qualification cycle requirements (e.g. eStatements, online banking logons, direct deposit/ACH or required debit card transactions). |
| Any balanceApplies to all balances when monthly qualifications in linked Kasasa Cash or Kasasa Cash Back account are not met. | 0.01% | $1 | Applies to all balances when monthly qualifications in linked Kasasa Cash or Kasasa Cash Back account are not met. |
| Over $50,000When qualifications met, balances over $50,000 earn 0.50% interest rate on portion over $50,000, resulting in 1.00% to 0.67% APY depending on balance. | 0.50% | — | When qualifications met, balances over $50,000 earn 0.50% interest rate on portion over $50,000, resulting in 1.00% to 0.67% APY depending on balance. |
Sources (2)
- peoplesstatebank.com/loans/per…al-loans/auto-loans.html
- peoplesstatebank.com/personal/…s/free-kasasa-saver.html
All captured Sep 24, 2026
Regular Savings
0.65%APY
Interest calculated daily and credited each statement cycle. 6 free withdrawals per month or 18 free withdrawals per quarter; $1 fee per withdrawal in excess thereafter (unlimited via ATM or online banking transfers).
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceWays to avoid $5 monthly fee: Maintain a $100 average daily balance, or consolidate checking and savings accounts to one monthly statement.Any balance | 0.65% | $65 | Ways to avoid $5 monthly fee: Maintain a $100 average daily balance, or consolidate checking and savings accounts to one monthly statement. |
Special-purpose accounts
Youth Savings
0.65%APY
Available for customers under the age of 18; parent/adult joint owner required until child turns 18. Converts to Regular Savings the first of the month after 18th birthday. Interest calculated daily and credited each quarterly statement cycle.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $2,000Balances up to $2,000 receive 3.00% APY. | 3.00% | — | Balances up to $2,000 receive 3.00% APY. |
| Over $2,000Balances over $2,000 earn 0.65% interest rate on the portion over $2,000, resulting in 3.00% - 0.65% APY depending on balance. | 0.65% | $65 | Balances over $2,000 earn 0.65% interest rate on the portion over $2,000, resulting in 3.00% - 0.65% APY depending on balance. |
HSA Savings
1.31%APY
Available to individuals covered under a High Deductible Health Plan (HDHP), not enrolled in Medicare, and under age 65.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $20,000 | 1.31% | $131 |
| $20,000 and up | 1.66% | — |
IRA Savings
1.66%APY
Traditional and Roth IRA options available. Tax-advantaged retirement savings subject to IRS contribution limits.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 1.66% | $166 |
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.