Compare Bank & Credit Union Rates
Best savings rates in Elk River, MN
Compare published savings yields, money market accounts included, with minimums, requirements, collection dates and original sources.
Top savings rates
Showing 1–15 results in Elk River, MN
- Huntington BankHuntington Relationship SavingsSavings · $100 min · 0.06%–3.25% by balance
Bank · 1 branch
3.25%APY$325 a year on $10,000with conditionsRequirements
Product: Monthly maintenance fee of $10 waived with an average daily balance of $2,500 or when you also own a Huntington personal checking account. Minimum opening deposit is $100. Higher relationship rates available when linked with qualifying checking accounts. Rates are specific to ZIP code 43215.
Offer: Promotional Rate with open Private Client Account; requires new money to Huntington. Rate applies to ZIP code 43215.
Qualified rate · 0.06% interest rate · $10 monthly fee · Effective Oct 5, 2026
Rate by balance
Rate by balance for Huntington Relationship Savings Balance APY Up to $5,000 0.06% $5,000 – $2,000,001Your amountPromotional Rate with open Huntington Perks Checking account; 3.25% $2,000,001 – $100,000,000,000Bank reserves the right to limit acceptance of deposits greater than $2,000,000.00. 0.06% Rate checked
More details - Huntington BankHuntington Relationship SavingsSavings · $100 min · 0.02%–3.15% by balance
Bank · 1 branch
3.15%APY$315 a year on $10,000with conditionsRequirements
Product: Monthly maintenance fee of $10 waived with an average daily balance of $2,500 or when you also own a Huntington personal checking account. Minimum opening deposit is $100. Higher relationship rates available when linked with qualifying checking accounts. Rates are specific to ZIP code 43215.
Offer: Promotional Rate with open Huntington Perks Checking account; requires new money to Huntington. Rate applies to ZIP code 43215.
Qualified rate · 0.02% interest rate · $10 monthly fee · Effective Oct 5, 2026
Rate by balance
Rate by balance for Huntington Relationship Savings Balance APY Up to $5,000 0.02% $5,000 – $2,000,001Your amountNon-Relationship Promotional Rate; 3.15% $2,000,001 – $100,000,000,000Bank reserves the right to limit acceptance of deposits greater than $2,000,000.00. 0.02% Rate checked
More details - 2.00%APY$200 a year on $10,000with conditions
Requirements
Product: Opening deposit of at least $25 required. Monthly maintenance fee of $5 is waived for owners of a U.S. Bank Smartly Checking account, Safe Debit account, U.S. Bank Smartly Visa Signature Card, or accounts with a minor under age 18. Relationship rates require maintaining an eligible qualifying product and vary by Combined Qualifying Balance (CQB).
Offer: Relationship rate for Combined Qualifying Balance (CQB) under $5,000. Requires an eligible open and in-good-standing account (U.S. Bank Smartly Checking, Safe Debit, or U.S. Bank Smartly Visa Signature Card).
Qualified rate · 1.00% interest rate · $5 monthly fee · Effective Oct 5, 2026
Rate by balance
Rate by balance for U.S. Bank Smartly Savings Balance APY Up to $5,000 1.00% $5,000 – $25,000Your amount 2.00% $25,000 – $50,000 3.50% $50,000 – $100,000 3.50% $100,000 – $99,999,999,999 3.50% Rate checked
More details - 2.00%APY$200 a year on $10,000with conditions
Requirements
Product: Variable rate account. Monthly maintenance fee of $5 is waived for owners of a Bank Smartly Checking account, Safe Debit account, Bank Smartly Visa Signature Card, or accounts with a minor under age 18. Higher relationship rates require maintaining an eligible product (Bank Smartly Checking, Safe Debit account, or Bank Smartly Visa Signature Card) and are determined by Combined Qualifying Balance (CQB).
Offer: Relationship rate for CQB Under $5,000. Requires qualifying relationship product.
Qualified rate · 1.00% interest rate · $5 monthly fee · Effective Oct 5, 2026
Rate by balance
Rate by balance for Bank Smartly Savings Balance APY Up to $5,000 1.00% $5,000 – $25,000Your amountRelationship rate for CQB $5,000 to $24,999.99. 2.00% $25,000 – $50,000Relationship rate for CQB $25,000 to $49,999.99. 3.50% $50,000 – $100,000Relationship rate for CQB $50,000 to $99,999.99. 3.50% $100,000 and upRelationship rate for CQB $100,000 and above. 3.50% Rate checked
More details - Nicolet National BankMVP Money Market Account (MVP MMA)MVP Money Market Account (MVP MMA) · $10,000 min · 0.01%–2.65% by balance
Bank · 1 branch
1.30%APY$130 a year on $10,000with conditionsRequirements
Product: A separate Nicolet National Bank checking account with direct deposit of payroll or social security is required in order to qualify for an MVP Money Market account. Subject to Credit Approval.
Offer: $10 monthly service charge if available balance falls below $10,000.
Qualified rate · 0.01% interest rate · $10 monthly fee · Effective Sep 23, 2026
Rate by balance
Rate by balance for MVP Money Market Account (MVP MMA) Balance APY Up to $9,999 0.01% $10,000 – $49,999Your amount 1.30% $50,000 – $149,999 2.10% $150,000 – $499,999 2.15% $500,000 – $999,999 2.45% $1,000,000 and up 2.65% Rate checked
More details - Blaze Credit UnionMoney MarketMoney Market · $2,500 min · 1.05%–3.30% by balance
Credit union · 1 branch
1.05%APY$105 a year on $10,000Requirements
Product: Tiered dividends paid monthly. Minimum balance of $2,500 required to open and to avoid monthly minimum balance fee.
Offer: Minimum opening deposit of $2,500 required; $2,500 minimum daily balance to avoid monthly fee; minimum balance to earn stated APY is $0.01; receive 2 free withdrawals per monthly statement cycle at non-proprietary ATMs.
1.05% interest rate · Effective Sep 28, 2026
Rate by balance
Rate by balance for Money Market Balance APY Up to $10,000 1.05% $10,000 – $20,000Your amount 1.05% $20,000 – $50,000 1.05% $50,000 – $100,000 1.05% $100,000 – $250,000 1.65% $250,000 – $500,000 2.05% $500,000 – $1,000,000 2.80% $1,000,000 and up 3.30% Rate checked
More details - Gate City BankMoney Market SavingsMoney Market Savings · $500 min · 0.35%–2.50% by balance
Bank · 1 branch
0.35%APY$35 a year on $10,000Requirements
Product: Monthly service charge of $10 if minimum balance falls below $500.
Offer: $10 monthly fee if balance falls below $500.
0.35% interest rate · $10 monthly fee · Effective Oct 4, 2026
Rate by balance
Rate by balance for Money Market Savings Balance APY $500 – $25,000Your amount 0.35% $25,000 – $100,000 0.35% $100,000 – $250,000 0.50% $250,000 – $500,000 1.00% $500,000 – $1,000,000 2.00% $1,000,000 and up 2.50% Rate checked
More details - First Bank Elk RiverPremium Money Market SavingsPremium Money Market Savings · $100 min · 0.30%–0.70% by balance
Bank · 2 branches
0.30%APY$30 a year on $10,000Requirements
Product: Variable rate account subject to change after account is opened. Service fees could reduce earnings.
0.30% interest rate
Rate by balance
Rate by balance for Premium Money Market Savings Balance APY Up to $25,000Your amount 0.30% $25,000 – $50,000 0.40% $50,000 – $100,000 0.50% $100,000 – $250,000 0.60% $250,000 and up 0.70% Rate checked
More details - First Bank Elk RiverMoney Market SavingsMoney Market Savings · $100 min · 0.10%–0.40% by balance
Bank · 2 branches
0.30%APY$30 a year on $10,000intro rateRequirements
Product: Variable rate account subject to change after account is opened. Service fees could reduce earnings.
Promotional rate · 0.10% interest rate
Rate by balance
Rate by balance for Money Market Savings Balance APY Up to $1,000 0.10% $1,000 – $5,000 0.20% $5,000 – $25,000Your amount 0.30% $25,000 and up 0.40% Rate checked
More details - 0.20%APY$20 a year on $10,000
Requirements
Product: Best for students or those not planning to keep large balances. Interest compounded daily. $5 monthly service charge waived with $100 daily minimum balance or for account owners age 24 and under. Free quarterly mailed paper statement or eStatement.
Offer: Monthly service charge waived with a $100 daily minimum balance or for account owners age 24 and under.
0.10% interest rate · Compounded daily · $5 monthly fee · Effective Oct 14, 2026
Rate by balance
Rate by balance for Everyday Savings Balance APY Up to $1,000 0.10% $1,000 – $10,000 0.15% $10,000 and upYour amount 0.20% Rate checked
More details - 0.20%APY$20 a year on $10,000
Requirements
Product: $5 monthly service charge if available balance falls below $100. $100 minimum deposit to open. Minimum $100.00 to earn interest. Unlimited deposits and transfers.
Offer: $5 monthly service charge waived if available balance remains at or above $100. $100.00 minimum to earn interest. Interest is compounded quarterly and credited quarterly.
0.15% interest rate · Compounded quarterly · $5 monthly fee
Rate by balance
Rate by balance for Personal Savings Balance APY $100 – $5,000 0.15% $5,000 and upYour amount 0.20% Rate checked
More details - Nicolet National BankMoney Market Account (MMA)Money Market Account (MMA) · $1,000 min · 0.10%–0.20% by balance
Bank · 1 branch
0.20%APY$20 a year on $10,000Requirements
Offer: $10 monthly service charge if available balance falls below $1,000.
0.10% interest rate · $10 monthly fee · Effective Sep 23, 2026
Rate by balance
Rate by balance for Money Market Account (MMA) Balance APY $1,000 – $4,999 0.10% $5,000 and upYour amount 0.20% Rate checked
More details - The Bank of Elk RiverMomentum Money MarketMomentum Money Market · 0.15%–2.84% by balance
Bank · 2 branches
0.15%APY$15 a year on $10,000Requirements
Product: $10 monthly service charge waived with a $5,000 daily minimum balance. Interest compounded daily.
Offer: Tier for balances less than $25,000.00.
0.15% interest rate · Compounded daily · Effective Oct 14, 2026
Rate by balance
Rate by balance for Momentum Money Market Balance APY Any balanceYour amount 0.15% $25,000 – $50,000 1.50% $50,000 – $100,000 2.00% $100,000 – $250,000 2.70% $250,000 and up 2.84% Rate checked
More details - 0.15%APY$15 a year on $10,000
Requirements
Product: $50 minimum opening deposit waived for individuals aged 17 and under. $5 monthly service fee waived if minimum balance of $100 is maintained or for ages 17 and under.
0.15% interest rate · $5 monthly fee · Effective Oct 4, 2026
Rate checked
More details - Blaze Credit UnionSavings (Share and Secondary)Savings · $10 min · 0.05%–0.10% by balance
Credit union · 1 branch
0.10%APY$10 a year on $10,000Requirements
Product: Dividends compounded and credited quarterly. $10.00 minimum balance required to maintain membership (Share Savings only). Daily balance method applies. On tiered rates, dividends are paid on the entire balance.
Offer: Minimum balance to earn stated APY is $0.01.
0.05% interest rate · No monthly fee · Effective Sep 28, 2026
Rate by balance
Rate by balance for Savings (Share and Secondary) Balance APY Up to $2,000 0.05% $2,000 and upYour amount 0.10% Rate checked
More details
Carrot Score rates each institution on all its CD, savings, auto loan and credit card rates, not just the account shown. How we rank
What savings accounts pay in Elk River, MN
36 accounts at 9 banks and credit unions · checked Oct 6–22
- Typical
- 0.06%
- Top 10% from
- 1.65%
- Banks, typical
- 0.05%
- Credit unions, typical
- 0.58%
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Minneapolis, MN-WI metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
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