Compare Bank & Credit Union Rates
Best savings rates in Rochester, 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 Rochester, MN
- 3.75%APY$375 a year on $10,000intro rate
Requirements
Product: Not available to open online; must be opened in person and funded with new money (funds not already on deposit at Altra). One account per member; personal accounts only (not available to Guardianship, Rep Payee, or UTMA accounts). No minimum deposit or minimum balance required. Additional deposits in-person only, up to $250,000 maximum. Earns posted APY on balances up to $250,000; amounts over $250,000 deposited to regular savings. Dividends paid monthly. Limited time offer.
Promotional rate · 3.69% interest rate · Balance cap $250,000 · Effective Jul 1, 2026
Rate checked
More details - 3.50%APY$350 a year on $10,000with conditions
Requirements
Product: One Superior Money Market per membership. Membership required. Direct deposit of $500 minimum each month (payroll, Social Security or unemployment) to any Affinity Plus checking, savings or money market account and enrollment in digital statements required to earn higher dividend rate; otherwise receives 0.100% APY. No minimum balance and no minimum balance fee.
Offer: Requirements met (monthly direct deposit of $500+ and digital statements). Compounded monthly.
Qualified rate · 3.45% interest rate · Compounded monthly · No monthly fee · Effective Sep 3, 2025
Rate checked
More details - Associated BankAssociated Select Money MarketAssociated Select Money Market · $1,000 min
Bank · 3 branches
3.20%APY$320 a year on $10,000with conditionsRequirements
Product: Features tiered interest rates and enhanced rate tiers when combined with qualifying Associated Choice Checking relationship tiers (Platinum Choice, Emerald Choice, Emerald Private Choice). Monthly maintenance fee of $16 is waived with a minimum daily balance of $1,000.
Offer: Emerald Private Choice enhanced rate tier. Requires meeting and maintaining Emerald Private Choice benefit tier qualifications on an Associated Choice Checking account. $16 monthly maintenance fee waived with a minimum daily balance of $1,000.
Qualified rate · 3.15% interest rate · $16 monthly fee · Effective Oct 5, 2026
Rate checked
More details - 2.58%APY$258 a year on $10,000
Requirements
Product: Minimum balance to open is $20.00. A $5.00 monthly minimum balance fee applies if the average ledger balance falls below $5,000.00 for the monthly statement cycle; the fee is waived if the average collected balance in Foresight Bank checking, savings, and money market accounts plus the current principal balance in certificate of deposit accounts is at least $50,000.00, or the current principal loan balance is at least $100,000.00. Interest is calculated using the average daily collected balance method and is compounded and credited monthly.
Offer: Tier 1: Daily balance less than or equal to $39,999.99 (minimum balance for APY is $1). $5.00 monthly fee if average ledger balance is below $5,000.00, with waiver options available.
2.55% interest rate · $5 monthly fee
Rate by balance
Rate by balance for Money Market Balance APY Up to $40,000Your amount 2.58% $40,000 – $100,000 2.68% $100,000 – $250,000 2.78% $250,000 – $500,000 2.89% $500,000 and up 2.99% Rate checked
More details - 2.50%APY$250 a year on $10,000
Requirements
Product: Membership required. $10,000 minimum balance to earn dividends. Subject to a $20 minimum balance fee if the balance falls below $10,000.
Offer: Compounded monthly. $20 fee applies if balance falls below $10,000.
2.47% interest rate · Compounded monthly · $20 monthly fee · Effective Sep 3, 2025
Rate checked
More details - Affinity PlusCapitol Money Market AccountCapitol Money Market Account · $2,000 min · 2.25%–2.35% by balance
Credit union · 1 branch
2.35%APY$235 a year on $10,000Requirements
Product: Membership required. $2,000 minimum balance to earn dividends. Not subject to a monthly minimum balance fee.
Offer: Compounded monthly.
2.23% interest rate · Compounded monthly · No monthly fee · Effective Sep 3, 2025
Rate by balance
Rate by balance for Capitol Money Market Account Balance APY $2,000 – $4,999 2.25% $5,000 and upYour amount 2.35% Rate checked
More details - Minnesota FirstPremium High Yield Savings AccountSavings · $5,000 min · 2.10%–2.75% by balance
Bank · 1 branch
2.10%APY$210 a year on $10,000Requirements
Product: Must deposit and maintain minimum daily balance of $5,000.
No monthly fee · Effective Oct 1, 2023
Rate by balance
Rate by balance for Premium High Yield Savings Account Balance APY $5,000 – $35,000Your amount 2.10% $35,000 – $70,000 2.40% $70,000 – $100,000 2.50% $100,000 and up 2.75% 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 - Altra Federal Credit UnionBest Life Advantage Tiered SavingsSavings · $0 min · 1.90%–2.40% by balance
Credit union · 2 branches
1.90%APY$190 a year on $10,000intro rateRequirements
Product: Annual Percentage Yield (APY) based on average daily balance. Membership eligibility required. One account per member; personal accounts only. Account balance may be added to at any time; no penalty for withdrawal. No checking or direct deposit required. Limited time offer.
Promotional rate · 1.88% interest rate · Effective Oct 1, 2026
Rate by balance
Rate by balance for Best Life Advantage Tiered Savings Balance APY Up to $14,999Your amount 1.90% $15,000 – $49,999 2.00% $50,000 – $74,999 2.10% $75,000 – $99,999 2.20% $100,000 – $149,999 2.30% $150,000 and up 2.40% Rate checked
More details - Associated BankAssociated Select Money MarketAssociated Select Money Market · $1,000 min
Bank · 3 branches
1.60%APY$160 a year on $10,000with conditionsRequirements
Product: Features tiered interest rates and enhanced rate tiers when combined with qualifying Associated Choice Checking relationship tiers (Platinum Choice, Emerald Choice, Emerald Private Choice). Monthly maintenance fee of $16 is waived with a minimum daily balance of $1,000.
Offer: Emerald Choice enhanced rate tier. Requires meeting and maintaining Emerald Choice benefit tier qualifications on an Associated Choice Checking account. $16 monthly maintenance fee waived with a minimum daily balance of $1,000.
Qualified rate · 1.58% interest rate · $16 monthly fee · Effective Oct 5, 2026
Rate checked
More details - Mayo Employees Federal Credit UnionMoney MarketMoney Market · $2,500 min · 1.15%–2.30% by balance
Credit union · 6 branches
1.45%APY$145 a year on $10,000Requirements
Product: Minimum deposit to open is $2,500. Minimum balance required to earn stated rate is $2,500, otherwise the regular savings rate applies. Allows four withdrawals each month with a minimum withdrawal of $500. Dividends are compounded and paid quarterly. Rate may change after account is opened.
Offer: Rate may change after account is opened.
1.14% interest rate · Effective Oct 5, 2026
Rate by balance
Rate by balance for Money Market Balance APY $2,500 – $10,000 1.15% $10,000 – $20,000Your amount 1.45% $20,000 – $50,000 1.85% $50,000 – $100,000 2.00% $100,000 and up 2.30% Rate checked
More details - 1.25%APY$125 a year on $10,000
Requirements
Product: Consumer accounts may be opened by existing customers, or new customers who live or work in Minnesota. No minimum balance requirement. No monthly service fees. Interest is earned on average monthly balances of $5,000 and higher. If combined deposit relationship balance in savings or money market accounts exceeds $15,000,000.00, balances exceeding $15,000,000.00 will be transferred to an interest bearing checking account.
Offer: Interest earned on average monthly balance. Variable rate. No minimum balance requirement. No monthly service fees.
1.24% interest rate · No monthly fee · Effective Oct 1, 2026
Rate by balance
Rate by balance for Money Market Balance APY $5,000 – $20,000Your amount 1.25% $20,000 – $50,000 1.50% $50,000 – $100,000 1.75% $100,000 – $5,000,000 2.00% Rate checked
More details - 1.16%APY$116 a year on $10,000
Requirements
Product: Interest compounded and credited monthly. A service charge of $5.00 is imposed each monthly statement cycle if average ledger balance falls below $1,000.00 (fee waived for under age 18, or if combined deposit balance is at least $1,000.00 or loan balance is at least $20,000.00).
1.10% interest rate
Rate by balance
Rate by balance for High-Interest Savings Balance APY Up to $10,000 1.11% $10,000 – $40,000Your amount 1.16% $40,000 and up 1.21% Rate checked
More details - 1.15%APY$115 a year on $10,000
Requirements
Product: Interest compounded and credited quarterly. Minimum balance of $50.00 to avoid $3.00 quarterly service charge (fee waived for under age 18, or if combined deposit balance is at least $1,000.00 or loan balance is at least $20,000.00).
1.10% interest rate
Rate by balance
Rate by balance for Foresight Savings Balance APY Up to $10,000 1.10% $10,000 – $40,000Your amount 1.15% $40,000 and up 1.21% 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 Rochester, MN
54 accounts at 17 banks and credit unions · checked Oct 15–22
- Typical
- 0.25%
- Top 10% from
- 2.28%
- Banks, typical
- 0.25%
- Credit unions, typical
- 0.25%
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Rochester, MN metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Altra Federal Credit UnionCredit union · 2 branches
- Luminate BankBank · 1 branch
- Foresight BankBank · 3 branches