Compare Bank & Credit Union Rates
Best savings rates in Minnesota
Compare published savings yields, money market accounts included, with minimums, requirements, collection dates and original sources.
Top savings rates
Showing 31–45 results in Minnesota
- Heartland Credit UnionHigh-Yield SavingsSavings · $0 min · 0.75%–2.55% by balance
Credit union · 4 branches
2.55%APY$255 a year on $10,0000.75% interest rate · No monthly fee · Effective Oct 1, 2026
Rate by balance
Rate by balance for High-Yield Savings Balance APY Up to $10,000 0.75% $10,000 and upYour amount 2.55% Rate checked
More details - ESB Banking & InsuranceMoney Market AccountMoney Market Account · $0 min · 0.50%–2.53% by balance
Bank · 3 branches
2.53%APY$253 a year on $10,000Requirements
Product: Maintain a $2,500 minimum balance to waive the $15 monthly service charge. Variable rate account subject to change.
Offer: Variable rate subject to change. $15 monthly service charge waived with a $2,500 minimum balance.
0.50% interest rate · $15 monthly fee · Effective Aug 5, 2026
Rate by balance
Rate by balance for Money Market Account Balance APY Up to $2,499 0.50% $2,500 – $9,999 1.77% $10,000 – $49,999Your amount 2.53% $50,000 – $99,999 2.53% $100,000 and up 2.53% Rate checked
More details - Alexandria schools employees credit unionSavings AccountsSavings · $5 min · 0.50%–4.24% by balance
Credit union · 1 branch
2.53%APY$253 a year on $10,000Requirements
Product: Alexandria Schools Employees Credit Union membership is required. Rates and terms are subject to change at any time without notice. Posted rate reflects all available discounts. Actual rate based on applicant's credit history. Some restrictions may apply.
0.50% interest rate · Effective Jun 3, 2026
Rate by balance
Rate by balance for Savings Accounts Balance APY Up to $500 0.50%* $500 – $10,000 1.77%* $10,000 – $25,000Your amount 2.53%* $25,000 – $50,000 2.79%* $50,000 – $75,000 3.82%* $75,000 – $100,000 4.08%* $100,000 – $200,000 4.24%* Rate checked
More details - Mid Minnesota Federal Credit UnionKasasa SaverSavings · $5 min · 0.15%–2.50% by balance
Credit union · 12 branches
2.50%APY$250 a year on $10,000with conditionsRequirements
Product: Must be linked to a Kasasa Cash or Kasasa Cash Back checking account. Limit 1 account per social security number.
Offer: Requires meeting linked Kasasa checking qualifications per Monthly Qualification Cycle (at least 1 direct deposit/ACH debit/credit, 12 debit card purchases, and e-statements).
Qualified rate · 2.47% interest rate · No monthly fee · Effective Feb 1, 2024
Rate by balance
Rate by balance for Kasasa Saver Balance APY Up to $35,000Your amount 2.50% Over $35,000 0.15%* Rate checked
More details - 2.50%APY$250 a year on $10,000
Requirements
Product: Compounded quarterly and credited quarterly. Reg D limits apply.
Offer: Dividends compounded and credited quarterly.
2.48% interest rate · Compounded quarterly · Effective Oct 13, 2026
Rate checked
More details - 2.50%APY$250 a year on $10,000
Requirements
Product: Requires $10 minimum balance to obtain APY. Compounded quarterly and credited quarterly. Reg D limits apply.
Offer: Requires $10 minimum balance to obtain APY. Dividends compounded and credited quarterly.
2.48% interest rate · Compounded quarterly · Effective Oct 13, 2026
Rate checked
More details - Ameriprise Bank, FSBAmeriprise Bank Savings AccountSavings · $100 min · 2.50%–3.35% by balance
Bank · 2 branches
2.50%APY$250 a year on $10,000Requirements
Product: Tiered variable-rate account. Must be at least 18 years old and a U.S. citizen or U.S. resident alien with a valid SSN/TIN and U.S. residential address. Maximum of 6 joint owners and up to 5 natural person payable on death (POD) beneficiaries. Interest is compounded daily and paid monthly. Maximum of 6 transfers or withdrawals per monthly statement cycle.
2.47% interest rate · Compounded daily · No monthly fee · Effective Oct 7, 2026
Rate by balance
Rate by balance for Ameriprise Bank Savings Account Balance APY Up to $5,000 2.50% $5,000 – $10,000 2.50% $10,000 – $25,000Your amount 2.50% $25,000 – $50,000 3.10% $50,000 – $100,000 3.20% $100,000 – $250,000 3.35% $250,000 and up 3.35% Rate checked
More details - 2.50%APY$250 a year on $10,000with conditions
Requirements
Product: Linked Kasasa Cash or Kasasa Cash Back checking account required. Electronic statements and online banking enrollment required. Limit 1 account per SSN/ITIN.
Offer: Requires meeting Kasasa Cash or Kasasa Cash Back qualification requirements during monthly qualification cycle (at least 12 debit card purchases post and settle, agree to e-statements, log into online banking).
Qualified rate · 2.47% interest rate · Effective Sep 29, 2026
Rate by balance
Rate by balance for Kasasa Saver Balance APY Up to $100,000Your amount 2.50% $100,000 and up 1.49% 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 - Share Advantage Credit UnionMoney MarketMoney Market · $2,000 min · 0.15%–2.50% by balance
Credit union · 2 branches
2.50%APY$250 a year on $10,000Requirements
Product: Rates are variable and based on Average Daily Balance. Membership eligibility required. If balance falls below the $2,000 minimum, earnings are reduced to the Regular Share/Savings rate. Dividends are credited monthly.
Offer: Average Daily Balance tier $2,000.00 - $9,999.99. If the balance falls below the $2,000 minimum, the interest/dividend is reduced to that of a Regular Share/Savings.
Effective Oct 1, 2026
Rate by balance
Rate by balance for Money Market Balance APY $2,000 – $10,000 0.15% $10,000 – $20,000Your amount 2.50% $20,000 and up 2.50% Rate checked
More details - Affinity PlusCapitol Money Market AccountCapitol Money Market Account · $2,000 min · 2.25%–2.35% by balance
Credit union · 34 branches
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 - St. Paul Federal Credit UnionCapital Money Market AccountCapital Money Market Account · $2,500 min · 2.30%–2.75% by balance
Credit union · 3 branches
2.30%APY$230 a year on $10,000Requirements
Product: Must maintain a minimum daily balance of $2,500.00 to earn dividends and avoid forfeiture of dividends for days below the minimum. Minimum opening deposit is $2,500.00. Dividends are calculated using the daily balance method, compounded monthly, and credited monthly. Minimum withdrawal amount is $100.00 per withdrawal. Limited to 6 preauthorized, automatic, or electronic withdrawals/transfers per monthly cycle. Membership requires maintaining at least one share ($5.00) in a share savings account.
Offer: Minimum balance of $2,500.00 required to open and earn dividends. Dividends do not accrue on days balance is below $2,500.00.
2.28% interest rate · Compounded monthly · Effective May 19, 2026
Rate by balance
Rate by balance for Capital Money Market Account Balance APY $2,500 – $10,000Your amount 2.30% $10,000 – $25,000 2.50% $25,000 – $50,000 2.60% $50,000 – $100,000 2.70% Over $100,000 2.75% Rate checked
More details - Portage BankNew Frontier Money MarketNew Frontier Money Market · $2,500 min · 0.75%–3.30% by balance
Bank · 1 branch
2.27%APY$227 a year on $10,000Requirements
Product: Balances under minimum balance requirements do not earn interest. Must maintain a minimum daily balance of $0.01 to earn the disclosed APY. Optional mailed statements cost $3.00 per month.
Offer: Must maintain a minimum daily balance of $0.01 to earn disclosed APY.
0.75% interest rate · Effective Sep 1, 2026
Rate by balance
Rate by balance for New Frontier Money Market Balance APY Up to $10,000 0.75% $10,000 – $100,000Your amount 2.27% $100,000 – $250,000 2.53% $250,000 – $500,000 2.78% $500,000 and up 3.30% Rate checked
More details - SMW Financial Credit UnionWealth Builder Money Market SavingsWealth Builder Money Market Savings · $0 min · 0.00%–2.50% by balance
Credit union · 2 branches
2.25%APY$225 a year on $10,000Requirements
Product: $10 monthly maintenance fee waived by maintaining a $2,500 minimum balance. Free eServices and no minimum deposit to open. Direct check writing with 6 free pre-authorized/draft/check/electronic transactions per month, $10 per excess transaction thereafter.
Offer: $10 monthly fee waived with $2,500 minimum balance.
0.00% interest rate · $10 monthly fee · Effective Oct 5, 2026
Rate by balance
Rate by balance for Wealth Builder Money Market Savings Balance APY Up to $2,500 0.00% $2,500 – $10,000 2.00% $10,000 – $50,000Your amount 2.25% $50,000 and up 2.50% Rate checked
More details - St. Cloud Financial Credit UnionDiamond Money MarketDiamond Money Market · $2,000 min · 2.15%–3.00% by balance
Credit union · 5 branches
2.15%APY$215 a year on $10,000with conditionsRequirements
Product: Requires Diamond Membership: must have an active Diamond Checking account AND a new or existing loan or SCFCU Credit Card. To maintain Diamond Checking, must have at least 15 SCFCU debit card transactions, or 15 SCFCU credit card transactions, or a combination of 15 transactions per qualification period, and elect electronic statements. Qualifications must be met monthly. Dividends credited and compounded monthly. All savings rates are variable.
Qualified rate · 2.13% interest rate · Compounded monthly
Rate by balance
Rate by balance for Diamond Money Market Balance APY $2,000 – $9,999 2.15% $10,000 – $24,999Your amount 2.15% $25,000 – $49,999 2.30% $50,000 – $99,999 2.50% $100,000 – $249,999 2.60% $250,000 and up 3.00% 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
* APY calculated from the stated interest rate. Daily compounding is assumed when the institution does not state it.
What savings accounts pay in Minnesota
511 accounts at 189 banks and credit unions · checked Oct 16–22
- Typical
- 0.25%
- Top 10% from
- 2.00%
- Banks, typical
- 0.25%
- Credit unions, typical
- 0.20%
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Minnesota
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Greater Community CUCredit union · 4 branches
- Altra Federal Credit UnionCredit union · 4 branches
- VisionBankBank · 1 branch