Compare Bank & Credit Union Rates
Best high-yield savings rates
Compare published savings yields, money market accounts included, with minimums, requirements, collection dates and original sources.
Top savings rates
Showing 1–15 of 219 results in Minnesota
- 4.65%APY$465 a year on $10,000
Requirements
Product: Designed to hold inheritance or life insurance proceeds while determining next steps.
Effective Nov 2, 2026
Rate checked
More details - 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 - Royal Credit UnionHigh-Yield Savings AccountSavings · $0 min · 0.40%–3.60% by balance
Credit union · 8 branches
3.40%APY$340 a year on $10,000with conditionsRequirements
Product: To earn qualified APY, must be Tax Reported Owner of a primary base savings account and an eligible Royal checking account with at least $500 in cumulative qualifying direct deposits posted every 60 days. One high-yield savings account per Tax Reported Owner. If requirements are not met, non-qualified APY applies. No minimum balance required to open. Rates current as of 10/01/2026 and last changed on 10/01/2026.
Qualified rate · 0.40% interest rate · Effective Oct 1, 2026
Rate by balance
Rate by balance for High-Yield Savings Account Balance APY Up to $10,000 0.40% $10,000 – $100,000Your amount 3.40% $100,000 – $250,000 3.60% Over $250,000 1.75% Rate checked
More details - 3.30%APY$330 a year on $10,000
Requirements
Product: Special savings account locking funds for 8 months. No minimum opening balance. Substantial penalty for early withdrawal. After 8 months, enters a 10-day grace period to make changes or it re-locks for another 8 months.
Offer: 8 Month term
3.25% interest rate · Effective Feb 2, 2026
Rate checked
More details - Royal Credit UnionSave & Spend Duo SavingsSavings · $0 min · 0.40%–3.00% by balance
Credit union · 8 branches
3.00%APY$300 a year on $10,000with conditionsRequirements
Product: Combined with Duo Checking. $5 monthly fee waived when making at least 20 debit card purchases each calendar month and logging in to online or mobile banking at least once every 90 days. Includes Debit Roundup feature. No minimum balance to open or earn APY.
Offer: On the first $10,000
Qualified rate · 2.96% interest rate · $5 monthly fee · Effective Feb 23, 2026
Rate by balance
Rate by balance for Save & Spend Duo Savings Balance APY Up to $10,000Your amount 3.00% Over $10,000Amounts over $10,000 0.40% Rate checked
More details - SMW Financial Credit UnionRewards SaverSavings · $0 min · 0.75%–3.00% by balance
Credit union · 2 branches
3.00%APY$300 a year on $10,000with conditionsRequirements
Product: Available to Rewards Checking account holders. Must meet monthly qualification cycle requirements (at least $1,000 in direct deposit/ACH credits per month, at least 15 debit card purchases of at least $3, and enrolled in eStatements) to earn qualifying rates; otherwise earns base interest rate.
Offer: Qualifying rate requires at least $1,000 in direct deposit/ACH credits per month, at least 15 debit card purchases of at least $3, and enrollment in eStatements in Rewards Checking during each Monthly Qualification Cycle.
Qualified rate · 2.96% interest rate · No monthly fee · Effective Oct 30, 2026
Rate by balance
Rate by balance for Rewards Saver Balance APY Up to $25,000Your amount 3.00% Over $25,000 0.75% Rate checked
More details - Federated Employees Credit UnionMoney MarketMoney Market · $0 min · 1.51%–3.71% by balance
Credit union · 2 branches
2.78%APY$278 a year on $10,000Requirements
Product: No minimum balance required. No annual fees. Withdrawals of $500 or more up to 3 times per month at no charge; $15 fee per additional withdrawal. Joint ownership with parent/guardian required for under 18. Membership eligibility/valid ID and SSN required.
1.50% interest rate · Effective Nov 1, 2026
Rate by balance
Rate by balance for Money Market Balance APY Up to $2,500 1.51% $2,500 – $10,000 2.27% $10,000 – $25,000Your amount 2.78% $25,000 – $50,000 3.19% $50,000 – $75,000 3.45% $75,000 and up 3.71% Rate checked
More details - 2.75%APY$275 a year on $10,000
Requirements
Product: Prize-linked savings account offering prize drawing entries for each $25 increase in savings balance (up to 4 entries per month).
2.72% interest rate · Effective Oct 1, 2026
Rate checked
More details - Co-op Credit UnionMembers Money Savings AccountSavings · $1,000 min · 2.75%–3.75% by balance
Credit union · 4 branches
2.75%APY$275 a year on $10,000Requirements
Product: Tiered interest rates. Minimum deposit of $1,000.00. Must maintain a minimum average daily balance of $100.00 to obtain the disclosed annual percentage rate. Interest is calculated and paid monthly on the average daily balance, and is compounded. Limit of 6 transactions (deposits or withdrawals) per month, of which only 3 can be withdrawals.
Offer: Must maintain a minimum average daily balance of $100.00 to obtain the disclosed annual percentage rate. Minimum deposit of $1,000.00. Limit of 6 transactions per month (max 3 withdrawals).
2.72% interest rate · Effective Oct 1, 2026
Rate by balance
Rate by balance for Members Money Savings Account Balance APY $100 – $25,000Your amount 2.75% $25,000 – $50,000 3.00% $50,000 and up 3.75% Rate checked
More details - 2.75%APY$275 a year on $10,000
Requirements
Product: Required account to establish membership. Dividends compounded and paid quarterly using the average daily balance method when average daily balance is $10.00 or greater.
Offer: Dividends compounded and paid quarterly using average daily balance method; quarterly dividends paid when average daily balance is $10.00 or greater.
2.72% interest rate · Effective Oct 1, 2026
Rate checked
More details - United Employees Credit UnionTiered Money Market AccountsTiered Money Market Accounts · $2,500 min · 2.58%–2.99% by balance
Credit union · 1 branch
2.58%APY$258 a year on $10,000Requirements
Product: Dividends paid on average daily balance.
2.55% interest rate
Rate by balance
Rate by balance for Tiered Money Market Accounts Balance APY $2,500 and upYour amount 2.58% $20,000 and up 2.99% Rate checked
More details - 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 - Novation Credit UnionHigh-Yield SavingsSavings · $0 min · 0.75%–2.55% by balance
Credit union · 4 branches
2.55%APY$255 a year on $10,000Requirements
Offer: No monthly fees. Dividends are paid monthly.
0.75% interest rate · No monthly fee · Effective Sep 21, 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 - 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 - 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 will be reduced to that of a Regular Share/Savings.
Effective Nov 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
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
219 accounts at 80 banks and credit unions · checked Nov 6–7
- Typical
- 0.20%
- Top 10% from
- 2.00%
- Credit unions, typical
- 0.20%
Is your bank paying you enough?
Find your bank or credit union to see all its rates and how they compare near you.
Minnesota
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Mid Minnesota Federal Credit UnionCredit union · 12 branches
- Greater Community CUCredit union · 4 branches
- Altra Federal Credit UnionCredit union · 4 branches