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 results in Owatonna, MN metro
- 3.40%APY$340 a year on $10,000with conditions
Requirements
Product: Must open a CD with a term of 6 months or longer and an opening deposit/balance greater than or equal to the Companion Savings opening deposit. Savings withdrawals in-person only.
Offer: Rate is variable and can change at anytime. Must open a CD with a term of 6 months or longer with initial balance greater than or equal to the opening balance of the Companion Savings. Withdrawals in-person only.
Qualified rate · Effective Sep 30, 2026
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 Oct 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 - 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 - 1.50%APY$150 a year on $10,000
Requirements
Product: Membership is available to all Federated Insurance Companies employees and retirees, their spouses, children, grandchildren, parents, and siblings. A minimum $5 balance is required to maintain access to member benefits.
Offer: Begins earning dividends once a minimum balance of $25 is reached. Dividends are compounded daily and paid monthly.
1.50% interest rate · Compounded daily · Effective Oct 1, 2026
Rate checked
More details - 1.50%APY$150 a year on $10,000
Requirements
Product: No minimum balance requirements, no withdrawal penalty, and no deposit minimums.
Offer: Dividends compound daily and are paid monthly. No monthly maintenance fees.
1.50% interest rate · No monthly fee · Effective Oct 1, 2026
Rate checked
More details - 1.00%APY$100 a year on $10,000
Requirements
Product: Rate is variable and subject to change after account opening. $10 monthly service charge waived with a $2,000 minimum daily balance. Six free transactions per monthly statement cycle ($10 per additional transaction).
Offer: $10 monthly service charge waived with a $2,000 minimum daily balance.
0.50% interest rate · $10 monthly fee · Effective Oct 1, 2026
Rate by balance
Rate by balance for Money Market Balance APY Up to $9,999 0.50% $10,000 – $99,999Your amount 1.00% $100,000 – $499,999 1.46% $500,000 – $999,999 1.76% $1,000,000 – $9,999,999 2.53% $10,000,000 and up 2.53% Rate checked
More details - 0.90%APY$90 a year on $10,000
Requirements
Product: Dividends are paid at a higher rate than a regular Share Savings Account. 3 withdrawals per month. Unlimited deposits. Fees may reduce earnings on account.
Offer: Balance tier $9,999.99 or below. Fees may reduce earnings on account.
0.70% interest rate · Effective Jun 1, 2024
Rate by balance
Rate by balance for Money Market Balance APY Up to $10,000 0.70% $10,000 – $25,000Your amount 0.90% $25,000 – $50,000 1.00% $50,000 – $100,000 1.05% $100,000 and up 1.15% Rate checked
More details - Profinium Bank IncPro LISA Liquid Investment Savings AccountSavings · $5,000 min · 0.53%–1.03% by balance
Bank · 1 branch
0.53%APY$53 a year on $10,000Requirements
Product: $10.00 monthly service charge imposed if average monthly balance is lower than $5,000.00. The APY listed in each tier will be paid on the entire balance in the account.
Offer: Paid on entire balance in account. $10.00 monthly fee waived if average monthly balance is at least $5,000.00.
$10 monthly fee
Rate by balance
Rate by balance for Pro LISA Liquid Investment Savings Account Balance APY Up to $250,000Your amount 0.53% $250,000 – $500,000 0.73% $500,000 and up 1.03% Rate checked
More details - 0.35%APY$35 a year on $10,000
Requirements
Product: Must deposit and maintain minimum daily balance of $200. Minimum withdrawal is $25.00.
No monthly fee · Effective Jun 1, 2022
Rate by balance
Rate by balance for Regular Savings Balance APY $200 – $1,000 0.15% $1,000 – $2,500 0.20% $2,500 – $25,000Your amount 0.35% $25,000 and up 0.50% Rate checked
More details - First State Bank of Red WingGolden Money Market CheckingGolden Money Market Checking · $0 min · 0.10%–0.50% by balance
Bank · 1 branch
0.35%APY$35 a year on $10,000Requirements
Product: The rate and APY may change after the account is open. Fees could reduce earnings on an account.
0.10% interest rate · Effective Jun 25, 2025
Rate by balance
Rate by balance for Golden Money Market Checking Balance APY Up to $10,000 0.10% $10,000 – $74,999Your amount 0.35% $75,000 and up 0.50% Rate checked
More details - 0.30%APY$30 a year on $10,000
Requirements
Product: Minimum balance to avoid monthly charge is $50.00. Free debit card and free online banking included. Account statements delivered quarterly.
Offer: Monthly charge of $5.00 applies if balance falls below the $50.00 required minimum.
0.20% interest rate · $5 monthly fee · Effective Sep 30, 2026
Rate by balance
Rate by balance for Classic Savings Balance APY Up to $5,000 0.20% $5,000 – $10,000 0.25% $10,000 and upYour amount 0.30% Rate checked
More details - First State Bank of Red WingMoney Market CheckingMoney Market Checking · $0 min · 0.00%–0.25% by balance
Bank · 1 branch
0.25%APY$25 a year on $10,000Requirements
Product: The rate and APY may change after the account is open. Fees could reduce earnings on an account.
0.00% interest rate · Effective Jun 25, 2025
Rate by balance
Rate by balance for Money Market Checking Balance APY Up to $5,000 0.00% $5,000 and upYour amount 0.25% Rate checked
More details - 0.25%APY$25 a year on $10,000
Requirements
Product: $5.00 monthly service charge imposed if average monthly balance is lower than $25.00; fee waived for those age 25 and younger.
Offer: $5.00 monthly fee waived if average monthly balance is $25.00 or more, or for those age 25 and younger.
$5 monthly fee
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 Owatonna, MN metro
28 accounts at 11 banks and credit unions · checked Oct 15–22
- Typical
- 0.25%
- Top 10% from
- 2.03%
- Banks, typical
- 0.25%
- Credit unions, typical
- 0.90%
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Owatonna, MN metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Federated Employees Credit UnionCredit union · 2 branches