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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.

Location

Top savings rates

Showing 1–15 results in Red Wing, MN metro

  1. Associated BankAssociated Select Money MarketAssociated Select Money Market · $1,000 min

    Bank · 1 branch

    3.20%APY$320 a year on $10,000with conditions
  2. 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 $10,000
  3. Associated BankAssociated Select Money MarketAssociated Select Money Market · $1,000 min

    Bank · 1 branch

    1.60%APY$160 a year on $10,000with conditions
  4. Red Wing Credit UnionMoney Market AccountsMoney Market Accounts · $2,500 min · 1.51%–2.52% by balance

    Credit union · 1 branch

    1.51%APY$151 a year on $10,000
  5. Merchants BankDiamond Money MarketDiamond Money Market · $5,000 min · 0.25%–3.20% by balance

    Bank · 2 branches

    0.55%APY$55 a year on $10,000
  6. Associated BankAssociated Select Money MarketAssociated Select Money Market · $1,000 min

    Bank · 1 branch

    0.50%APY$50 a year on $10,000with conditions
  7. Red Wing Credit UnionShare SavingsSavings · $25 min

    Credit union · 1 branch

    0.40%APY$40 a year on $10,000
  8. Minnesota FirstRegular SavingsSavings · $200 min · 0.15%–0.50% by balance

    Bank · 1 branch

    0.35%APY$35 a year on $10,000
  9. 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 $10,000
  10. Security State Bank WanamingoMoney Market AccountMoney Market Account · $1,000 min · 0.30%–0.85% by balance

    Bank · 1 branch

    0.30%APY$30 a year on $10,000
  11. Security State Bank WanamingoRegular Savings AccountSavings · $50 min

    Bank · 1 branch

    0.25%APY$25 a year on $10,000
  12. Merchants BankAdvantage SavingsSavings · $1,000 min

    Bank · 2 branches

    0.25%APY$25 a year on $10,000
  13. Associated BankAssociated Select Money MarketAssociated Select Money Market · $1,000 min

    Bank · 1 branch

    0.25%APY$25 a year on $10,000with conditions
  14. 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 $10,000
  15. Merchants BankBasic SavingsSavings · $50 min

    Bank · 2 branches

    0.18%APY$18 a year on $10,000

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 Red Wing, MN metro

22 accounts at 8 banks and credit unions · checked Oct 5–22

Typical
0.25%
Top 10% from
1.59%
Banks, typical
0.25%
Credit unions, typical
0.96%

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Minnesota

Top Carrot institutions

Ranked across their CDs, savings, auto loans and credit cards. How scores work

  1. Greater Community CUCredit union · 4 branches
  2. Altra Federal Credit UnionCredit union · 4 branches
  3. VisionBankBank · 1 branch
See all ranked institutions

Savings rates by state

Best High-Yield Savings Rates of October 2026 | Carrot Rate