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 Faribault, MN metro
- 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 - 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 - 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 - Wings Credit UnionMoney Market SavingsMoney Market Savings · $2,500 min · 0.10%–1.60% by balance
Credit union · 1 branch
0.60%APY$60 a year on $10,000Requirements
Product: Membership required. Insured by NCUA. Minimum actual balance required to open is $2,500. Pay no monthly fees or minimum balance fee.
0.10% interest rate · No monthly fee · Effective Oct 2, 2026
Rate by balance
Rate by balance for Money Market Savings Balance APY Up to $2,500 0.10% $2,500 – $10,000 0.15% $10,000 – $25,000Your amount 0.60% $25,000 – $50,000 0.80% $50,000 – $100,000 1.00% $100,000 – $250,000 1.30% $250,000 and up 1.60% Rate checked
More details - 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 $10,000Requirements
Product: $5,000 minimum daily balance required to avoid $10 monthly fee. 6 withdrawals allowed per month ($10 fee per withdrawal over 6).
$10 monthly fee · Effective Apr 16, 2026
Rate by balance
Rate by balance for Diamond Money Market Balance APY Up to $5,000 0.25% $5,000 – $25,000Your amount 0.55% $25,000 – $50,000 1.00% $50,000 – $100,000 1.30% $100,000 – $200,000 2.00% $200,000 – $1,000,000 2.25% Over $1,000,000 3.20% Rate checked
More details - 0.25%APY$25 a year on $10,000
Requirements
Product: Quarterly fee of $8 applies if minimum daily balance of $1,000 is not maintained. 12 withdrawals allowed per quarter ($2 per withdrawal over 12).
Offer: Minimum opening deposit of $1,000. $8 quarterly fee if $1,000 daily balance is not maintained.
Effective Apr 16, 2026
Rate checked
More details - 0.20%APY$20 a year on $10,000with conditions
Requirements
Product: E-statements are required. Free Internet Banking transfers. Unlimited withdrawals in person. Accrue daily, credited monthly. Minimum balance to avoid charge is $1,000.00.
Offer: If no e-statement
Qualified rate · 0.01% interest rate · Effective Aug 23, 2026
Rate by balance
Rate by balance for E-Savings Balance APY Any balance 0.01% $1,000 and upYour amount 0.20% Rate checked
More details - 0.20%APY$20 a year on $10,000
Requirements
Product: Interest paid quarterly. $10 quarterly fee if balance falls below $100. Unlimited withdrawals in person.
Offer: $10 quarterly fee if balance falls below $100.
0.10% interest rate · Effective Oct 15, 2024
Rate by balance
Rate by balance for Reliance Savings Balance APY $100 – $1,000 0.10% $1,000 – $5,000 0.10% $5,000 and upYour amount 0.20% Rate checked
More details - 0.18%APY$18 a year on $10,000
Requirements
Product: Quarterly fee of $8 applies if minimum daily balance of $50 is not maintained. 12 withdrawals allowed per quarter ($2 per withdrawal over 12).
Offer: Minimum opening deposit of $50. $8 quarterly fee if $50 daily balance is not maintained.
Rate checked
More details - Heritage BankMONEY MARKET SAVINGSMONEY MARKET SAVINGS · $0 min · 0.10%–0.20% by balance
Bank · 1 branch
0.15%APY$15 a year on $10,000Requirements
Product: Interest earned on a daily ledger balance. The interest rate and Annual Percentage Yield may change after account opening. Fees could reduce the earnings on the account.
Offer: Tier 1. Interest earned on a daily ledger balance. Interest rate and APY may change after account opening.
0.10% interest rate
Rate by balance
Rate by balance for MONEY MARKET SAVINGS Balance APY Up to $2,500 0.10% $2,500 – $10,000Tier 2. 0.12% $10,000 – $25,000Your amountTier 3. 0.15% $25,000 – $100,000Tier 4. 0.20% $100,000 and upTier 5. 0.20% Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: Minnesota and Wisconsin residents only. 12-month savings commitment with fees for early withdrawal. Limited to one WINcentive account per person; business and trust memberships are not eligible.
Offer: 12-month savings commitment. First early withdrawal fee is $10; second withdrawal fee is $25; third withdrawal closes account without fee. One no-penalty withdrawal permitted during anniversary month. Each $25 month-over-month balance increase earns an entry into cash prize drawings (max 4 entries/month, 12/quarter, 48/12-month period).
0.10% interest rate · No monthly fee · Effective Sep 3, 2025
Rate checked
More details - 0.10%APY$10 a year on $10,000with conditions
Requirements
Product: Requires at least one (1) electronic deposit during each calendar month in the amount of $15.00 or more.
Offer: Requires at least one electronic deposit each month of $15.00 or more.
Qualified rate · 0.50% interest rate · Effective Jun 1, 2024
Rate by balance
Rate by balance for Pay ME First Account Balance APY Up to $2,500 0.50% Over $2,500Your amount 0.10% Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: Affinity Plus membership required. No minimum balance requirement and no required term.
0.10% interest rate · No monthly fee · Effective Sep 3, 2025
Rate checked
More details - 0.10%APY$10 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: If monthly requirements are not met (applies to all balance tiers). Compounded monthly.
Qualified rate · 0.10% interest rate · Compounded monthly · No monthly fee · Effective Sep 3, 2025
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 Faribault, MN metro
26 accounts at 8 banks and credit unions · checked Oct 5–22
- Typical
- 0.10%
- Top 10% from
- 1.63%
- Banks, typical
- 0.10%
- Credit unions, typical
- 0.10%
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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