Luminate Bank Rates and Review February 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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Rate Updates and AvailabilityLuminate Bank money market rates, and other rates, are continually updated to reflect market conditions, we recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Luminate Bank? Share your experience about Luminate Bank by leaving a review below, or read customer reviews before you decide to use Luminate Bank. Luminate Bank Texas RatioLuminate Bank's Texas Ratio is at 11.35%, which is considered excellent. The Texas Ratio for Luminate Bank is higher than the national average of all banks, currently at 6.13%. The Texas Ratio was developed in the early 1980s, and it is used to identify potential problem banks. Banks that have a Texas Ratio of 100% or more have a high chance of failing. MonitorBankRates Rating
5.0
Excellent
Out of 5.0 Stars
Luminate Bank has earned a Smart Rating of 5.0 out of 5 stars. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions. Overall, Luminate Bank is a excellent bank worth considering, with an overall rating of 5.0 stars out of 5 stars. Current Interest RatesRate
APY/APR
vs. Avg
"N/A" indicates the product is not offered or the rate is unavailable. 
Current Rate AvailabilityWe do not have Luminate Bank rates right now, but we are constantly updating our database so check back often for updated rates. Methodology & Data SourcesMonitorBankRates Star Rating: Our rating for Luminate Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions. Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health. Rate Data Aggregation: We gather Luminate Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with Luminate Bank's official website for the most current offers and terms.
Bank Profile & OverviewLuminate Bank
2523 South Wayzata BoulevardMinneapolis, MN 55405 Hennepin Established Date: 03/01/1937 FDIC Certificate #: 16635 Date of FDIC Deposit Insurance: 10/20/1947 Bank Holding Company: LUMINATE CAPITAL CORP How Many Domestic U.S. Offices? 2 How Many Branches are There? 2 Website: https://www.luminate.bank
Is Luminate Bank FDIC Insured? Yes
What is Luminate Bank's Cert number? 16635
What is the maximum amount for insured deposits? $250,000 per holder, per account
Financial Health & AssetsTotal Assets:
$225,312,000
Total Deposits:
$167,635,000
Equity Capital:
$33,370,000
Net Income:
$1,898,000
Return on Assets (ROA):
4.0134%
Return on Equity (ROE):
30.2800%
Headquarters:
Minneapolis
Regulator:
FDIC
# of Offices:
2
Source: FDIC | Last Updated 03/31/2024
Frequently Asked Questions About Luminate BankHow do I open an account at Luminate Bank?You can typically open an account at Luminate Bank by visiting a local branch or applying through their official website. Is there a first-time homebuyer program?Currently, Luminate Bank provides a range of mortgage and home equity products. Is Luminate Bank a safe place to deposit money?Yes, Luminate Bank is considered a safe financial institution. Your accounts are federally insured by the FDIC up to $250,000 per depositor. Does Luminate Bank offer online and mobile banking?Most modern institutions like Luminate Bank provide digital access including online balance checks and transfers. Compare to other Banks |
You can compare Luminate Bank rates to other rates in our database, including 12-month CD rates currently at 3.80%, 6-month CD rates at 0.10% and 3-month CD rates at 2.48%. Savings rates are at 0.05% and money market rates are at 0.45%. Mortgage rates on 30-year fixed loans are around 6.24%. All these rates, and more, can be found in our database of rates which you can compare to 
