State Bank of Faribault 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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State Bank of Faribault's savings rates are at 0.01%. You can compare State Bank of Faribault rates to other rates in our database, including 12-month CD rates currently at 3.34%, 6-month CD rates at 3.56% and 3-month CD rates at 0.10%. Savings rates are at 1.26% and money market rates are at 0.05%. Mortgage rates on 30-year fixed loans are around 5.61%. All these rates, and more, can be found in our database of rates which you can compare to State Bank of Faribault rates.
Rate Updates and AvailabilityState Bank of Faribault 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 State Bank of Faribault? Share your experience about State Bank of Faribault by leaving a review below, or read customer reviews before you decide to use State Bank of Faribault. State Bank of Faribault Texas RatioState Bank of Faribault's Texas Ratio is at 4.02%, which is considered excellent. The Texas Ratio for State Bank of Faribault is lower 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
State Bank of Faribault 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, State Bank of Faribault 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. 
State Bank of Faribault Savings Rates
State Bank of Faribault Checking Rates
Methodology & Data SourcesMonitorBankRates Star Rating: Our rating for State Bank of Faribault 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 State Bank of Faribault 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 State Bank of Faribault's official website for the most current offers and terms.
Bank Profile & OverviewState Bank of Faribault
428 Central Ave NFaribault, MN 55021 Rice Established Date: 11/14/1919 FDIC Certificate #: 1610 Date of FDIC Deposit Insurance: 01/01/1934 Bank Holding Company: FARIBAULT BANCSHARES INC How Many Domestic U.S. Offices? 3 How Many Branches are There? 3 Website: https://www.tsbf.com
Is State Bank of Faribault FDIC Insured? Yes
What is State Bank of Faribault's Cert number? 1610
What is the maximum amount for insured deposits? $250,000 per holder, per account
Financial Health & AssetsTotal Assets:
$298,996,000
Total Deposits:
$281,834,000
Equity Capital:
$13,641,000
Net Income:
$266,000
Return on Assets (ROA):
0.8071%
Return on Equity (ROE):
21.5800%
Headquarters:
Faribault
Regulator:
FDIC
# of Offices:
3
Source: FDIC | Last Updated 03/31/2024
Customer ReviewsThere are no reviews for State Bank of Faribault yet. Feel free to create one below.
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Frequently Asked Questions About State Bank of FaribaultHow do I open an account at State Bank of Faribault?You can typically open an account at State Bank of Faribault by visiting a local branch or applying through their official website. Is there a first-time homebuyer program?Currently, State Bank of Faribault provides a range of mortgage and home equity products. Is State Bank of Faribault a safe place to deposit money?Yes, State Bank of Faribault is considered a safe financial institution. Your accounts are federally insured by the FDIC up to $250,000 per depositor. Does State Bank of Faribault offer online and mobile banking?Most modern institutions like State Bank of Faribault provide digital access including online balance checks and transfers. Compare to other Banks |
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