Best Checking Accounts & Rates in Minnesota - June 2026
Content reviewed by
Brian McKay
i
Editorial Disclosure
Brian McKay
Brian McKay
Founder & Data ArchitectExpertise
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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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Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
The best checking rates for Minnesota include Baxter Credit UnionBaxter Credit Union2 Scimed Pl, Maple Grove, MN 55311 1565A5.0 ★Texas Ratio: 7.04% PowerPlusTM Checking at 8.00% APY, Highland BankHighland Bank2100 Ford Pkwy, Saint Paul, MN 55116A+5.0 ★Texas Ratio: 1.01% Kasasa Cash Checking at 5.00% APY, Associated Healthcare Credit UnionAssociated Healthcare Credit Union360 Sherman St, Saint Paul, MN 55102A+5.0 ★Texas Ratio: 2.23% Dividend Checking at 5.00% APY, PSB of PlainviewPSB of Plainview100 4th Ave Se, Plainview, MN 55964A+5.0 ★Texas Ratio: 4.73% Express Checking with Interest at 5.00% APY, and SMW Financial Credit UnionSMW Financial Credit Union700 Apollo Dr, Lino Lakes, MN 55014 3035A+5.0 ★Texas Ratio: 1.01% Rewards Checking at 4.50% APY. Checking account rates as of June 11, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare checking account rates across Minnesota side-by-side. Minnesota checking rates currently reach as high as 8.00% APY from Baxter Credit Union at 2 Scimed Pl, Maple Grove, MN, 55311 1565. Rates are continually updated — we recommend checking back frequently.
Checking account rates reflect recent market quotes and representative offers available to depositors in Minnesota. Checking Account Rates Last Updated and Verified: June 11, 2026
Compare Checking Account Rates Today in Minnesota
Minnesota Checking Account Rates
Source: Verified Checking Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Baxter Credit Union
Maple Grove, MN 55311 1565
Institution Rating:
A5.0 ★ Texas Ratio: 7.04%
2 Scimed PlMaple Grove, MN 55311 1565
PowerPlusTM Checking
8.00%
$0
▼
Rate7.72%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
Level 2 on balances up to $15000
Highland Bank
Saint Paul, MN 55116
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
2100 Ford PkwySaint Paul, MN 55116
Kasasa Cash Checking
5.00%
$0
▼
Rate4.89%
Min Deposit$0
Min Balance—
UpdatedMay 29, 2026
Details
Qualifying balance up to $10,000.00
Associated Healthcare Credit Union
Saint Paul, MN 55102
Institution Rating:
A+5.0 ★ Texas Ratio: 2.23%
360 Sherman StSaint Paul, MN 55102
Dividend Checking
5.00%
$0
▼
Rate4.89%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
No additional details provided.
PSB of Plainview
Plainview, MN 55964
Institution Rating:
A+5.0 ★ Texas Ratio: 4.73%
100 4th Ave SePlainview, MN 55964
Express Checking with Interest
5.00%
$25
▼
Rate4.89%
Min Deposit$25
Min Balance—
UpdatedJun 4, 2026
Details
No additional details provided.
SMW Financial Credit Union
Lino Lakes, MN 55014 3035
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
700 Apollo DrLino Lakes, MN 55014 3035
Rewards Checking
4.50%
$100
▼
Rate4.41%
Min Deposit$100
Min Balance—
UpdatedMay 20, 2026
Details
Qualifying balance up to $20,000
Connexus Credit Union
Brooklyn Center, MN 55430
Institution Rating:
B-4.3 ★ Texas Ratio: 16.30%
5825 Xerxes Ave NBrooklyn Center, MN 55430
Xtraordinary Checking
4.50%
$0
▼
Rate4.41%
Min Deposit$0
Min Balance—
UpdatedJun 10, 2026
Details
No additional details provided.
Baxter Credit Union
Maple Grove, MN 55311 1565
Institution Rating:
A5.0 ★ Texas Ratio: 7.04%
2 Scimed PlMaple Grove, MN 55311 1565
PowerPlusTM Checking
4.00%
$0
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
Level 1 on balances up to $15000
TruStone Financial Credit Union
Plymouth, MN 55447
Institution Rating:
A+5.0 ★ Texas Ratio: 5.11%
14601 27th Ave NPlymouth, MN 55447
TruRate Checking
4.00%
$2,000
▼
Rate3.93%
Min Deposit$2,000
Min Balance—
UpdatedMay 20, 2026
Details
Qualifying balance up to $20,000.00
Heritage Bank N.A.
Raymond, MN 56282
Institution Rating:
A5.0 ★ Texas Ratio: 6.65%
202 Cofield St NRaymond, MN 56282
PAYROLL PLUS CHECKING ACCOUNT
3.04%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
Qualifying balance up to $100,000.00
SMW Financial Credit Union
Lino Lakes, MN 55014 3035
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
700 Apollo DrLino Lakes, MN 55014 3035
Rewards Checking
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
Qualifying balance up to $25,000.00
State Bank of Faribault
Faribault, MN 55021
Institution Rating:
A+5.0 ★ Texas Ratio: 3.71%
428 Central Ave NFaribault, MN 55021
E-CHECKING Tier 2
2.55%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
Tier 2
New Market Bank
Elko New Market, MN 55054
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
101 Old Town RdElko New Market, MN 55054
Rewards Checking
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedJun 4, 2026
Details
No additional details provided.
Southpoint Financial Credit Union
Sleepy Eye, MN 56085 4380
Institution Rating:
A+5.0 ★ Texas Ratio: 2.78%
920 Main St ESleepy Eye, MN 56085 4380
Shining Star Checking
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
Qualifications Required: eStatements; Direct Deposit of $500 or more monthly; 25 or more debit card purchases; *Variable rates. Rate may change after the account is open; Qualifying balance up to $20,000.00
Riverland Bank
Jordan, MN 55352
Institution Rating:
A5.0 ★ Texas Ratio: 7.67%
700 Seville DrJordan, MN 55352
Non-Profit Checking II
2.02%
$1,000
▼
Rate2.00%
Min Deposit$1,000
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
Heritage Bank N.A.
Raymond, MN 56282
Institution Rating:
A5.0 ★ Texas Ratio: 6.65%
202 Cofield St NRaymond, MN 56282
2.02%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
Qualifying Balances: $0.01 - $100,000
Leading Edge Credit Union
Fulda, MN 56131
Institution Rating:
A5.0 ★ Texas Ratio: 7.83%
205 N St Paul AveFulda, MN 56131
Advantage Checking
2.02%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
Qualifications Required
Reliance Bank
Faribault, MN 55021
Institution Rating:
A-4.9 ★ Texas Ratio: 15.70%
2300 30th St NwFaribault, MN 55021
Really Green Checking
2.01%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedJun 4, 2026
Details
Qualifying balance up to $100,000.99
Connexus Credit Union
Brooklyn Center, MN 55430
Institution Rating:
B-4.3 ★ Texas Ratio: 16.30%
5825 Xerxes Ave NBrooklyn Center, MN 55430
Teen Checking
2.00%
$0
▼
Rate1.99%
Min Deposit$0
Min Balance—
UpdatedJun 10, 2026
Details
No additional details provided.
Riverland Bank
Jordan, MN 55352
Institution Rating:
A5.0 ★ Texas Ratio: 7.67%
700 Seville DrJordan, MN 55352
Non-Profit Checking II
1.51%
$1,000
▼
Rate1.50%
Min Deposit$1,000
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
Novation Credit Union
Oakdale, MN 55128 7151
Institution Rating:
A+5.0 ★ Texas Ratio: 3.85%
500 Imperial Ave NOakdale, MN 55128 7151
Youth Checking
1.50%
$0
▼
Rate1.49%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
Qualifying balance up to $5,000
Powered by
MonitorBankRates
Minnesota High Yield Checking Rates
Source: Verified Checking Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Baxter Credit Union
Maple Grove, MN 55311 1565
Institution Rating:
A5.0 ★ Texas Ratio: 7.04%
2 Scimed PlMaple Grove, MN 55311 1565
PowerPlusTM Checking
8.00%
$0
▼
Rate7.72%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
Level 2 on balances up to $15000
Associated Healthcare Credit Union
Saint Paul, MN 55102
Institution Rating:
A+5.0 ★ Texas Ratio: 2.23%
360 Sherman StSaint Paul, MN 55102
Dividend Checking
5.00%
$0
▼
Rate4.89%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
No additional details provided.
Highland Bank
Saint Paul, MN 55116
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
2100 Ford PkwySaint Paul, MN 55116
Kasasa Cash Checking
5.00%
$0
▼
Rate4.89%
Min Deposit$0
Min Balance—
UpdatedMay 29, 2026
Details
Qualifying balance up to $10,000.00
PSB of Plainview
Plainview, MN 55964
Institution Rating:
A+5.0 ★ Texas Ratio: 4.73%
100 4th Ave SePlainview, MN 55964
Express Checking with Interest
5.00%
$25
▼
Rate4.89%
Min Deposit$25
Min Balance—
UpdatedJun 4, 2026
Details
No additional details provided.
Connexus Credit Union
Brooklyn Center, MN 55430
Institution Rating:
B-4.3 ★ Texas Ratio: 16.30%
5825 Xerxes Ave NBrooklyn Center, MN 55430
Xtraordinary Checking
4.50%
$0
▼
Rate4.41%
Min Deposit$0
Min Balance—
UpdatedJun 10, 2026
Details
No additional details provided.
SMW Financial Credit Union
Lino Lakes, MN 55014 3035
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
700 Apollo DrLino Lakes, MN 55014 3035
Rewards Checking
4.50%
$100
▼
Rate4.41%
Min Deposit$100
Min Balance—
UpdatedMay 20, 2026
Details
Qualifying balance up to $20,000
TruStone Financial Credit Union
Plymouth, MN 55447
Institution Rating:
A+5.0 ★ Texas Ratio: 5.11%
14601 27th Ave NPlymouth, MN 55447
TruRate Checking
4.00%
$2,000
▼
Rate3.93%
Min Deposit$2,000
Min Balance—
UpdatedMay 20, 2026
Details
Qualifying balance up to $20,000.00
Baxter Credit Union
Maple Grove, MN 55311 1565
Institution Rating:
A5.0 ★ Texas Ratio: 7.04%
2 Scimed PlMaple Grove, MN 55311 1565
PowerPlusTM Checking
4.00%
$0
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
Level 1 on balances up to $15000
Heritage Bank N.A.
Raymond, MN 56282
Institution Rating:
A5.0 ★ Texas Ratio: 6.65%
202 Cofield St NRaymond, MN 56282
PAYROLL PLUS CHECKING ACCOUNT
3.04%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
Qualifying balance up to $100,000.00
SMW Financial Credit Union
Lino Lakes, MN 55014 3035
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
700 Apollo DrLino Lakes, MN 55014 3035
Rewards Checking
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
Qualifying balance up to $25,000.00
State Bank of Faribault
Faribault, MN 55021
Institution Rating:
A+5.0 ★ Texas Ratio: 3.71%
428 Central Ave NFaribault, MN 55021
E-CHECKING Tier 2
2.55%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
Tier 2
New Market Bank
Elko New Market, MN 55054
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
101 Old Town RdElko New Market, MN 55054
Rewards Checking
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedJun 4, 2026
Details
No additional details provided.
Southpoint Financial Credit Union
Sleepy Eye, MN 56085 4380
Institution Rating:
A+5.0 ★ Texas Ratio: 2.78%
920 Main St ESleepy Eye, MN 56085 4380
Shining Star Checking
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
Qualifications Required: eStatements; Direct Deposit of $500 or more monthly; 25 or more debit card purchases; *Variable rates. Rate may change after the account is open; Qualifying balance up to $20,000.00
Heritage Bank N.A.
Raymond, MN 56282
Institution Rating:
A5.0 ★ Texas Ratio: 6.65%
202 Cofield St NRaymond, MN 56282
2.02%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
Qualifying Balances: $0.01 - $100,000
Leading Edge Credit Union
Fulda, MN 56131
Institution Rating:
A5.0 ★ Texas Ratio: 7.83%
205 N St Paul AveFulda, MN 56131
Advantage Checking
2.02%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
Qualifications Required
Riverland Bank
Jordan, MN 55352
Institution Rating:
A5.0 ★ Texas Ratio: 7.67%
700 Seville DrJordan, MN 55352
Non-Profit Checking II
2.02%
$1,000
▼
Rate2.00%
Min Deposit$1,000
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
Reliance Bank
Faribault, MN 55021
Institution Rating:
A-4.9 ★ Texas Ratio: 15.70%
2300 30th St NwFaribault, MN 55021
Really Green Checking
2.01%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedJun 4, 2026
Details
Qualifying balance up to $100,000.99
Connexus Credit Union
Brooklyn Center, MN 55430
Institution Rating:
B-4.3 ★ Texas Ratio: 16.30%
5825 Xerxes Ave NBrooklyn Center, MN 55430
Teen Checking
2.00%
$0
▼
Rate1.99%
Min Deposit$0
Min Balance—
UpdatedJun 10, 2026
Details
No additional details provided.
Riverland Bank
Jordan, MN 55352
Institution Rating:
A5.0 ★ Texas Ratio: 7.67%
700 Seville DrJordan, MN 55352
Non-Profit Checking II
1.51%
$1,000
▼
Rate1.50%
Min Deposit$1,000
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
Novation Credit Union
Oakdale, MN 55128 7151
Institution Rating:
A+5.0 ★ Texas Ratio: 3.85%
500 Imperial Ave NOakdale, MN 55128 7151
Incentive Checking
1.50%
$0
▼
Rate1.49%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
Qualifying balance up to $25,000
Powered by
MonitorBankRates
Minnesota Rewards Checking Rates
Source: Verified Checking Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Highland Bank
Saint Paul, MN 55116
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
2100 Ford PkwySaint Paul, MN 55116
Kasasa Cash Checking
5.00%
$0
▼
Rate4.89%
Min Deposit$0
Min Balance—
UpdatedMay 29, 2026
Details
Qualifying balance up to $10,000.00
SMW Financial Credit Union
Lino Lakes, MN 55014 3035
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
700 Apollo DrLino Lakes, MN 55014 3035
Rewards Checking
4.50%
$100
▼
Rate4.41%
Min Deposit$100
Min Balance—
UpdatedMay 20, 2026
Details
Qualifying balance up to $20,000
SMW Financial Credit Union
Lino Lakes, MN 55014 3035
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
700 Apollo DrLino Lakes, MN 55014 3035
Rewards Checking
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
Qualifying balance up to $25,000.00
New Market Bank
Elko New Market, MN 55054
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
101 Old Town RdElko New Market, MN 55054
Rewards Checking
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedJun 4, 2026
Details
No additional details provided.
FNB of Moose Lake
Moose Lake, MN 55767
Institution Rating:
A+5.0 ★ Texas Ratio: 2.71%
400 Elm AveMoose Lake, MN 55767
Rewards Checking
0.50%
$20,000
▼
Rate0.50%
Min Deposit$20,000
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
State Bank of Faribault
Faribault, MN 55021
Institution Rating:
A+5.0 ★ Texas Ratio: 3.71%
428 Central Ave NFaribault, MN 55021
REWARDS CHECKING PLUS
0.25%
$100
▼
Rate0.25%
Min Deposit$100
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
State Bank of Faribault
Faribault, MN 55021
Institution Rating:
A+5.0 ★ Texas Ratio: 3.71%
428 Central Ave NFaribault, MN 55021
REWARDS CHECKING PLUS
0.15%
$100
▼
Rate0.15%
Min Deposit$100
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
New Market Bank
Elko New Market, MN 55054
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
101 Old Town RdElko New Market, MN 55054
Rewards Checking
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedJun 4, 2026
Details
No additional details provided.
State Bank of Faribault
Faribault, MN 55021
Institution Rating:
A+5.0 ★ Texas Ratio: 3.71%
428 Central Ave NFaribault, MN 55021
REWARDS CHECKING PLUS
0.10%
$100
▼
Rate0.10%
Min Deposit$100
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
State Bank of Faribault
Faribault, MN 55021
Institution Rating:
A+5.0 ★ Texas Ratio: 3.71%
428 Central Ave NFaribault, MN 55021
REWARDS CHECKING PLUS
0.08%
$100
▼
Rate0.08%
Min Deposit$100
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
State Bank of Faribault
Faribault, MN 55021
Institution Rating:
A+5.0 ★ Texas Ratio: 3.71%
428 Central Ave NFaribault, MN 55021
REWARDS CHECKING PLUS
0.05%
$100
▼
Rate0.05%
Min Deposit$100
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
MidCountry Bank
Sanborn, MN 56083
Institution Rating:
B+4.8 ★ Texas Ratio: 17.71%
100 S Main StSanborn, MN 56083
Rewards4Me Checking
0.04%
$0
▼
Rate0.04%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
MidCountry Bank
Sanborn, MN 56083
Institution Rating:
B+4.8 ★ Texas Ratio: 17.71%
100 S Main StSanborn, MN 56083
Rewards4Me Checking
0.02%
$0
▼
Rate0.02%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
MidCountry Bank
Sanborn, MN 56083
Institution Rating:
B+4.8 ★ Texas Ratio: 17.71%
100 S Main StSanborn, MN 56083
Rewards4Me Checking
0.01%
$0
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
MidCountry Bank
Sanborn, MN 56083
Institution Rating:
B+4.8 ★ Texas Ratio: 17.71%
100 S Main StSanborn, MN 56083
Rewards4Me Checking
0.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
Powered by
MonitorBankRates
Minnesota Free Checking Rates
Source: Verified Checking Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Crow Wing Power Credit Union
Brainerd, MN 56401
Institution Rating:
A+5.0 ★ Texas Ratio: 1.17%
17330 State Highway 371Brainerd, MN 56401
Simple Checking
0.15%
$5
▼
Rate0.00%
Min Deposit$5
Min Balance—
UpdatedJun 11, 2026
Details
Dividend rate of .15% with average daily balance of $500 or more. No per-check or monthly service charge. Free Network ATMs. Instant Issue Debit Cards. Digital Wallet connected to your Debit Card. Free Visa Gift Cards. PowerTeller (Online Banking) and E-statements. No-fee overdraft transfers from Savings or Line of Credit. Online bill pay. No minimum balance required. No-fee Official Cashier Checks.
Transit Operations Federal Credit Union
MINNEAPOLIS, MN 55411
Institution Rating:
A-5.0 ★ Texas Ratio: 14.25%
725 N 7TH STMINNEAPOLIS, MN 55411
Share Draft (free Checking)
0.10%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedJun 9, 2026
Details
The average balance to earn dividends for the month is $1000.
Unity One Credit Union
Maplewood, MN 55109
Institution Rating:
A+5.0 ★ Texas Ratio: 3.61%
1535 Beam AveMaplewood, MN 55109
Best Free Checking
0.01%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
No additional details provided.
Wakota Federal Credit Union
South St Paul, MN 55075
Institution Rating:
A+5.0 ★ Texas Ratio: 4.55%
1151 Southview BlvdSouth St Paul, MN 55075
Basic Checking
0.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedJun 9, 2026
Details
No additional details provided.
Leading Edge Credit Union
Fulda, MN 56131
Institution Rating:
A5.0 ★ Texas Ratio: 7.83%
205 N St Paul AveFulda, MN 56131
Basic Checking
0.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 23, 2026
Details
No additional details provided.
Unity One Credit Union
Maplewood, MN 55109
Institution Rating:
A+5.0 ★ Texas Ratio: 3.61%
1535 Beam AveMaplewood, MN 55109
Best Free Checking
0.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
Qualifying balance up to $2,499.99
Metropolitan Services Credit Union
Saint Paul, MN 55106 5845
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
475 Etna St Ste 10Saint Paul, MN 55106 5845
Basic Checking
0.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
No additional details provided.
Powered by
MonitorBankRates
Minnesota Student Checking Rates
Source: Verified Checking Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Connexus Credit Union
Brooklyn Center, MN 55430
Institution Rating:
B-4.3 ★ Texas Ratio: 16.30%
5825 Xerxes Ave NBrooklyn Center, MN 55430
Teen Checking
2.00%
$0
▼
Rate1.99%
Min Deposit$0
Min Balance—
UpdatedJun 10, 2026
Details
No additional details provided.
Novation Credit Union
Oakdale, MN 55128 7151
Institution Rating:
A+5.0 ★ Texas Ratio: 3.85%
500 Imperial Ave NOakdale, MN 55128 7151
Youth Checking
1.50%
$0
▼
Rate1.49%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
Qualifying balance up to $5,000
TruStone Financial Credit Union
Plymouth, MN 55447
Institution Rating:
A+5.0 ★ Texas Ratio: 5.11%
14601 27th Ave NPlymouth, MN 55447
Moneywise Teen Checking
0.00%
$5
▼
Rate0.00%
Min Deposit$5
Min Balance—
UpdatedMay 20, 2026
Details
No additional details provided.
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MonitorBankRates
Minnesota Business Checking Rates
Source: Verified Checking Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Cornerstone State Bank
Madison Lake, MN 56063
Institution Rating:
A+5.0 ★ Texas Ratio: 0.88%
500 Main StMadison Lake, MN 56063
CornerStone Regular Business Checking Business
1.01%
$0
▼
Rate1.00%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
Mid Minnesota Federal Credit Union
Baxter, MN 56425 8554
Institution Rating:
A+5.0 ★ Texas Ratio: 3.13%
13283 Isle DrBaxter, MN 56425 8554
Non-Profit Business Checking Account Business
1.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
No additional details provided.
Foresight Bank
Plainview, MN 55964
Institution Rating:
A+5.0 ★ Texas Ratio: 4.40%
138 W BroadwayPlainview, MN 55964
Strategy Checking Business, Non-Profit, Government Business
0.85%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
Cornerstone State Bank
Madison Lake, MN 56063
Institution Rating:
A+5.0 ★ Texas Ratio: 0.88%
500 Main StMadison Lake, MN 56063
CornerStone Regular Business Checking Business
0.75%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
Foresight Bank
Plainview, MN 55964
Institution Rating:
A+5.0 ★ Texas Ratio: 4.40%
138 W BroadwayPlainview, MN 55964
Strategy Checking Business, Non-Profit, Government Business
0.75%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
Cornerstone State Bank
Madison Lake, MN 56063
Institution Rating:
A+5.0 ★ Texas Ratio: 0.88%
500 Main StMadison Lake, MN 56063
CornerStone Regular Business Checking Business
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
Foresight Bank
Plainview, MN 55964
Institution Rating:
A+5.0 ★ Texas Ratio: 4.40%
138 W BroadwayPlainview, MN 55964
Strategy Checking Business, Non-Profit, Government Business
0.35%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
Root River State Bank
Chatfield, MN 55923
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
18 3rd St SeChatfield, MN 55923
Heritage Business Checking Business
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
Balance range: $2,500 or more
Foresight Bank
Plainview, MN 55964
Institution Rating:
A+5.0 ★ Texas Ratio: 4.40%
138 W BroadwayPlainview, MN 55964
Progress Checking Business, Non-Profit, Government Business
0.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
Baxter Credit Union
Maple Grove, MN 55311 1565
Institution Rating:
A5.0 ★ Texas Ratio: 7.04%
2 Scimed PlMaple Grove, MN 55311 1565
Premier Business Checking Business
0.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
No additional details provided.
Root River State Bank
Chatfield, MN 55923
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
18 3rd St SeChatfield, MN 55923
Heritage Business Checking Business
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
Balance range: $2,499.99 or less
Foresight Bank
Plainview, MN 55964
Institution Rating:
A+5.0 ★ Texas Ratio: 4.40%
138 W BroadwayPlainview, MN 55964
Progress Checking Business, Non-Profit, Government Business
0.20%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
Mid Minnesota Federal Credit Union
Baxter, MN 56425 8554
Institution Rating:
A+5.0 ★ Texas Ratio: 3.13%
13283 Isle DrBaxter, MN 56425 8554
Business Dividend Checking Business
0.20%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
No additional details provided.
Genisys Credit Union
Eagan, MN 55121 7707
Institution Rating:
A+5.0 ★ Texas Ratio: 4.68%
3300 Central Park Village DrEagan, MN 55121 7707
Business Checking Plus Business
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
No additional details provided.
Southpoint Financial Credit Union
Sleepy Eye, MN 56085 4380
Institution Rating:
A+5.0 ★ Texas Ratio: 2.78%
920 Main St ESleepy Eye, MN 56085 4380
Business Checking Business
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
No additional details provided.
Foresight Bank
Plainview, MN 55964
Institution Rating:
A+5.0 ★ Texas Ratio: 4.40%
138 W BroadwayPlainview, MN 55964
Progress Checking Business, Non-Profit, Government Business
0.15%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
New Market Bank
Elko New Market, MN 55054
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
101 Old Town RdElko New Market, MN 55054
Business Checking Business
0.13%
$0
▼
Rate0.13%
Min Deposit$0
Min Balance—
UpdatedJun 4, 2026
Details
No additional details provided.
Bell Bank
Hawley, MN 56549
Institution Rating:
A+5.0 ★ Texas Ratio: 2.41%
1018 Hobart StHawley, MN 56549
Premier Business Interest Checking Business
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
Bell Bank
Hawley, MN 56549
Institution Rating:
A+5.0 ★ Texas Ratio: 2.41%
1018 Hobart StHawley, MN 56549
Business Interest Checking Business
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
No additional details provided.
Mid Minnesota Federal Credit Union
Baxter, MN 56425 8554
Institution Rating:
A+5.0 ★ Texas Ratio: 3.13%
13283 Isle DrBaxter, MN 56425 8554
Business Dividend Checking Business
0.10%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 22, 2026
Details
No additional details provided.
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MonitorBankRates
Minnesota Checking Rate Trends
Compare local Minnesota checking rate quotes against the statewide average
Daily checking rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
High-Yield Checking — MN Avg
1.770%
▼ 0.264 vs 7 days ago
Minnesota high-yield checking rates fell 0.264 points over the past 7 days to 1.770% APY.
Free Checking — MN Avg
1.119%
▲ 0.142 vs 7 days ago
Minnesota free checking rates rose 0.142 points over the past 7 days to 1.119% APY.
As of Jun 12, 2026 • Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Minnesota checking rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Checking Rate Data: We aggregate checking account rates for Minnesota directly from the official websites of banks and credit unions using a combination of our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing this data from the institutions’ own digital properties and manually verifying the yields daily, we ensure that every checking rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems and team constantly monitor the market to provide a complete picture of available yields in Minnesota. We feature a comprehensive mix of financial institutions, allowing you to easily compare localized checking rates from neighborhood credit unions, competitive offers from mid-sized regional banks, and high-yield checking accounts available to account holders in MN.
Daily Updates & Time-Stamped Accuracy: To maintain the highest level of data integrity, our rate updaters verify and update checking rates daily. Because checking account yields can fluctuate based on market conditions, every single checking product listed on our platform features its own specific “last updated” date.
Frequently Asked Questions
Do checking accounts in Minnesota earn interest?
Most traditional local checking accounts in Minnesota earn 0% interest. However, High-Yield Checking or Rewards Checking accounts from online banks and select local credit unions can pay interest rates comparable to savings accounts.
Are banks in Minnesota FDIC insured?
Yes. Legitimate banks with branches in Minnesota are FDIC insured up to $250,000 per depositor. Local Credit Unions are similarly insured by the NCUA.
What fees should I watch out for?
Common fees include Monthly Maintenance Fees (often waivable with direct deposit), Overdraft Fees, and Out-of-Network ATM fees. We recommend looking for “Free Checking” accounts that explicitly state no monthly fees.
What is a Rewards Checking account?
Rewards Checking accounts (sometimes called Kasasa accounts) offer high interest rates or cash back on debit card purchases in exchange for meeting monthly requirements like a minimum number of debit card transactions, direct deposit enrollment, or e-statement signup.
Best Checking Rates in Minnesota
Based on our current data, some of the highest checking account APYs available to residents of Minnesota include:
- Baxter Credit Union
PowerPlusTM Checking — 8.00% APY - Highland Bank
Kasasa Cash Checking — 5.00% APY - Associated Healthcare Credit Union
Dividend Checking — 5.00% APY - PSB of Plainview
Express Checking with Interest — 5.00% APY - SMW Financial Credit Union
Rewards Checking — 4.50% APY
Checking Account Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Minnesota. Your final available rate may depend on qualifying activity and daily market movements. Last Updated and Verified: June 11, 2026
Checking Account Rates by City in Minnesota
Rate Assistant
MonitorBankRates.com · Live Data
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