Best Checking Accounts & Rates in Minnesota - May 2026
Content reviewed by
Brian McKay
i
Editorial Disclosure
Brian McKay
Brian McKay
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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 Level 2 at 8.00% APY, Genisys Credit UnionGenisys Credit Union3300 Central Park Village Dr, Eagan, MN 55121 7707A+5.0 ★Texas Ratio: 4.68% Genius High Yield Checking at 6.75% APY, SharePoint Credit UnionSharePoint Credit Union3670 AQUILA AVE S, SAINT LOUIS PARK, MN 55426A+5.0 ★Texas Ratio: 4.43% Premier Rate Checking - Introductory Rate 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, and Highland BankHighland Bank2100 Ford Pkwy, Saint Paul, MN 55116A+5.0 ★Texas Ratio: 1.01% Kasasa Cash Checking at 5.00% APY. Checking account rates as of May 21, 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: May 21, 2026
Compare Checking Account Rates Today in Minnesota
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 Level 2
8.00%
$0
▼
Rate7.72%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
Qualifying balance up to $15000
Genisys Credit Union
Eagan, MN 55121 7707
Institution Rating:
A+5.0 ★ Texas Ratio: 4.68%
3300 Central Park Village DrEagan, MN 55121 7707
Genius High Yield Checking
6.75%
$0
▼
Rate6.55%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
Qualifications Required; Qualifying balance up to $7,500.00
SharePoint Credit Union
SAINT LOUIS PARK, MN 55426
Institution Rating:
A+5.0 ★ Texas Ratio: 4.43%
3670 AQUILA AVE SSAINT LOUIS PARK, MN 55426
Premier Rate Checking - Introductory Rate
5.00%
$0
▼
Rate4.88%
Min Deposit$0
Min Balance—
UpdatedMay 18, 2026
Details
No additional details provided.
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 18, 2026
Details
Qualifying balance up to $5,000.00
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 17, 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—
UpdatedMay 21, 2026
Details
Qualifying balance up to $25,000.00
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
North Shore Bank of Commerce
Duluth, MN 55802
Institution Rating:
A+5.0 ★ Texas Ratio: 2.16%
131 W Superior StDuluth, MN 55802
Hero Checking
4.50%
$0
▼
Rate4.41%
Min Deposit$0
Min Balance—
UpdatedMay 17, 2026
Details
No additional details provided.
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
Center National Bank
Litchfield, MN 55355
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
301 N Ramsey AveLitchfield, MN 55355
CENTER REWARDS CHECKING ACCOUNT
4.00%
$0
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedMay 21, 2026
Details
Qualifying balance up to $15,000.00
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 Level 1
4.00%
$0
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
Qualifying balance up to $15000
Minnstar Bank
Lake Crystal, MN 56055
Institution Rating:
A+5.0 ★ Texas Ratio: 0.41%
202 N Main StLake Crystal, MN 56055
Interest Rewards Checking
3.09%
$0
▼
Rate3.05%
Min Deposit$0
Min Balance—
UpdatedMay 17, 2026
Details
Qualifications Required; Qualifying balance up to $15,000.00
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—
UpdatedMay 21, 2026
Details
Qualifying balance up to $100,000.00
Expedition Credit Union
Apple Valley, MN 55124
Institution Rating:
A+5.0 ★ Texas Ratio: 2.24%
14989 Florence TrlApple Valley, MN 55124
High Yield Checking
3.04%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMay 18, 2026
Details
Qualifying balance up to $19,999.99
Forward Bank
Lake City, MN 55041
Institution Rating:
A+5.0 ★ Texas Ratio: 2.17%
201 E Marion StLake City, MN 55041
3.03%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMay 17, 2026
Details
Qualifications Required; Qualifying balance up to $15,000.00
Forward Bank
Lake City, MN 55041
Institution Rating:
A+5.0 ★ Texas Ratio: 2.17%
201 E Marion StLake City, MN 55041
Momentum Checking
3.03%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMay 17, 2026
Details
Qualifications Required; Qualifying balance up to $15,000.00
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
VisionBank Saint Louis Park, MN
Saint Louis Park, MN 55416
Institution Rating:
A5.0 ★ Texas Ratio: 12.22%
3059 Joppa Ave SSaint Louis Park, MN 55416
Sky Checking - Non Profits
3.00%
$1,000
▼
Rate2.96%
Min Deposit$1,000
Min Balance—
UpdatedMay 17, 2026
Details
Qualifying balance up to $3,000,000.00
State Bank of Faribault
Faribault, MN 55021
Institution Rating:
A+5.0 ★ Texas Ratio: 3.71%
428 Central Ave NFaribault, MN 55021
E-CHECKING
2.55%
$100
▼
Rate2.50%
Min Deposit$100
Min Balance—
UpdatedMay 21, 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
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedMay 21, 2026
Details
Qualifying balance up to $10,000.00
Powered by
MonitorBankRates
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 Level 2
8.00%
$0
▼
Rate7.72%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
Qualifying balance up to $15000
Genisys Credit Union
Eagan, MN 55121 7707
Institution Rating:
A+5.0 ★ Texas Ratio: 4.68%
3300 Central Park Village DrEagan, MN 55121 7707
Genius High Yield Checking
6.75%
$0
▼
Rate6.55%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
Qualifications Required; Qualifying balance up to $7,500.00
SharePoint Credit Union
SAINT LOUIS PARK, MN 55426
Institution Rating:
A+5.0 ★ Texas Ratio: 4.43%
3670 AQUILA AVE SSAINT LOUIS PARK, MN 55426
Premier Rate Checking - Introductory Rate
5.00%
$0
▼
Rate4.88%
Min Deposit$0
Min Balance—
UpdatedMay 18, 2026
Details
No additional details provided.
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 18, 2026
Details
Qualifying balance up to $5,000.00
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 17, 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—
UpdatedMay 21, 2026
Details
Qualifying balance up to $25,000.00
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
North Shore Bank of Commerce
Duluth, MN 55802
Institution Rating:
A+5.0 ★ Texas Ratio: 2.16%
131 W Superior StDuluth, MN 55802
Hero Checking
4.50%
$0
▼
Rate4.41%
Min Deposit$0
Min Balance—
UpdatedMay 17, 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 Level 1
4.00%
$0
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
Qualifying balance 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
Center National Bank
Litchfield, MN 55355
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
301 N Ramsey AveLitchfield, MN 55355
CENTER REWARDS CHECKING ACCOUNT
4.00%
$0
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedMay 21, 2026
Details
Qualifying balance up to $15,000.00
Minnstar Bank
Lake Crystal, MN 56055
Institution Rating:
A+5.0 ★ Texas Ratio: 0.41%
202 N Main StLake Crystal, MN 56055
Interest Rewards Checking
3.09%
$0
▼
Rate3.05%
Min Deposit$0
Min Balance—
UpdatedMay 17, 2026
Details
Qualifications Required; Qualifying balance up to $15,000.00
Expedition Credit Union
Apple Valley, MN 55124
Institution Rating:
A+5.0 ★ Texas Ratio: 2.24%
14989 Florence TrlApple Valley, MN 55124
High Yield Checking
3.04%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMay 18, 2026
Details
Qualifying balance up to $19,999.99
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—
UpdatedMay 21, 2026
Details
Qualifying balance up to $100,000.00
Forward Bank
Lake City, MN 55041
Institution Rating:
A+5.0 ★ Texas Ratio: 2.17%
201 E Marion StLake City, MN 55041
3.03%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMay 17, 2026
Details
Qualifications Required; Qualifying balance up to $15,000.00
Forward Bank
Lake City, MN 55041
Institution Rating:
A+5.0 ★ Texas Ratio: 2.17%
201 E Marion StLake City, MN 55041
Momentum Checking
3.03%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMay 17, 2026
Details
Qualifications Required; Qualifying balance up to $15,000.00
VisionBank Saint Louis Park, MN
Saint Louis Park, MN 55416
Institution Rating:
A5.0 ★ Texas Ratio: 12.22%
3059 Joppa Ave SSaint Louis Park, MN 55416
Sky Checking - Non Profits
3.00%
$1,000
▼
Rate2.96%
Min Deposit$1,000
Min Balance—
UpdatedMay 17, 2026
Details
Qualifying balance up to $3,000,000.00
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
2.55%
$100
▼
Rate2.50%
Min Deposit$100
Min Balance—
UpdatedMay 21, 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
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedMay 21, 2026
Details
Qualifying balance up to $10,000.00
Powered by
MonitorBankRates
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 17, 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
Center National Bank
Litchfield, MN 55355
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
301 N Ramsey AveLitchfield, MN 55355
CENTER REWARDS CHECKING ACCOUNT
4.00%
$0
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedMay 21, 2026
Details
Qualifying balance up to $15,000.00
Minnstar Bank
Lake Crystal, MN 56055
Institution Rating:
A+5.0 ★ Texas Ratio: 0.41%
202 N Main StLake Crystal, MN 56055
Interest Rewards Checking
3.09%
$0
▼
Rate3.05%
Min Deposit$0
Min Balance—
UpdatedMay 17, 2026
Details
Qualifications Required; Qualifying balance up to $15,000.00
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
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—
UpdatedMay 21, 2026
Details
Qualifying balance up to $10,000.00
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—
UpdatedMay 21, 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—
UpdatedMay 21, 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—
UpdatedMay 21, 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—
UpdatedMay 21, 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—
UpdatedMay 21, 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—
UpdatedMay 21, 2026
Details
No additional details provided.
Powered by
MonitorBankRates
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%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMay 20, 2026
Details
dividend with average daily balance of $500 or more
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—
UpdatedMay 17, 2026
Details
No additional details provided.
Expedition Credit Union
Apple Valley, MN 55124
Institution Rating:
A+5.0 ★ Texas Ratio: 2.24%
14989 Florence TrlApple Valley, MN 55124
Basic Checking
0.05%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 18, 2026
Details
1
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.
Genisys Credit Union
Eagan, MN 55121 7707
Institution Rating:
A+5.0 ★ Texas Ratio: 4.68%
3300 Central Park Village DrEagan, MN 55121 7707
Basic Checking
0.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 20, 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.
Northwoods Credit Union
Cloquet, MN 55720
Institution Rating:
A+5.0 ★ Texas Ratio: 3.43%
1702 Avenue BCloquet, MN 55720
Basic Checking
0.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMay 18, 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—
UpdatedMay 17, 2026
Details
No additional details provided.
Powered by
MonitorBankRates
Source: Verified Checking Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
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.
Powered by
MonitorBankRates
Source: Verified Checking Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
VisionBank Saint Louis Park, MN
Saint Louis Park, MN 55416
Institution Rating:
A5.0 ★ Texas Ratio: 12.22%
3059 Joppa Ave SSaint Louis Park, MN 55416
Premium Business Checking Business
2.00%
$500
▼
Rate1.98%
Min Deposit$500
Min Balance—
UpdatedMay 17, 2026
Details
Qualifying balance up to $499.99
Harvest Bank
Atwater, MN 56209
Institution Rating:
A5.0 ★ Texas Ratio: 13.27%
222 Atlantic AveAtwater, MN 56209
Business Interest Checking Business
1.50%
$0
▼
Rate1.49%
Min Deposit$0
Min Balance—
UpdatedMay 17, 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
1.01%
$0
▼
Rate1.00%
Min Deposit$0
Min Balance—
UpdatedMay 21, 2026
Details
$150,000+
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 17, 2026
Details
No additional details provided.
Harvest Bank
Atwater, MN 56209
Institution Rating:
A5.0 ★ Texas Ratio: 13.27%
222 Atlantic AveAtwater, MN 56209
Business Interest Checking Business
0.95%
$0
▼
Rate0.95%
Min Deposit$0
Min Balance—
UpdatedMay 17, 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—
UpdatedMay 21, 2026
Details
$75,000 to $149,999.99
Harvest Bank
Atwater, MN 56209
Institution Rating:
A5.0 ★ Texas Ratio: 13.27%
222 Atlantic AveAtwater, MN 56209
Business Interest Checking Business
0.60%
$0
▼
Rate0.60%
Min Deposit$0
Min Balance—
UpdatedMay 17, 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—
UpdatedMay 21, 2026
Details
$0.01 to $24,999.99
Harvest Bank
Atwater, MN 56209
Institution Rating:
A5.0 ★ Texas Ratio: 13.27%
222 Atlantic AveAtwater, MN 56209
Business Interest Checking Business
0.35%
$0
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMay 17, 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—
UpdatedMay 21, 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
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMay 20, 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—
UpdatedMay 21, 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 17, 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—
UpdatedMay 20, 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.
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—
UpdatedMay 21, 2026
Details
No additional details provided.
The Bank of Elk River
Elk River, MN 55330
Institution Rating:
A+5.0 ★ Texas Ratio: 5.00%
630 Main St NwElk River, MN 55330
Business Checking Business
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMay 17, 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 17, 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—
UpdatedMay 21, 2026
Details
No additional details provided.
Grand Rapids SB
Grand Rapids, MN 55744
Institution Rating:
A5.0 ★ Texas Ratio: 9.12%
523 Nw 1st AveGrand Rapids, MN 55744
Business Interest Checking Business
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMay 21, 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
1.801%
▲ 0.507 vs 7 days ago
Minnesota high-yield checking rates rose 0.507 points over the past 7 days to 1.801% APY.
Free Checking — MN Avg
1.010%
▲ 0.094 vs 7 days ago
Minnesota free checking rates rose 0.094 points over the past 7 days to 1.010% APY.
As of May 22, 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 Level 2 — 8.00% APY - Genisys Credit Union
Genius High Yield Checking — 6.75% APY - SharePoint Credit Union
Premier Rate Checking - Introductory Rate — 5.00% APY - Associated Healthcare Credit Union
Dividend Checking — 5.00% APY - Highland Bank
Kasasa Cash Checking — 5.00% 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: May 21, 2026
Checking Account Rates by City in Minnesota
Rate Assistant
MonitorBankRates.com · Live Data
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