Minnesota Money Market Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Minnesota money market deposit account rates include Ameriprise FinancialAmeriprise Financial901 3rd Avenue South, Minneapolis, MN 55402B+3.8 ★Texas Ratio: 0.33%Real return: +1.20%APY minus 2.8% CPI (February 2026) Ameriprise Insured Money Market Account (AIMMA) at 4.00% APY, VisionBank Saint Louis Park, MNVisionBank Saint Louis Park, MN3059 Joppa Ave S, Saint Louis Park, MN 55416B4.4 ★Texas Ratio: 21.92%Real return: +0.96%APY minus 2.8% CPI (February 2026) Premium Money Market Business at 3.76% APY, Security State Bank of MarineSecurity State Bank of Marine120 Judd St, Marine On St Croix, MN 55047A+5.0 ★Texas Ratio: 0.92%Real return: +0.76%APY minus 2.8% CPI (February 2026) Money Market Platinum at 3.56% APY, PSB of PlainviewPSB of Plainview100 4th Ave Se, Plainview, MN 55964A-4.7 ★Texas Ratio: 9.93%Real return: +0.75%APY minus 2.8% CPI (February 2026) Money Market Checking at 3.55% APY, and Federated Employees Credit UnionFederated Employees Credit Union1929 S Cedar Ave, Owatonna, MN 55060 4301A+5.0 ★Texas Ratio: 0.50%Real return: +0.75%APY minus 2.8% CPI (February 2026) Money Market at 3.55% APY. Money market rates as of September 21, 2026 according to verified data from MonitorBankRates.
Use the tables below to compare money market rates across Minnesota side-by-side. Minnesota money market rates currently reach as high as 4.00% APY from Ameriprise Financial at 901 3rd Avenue South, Minneapolis, MN 55402. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Minnesota and surrounding area. Last Updated and Verified: September 21, 2026
Compare the Best Money Market Rates Today in Minnesota
Rates paid by unaffiliated banks in the program were up to 4.00% as of December 16, 2025. Rates are subject to daily change. Not all rate updates occur simultaneously.
Balance: $500,000
Balance: $35,000+
Balance: $75,000 or more
Annual Percentage Yield (APY) is accurate as of 04/07/2026 and may change after account opening. The APY assumes the funds remain on deposit for one year at the current interest rate. Fees could reduce earnings. $10,000 average ledger balance required to avoid $10 monthly service charge, CLICK HERE for complete details.
$15,000+; Intro rate
$15,000+ Intro rate APY; Dividend Rate
Balance: $5,000,000 And Greater
Balance: $35,000+
Balance: $1,000,000+; Minimum balance required for Premium Money Market Savings to earn stated rate is $20,000. APY is accurate as of specified date. Rate may change after account is opened.
Balance: $25,000.00 to $2,000,000.99
Balance: $25,000.00 to $2,000,000.99
Balance: $25,000.00 to $2,000,000.99
Balance: $25,000.00 to $2,000,000.99
Balance: $1,000,000 - $4,999,999.99 ~++; Daily Balance
Balance: $1,000,000 - $4,999,999.99 ~++; **
APY on Rise Money Market is 3.25% on balances of $25,000 and greater. Fees may reduce earnings. Rates are subject to change at any time.
Balance: $5,000,000 or more
Balance: $3,000,000 - $4,999,999.99
Balance: $10,000 - $34,999.99
Balance: $50,000.00 or more. APY is based on 3-month US Treasury rate minus a margin of 0.50%. Rate subject to change monthly.
Balance: $50,000 - $74,999.99
Balance: $500,000 - $999,999.99 ~++; Daily Balance
Balance: $500,000 - $999,999.99~++; **
Balance: $2,500,000 - $4,999,999.99
Balance: $250 - $9,999.99
Balance: $750,000 - $999,999.99; Minimum balance required for Premium Money Market Savings to earn stated rate is $20,000. APY is accurate as of specified date. Rate may change after account is opened.
Balance: $100,000 and up
Balance: $250,000 - $499,999
Balance: $250,000+
Balance: $1,000,000 and over
Balance: $250 - $9,999.99
Balance: $25,000.00 to $99,999.99
Balance: $1,000,000 and over
Balance: $1,000,000 and over
Balance: $100,000 and over
Balances of $25,000+
Balances over $25,000; Qualifications Required; If requirements are met
Balance: $200,000+
Balance: $1,000,000 - $2,499,999.99
Balance: $1,000,000 or more
Balance: $1,000,000 - $2,999,999.99
Balance: $100,000 - $249,999.99; Maintenance Fee/Minimum Balance*: $10 if less than $2,500
Balance: $100,000 - $249,999.99; Maintenance Fee/Minimum Balance*: $10 if less than $2,500 (effective 2/1/25)
Balance: $.01 - $499.99; Maintenance Fee/Minimum Balance*: $0 (effective 2/1/25)
Balance: $20,000 minimum balance
Balance: $25,000 - $49,999.99
Balance: $500,000 - $749,999.99; Minimum balance required for Premium Money Market Savings to earn stated rate is $20,000. APY is accurate as of specified date. Rate may change after account is opened.
($25,000 minimum balance requirement to obtain APR/APY)
Balance: $250,000 - $499,999.99 ~++; Daily Balance
Balance: $250,000 - $499,999.99 ~++; **
Balance: $750,000 -$999,999.99
*
Balance: $250,000 & Over
Annual Percentage Yield (APY) is accurate as of 04/07/2026 and may change after account opening. The APY assumes the funds remain on deposit for one year at the current interest rate. Fees could reduce earnings. $10,000 average ledger balance required to avoid $10 monthly service charge, CLICK HERE for complete details.
Balance: $500,000 and over
Daily Balances of $150,000.00-10,000,000.00
Balance: $100,000 - $249,999.99 ~++; Daily Balance
Balance: $100,000 - $249,999.99 ~++; **
Balance: $100,000.01 and greater
Up to
Balance: $200,000 and over
Balance: $500,000 - $999,999.99
Balance: $500,000 - $999,999.99
Balance: $100,000+
Balance: $750,000 - $999,999.99
Published APY range: 2.70%-3.75%; Published rate range: 2.70%-3.75%. Rates based on zip code. Get your variable rate after opening a Huntington Relationship Money Market Account when you maintain deposits of $25,000.00 - $2,000,000.99. Balances $2,000,001.00 and above currently earn 0.25% (0.25% APY). Balances below $25,000.00 do not earn interest and may be subject to a $25.00 per month maintenance fee. Avoid a monthly maintenance fee when you have an average daily balance of $25,000 or when you have either a Perks Checking or Platinum Perks Checking account; otherwise $25. Initial minimum opening deposit to earn interest on the HRMMA is $25,000.00 and must be "New Money" which is defined as money that is not currently on deposit in any Huntington account (except maturing CDs).
Published APY range: 2.70%-3.75%; Published rate range: 2.67%-3.69%. Annual percentage yield (APY) and interest rates accurate as of May 19, 2026. The special interest rate for the Huntington Relationship Money Market Account (HRMMA) with balances between $25,000.00 to $2,000,000.99 is between 2.67%-3.69% with an APY between 2.70% APY- 3.75 % based on your zip code. The interest rate is variable and subject to change at any time. Balances $2,000,001.00 and above currently earn 0.25% (0.25% APY). Balances below $25,000.00 do not earn interest and may be subject to a $25.00 per month maintenance fee. Fees may reduce earnings. When your balance falls into a specific rate tier, your entire balance will earn the applicable rate in effect for that tier. For instance, if your balance reaches $2,000,001.00 or more, your entire balance would currently earn 0.25% APY. Initial minimum opening deposit to earn interest on the HRMMA is $25,000.00 and must be "New Money" which is defined as
Balance: $50,000.01 - $100,000.00
Balance: $250,000 & Over
Balance: $250,000 - $499,999.99
Balance: $250,000 - $499,999.99; Minimum balance required for Premium Money Market Savings to earn stated rate is $20,000. APY is accurate as of specified date. Rate may change after account is opened.
*
Balance: $500,000 - $749,999.99
Balance: $25,000.01 - $50,000.00
Balance: $100,000 - $249,999.99
Balance: $2,500 minimum balance
Balance: $500,000.00 - Plus
Balance: $100,000 - $249,999
Balance: $100,000-249,999.99
Daily Balances of $100,000.00-149,999.99
$250,000 & UP
Balance: $10,000 - $24,999.99
Compounding and Crediting Frequency: Annually & at Maturity; Early Withdrawal Penalties: 6 month loss of interest can be taken from principal
Balance: $50,000 - $99,999.99
Balance: $10,000.01 - $25,000.00
Balances of $10,000+
Balance: $100,000 - $199,999
Balance: $10,000.00 - $19,999.99
Balance: $40,000 - $99,999.99
Balance: $250,000+
Compounding and Crediting Frequency: Annually & at Maturity; Early Withdrawal Penalties: 12 month loss of interest can be taken from principal
Balance: $1 - $39,999.99
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Minnesota Money Market Rate Trends
Compare local Minnesota money market quotes against the statewide average
Daily money market rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Minnesota high-yield MMA rates rose 0.023 points over the past 7 days to 3.060% APY.
Minnesota standard MMA rates fell 0.021 points over the past 7 days to 0.732% APY.
Minnesota Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current MN high-yield MMA average and a Fed funds spread to project the likely rate trajectory for 2026–2027.
Money market account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current MN high-yield money market average of 3.060% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60–90 days. High-yield money market rates tend to adjust faster than standard branch-based accounts.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Minnesota.
Money Market Account Earnings in Minnesota
Annual interest earnings at current MN average APYs, based on the high-yield and standard money market averages tracked in our database. Balances reflect the higher minimums typical of money market accounts. Compounding assumed monthly.
| Balance | HY Money Market (3.060% APY) | Monthly Earnings | Standard MMA (0.732% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $306.00 / year | $25.50 | $73.15 / year | $6.10 |
| $25,000 | $765.00 / year | $63.75 | $182.88 / year | $15.24 |
| $50,000 | $1,530.00 / year | $127.50 | $365.75 / year | $30.48 |
| $100,000 | $3,060.00 / year | $255.00 | $731.50 / year | $60.96 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, rate tier, and daily balance maintained. Rates are variable and subject to change. Source: Minnesota money market rate averages as of September 22, 2026. | ||||
About Our Minnesota Money Market Rate Database
MonitorBankRates tracks 45 money market rates from 26 banks and 19 credit unions offering money market deposit accounts to Minnesota residents, including community institutions, regional banks, and national online options. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Ameriprise Financial offers a money market account at 4.00% APY. Use the rate table above to compare all current offers in Minnesota.
How to Find the Best Money Market Rates in Minnesota
What to compare when shopping for a money market account in Minnesota
To find the best money market APYs in Minnesota, start with credit unions and online-only banks: Minnesota has 19 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate, and pay close attention to balance tiers. Many money market accounts only pay their advertised top rate above a minimum balance of $1,000–$25,000, with lower rates (or monthly fees) below that threshold. The current MN high-yield money market average is 3.060% but top local institutions are offering as high as 4.00%, so shopping around pays off.
Unlike a CD, money market rates are variable. Your rate can change at any time with Federal Reserve policy. Also check check-writing and debit card limits: most MMAs allow a set number of withdrawals per month, and exceeding the limit can trigger fees. Review your account periodically to ensure your APY remains competitive.
When a Money Market Account Makes Sense
- Emergency fund with flexibility: You get savings-level yields plus limited check-writing and debit access. Minnesota high-yield money market rates currently average 3.060% APY, far above a typical checking account.
- Larger balances ($10,000+): Many MMAs pay tiered rates that rise with your balance, so bigger deposits often earn more than they would in a standard savings account.
- Parking cash between investments: A high-yield money market account at Minnesota institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 45 institutions in Minnesota report money market rates to our database.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return → Minnesota CD rates
- You don’t need check writing and want a lower minimum → Minnesota savings rates
- You need daily transaction access → Minnesota checking rates
Minnesota Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau
17.3% of residents are 65 or older, in line with the national average of 17.3%. At today’s MN high-yield money market average of 3.060%, saving 10% of the local median salary ($5,083/year) would earn an additional $156 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Minnesota Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Minnesota.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current MN Avg APY | 3.060% | View Savings Rates | 0.732%(Standard MMA) | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✓ Often yes | ✗ No | ✗ No | ✗ No |
| Debit / ATM Card | ✓ Often yes | Some institutions | ✗ Rarely | ✗ No |
| Typical Min Deposit | $0 – $2,500 | $0 – $100 | $25 – $100 | $500 – $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Active savers wanting flexibility + check writing | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Locking in a rate for a defined period |
APY data reflects Minnesota averages tracked in our database as of September 22, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Minnesota Money Market Account Calculator
See how much a money market account can earn you. Enter your deposit, monthly contribution, and time frame, or click any current Minnesota rate on the right to apply it instantly. Interest compounds monthly.
Assumes monthly compounding and a constant APY for the full period. Money market rates are variable and can change at any time, so actual earnings will differ. Estimates are for informational purposes only.
Money Market & Savings Calculators for Minnesota
At MN’s top money market rate of 4.00% from Ameriprise Financial, a $10,000 deposit earns $400 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Minnesota earner is roughly $12,700. At 3.060% APY in a money market account, saving $1,060/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountMinnesota’s high-yield money market average is 3.060% APY, variable, always accessible, and often with check-writing. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Minnesota earner makes $50,838/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.060% APY.
Retirement PlannerA $25,000 money market balance earning 3.060% APY grows to roughly $45,682 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Minnesota money market 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 Money Market Rate Data: We aggregate money market deposit account rates for Minnesota directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every money market rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Minnesota. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in MN.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Money Market Accounts in Minnesota
What is a Money Market Account (MMA)?
Are Money Market accounts in Minnesota safe?
How often do MMA rates change in Minnesota?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Minnesota?
Can I lose money in a Money Market Account?
What is the difference between a Money Market Account and a Money Market Fund?
Do I have to pay taxes on money market account interest?
Are online banks better than local banks in Minnesota for money market accounts?
Best Money Market Rates in Minnesota
- Ameriprise Financial
Ameriprise Insured Money Market Account (AIMMA): 4.00% APY - VisionBank Saint Louis Park, MN
Premium Money Market Business: 3.76% APY - Security State Bank of Marine
Money Market Platinum: 3.56% APY - PSB of Plainview
Money Market Checking: 3.55% APY - Federated Employees Credit Union
Money Market: 3.55% APY
Cities in Minnesota
