Albert Lea, Minnesota (MN) Savings Rates - March 2026
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The savings 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 savings rates for Albert Lea, Minnesota and the surrounding area include Citizens Community Federal (CCFBank)Citizens Community Federal (CCFBank)2630 Bridge Ave, Albert Lea, MN 56007A5.0 ★Texas Ratio: 7.11% Senior Money Market Savings at 2.52% APY, Security Bank MinnesotaSecurity Bank Minnesota437 Bridge Ave, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 0.00% Platinum Money Market Savings at 2.27% APY, Accentra Credit UnionAccentra Credit Union1619 Blake Ave, Albert Lea, MN 56007B+4.8 ★Texas Ratio: 16.99% Business Checking and Money Market Savings at 0.50% APY, Trades & Labor Federal Credit UnionTrades & Labor Federal Credit Union610 S BROADWAY AVE, ALBERT LEA, MN 56007 4526A+5.0 ★Texas Ratio: 4.30% IRA SAVINGS at 0.25% APY, and Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union1719 W Main St, Albert Lea, MN 56007 4385A+5.0 ★Texas Ratio: 5.62% Shares II Savings at 0.10% APY. Savings rates as of March 25, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Albert Lea, Minnesota, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Albert Lea, Minnesota (MN) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Albert Lea, Minnesota and the surrounding area. Last Updated and Verified: March 25, 2026
Compare the Best Savings Rates in Albert Lea, Minnesota & Surrounding Communities
Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Citizens Community Federal (CCFBank)
Institution Rating:
A5.0 ★Texas Ratio: 7.11%
2630 Bridge Ave, Albert Lea, MN 56007
Senior Money Market Savings
2.52%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Security Bank Minnesota
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
437 Bridge Ave, Albert Lea, MN 56007
Platinum Money Market Savings
2.27%
$0
▼
Rate2.25%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
($10,000 min./below $25 s/c)
Security Bank Minnesota
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
437 Bridge Ave, Albert Lea, MN 56007
Platinum Money Market Savings
1.76%
$0
▼
Rate1.75%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
($10,000 min./below $25 s/c)
Security Bank Minnesota
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
437 Bridge Ave, Albert Lea, MN 56007
Money Market - Investment Savings
1.26%
$0
▼
Rate1.25%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
($1,000 min./below $5 s/c)
Security Bank Minnesota
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
437 Bridge Ave, Albert Lea, MN 56007
Platinum Money Market Savings
1.26%
$0
▼
Rate1.25%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
($10,000 min./below $25 s/c)
Security Bank Minnesota
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
437 Bridge Ave, Albert Lea, MN 56007
Variable Rate IRA Savings
1.26%
$100
▼
Rate1.25%
Min Deposit$100
Min Balance—
UpdatedMar 21, 2026
Details
Security Bank Minnesota
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
437 Bridge Ave, Albert Lea, MN 56007
Platinum Money Market Savings
1.00%
$0
▼
Rate1.00%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
($10,000 min./below $25 s/c)
Security Bank Minnesota
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
437 Bridge Ave, Albert Lea, MN 56007
Money Market - Investment Savings
0.95%
$0
▼
Rate0.95%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
($1,000 min./below $5 s/c)
Security Bank Minnesota
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
437 Bridge Ave, Albert Lea, MN 56007
Platinum Money Market Savings
0.75%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
($10,000 min./below $25 s/c)
Security Bank Minnesota
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
437 Bridge Ave, Albert Lea, MN 56007
Money Market - Investment Savings
0.65%
$0
▼
Rate0.65%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
($1,000 min./below $5 s/c)
Citizens Community Federal (CCFBank)
Institution Rating:
A5.0 ★Texas Ratio: 7.11%
2630 Bridge Ave, Albert Lea, MN 56007
Senior Money Market Savings
0.55%
$0
▼
Rate0.55%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Accentra Credit Union
Institution Rating:
B+4.8 ★Texas Ratio: 16.99%
1619 Blake Ave, Albert Lea, MN 56007
Business Checking and Money Market Savings
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Accentra Credit Union
Institution Rating:
B+4.8 ★Texas Ratio: 16.99%
1619 Blake Ave, Albert Lea, MN 56007
Money Market Savings
0.35%
$0
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Citizens Community Federal (CCFBank)
Institution Rating:
A5.0 ★Texas Ratio: 7.11%
2630 Bridge Ave, Albert Lea, MN 56007
Senior Money Market Savings
0.35%
$0
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Accentra Credit Union
Institution Rating:
B+4.8 ★Texas Ratio: 16.99%
1619 Blake Ave, Albert Lea, MN 56007
Business Checking and Money Market Savings
0.35%
$0
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Security Bank Minnesota
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
437 Bridge Ave, Albert Lea, MN 56007
Economy Savings
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
($25 min.)
Security Bank Minnesota
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
437 Bridge Ave, Albert Lea, MN 56007
Regular Savings
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
($100 min./below $3 s/c)
Security Bank Minnesota
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
437 Bridge Ave, Albert Lea, MN 56007
Health Savings Account
0.25%
$5,000
▼
Rate0.25%
Min Deposit$5,000
Min Balance—
UpdatedMar 21, 2026
Details
Trades & Labor Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.30%
610 S BROADWAY AVE, ALBERT LEA, MN 56007 4526
IRA SAVINGS
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Min $100 to receive dividend
Accentra Credit Union
Institution Rating:
B+4.8 ★Texas Ratio: 16.99%
1619 Blake Ave, Albert Lea, MN 56007
Money Market Savings
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Accentra Credit Union
Institution Rating:
B+4.8 ★Texas Ratio: 16.99%
1619 Blake Ave, Albert Lea, MN 56007
Business Checking and Money Market Savings
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Accentra Credit Union
Institution Rating:
B+4.8 ★Texas Ratio: 16.99%
1619 Blake Ave, Albert Lea, MN 56007
Money Market Savings
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Accentra Credit Union
Institution Rating:
B+4.8 ★Texas Ratio: 16.99%
1619 Blake Ave, Albert Lea, MN 56007
Business Checking and Money Market Savings
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Security Bank Minnesota
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
437 Bridge Ave, Albert Lea, MN 56007
Health Savings Account
0.15%
$100
▼
Rate0.15%
Min Deposit$100
Min Balance—
UpdatedMar 21, 2026
Details
Affinity Plus Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.62%
1719 W Main St, Albert Lea, MN 56007 4385
Shares II Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
All balances
Accentra Credit Union
Institution Rating:
B+4.8 ★Texas Ratio: 16.99%
1619 Blake Ave, Albert Lea, MN 56007
Money Market Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Accentra Credit Union
Institution Rating:
B+4.8 ★Texas Ratio: 16.99%
1619 Blake Ave, Albert Lea, MN 56007
Business Checking and Money Market Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Trades & Labor Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.30%
610 S BROADWAY AVE, ALBERT LEA, MN 56007 4526
Regular Shares
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Min $300 to receive dividend
Affinity Plus Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.62%
1719 W Main St, Albert Lea, MN 56007 4385
Wincentive® Savings Account
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
All balances
Affinity Plus Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.62%
1719 W Main St, Albert Lea, MN 56007 4385
Membership Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
All balances
Affinity Plus Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.62%
1719 W Main St, Albert Lea, MN 56007 4385
Business Shares II
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Affinity Plus Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.62%
1719 W Main St, Albert Lea, MN 56007 4385
Business Shares
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Accentra Credit Union
Institution Rating:
B+4.8 ★Texas Ratio: 16.99%
1619 Blake Ave, Albert Lea, MN 56007
IRA Savings
0.10%
$20
▼
Rate0.10%
Min Deposit$20
Min Balance—
UpdatedMar 24, 2026
Details
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
122 E Main St, Albert Lea, MN 56007
Retirement High Yield Savings
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
122 E Main St, Albert Lea, MN 56007
Platinum Savings
0.05%
$25
▼
Rate0.05%
Min Deposit$25
Min Balance—
UpdatedMar 22, 2026
Details
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
Accentra Credit Union
Institution Rating:
B+4.8 ★Texas Ratio: 16.99%
1619 Blake Ave, Albert Lea, MN 56007
Business Checking and Money Market Savings
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Accentra Credit Union
Institution Rating:
B+4.8 ★Texas Ratio: 16.99%
1619 Blake Ave, Albert Lea, MN 56007
Money Market Savings
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Trades & Labor Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.30%
610 S BROADWAY AVE, ALBERT LEA, MN 56007 4526
Share drafts (checking)
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Min $500 to receive dividend
Accentra Credit Union
Institution Rating:
B+4.8 ★Texas Ratio: 16.99%
1619 Blake Ave, Albert Lea, MN 56007
Share Savings
0.05%
$5
▼
Rate0.05%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
122 E Main St, Albert Lea, MN 56007
Platinum Savings
0.02%
$25
▼
Rate0.02%
Min Deposit$25
Min Balance—
UpdatedMar 22, 2026
Details
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
122 E Main St, Albert Lea, MN 56007
Platinum Savings
0.01%
$25
▼
Rate0.01%
Min Deposit$25
Min Balance—
UpdatedMar 22, 2026
Details
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
122 E Main St, Albert Lea, MN 56007
Way2Save® Savings
0.01%
$25
▼
Rate0.01%
Min Deposit$25
Min Balance—
UpdatedMar 22, 2026
Details
$25 minimum opening deposit
Fidelity Bank & Trust (IA)
Institution Rating:
A+5.0 ★Texas Ratio: 1.72%
205 Main St, Frost, MN 56033
Snap $tack Savings
5.12%
$1,000
▼
Rate5.00%
Min Deposit$1,000
Min Balance—
UpdatedMar 25, 2026
Details
Qualifying balance up to $5,000.00
Genisys Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.03%
3300 Central Park Village Dr, Eagan, MN 55121 7707
High Yield Youth Savings
5.12%
$0
▼
Rate5.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Balances above $500.00 are paid the standard share savings rate.
PSB of Plainview
Institution Rating:
A+5.0 ★Texas Ratio: 4.73%
100 4th Ave Se, Plainview, MN 55964
Peoples Preferred Savings
5.00%
$25
▼
Rate4.89%
Min Deposit$25
Min Balance—
UpdatedMar 21, 2026
Details
Qualifying balance up to $25,000.00
West Metro Schools Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.84%
1001 Highway 7, Hopkins, MN 55305
Holiday Savings
5.00%
$0
▼
Rate5.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
max $300 deposit per month
Grand Rapids SB
Institution Rating:
A5.0 ★Texas Ratio: 9.12%
523 Nw 1st Ave, Grand Rapids, MN 55744
Education Savings
4.33%
$0
▼
Rate4.25%
Min Deposit$0
Min Balance—
UpdatedMar 23, 2026
Details
Ultima Bank Minnesota
Institution Rating:
A+5.0 ★Texas Ratio: 4.29%
9 W Minnesota Ave, Winger, MN 56592
SMART Savings
4.32%
$0
▼
Rate4.25%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Southpoint Financial Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.84%
920 Main St E, Sleepy Eye, MN 56085 4380
EzMoney Savings
4.07%
$0
▼
Rate4.00%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Qualifying balance up to $5,000.00
Southpoint Financial Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.84%
920 Main St E, Sleepy Eye, MN 56085 4380
EzMoney Savings+
4.07%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Qualifying balance up to $5,000.00
Drake Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.27%
60 Plato Blvd E, Saint Paul, MN 55107
Little Drake Savings
4.07%
$0
▼
Rate4.00%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
Qualifying balance up to $1,000.00
Drake Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.27%
60 Plato Blvd E, Saint Paul, MN 55107
Investor Savings
3.92%
$0
▼
Rate3.85%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
Pioneer Bank Mapleton, MN
Institution Rating:
A-5.0 ★Texas Ratio: 14.28%
301 Main St E, Mapleton, MN 56065
Platinum Plus Savings
3.82%
$5,000
▼
Rate3.75%
Min Deposit$5,000
Min Balance—
UpdatedMar 25, 2026
Details
$10,000,000 3.00% Under Prime
FSB of Rosemount
Institution Rating:
F2.5 ★Texas Ratio: 45.47%
3025 145th St W, Rosemount, MN 55068
Elite Savings
3.82%
$0
▼
Rate3.75%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
FSB of Rosemount
Institution Rating:
F2.5 ★Texas Ratio: 45.47%
3025 145th St W, Rosemount, MN 55068
Elite Business Savings
3.82%
$0
▼
Rate3.75%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Genisys Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.03%
3300 Central Park Village Dr, Eagan, MN 55121 7707
Business High Yield Savings Account
3.75%
$0
▼
Rate3.69%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Fairmont School Employees Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.99%
110 Eltinge Pl, Fairmont, MN 56031 3423
Share Savings Account
3.50%
$0
▼
Rate3.50%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
At the December board meeting, it was voted by the board to raise our dividend rate to 3.50%.
Mid Minnesota Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.30%
13283 Isle Dr, Baxter, MN 56425 8554
High Yield Savings
3.40%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Mid Minnesota Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.30%
13283 Isle Dr, Baxter, MN 56425 8554
High Yield Savings Account
3.40%
$75,000
▼
Rate0.00%
Min Deposit$75,000
Min Balance—
UpdatedMar 20, 2026
Details
APY accurate as of 1/1/2026 and may change after account opening. Opening balance of High Yield Savings Account is $75,000. High Yield Savings Account (HYSA)
South Metro Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.00%
2573 Credit Union Dr, PRIOR LAKE, MN 55372
Money Market Savings
3.40%
$2,500
▼
Rate3.36%
Min Deposit$2,500
Min Balance—
UpdatedMar 21, 2026
Details
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The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice.
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.
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.
Albert Lea, MN Savings Rate Trends
Compare local Albert Lea, MN savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
High-Yield Savings — MN Avg
1.186%
▲ 0.348 from last week
Minnesota high-yield savings rates rose 0.348 points this week to 1.186% APY, up from 0.838% last week.
Standard Savings — MN Avg
0.409%
▼ 0.028 from last week
Minnesota standard savings rates fell 0.028 points this week to 0.409% APY, down from 0.437% last week.
As of Mar 26, 2026 •
Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Albert Lea, 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 savings 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 Albert Lea, Minnesota. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in MN.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Albert Lea, Minnesota
What is a High-Yield Savings Account (HYSA)?
A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in Minnesota, help your money grow faster through a higher APY.
Are savings accounts in Albert Lea, Minnesota safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Minnesota up to $250,000 per depositor, per institution.
How often do savings rates change in Albert Lea, Minnesota?
Savings rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Minnesota rate tables daily to ensure you see the most current high-yield options.
Do I need a minimum deposit to open a savings account?
It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Albert Lea, Minnesota may require $25–$100 to open an account.
What is the difference between a Savings Account and a Money Market Account?
Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.
Are online banks better than local banks in Albert Lea, Minnesota?
Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Albert Lea, Minnesota offer in-person customer service, which some customers prefer.
How do I open a savings account in Albert Lea, Minnesota?
You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.
Best Savings Rates in Albert Lea, Minnesota
Here are recent savings rates observed in Albert Lea, Minnesota and the surrounding area:
- Citizens Community Federal (CCFBank)
Senior Money Market Savings — 2.52% APY - Security Bank Minnesota
Platinum Money Market Savings — 2.27% APY - Accentra Credit Union
Business Checking and Money Market Savings — 0.50% APY - Trades & Labor Federal Credit Union
IRA SAVINGS — 0.25% APY - Affinity Plus Federal Credit Union
Shares II Savings — 0.10% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Albert Lea, Minnesota. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 25, 2026
