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Minnesota Savings Rate Trends

Duluth, Minnesota (MN) Savings Rates - March 2026

The best savings rates for Duluth, Minnesota and the surrounding area include Bell BankBell Bank201 E Superior St, Duluth, MN 55802A+5.0 ★Texas Ratio: 2.41% IRA Variable Rate Savings at 3.56% APY, The Huntington National BankThe Huntington National Bank1208 Kirby Dr, Duluth, MN 55812A+5.0 ★Texas Ratio: 4.60% High-Yield Savings at 3.55% APY, Baxter Credit UnionBaxter Credit Union4316 Rice Lake Rd, Duluth, MN 55811A5.0 ★Texas Ratio: 7.73% SafeGuard Savings, Municipal at 3.00% APY, Members Cooperative Credit UnionMembers Cooperative Credit Union215 N 40th Ave W, Duluth, MN 55807A5.0 ★Texas Ratio: 12.23% Boosted Savings at 2.00% APY, and Minnesota Power Employees Credit UnionMinnesota Power Employees Credit Union30 W Superior St Ste 126, Duluth, MN 55802 2191A+5.0 ★Texas Ratio: 2.03% Star Tiered Savings at 1.20% APY. Savings rates as of March 27, 2026 according to verified data from MonitorBankRates.

To see how these savings rates in Duluth, 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 Duluth, Minnesota (MN) are continually updated — we recommend checking back frequently.

Savings rates reflect recent market quotes and representative offers available to depositors in Duluth, Minnesota and the surrounding area. Last Updated and Verified: March 27, 2026

Compare the Best Savings Rates in Duluth, Minnesota & Surrounding Communities

Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Bell Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.41%
201 E Superior St, Duluth, MN 55802
IRA Variable Rate Savings
3.56%
$50
Rate3.50%
Min Deposit$50
Min Balance
UpdatedMar 16, 2026
Details

The Huntington National Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.60%
1208 Kirby Dr, Duluth, MN 55812
High-Yield Savings
3.55%
$5,000
Rate0.00%
Min Deposit$5,000
Min Balance
UpdatedMar 27, 2026
Details

Minimum of $5,000 not currently deposited at Huntington.

Bell Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.41%
201 E Superior St, Duluth, MN 55802
Elite Money Market Savings*
3.01%
$0
Rate2.97%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
4316 Rice Lake Rd, Duluth, MN 55811
SafeGuard Savings, Municipal
3.00%
$0
Rate2.96%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
4316 Rice Lake Rd, Duluth, MN 55811
SafeGuard Savings, Consumer
3.00%
$0
Rate2.96%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

The Huntington National Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.60%
1208 Kirby Dr, Duluth, MN 55812
High-Yield Savings
2.98%
$5,000
Rate0.00%
Min Deposit$5,000
Min Balance
UpdatedMar 27, 2026
Details

Minimum of $5,000 not currently deposited at Huntington.

Members Cooperative Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 12.23%
215 N 40th Ave W, Duluth, MN 55807
Boosted Savings
2.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

As high as

Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
4316 Rice Lake Rd, Duluth, MN 55811
Rainy Day Savings
1.90%
$0
Rate1.88%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

On balances above $25,000 and up to $50,000

Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
4316 Rice Lake Rd, Duluth, MN 55811
SafeGuard Savings, Business
1.40%
$0
Rate1.39%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
4316 Rice Lake Rd, Duluth, MN 55811
Rainy Day Savings
1.40%
$0
Rate1.39%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

On balances up to $25,000

Bell Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.41%
201 E Superior St, Duluth, MN 55802
Premier Money Market Savings*
1.36%
$0
Rate1.35%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Bell Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.41%
201 E Superior St, Duluth, MN 55802
Premier Money Market Savings*
1.26%
$0
Rate1.25%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Minnesota Power Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
30 W Superior St Ste 126, Duluth, MN 55802 2191
Star Tiered Savings
1.20%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Bell Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.41%
201 E Superior St, Duluth, MN 55802
Premier Money Market Savings*
1.16%
$0
Rate1.15%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Bell Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.41%
201 E Superior St, Duluth, MN 55802
Money Market Savings
1.06%
$0
Rate1.05%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Minnesota Power Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
30 W Superior St Ste 126, Duluth, MN 55802 2191
Star Tiered Savings
1.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Minnesota Power Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
30 W Superior St Ste 126, Duluth, MN 55802 2191
Star Tiered Savings
0.95%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Minnesota Power Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
30 W Superior St Ste 126, Duluth, MN 55802 2191
Star Tiered Savings
0.85%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Minnesota Power Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
30 W Superior St Ste 126, Duluth, MN 55802 2191
Star Tiered Savings
0.20%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Minnesota Power Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
30 W Superior St Ste 126, Duluth, MN 55802 2191
IRA Savings
0.20%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Minnesota Power Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
30 W Superior St Ste 126, Duluth, MN 55802 2191
Health Savings Account (HSA)
0.20%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Bell Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.41%
201 E Superior St, Duluth, MN 55802
Regular Savings
0.20%
$0
Rate0.20%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

North Shore Bank of Commerce
Institution Rating:
A+5.0 ★Texas Ratio: 2.16%
131 W Superior St, Duluth, MN 55802
Regular Savings
0.20%
$0
Rate0.20%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

North Shore Bank of Commerce
Institution Rating:
A+5.0 ★Texas Ratio: 2.16%
131 W Superior St, Duluth, MN 55802
Regular Savings
0.15%
$0
Rate0.15%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

North Shore Bank of Commerce
Institution Rating:
A+5.0 ★Texas Ratio: 2.16%
131 W Superior St, Duluth, MN 55802
Regular Savings
0.12%
$0
Rate0.12%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

North Shore Bank of Commerce
Institution Rating:
A+5.0 ★Texas Ratio: 2.16%
131 W Superior St, Duluth, MN 55802
Regular Savings
0.12%
$0
Rate0.12%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Share Advantage Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.57%
502 E 2nd St, Duluth, MN 55805 1913
Other Share
0.10%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Minnesota Power Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
30 W Superior St Ste 126, Duluth, MN 55802 2191
IRA Savings
0.10%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Affinity Plus Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.62%
1820 Maple Grove Rd, Duluth, MN 55811 1811
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%
1820 Maple Grove Rd, Duluth, MN 55811 1811
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%
1820 Maple Grove Rd, Duluth, MN 55811 1811
Shares II 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%
1820 Maple Grove Rd, Duluth, MN 55811 1811
Wincentive® Savings Account
0.10%
$0
Rate0.10%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

All balances

Minnesota Power Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
30 W Superior St Ste 126, Duluth, MN 55802 2191
Health Savings Account (HSA)
0.10%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

North Shore Bank of Commerce
Institution Rating:
A+5.0 ★Texas Ratio: 2.16%
131 W Superior St, Duluth, MN 55802
Regular Savings
0.10%
$0
Rate0.10%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Northern Communities Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.87%
3311 W Arrowhead Rd, Duluth, MN 55811 4065
Second Savings Account
0.10%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Share Advantage Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.57%
502 E 2nd St, Duluth, MN 55805 1913
Regular Share
0.10%
$10
Rate0.00%
Min Deposit$10
Min Balance
UpdatedMar 20, 2026
Details

Northern Communities Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.87%
3311 W Arrowhead Rd, Duluth, MN 55811 4065
Share Account
0.10%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Northern Communities Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.87%
3311 W Arrowhead Rd, Duluth, MN 55811 4065
Youth Share Account
0.10%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

North Star Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.18%
4918 Grand Ave, Duluth, MN 55807
Family/Sub Share Account
0.10%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

North Star Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.18%
4918 Grand Ave, Duluth, MN 55807
MainShare Account
0.10%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Affinity Plus Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.62%
1820 Maple Grove Rd, Duluth, MN 55811 1811
Business Shares
0.10%
$0
Rate0.10%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Share Advantage Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.57%
502 E 2nd St, Duluth, MN 55805 1913
Other Share
0.05%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Share Advantage Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.57%
502 E 2nd St, Duluth, MN 55805 1913
Regular Share
0.05%
$10
Rate0.00%
Min Deposit$10
Min Balance
UpdatedMar 20, 2026
Details

Minnesota Power Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
30 W Superior St Ste 126, Duluth, MN 55802 2191
Share Draft Checking
0.05%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
230 W Superior St, Duluth, MN 55802
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

Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
230 W Superior St, Duluth, MN 55802
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%
230 W Superior St, Duluth, MN 55802
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%
230 W Superior St, Duluth, MN 55802
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%
230 W Superior St, Duluth, MN 55802
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

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

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

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

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 26, 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 Business Savings
3.82%
$0
Rate3.75%
Min Deposit$0
Min Balance
UpdatedMar 26, 2026
Details

Ultima Bank Minnesota
Institution Rating:
A+5.0 ★Texas Ratio: 4.29%
9 W Minnesota Ave, Winger, MN 56592
UBM Direct Savings
3.75%
$0
Rate3.69%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
1650 Lake St S, Forest Lake, MN 55025
Business High Yield Savings
3.60%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Introductory APY

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.

Duluth, MN Savings Rate Trends

Compare local Duluth, 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.

View Full Minnesota Savings Trends →
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%
▼ 0.064 from last week

Minnesota standard savings rates fell 0.064 points this week to 0.409% APY, down from 0.473% last week.

As of Mar 27, 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 Duluth, 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 Duluth, 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 Duluth, 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 Duluth, 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 Duluth, 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 Duluth, 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 Duluth, Minnesota?

Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Duluth, Minnesota offer in-person customer service, which some customers prefer.

How do I open a savings account in Duluth, 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 Duluth, Minnesota

Here are recent savings rates observed in Duluth, Minnesota and the surrounding area:
  • Bell Bank
    IRA Variable Rate Savings — 3.56% APY
  • The Huntington National Bank
    High-Yield Savings — 3.55% APY
  • Baxter Credit Union
    SafeGuard Savings, Municipal — 3.00% APY
  • Members Cooperative Credit Union
    Boosted Savings — 2.00% APY
  • Minnesota Power Employees Credit Union
    Star Tiered Savings — 1.20% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Duluth, Minnesota. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 27, 2026