Lakeville, Minnesota Savings Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
The best savings rates for Lakeville, Minnesota and the surrounding area include Genisys Credit UnionGenisys Credit Union16106 Pilot Knob Rd Ste 140, Lakeville, MN 55044 4109A+5.0 ★Texas Ratio: 4.22%Real return: +3.20%APY minus 2.8% CPI (February 2026) High Yield Youth Savings at 6.00% APY, Wings Financial Credit UnionWings Financial Credit Union16042 Pilot Knob Rd, Lakeville, MN 55044Real return: +0.95%APY minus 2.8% CPI (February 2026) Elevate Savings at 3.75% APY, The Huntington National BankThe Huntington National Bank17269 Kenyon Ave, Lakeville, MN 55044A5.0 ★Texas Ratio: 6.08%Real return: +0.45%APY minus 2.8% CPI (February 2026) Relationship Savings Account at 3.25% APY, Citizens Bank MinnesotaCitizens Bank Minnesota18476 Kenrick Ave, Lakeville, MN 55044A+5.0 ★Texas Ratio: 0.16%Real return: +0.24%APY minus 2.8% CPI (February 2026) Savings Accounts at 3.04% APY, and TruStone Financial Credit UnionTruStone Financial Credit Union17533 Cedar Ave, Lakeville, MN 55044A+5.0 ★Texas Ratio: 4.88%Real return: +0.20%APY minus 2.8% CPI (February 2026) MoneyWise Primary Share (Youth) at 3.00% APY.
Lakeville has 57 local institutions in our database, with savings rates as high as 6.00% APY from Genisys Credit Union at 16106 Pilot Knob Rd Ste 140, Lakeville, MN 55044 4109. Use the table below to compare all available offers, including options from institutions serving the broader Minnesota area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Lakeville, Minnesota and the surrounding area. Last Updated and Verified: September 22, 2026
Compare the Best Savings Rates in Lakeville, Minnesota & Surrounding Communities
Age: 0-21; Balances above $2,500.00 are paid the standard share savings rate.
Balance: $100,000 +
Qualifications Required: Qualifying direct deposits totaling $1,000 every 34 days required to maintain 3.75% APY; New money only. Average daily balance of $10,000 required to obtain 3.50% APY. Qualifying direct deposits totaling $1,000 every 34 days required to maintain 3.75% APY. Dividends credited and compounded monthly.
Balance: $5,000.00 to $2,000,000.99; With Huntington Perks Checking**
Balance: $5,000.00 to $2,000,000.99
Compound Frequency: Monthly
Balance: $5,000,000+
Balance: $25,000-99,000
Published APY range: 2.40%-4.00%; Published rate range: 2.40%-4.00%. Rates based on zip code. Get your variable rate after opening a Huntington Relationship Savings Account when you maintain deposits of $5,000.00 - $2,000,000.99. Balances $2,000,001.00 and above will earn 0.01% (0.01% APY). Balances below $5,000.00 will earn 0.01% (0.01% APY). Avoid a monthly maintenance fee when you have an average daily balance of $2,500 or have an Asterisk-Free Checking , Huntington Perks Checking or Huntington Platinum Perks Checking account; otherwise $10. Initial minimum opening deposit to earn the higher interest rate on the HRSA is $5,000.00 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: 2.40%-4.00%; Published rate range: 2.38%-3.94%. Annual percentage yield (APY) and interest rates are accurate as of May 5, 2026. The special interest rate for the Huntington Relationship Savings Account (HRSA) with balances between $5,000.00 to $2,000,000.99 is between 2.38%-3.94% with an APY between 2.40%-4.00% based on your zip code. The interest rate is variable and subject to change at any time. Balances $2,000,001.00 and above will earn 0.01% (0.01% APY). Balances below $5,000.00 will earn 0.01% (0.01% APY). Balances below $2,500 may be subject to a $10.00 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 0.01% APY Offer is limited to one per household. We also reserve the right to limit acceptance of deposits greater than
Balance: $500,000.00 & above
Balance: $500,000.00 & above
Balance: $1,000,000 - $4,999,999.99
Balance: $250,000.00 - $499,999.99
Balance: $250,000.00 - $499,999.99
Balance: $250,000+; Dividend Crediting & Compounding: Monthly
Balance: $50,000 - $249,999.99; Dividend Crediting & Compounding: Monthly
Balance: $10,000 - $49,999.99; Dividend Crediting & Compounding: Monthly
Balance: $100,000.00 - $249,999.99
Balance: $100,000.00 - $249,999.99
Compound Frequency: Monthly
Balance: $50,000.00 - $99,999.99
Balance: $50,000.00 - $99,999.99
Balance: $100,000.00 and above
Balance: $50,000.00 & above
Balance: $25,000.00 - $49,999.99
Balance: $25,000.00 - $49,999.99
Balance: $25,000.00 - $49,999.99
Balance: $10,000.00 - $24,999.99
Balance: $50,000.00 - $99,999.99
No minimum balance required. Annual Percentage Yield designated as APY and subject to change at any time.
Balance: Under $25,000.00
Balance: Under $25,000.00
Balance: $1,000.00 - $9,999.99
Balance: $5,000 And Greater
Annual Percentage Yield designated as APY and subject to change at any time. No minimum balance required.
Balance: $500 - $2,499.99
All balances
All balances
All balances
Balance: $0-24,999
Annual Percentage Yield designated as APY and subject to change at any time.
Annual Percentage Yield designated as APY and subject to change at any time. No minimum balance required.
Balance: $0 - $10,000; Dividend Crediting & Compounding: Monthly
Balance: $.01 - $499.99
Teen Savings Certificate minimum opening balance is $100. Additional deposits can be made up to $8,000 for the Teen Savings. The minimum additional deposit is $100. The Teen Savings matures on the teen's 18th birthday. Any withdrawal prior to maturity will result in a penalty of all dividends earned.
Youth Savings Certificate minimum opening balance is $100. Additional deposits can be made up to $5,000 for the Youth Savings. The minimum additional deposit is $100. The Youth Savings matures on the child's 13th birthday. Any withdrawal prior to maturity will result in a penalty of all dividends earned.
Rates as high as 4.40% APY
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.
Lakeville, MN Savings Rate Trends
Compare local Lakeville, MN savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Minnesota high-yield savings rates rose 0.091 points over the past 7 days to 1.973% APY, up from 1.882%.
Minnesota standard savings rates fell 0.005 points over the past 7 days to 0.805% APY, down from 0.810%.
Lakeville, Minnesota Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current MN high-yield average and a Fed funds spread to project the likely rate trajectory for 2026–2027.
Savings 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 savings average of 1.973% 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 online savings rates tend to adjust faster than standard branch-based savings rates.
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 Lakeville, Minnesota.
Savings Account Earnings in Lakeville, Minnesota
Annual interest earnings at current MN average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.973% APY) | Monthly Earnings | Standard Savings (0.805% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $98.64 / year | $8.22 | $40.27 / year | $3.36 |
| $10,000 | $197.28 / year | $16.44 | $80.54 / year | $6.71 |
| $25,000 | $493.20 / year | $41.10 | $201.35 / year | $16.78 |
| $50,000 | $986.40 / year | $82.20 | $402.70 / year | $33.56 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: Lakeville, Minnesota savings rate averages as of September 23, 2026. | ||||
About Our Lakeville, Minnesota Savings Rate Database
MonitorBankRates found 7 institutions with branches in Lakeville (3 banks, 4 credit unions), plus 2 additional state-chartered and national online institutions available to Lakeville residents. 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: Genisys Credit Union offers a savings account at 6.00% APY. Use the rate table above to compare all current offers in Lakeville, Minnesota.
How to Find the Best Savings Rates in Lakeville, Minnesota
What to compare when shopping for a savings account in Lakeville, Minnesota
To find the best savings APYs in Lakeville, Minnesota, start with credit unions and online-only banks: Lakeville, Minnesota has 6 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. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current MN high-yield savings average is 1.973% but top local institutions are offering as high as 6.00%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3–6 months of expenses in a liquid, FDIC-insured account. Lakeville, Minnesota high-yield savings rates currently average 1.973% APY, far above a typical checking account.
- Short-term savings goals (6–24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at Lakeville, Minnesota institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 9 institutions in Lakeville, Minnesota report savings 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 → Lakeville, Minnesota CD rates
- You want check-writing flexibility → Lakeville, Minnesota money market rates
- You need daily transaction access → Lakeville, Minnesota checking rates
Lakeville, Minnesota Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
10.9% of residents are 65 or older, below the national average of 17.3%; a low unemployment rate of 2.0% reflects a strong local economy with solid savings capacity. At today’s MN high-yield savings average of 1.973%, saving 10% of the local median salary ($6,634/year) would earn an additional $131 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Lakeville, Minnesota Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Lakeville, Minnesota.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current MN Avg APY | 1.973% | 0.805% | View MMA Rates | 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 | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 – $100 | $25 – $100 | $0 – $2,500 | $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 | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects Lakeville, Minnesota averages tracked in our database as of September 23, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Lakeville, Minnesota
At MN’s top rate of 6.00% from Genisys Credit Union, a $10,000 deposit earns $600 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Lakeville, Minnesota earner is roughly $16,600. At 1.973% APY, saving $1,380/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsMinnesota’s high-yield savings average is 1.973% APY, variable and always accessible. 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 Lakeville, Minnesota earner makes $66,342/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.973% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.973% APY grows to roughly $36,951 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 Lakeville, Minnesota savings 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 Savings Rate Data: We aggregate savings account rates for Lakeville, 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 Lakeville, 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 Lakeville, Minnesota
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Lakeville, Minnesota safe?
How often do savings rates change in Lakeville, Minnesota?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Lakeville, Minnesota?
How do I open a savings account in Lakeville, Minnesota?
Best Savings Rates in Lakeville, Minnesota
- Genisys Credit Union
High Yield Youth Savings: 6.00% APY - Wings Financial Credit Union
Elevate Savings: 3.75% APY - The Huntington National Bank
Relationship Savings Account: 3.25% APY - Citizens Bank Minnesota
Savings Accounts: 3.04% APY - TruStone Financial Credit Union
MoneyWise Primary Share (Youth): 3.00% APY
Lakeville, Minnesota Rates & Resources
