Minneapolis, Minnesota (MN) Savings Rates - March 2026
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Editorial Disclosure
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 Minneapolis, Minnesota and the surrounding area include MidWestOne BankMidWestOne Bank2120 Hennepin Ave, Minneapolis, MN 55405A+5.0 ★Texas Ratio: 4.78% Business High Yield Savings at 3.60% APY, Bell BankBell Bank40 S 7th St, Minneapolis, MN 55402A+5.0 ★Texas Ratio: 2.41% IRA Variable Rate Savings at 3.56% APY, Luminate BankLuminate Bank2523 South Wayzata Boulevard, Minneapolis, MN 55405A5.0 ★Texas Ratio: 9.95% Luminate Radiant Savings at 3.50% APY, Baxter Credit UnionBaxter Credit Union1000 Nicollet Mall, Minneapolis, MN 55403A5.0 ★Texas Ratio: 7.73% SafeGuard Savings, Municipal at 3.00% APY, and The Huntington National BankThe Huntington National Bank3899 Silver Lake Rd Ne, Minneapolis, MN 55421A+5.0 ★Texas Ratio: 4.60% High-Yield Savings at 2.98% APY. Savings rates as of March 26, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Minneapolis, 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 Minneapolis, Minnesota (MN) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Minneapolis, Minnesota and the surrounding area. Last Updated and Verified: March 26, 2026
Compare the Best Savings Rates in Minneapolis, Minnesota & Surrounding Communities
Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
2120 Hennepin Ave, Minneapolis, MN 55405
Business High Yield Savings
3.60%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Introductory APY
MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
2120 Hennepin Ave, Minneapolis, MN 55405
Business High-Yield Savings
3.60%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Contact your local banker for more details!
MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
2120 Hennepin Ave, Minneapolis, MN 55405
High Yield Savings
3.60%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Introductory APY
MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
2120 Hennepin Ave, Minneapolis, MN 55405
High-Yield Savings
3.60%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Contact your local banker for more details!
Bell Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.41%
40 S 7th St, Minneapolis, MN 55402
IRA Variable Rate Savings
3.56%
$50
▼
Rate3.50%
Min Deposit$50
Min Balance—
UpdatedMar 16, 2026
Details
Luminate Bank
Institution Rating:
A5.0 ★Texas Ratio: 9.95%
2523 South Wayzata Boulevard, Minneapolis, MN 55405
Luminate Radiant Savings
3.50%
$0
▼
Rate3.45%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
(Personal & Business)
MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
2120 Hennepin Ave, Minneapolis, MN 55405
Business High Yield Savings
3.35%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Introductory APY
MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
2120 Hennepin Ave, Minneapolis, MN 55405
High Yield Savings
3.35%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Introductory APY
MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
2120 Hennepin Ave, Minneapolis, MN 55405
Business High Yield Savings
3.10%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Introductory APY
MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
2120 Hennepin Ave, Minneapolis, MN 55405
High Yield Savings
3.10%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Introductory APY
Bell Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.41%
40 S 7th St, Minneapolis, MN 55402
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%
1000 Nicollet Mall, Minneapolis, MN 55403
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%
1000 Nicollet Mall, Minneapolis, MN 55403
SafeGuard Savings, Consumer
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Luminate Bank
Institution Rating:
A5.0 ★Texas Ratio: 9.95%
2523 South Wayzata Boulevard, Minneapolis, MN 55405
Luminate Brighter Savings
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
(Personal)
The Huntington National Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.60%
3899 Silver Lake Rd Ne, Minneapolis, MN 55421
High-Yield Savings
2.98%
$5,000
▼
Rate0.00%
Min Deposit$5,000
Min Balance—
UpdatedMar 20, 2026
Details
Minimum of $5,000 not currently deposited at Huntington.
MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
2120 Hennepin Ave, Minneapolis, MN 55405
Business High Yield Savings
2.85%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Introductory APY
MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
2120 Hennepin Ave, Minneapolis, MN 55405
High Yield Savings
2.85%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Introductory APY
Riverland Bank
Institution Rating:
A5.0 ★Texas Ratio: 7.67%
1621 E Hennepin Ave, Minneapolis, MN 55414
Employee Edge Health Savings
2.78%
$0
▼
Rate2.75%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Riverland Bank
Institution Rating:
A5.0 ★Texas Ratio: 7.67%
1621 E Hennepin Ave, Minneapolis, MN 55414
Health Savings
2.78%
$100
▼
Rate2.75%
Min Deposit$100
Min Balance—
UpdatedMar 24, 2026
Details
Luminate Bank
Institution Rating:
A5.0 ★Texas Ratio: 9.95%
2523 South Wayzata Boulevard, Minneapolis, MN 55405
Money Market Savings
2.78%
$0
▼
Rate2.75%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Luminate Bank
Institution Rating:
A5.0 ★Texas Ratio: 9.95%
2523 South Wayzata Boulevard, Minneapolis, MN 55405
Luminate Premier Market Savings* (Personal & Business)
2.75%
$0
▼
Rate2.72%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
(Tiered Rates)
MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
2120 Hennepin Ave, Minneapolis, MN 55405
Business High Yield Savings
2.60%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Introductory APY
MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
2120 Hennepin Ave, Minneapolis, MN 55405
High Yield Savings
2.60%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Introductory APY
Luminate Bank
Institution Rating:
A5.0 ★Texas Ratio: 9.95%
2523 South Wayzata Boulevard, Minneapolis, MN 55405
Money Market Savings
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Luminate Bank
Institution Rating:
A5.0 ★Texas Ratio: 9.95%
2523 South Wayzata Boulevard, Minneapolis, MN 55405
Luminate Premier Market Savings* (Personal & Business)
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
(Tiered Rates)
MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
2120 Hennepin Ave, Minneapolis, MN 55405
Business High Yield Savings
2.35%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Introductory APY
MidWestOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.78%
2120 Hennepin Ave, Minneapolis, MN 55405
High Yield Savings
2.35%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Introductory APY
Luminate Bank
Institution Rating:
A5.0 ★Texas Ratio: 9.95%
2523 South Wayzata Boulevard, Minneapolis, MN 55405
Money Market Savings
2.02%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Luminate Bank
Institution Rating:
A5.0 ★Texas Ratio: 9.95%
2523 South Wayzata Boulevard, Minneapolis, MN 55405
Luminate Premier Market Savings* (Personal & Business)
2.00%
$0
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
(Tiered Rates)
North American Banking Co.
Institution Rating:
B-4.4 ★Texas Ratio: 22.80%
4999 France Avenue, Minneapolis, MN 55410
IRA Savings
2.00%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
North American Banking Co.
Institution Rating:
B-4.4 ★Texas Ratio: 22.80%
4999 France Avenue, Minneapolis, MN 55410
Health Savings
2.00%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
1000 Nicollet Mall, Minneapolis, MN 55403
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
Luminate Bank
Institution Rating:
A5.0 ★Texas Ratio: 9.95%
2523 South Wayzata Boulevard, Minneapolis, MN 55405
Money Market Savings
1.76%
$0
▼
Rate1.75%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
1000 Nicollet Mall, Minneapolis, MN 55403
Rainy Day Savings
1.40%
$0
▼
Rate1.39%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
On balances up to $25,000
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
1000 Nicollet Mall, Minneapolis, MN 55403
SafeGuard Savings, Business
1.40%
$0
▼
Rate1.39%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
TruStone Financial Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.44%
2817 Lyndale Ave S, Minneapolis, MN 55408
Traditional and Roth IRA Savings
1.00%
$0
▼
Rate1.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
TruStone Financial Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.44%
2817 Lyndale Ave S, Minneapolis, MN 55408
Health Savings Account
0.30%
$0
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
TruStone Financial Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.44%
2817 Lyndale Ave S, Minneapolis, MN 55408
MoneyWise Primary Share (Youth)
0.30%
$5
▼
Rate0.30%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Latvian Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.30%
3152 17th Ave S, Minneapolis, MN 55407
Regular Shares
0.25%
$5
▼
Rate0.25%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Latvian Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.30%
3152 17th Ave S, Minneapolis, MN 55407
Regular Shares
0.20%
$5
▼
Rate0.20%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
TruStone Financial Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.44%
2817 Lyndale Ave S, Minneapolis, MN 55408
Health Savings Account
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Latvian Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.30%
3152 17th Ave S, Minneapolis, MN 55407
Regular Shares
0.15%
$5
▼
Rate0.15%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
TruStone Financial Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.44%
2817 Lyndale Ave S, Minneapolis, MN 55408
Primary Share Savings
0.10%
$5
▼
Rate0.10%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Transit Operations Federal Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 15.36%
725 N 7TH ST, MINNEAPOLIS, MN 55411
Shares (Savings)
0.10%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
TruStone Financial Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.44%
2817 Lyndale Ave S, Minneapolis, MN 55408
Health Savings Account
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Electric Machinery Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.94%
800 CENTRAL AVE NE, MINNEAPOLIS, MN 55413 2403
Regular Savings Account
0.10%
$5
▼
Rate0.00%
Min Deposit$5
Min Balance—
UpdatedMar 26, 2026
Details
Rates on savings accounts can change quarterly.
Latvian Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.30%
3152 17th Ave S, Minneapolis, MN 55407
Regular Shares
0.10%
$5
▼
Rate0.10%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Affinity Plus Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.62%
2520 University Ave SE, Minneapolis, MN 55414
Business Shares II
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Transit Operations Federal Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 15.36%
725 N 7TH ST, MINNEAPOLIS, MN 55411
Share Draft (free Checking)
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%
2520 University Ave SE, Minneapolis, MN 55414
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%
2520 University Ave SE, Minneapolis, MN 55414
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%
2520 University Ave SE, Minneapolis, MN 55414
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%
2520 University Ave SE, Minneapolis, MN 55414
Business Shares
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Latvian Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.30%
3152 17th Ave S, Minneapolis, MN 55407
Regular Shares
0.05%
$5
▼
Rate0.05%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
1000 Nicollet Mall, Minneapolis, MN 55403
Holiday Club Savings
0.01%
$0
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
1000 Nicollet Mall, Minneapolis, MN 55403
Rainy Day Savings
0.01%
$0
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
On remainder over $50,000
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
1000 Nicollet Mall, Minneapolis, MN 55403
Regular Savings
0.01%
$0
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
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MonitorBankRates
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.
Minneapolis, MN Savings Rate Trends
Compare local Minneapolis, 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%
▼ 0.064 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 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 Minneapolis, 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 Minneapolis, 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 Minneapolis, 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 Minneapolis, 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 Minneapolis, 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 Minneapolis, 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 Minneapolis, Minnesota?
Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Minneapolis, Minnesota offer in-person customer service, which some customers prefer.
How do I open a savings account in Minneapolis, 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 Minneapolis, Minnesota
Here are recent savings rates observed in Minneapolis, Minnesota and the surrounding area:
- MidWestOne Bank
Business High Yield Savings — 3.60% APY - Bell Bank
IRA Variable Rate Savings — 3.56% APY - Luminate Bank
Luminate Radiant Savings — 3.50% APY - Baxter Credit Union
SafeGuard Savings, Municipal — 3.00% APY - The Huntington National Bank
High-Yield Savings — 2.98% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Minneapolis, Minnesota. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 26, 2026
