Minnetonka, 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 Minnetonka, Minnesota and the surrounding area include Baxter Credit UnionBaxter Credit Union9800 Health Care Ln, Minnetonka, MN 55343A5.0 ★Texas Ratio: 7.73% SafeGuard Savings, Municipal at 3.00% APY, The Huntington National BankThe Huntington National Bank1801 Plymouth Rd, Minnetonka, MN 55305A+5.0 ★Texas Ratio: 4.60% High-Yield Savings at 2.98% APY, Highland BankHighland Bank1700 Plymouth Rd, Minnetonka, MN 55305A+5.0 ★Texas Ratio: 1.01% Premier Money Market Savings at 1.66% APY, UMB BankUMB Bank9800 Bren Rd E, Minnetonka, MN 55343A+5.0 ★Texas Ratio: 0.71% UMB Premium Savings at 0.55% APY, and Minnwest BankMinnwest Bank14820 Highway 7, Minnetonka, MN 55345A5.0 ★Texas Ratio: 8.82% Thrift Savings at 0.05% APY. Savings rates as of March 25, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Minnetonka, 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 Minnetonka, Minnesota (MN) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Minnetonka, Minnesota and the surrounding area. Last Updated and Verified: March 25, 2026
Compare the Best Savings Rates in Minnetonka, Minnesota & Surrounding Communities
Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
9800 Health Care Ln, Minnetonka, MN 55343
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%
9800 Health Care Ln, Minnetonka, MN 55343
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%
1801 Plymouth Rd, Minnetonka, MN 55305
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.
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
9800 Health Care Ln, Minnetonka, MN 55343
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
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Premier Money Market Savings
1.66%
$0
▼
Rate1.65%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Premier Money Market Savings
1.61%
$0
▼
Rate1.60%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Premier Money Market Savings
1.56%
$0
▼
Rate1.55%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Premier Money Market Savings
1.46%
$0
▼
Rate1.45%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Commercial Money Market Savings
1.46%
$0
▼
Rate1.45%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
$250,000 +
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
9800 Health Care Ln, Minnetonka, MN 55343
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%
9800 Health Care Ln, Minnetonka, MN 55343
Rainy Day Savings
1.40%
$0
▼
Rate1.39%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
On balances up to $25,000
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Premier Money Market Savings
1.31%
$0
▼
Rate1.30%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
IRA Money Market Savings
1.30%
$0
▼
Rate1.30%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
IRA Money Market Savings
1.15%
$0
▼
Rate1.15%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Premier Money Market Savings
1.06%
$0
▼
Rate1.05%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Commercial Money Market Savings
1.06%
$0
▼
Rate1.05%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
$100,000-$249,999
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Premier Money Market Savings
0.95%
$0
▼
Rate0.95%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Commercial Money Market Savings
0.90%
$0
▼
Rate0.90%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
$50,000-$99,999.99
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
IRA Money Market Savings
0.90%
$0
▼
Rate0.90%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Premier Money Market Savings
0.90%
$0
▼
Rate0.90%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Commercial Money Market Savings
0.80%
$0
▼
Rate0.80%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
$25,000-$49,999.99
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Money Market Savings
0.75%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Premier Money Market Savings
0.70%
$0
▼
Rate0.70%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Commercial Money Market Savings
0.70%
$0
▼
Rate0.70%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
under $25,000
UMB Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.71%
9800 Bren Rd E, Minnetonka, MN 55343
UMB Premium Savings
0.55%
$0
▼
Rate0.55%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Money Market Savings
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
IRA Money Market Savings
0.40%
$0
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
IRA Money Market Savings
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Commercial Statement Savings
0.10%
$200
▼
Rate0.10%
Min Deposit$200
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
Statement Savings
0.10%
$200
▼
Rate0.10%
Min Deposit$200
Min Balance—
UpdatedMar 24, 2026
Details
Highland Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.01%
1700 Plymouth Rd, Minnetonka, MN 55305
IRA Money Market Savings
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Minnwest Bank
Institution Rating:
A5.0 ★Texas Ratio: 8.82%
14820 Highway 7, Minnetonka, MN 55345
Thrift Savings
0.05%
$50
▼
Rate0.05%
Min Deposit$50
Min Balance—
UpdatedMar 20, 2026
Details
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
1809 Plymouth Rd, Minnetonka, MN 55305
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%
1809 Plymouth Rd, Minnetonka, MN 55305
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
MidCountry Bank
Institution Rating:
B+4.8 ★Texas Ratio: 17.71%
14617 Highway 7, Minnetonka, MN 55345
Health Savings Account (HSA)
0.04%
$0
▼
Rate0.04%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
9800 Health Care Ln, Minnetonka, MN 55343
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%
9800 Health Care Ln, Minnetonka, MN 55343
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%
9800 Health Care Ln, Minnetonka, MN 55343
Regular Savings
0.01%
$0
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
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.
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
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
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
Mayo Employees Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.10%
130 23rd Ave SW, Rochester, MN 55902
Premium Money Market Savings
3.40%
$0
▼
Rate3.36%
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
Estate Savings
3.39%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Rates as high as
Mid Minnesota Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.30%
13283 Isle Dr, Baxter, MN 56425 8554
High Yield Savings
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Rates as high as; Qualifying balance up to $199,999.00
Ideal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.40%
8499 Tamarack Rd, Woodbury, MN 55125 9201
High Yield Savings
3.20%
$0
▼
Rate3.15%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Ideal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.40%
8499 Tamarack Rd, Woodbury, MN 55125 9201
High Yield Savings
3.10%
$0
▼
Rate3.05%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Mayo Employees Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.10%
130 23rd Ave SW, Rochester, MN 55902
Premium Money Market Savings
3.05%
$0
▼
Rate3.02%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Building Trades Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.14%
12080 73rd Ave N, Maple Grove, MN 55369
MONEY MARKET SAVINGS
3.04%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
Mid Minnesota Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.30%
13283 Isle Dr, Baxter, MN 56425 8554
YES (Youth Education Savings)
3.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Rates as high as; Qualifying balance up to $500.00
Mid Minnesota Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.30%
13283 Isle Dr, Baxter, MN 56425 8554
Youth Education Savings (YES) Account
3.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Qualifying balance up to $500.00
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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.
Minnetonka, MN Savings Rate Trends
Compare local Minnetonka, 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 Minnetonka, 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 Minnetonka, 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 Minnetonka, 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 Minnetonka, 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 Minnetonka, 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 Minnetonka, 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 Minnetonka, Minnesota?
Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Minnetonka, Minnesota offer in-person customer service, which some customers prefer.
How do I open a savings account in Minnetonka, 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 Minnetonka, Minnesota
Here are recent savings rates observed in Minnetonka, Minnesota and the surrounding area:
- Baxter Credit Union
SafeGuard Savings, Municipal — 3.00% APY - The Huntington National Bank
High-Yield Savings — 2.98% APY - Highland Bank
Premier Money Market Savings — 1.66% APY - UMB Bank
UMB Premium Savings — 0.55% APY - Minnwest Bank
Thrift Savings — 0.05% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Minnetonka, Minnesota. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 25, 2026
