Fargo, North Dakota Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Fargo, North Dakota savings account rates range from 0.05% to 10.00% APY, verified by MonitorBankRates as of October 13, 2026. The best savings rates for Fargo, North Dakota and the surrounding area include Bell BankBell Bank520 Main Ave, Fargo, ND 58103A+5.0 ★Texas Ratio: 3.66%Real return: +0.76%APY minus 2.8% CPI (February 2026) IRA Variable Rate Savings at 3.56% APY, US BankUS Bank401 Broadway North, Fargo, ND 58102A+5.0 ★Texas Ratio: 2.85%Real return: +0.70%APY minus 2.8% CPI (February 2026) Bank Smartly Savings Account at 3.50% APY, Border BankBorder Bank4530 17th Ave S, Fargo, ND 58103A5.0 ★Texas Ratio: 11.40%Real return: +0.50%APY minus 2.8% CPI (February 2026) Limited-Edition Savings Account at 3.30% APY, Empeople Credit UnionEmpeople Credit Union1441 44th ST N, Fargo, ND 58102 2854A+5.0 ★Texas Ratio: 5.75%Real return: +0.45%APY minus 2.8% CPI (February 2026) High Yield Savings at 3.25% APY, and Capital Credit UnionCapital Credit Union4900 13th Ave S, Fargo, ND 58103A5.0 ★Texas Ratio: 10.18%Real return: +0.24%APY minus 2.8% CPI (February 2026) Growth Savings at 3.04% APY.
Fargo has 67 local institutions in our database, with savings rates as high as 3.56% APY from Bell Bank at 520 Main Ave, Fargo, ND 58103. Use the table below to compare all available offers, including options from institutions serving the broader North Dakota area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Fargo, North Dakota and the surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Savings Rates in Fargo, North Dakota & Surrounding Communities
Earn up to 3.50% APY when you are an account owner of a Bank Smartly Checking, Safe Debit account, or Bank SmartlyTM Visa Signature Card and a CQB of at least $25,000. APYs may vary by location and are accurate for accounts opened on today's date. Restrictions apply.
Interest Earning: Annual Percentage Yield; 3.30% APY on balances of $25,000 or greater.
Balance: $5,000+; Qualifications Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days; Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days. APY=Annual Percentage Yield. Rates may change after account is opened. Rate is accurate as of last dividend declaration date. Fees may reduce earnings on the account. Transaction count is NOT a combination of debit and credit card transactions. Debit Card transactions must be posted to the account within the last 31 days and be posted to the account by the end of business day of the last day of the month for it to be considered a qualifying transaction. Credit Card transactions must be posted between the 27th of the previous month and the 26th of the current month to be considered a qualifying tran
- Oct 10, 20263.25%▲ from 0.30%
- Sep 14, 20260.30%first recorded
Balance: 50,000.00+
Balance: $25,000.00 to $99,999.99
Balance: $1,000,000+
Balance: $2,000,000.00 and up
Balance: $2,000,000.00 and up
Balance: $500,000 - $999,999.99
Balance: $0 - 20,000.00
Balance: $250,000.00 - $499,999.99
Balance: $250,000.00 - $499,999.99
Balance: $100,000.00 - $249,999.99
Balance: $100,000.00 - $249,999.99
Balance: $500,000.00 to $999,999.99
Balance: $500,000.00 to $999,999.99
Balance: $100,000.00 to $499,999.99
Balance: $100,000.00 to $499,999.99
Balance: $5000.00 to $99,999.99
Balance: $5,000.00 to $99,999.99
Balance: $5,000.00 - $99,999.99
Balance: $100,000.00 and up
Balance: $5,000.00 - $99,999.99
Balance: $100,000.00 and up
Balance: $250,000 - $499,999.99
Balance: $50,000+
Balance: $0+
Balance: $25,000 - $49,999
Balance: $50,000.00 - $99,999.99
Balance: $50,000.00 - $99,999.99
Balance: $25,000.00 - $49,999.99
Balance: $25,000.00 - $49,999.99
Balance: $10,000 - $24,999
Balance: $1,000.00 - $24,999.99
Balance: $1,000.00 - $24,999.99
Balance: $100,000 - $249,999.99
Balance: $500 - $9,999
Balance: $5,000+; APY=Annual Percentage Yield. Rates may change after account is opened. Rate is accurate as of last dividend declaration date. Fees may reduce earnings on the account. Rate = dividend rate.
- Oct 10, 20260.45%▲ from 0.30%
- Sep 14, 20260.30%first recorded
APY=Annual Percentage Yield. Rates may change after account is opened. Fees may reduce earnings on account. Rate is accurate as of last dividend declaration date. Account opening deposit not required. No minimum balance required to earn advertised APY. Rate = dividend rate. Eligibility to contribute to an HSA is established by the following criteria: 1) Covered under a high deductible health plan (HDHP), 2) Not covered by any other health plan that is not an HDHP (with certain exceptions for plans providing preventative care and limited types of permitted insurance and permitted coverage), and 3) Not enrolled in Medicare.
Balance: $500 - $24,999.99
Balance: 0 - $25,000
*Minimum balance requirements: A minimum daily balance of $25.00 must be maintained to obtain the disclosed annual percentage yield. APY = Annual Percentage Yield. Rates may change after the account is opened. Rate is accurate as of last dividend declaration date. Fees may reduce earnings on the account. Rate = dividend rate.
APY = Annual Percentage Yield
Balance: $0 - $4,999.99; APY=Annual Percentage Yield. Rates may change after account is opened. Rate is accurate as of last dividend declaration date. Fees may reduce earnings on the account. Rate = dividend rate.
APY = Annual Percentage Yield. Rates may change after the account is opened. Fees may reduce earnings on account. Rate is accurate as of the last dividend declaration date. Rate = dividend rate. Secondary Share has no minimum balance to obtain disclosed annual percentage yield.
Balance: 20,000.01+
Balance: $50.00
Balance: $0.00
Balance: $5+
Balance: $0-2,499.99
Balance: $0 - 1,999.99
Balance: $0-2,499.99
Balance: All amounts
Balance: $20,000.01 and over
- Oct 13, 20260.05%▼ from 0.09%
- Sep 14, 20260.09%first recorded
Balance: $0-2,499.99
Qualifications Required: Direct deposit of net pay into Service CU account; serving in a combat zone as defined by Service CU; orders of deployment to a combat zone must be provided; eCommunications is required; Tier: Tier 1. Balance: $0.00. *Warriors deployed in combat zones may deposit up to $10,000 into a Service CU Deployed Warrior Savings Account which earns 10% APY (Annual Percentage Yield) up to $10,000.00. If actual daily balance exceeds $10,000, the remaining balance will receive variable APY of 10%-0.10%. Rates are variable and subject to change; accurate as of 09/08/2026. Service member must be serving in a combat zone as defined by Service CU; orders of deployment to a combat zone must be provided. Direct deposit of net pay is required into members Service CU account. No minimum balance is required to open the Deployed Warrior Savings Account; $5 deposit is required to open a Primary Savings Account. Monthly deposits into a Deployed Warriors Savings Account cannot exceed the amount of your monthly net military pay; however, deposits into the Deployed Warrior Savings Account may be direct deposit, an allotment, or a transfer of funds from a Service CU account. Withdrawals are not permitted from a Deployed Warrior Savings Account. If a withdrawal is made from the Deployed Warrior Savings Account before the redeployment date plus 120 days, the funds in the Deployed Warrior Savings Account will be transferred to the Primary Savings Account, and the Deployed Warrior Savings Account will be closed. The Deployed Warrior Savings Account will stop accruing 10% APY at the end of the month of return date per deployment orders plus 120 days. eCommunications is required.
Balance: $0.00 - $500
Ages 21 and under only (ages 21 yrs. & younger)
- Oct 9, 20262.00%▲ from 1.75%
- Sep 18, 20261.75%first recorded
Balance: $5,001+
Balance: $5,001+
Balance: $100 - $5,000
Balance: $100 - $5,000
Balance: $250,000+
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.
Fargo, ND Savings Rate Trends
Compare local Fargo, ND 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.
North Dakota high-yield savings rates rose 0.134 points over the past 7 days to 1.673% APY, up from 1.539%.
North Dakota standard savings rates rose 0.015 points over the past 7 days to 0.646% APY, up from 0.632%.
Fargo, North Dakota Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current ND high-yield average and a Fed funds spread to project the likely rate trajectory for 2026 to 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 ND high-yield savings average of 1.673% 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 to 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 Fargo, North Dakota.
Savings Account Earnings in Fargo, North Dakota
Annual interest earnings at current ND average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.673% APY) | Monthly Earnings | Standard Savings (0.646% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $83.66 / year | $6.97 | $32.32 / year | $2.69 |
| $10,000 | $167.31 / year | $13.94 | $64.64 / year | $5.39 |
| $25,000 | $418.28 / year | $34.86 | $161.60 / year | $13.47 |
| $50,000 | $836.55 / year | $69.71 | $323.20 / year | $26.93 |
| 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: Fargo, North Dakota savings rate averages as of October 14, 2026. | ||||
About Our Fargo, North Dakota Savings Rate Database
MonitorBankRates found 13 institutions with branches in Fargo (5 banks, 8 credit unions), plus 4 additional state-chartered and national online institutions available to Fargo 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 to 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: Bell Bank offers a savings account at 3.56% APY. Use the rate table above to compare all current offers in Fargo, North Dakota.
How to Find the Best Savings Rates in Fargo, North Dakota
What to compare when shopping for a savings account in Fargo, North Dakota
To find the best savings APYs in Fargo, North Dakota, start with credit unions and online-only banks: Fargo, North Dakota has 12 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 ND high-yield savings average is 1.673% but top local institutions are offering as high as 3.56%, 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 to 6 months of expenses in a liquid, FDIC-insured account. Fargo, North Dakota high-yield savings rates currently average 1.673% APY, far above a typical checking account.
- Short-term savings goals (6 to 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 Fargo, North Dakota institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 17 institutions in Fargo, North Dakota 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 Fargo, North Dakota CD rates
- You want check-writing flexibility Fargo, North Dakota money market rates
- You need daily transaction access Fargo, North Dakota checking rates
Fargo, North Dakota Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
13.3% of residents are 65 or older, below the national average of 17.3%. At today’s ND high-yield savings average of 1.673%, saving 10% of the local median salary ($4,054/year) would earn an additional $68 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Fargo, North Dakota Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Fargo, North Dakota.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current ND Avg APY | 1.673% | 0.646% | 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 to $100 | $25 to $100 | $0 to $2,500 | $500 to $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 Fargo, North Dakota averages tracked in our database as of October 14, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Fargo, North Dakota
At ND’s top rate of 3.56% from Bell Bank, a $10,000 deposit earns $356 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Fargo, North Dakota earner is roughly $10,100. At 1.673% APY, saving $840/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsNorth Dakota’s high-yield savings average is 1.673% 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 Fargo, North Dakota earner makes $40,544/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.673% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.673% APY grows to roughly $34,839 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 Fargo, North Dakota 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 Fargo, North Dakota 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 Fargo, North Dakota. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in ND.
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 Fargo, North Dakota
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Fargo, North Dakota safe?
How often do savings rates change in Fargo, North Dakota?
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 Fargo, North Dakota?
How do I open a savings account in Fargo, North Dakota?
Best Savings Rates in Fargo, North Dakota
- Bell Bank
IRA Variable Rate Savings: 3.56% APY - US Bank
Bank Smartly Savings Account: 3.50% APY - Border Bank
Limited-Edition Savings Account: 3.30% APY - Empeople Credit Union
High Yield Savings: 3.25% APY - Capital Credit Union
Growth Savings: 3.04% APY
Fargo, North Dakota Rates & Resources
