Minnesota Savings Account Rates: Banks Versus Credit Unions

Both community banks and credit unions have garnered reputations as sources of excellent interest rates, which is great to know when you’re looking for the highest rate on your Minnesota savings account. Of course, only one financial institution in the state can have the very best interest rate of all, and you probably want to know where that is. Is it the nearby bank or your community credit union? You’re about to find out.

Below is a list of the best savings account rates in Minnesota, split up by credit unions and banks. Did your financial institution make the list?

Minnesota Banks with the Highest Savings Rates

• Viking Savings Bank: 0.5%
• Cornerstone State Bank: 0.3%
• First Financial Bank in Winnebago: 0.25%
• Beal Bank: 0.25%
• Farmers and Merchants State Bank of Springfield: 0.2%

Credit Unions in Minnesota with the Best Savings Interest Rates

• Unity One Credit Union: 0.75%
• Collegeville Community Credit Union: 0.4%
• Wings Financial Federal Credit Union: 0.25%
• Hiway Credit Union: 0.25%
• Highgrove Community Credit Union: 0.25%

Please note that these rates are accurate as of 6/17/11, but are subject to change at any time.