Are you in search of a savings account?
Minnesota has hundreds of banks that operate within the state. These banks offer a wide variety of online and in-person high-yield savings account options.
No two options are the same, starting with the interest. Different banks offer different annual percentage yield (APY) depending on their operating costs. For example, online banks tend to provide high APY since they have no physical branches to maintain. Apart from the APY, the high-yield savings accounts vary in terms of features such as account minimums, service charges and ease of access.
When choosing an account that is right for you, first consider your needs and preferences. Knowing what you need will help you focus your search on accounts that have features that are important to you. For example, if you prefer using your mobile phone to do all your banking, search for accounts with a robust mobile banking application.
We understand that choosing the right account can be a process. We looked into the interest rates, account fees, minimum requirements, and features of some of Minnesota’s best savings accounts.
Use our comprehensive review to compare the options and find the most suitable match for you today.
This savings account will provide a flat APY regardless of your balance, and you won't worry about monthly fees. A great perk with this account is you can request a free ATM card.
This savings builder account is unique where you need to deposit $100 a month to get the highest APY. If you don't deposit $100+ a month, then you need to maintain $25,000 in the account.
If you don't do either, you won't receive the higher end APY. It's best to go by depositing $100 a month because you will have accumulated a significant balance in a few years without realizing it.
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