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iAdvertiser Disclosure
Advertiser Disclosure
Some institutions listed may have a business relationship with MonitorBankRates. Our proprietary systems independently track and verify all rates. Advertiser relationships do not influence our Safety Ratings, Star Ratings, Texas Ratio calculations, or the rates shown.
 Minnesota First Rates & Review October 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Editorial Disclosure
The 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.
✓Fact Checked
Rates Last Updated and Verified: October 14, 2026
Minnesota First's 12-Month Regular CD rates are at 4.00%, 12-Month Special CDs rates are at 4.00%, 10-Month Special CDs rates are at 3.90%, 18-Month Regular CD rates are at 3.65%, 24-Month Regular CD rates are at 3.65%. Minnesota First's savings rates are at 2.75%. MonitorBankRates evaluates the financial stability of Minnesota First with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 0.78%. Rates last updated and verified on 10/14/2026. Minnesota First money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Minnesota First? Share your experience about Minnesota First by leaving a review below, or read customer reviews before you decide to use Minnesota First. Minnesota First Credit and Savings, Incorporated
1932 Viking Dr Nw
https://www.mnfirst.com Rochester, MN 55901 Customer Reviews
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Financial health data as of Q2 2026 (FDIC call report for the quarter ended June 30, 2026). This is the most recent call report available. The FDIC publishes bank call reports about eight weeks after each quarter ends. Minnesota First CD Rates
Minnesota First Savings Rates
Financial Health HistoryMinnesota First’s Texas Ratio fell from 2.01% in Q3 2023 to 0.78% in Q2 2026, so its financial health has improved and is now very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier — this bank’s entire history sits far below the 15% threshold for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures. Swipe the chart sideways to see every quarter.
Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade
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How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops. Show the quarterly figures
Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.
Methodology & Data SourcesMonitorBankRates Star Rating: Our rating for Minnesota First is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions. Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health. Rate Data Aggregation: We gather Minnesota First rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with Minnesota First's official website for the most current offers and terms.
Bank Profile & Overview
Bank Name
Minnesota First
Website
https://www.mnfirst.com
Address
1932 Viking Dr Nw,
Rochester, MN 55901 · Olmsted
FDIC Certificate #
26755
Regulator
FDIC
Established
January 1, 1956
FDIC Insurance Date
August 7, 1986
Domestic Offices
4
Total Branches
4
FDIC Insured
✓ Yes, up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (100/100)
Texas Ratio
0.78%
National Average Texas Ratio
5.85%
Return on Assets (ROA)
0.3107%
Return on Equity (ROE)
2.1800%
Non-Performing Loans Ratio (NPL)
0.11%
Total Assets
$29,891,000
Total Deposits
$24,903,000
Equity Capital
$4,230,000
Net Income
$46,000
Headquarters
Rochester
Total Branches and Offices
4
Source: FDIC — Last Updated June 30, 2026
Customer Reviews
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Frequently Asked Questions About Minnesota FirstDoes Minnesota First offer CDs?Yes. Minnesota First offers certificates of deposit (CDs) with fixed interest rates across multiple term lengths. Its current CD rates, verified by MonitorBankRates, are listed on this page. Are CDs from Minnesota First FDIC insured?Yes. Minnesota First is insured by the Federal Deposit Insurance Corporation (FDIC), so CDs opened there are insured up to $250,000 per depositor, per ownership category. What is the highest CD rate at Minnesota First?The highest CD rate MonitorBankRates has verified for Minnesota First is 4.00% APY on its 12-Months 12-Month Regular CD, as of October 14, 2026. What CD terms does Minnesota First offer?The Minnesota First CD terms we track include 10 month, 12 month, 18 month, 2 year, 3 year, 4 year and 5 year terms, with rates from 3.65% to 4.00% APY. The institution may offer other terms or specials that are not listed here, so check with Minnesota First for its full lineup. What is the highest savings rate at Minnesota First?The highest savings rate MonitorBankRates has verified for Minnesota First is 2.75% APY on its Premium High Yield Savings, as of October 14, 2026. How many branches does Minnesota First operate?Minnesota First currently maintains approximately 4 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is there a first-time homebuyer program?Currently, Minnesota First does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, Minnesota First provides members with tools to manage their accounts and build a solid financial history. Does Minnesota First offer online and mobile banking?Most modern institutions like Minnesota First provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.mnfirst.com. Are all CD rates listed on MonitorBankRates federally insured?Most are. Banks are insured by the FDIC and most credit unions by the NCUA, up to $250,000 per depositor, per ownership category. A small number of credit unions are privately insured instead, and we label them on their pages. MonitorBankRates is not a bank or credit union; deposit insurance comes from the institution where you open the account. I want to open a CD with an institution listed on MonitorBankRates. How do I open the account?You open the account directly with the bank or credit union. Use the View button next to a rate to go to the institution's website, then apply online, by phone or at a branch. Confirm the current rate and terms with the institution before you deposit. If I open a CD I found on MonitorBankRates, is my account with MonitorBankRates or the institution?Your account is with the financial institution. MonitorBankRates is a rate comparison site; we do not open accounts, hold deposits or handle your money. Why are some CD offers not available for me to open?Some offers are limited to certain states or local areas, require membership or an existing account, need a minimum deposit, or were promotions that have since ended. Rates can also change after we verify them. The institution's website has the current eligibility rules. How do Minnesota First rates compare?Minnesota First's top rates are 4.00% APY on its 12-Months 12-Month Regular CD and 2.75% APY on savings, verified by MonitorBankRates on October 14, 2026. To compare Minnesota First with the top rates nationwide, see our best CD rates and best savings rates, updated daily from banks and credit unions across the country. Current Minnesota First Rates
Retrieved from our database of financial products. Rates subject to change.
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