Deer River, Minnesota CD Rates Today - Compare Best APYs for July 2026
Brian McKay
Brian McKay
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Current Deer River, Minnesota CD rates include PSB of PlainviewPSB of PlainviewA+5.0 ★Texas Ratio: 4.73%Real return: +1.83%APY minus CPI (February 2026) offering 12 Months at 4.63% APY, Cornerstone State BankCornerstone State BankA+5.0 ★Texas Ratio: 0.88%Real return: +1.75%APY minus CPI (February 2026) offering IRA 36-48 month C.D. at 4.55% APY, Heritage Bank MinnesotaHeritage Bank MinnesotaA5.0 ★Texas Ratio: 6.39%Real return: +1.36%APY minus CPI (February 2026) offering 3 Month Fixed CD at 4.16% APY, Falcon National BankFalcon National BankA+5.0 ★Texas Ratio: 2.42%Real return: +1.35%APY minus CPI (February 2026) offering 18-Month CD at 4.15% APY, and First Bank Blue EarthFirst Bank Blue EarthA+5.0 ★Texas Ratio: 2.16%Real return: +1.25%APY minus CPI (February 2026) offering 1-Year CD at 4.05% APY. CD rates as of July 11, 2026 according to verified data from MonitorBankRates.
Deer River is a smaller community with no bank or credit union branches currently in our database. 736 institutions serving the Minnesota area are available to Deer River residents, with CD rates as high as 4.63% APY from PSB of Plainview. Rates are continually updated — we recommend checking back frequently.
The Annual Percentage Yields (APYs) displayed reflect actual verified offers from top-rated institutions. Rates are subject to change at the institution's discretion without notice and may depend on your initial funding amount. A substantial penalty may be imposed for early withdrawal, which could reduce earnings on the account. CD Rates Last Updated and Verified: July 11, 2026
Compare Best CD Rates in Deer River, Minnesota & the Surrounding Area
Deer River 3 Month CD Rates
EARLY WITHDRAWAL PENALTIES (Minimum $25): 91 Days Interest
Advertised rates represent Annual Percentage Yield. Current special rates are subject to change. Substantial penalty for early withdrawal. Each depositor is FDIC-insured up to applicable limits. All accounts are subject to approval. All promotions and accounts are subject to approval, terms and conditions, and may change without notice. For additional terms and conditions contact Prime Security Bank .
Interest At Maturity
Interest At Maturity
Interest At Maturity
Interest At Maturity
Payment Frequency: Maturity
Payment Frequency: Maturity
Interest At Maturity
Payment Frequency: Maturity
Interest At Maturity
Payment Frequency: Maturity
Interest At Maturity
Interest At Maturity
New Purchases
New Purchases
CD'S BELOW HAVE A $500 MINIMUM BALANCE
Early Withdrawal Penalty: 1 month
Traditional and Roth IRA Certificates have a $2,500.00 minimum balance.
APY= Annual Percentage Yield. APY is current as of 07/06/2026. Last changed on 07/06/2026. No minimum balance required to open account or earn APY. The above rates are subject to change at any time without notice. Dividends calculated daily, compounded and paid monthly. Substantial penalty for early withdrawal. Penalties could reduce the earnings and principal on the account. Membership required and account opening upon qualification. Other conditions or restrictions may apply. Refer to our disclosures and service fees for more information.
Deer River 6 Month CD Rates
EARLY WITHDRAWAL PENALTIES (Minimum $25): 181 Days Interest
Effective 3/12/26
Interest At Maturity
Interest At Maturity
Rates effective as of 06/15/2026. Expires on or before 07/12/2026.
Interest At Maturity
Interest At Maturity
Advertised rates represent Annual Percentage Yield. Current special rates are subject to change. $10,000 minimum opening deposit required to obtain the stated Annual Percentage Yield. Substantial penalty for early withdrawal. Each depositor is FDIC-insured up to applicable limits. All accounts are subject to approval. All promotions and accounts are subject to approval, terms and conditions, and may change without notice. For additional terms and conditions contact Prime Security Bank .
Payment Frequency: Maturity
Payment Frequency: Maturity
Interest At Maturity
Interest At Maturity
Payment Frequency: Maturity
Payment Frequency: Maturity
Limited Time Offer: Boost Your Savings with our 6-month Certificate Special! With a 3.53% Annual Percentage Yield (APY), this short-term investment opportunity is designed to maximize your returns while providing the peace of mind of a trusted financial institution.
Interest Compounded: At Maturity
Penalty for early withdrawal.
Early Withdrawal Penalty: 3 month
Interest At Maturity
Interest At Maturity
Deer River 12 Month CD Rates
Renewal Rate Term: 12 Months
Special CD rate. Limited time offer.
EARLY WITHDRAWAL PENALTIES (Minimum $25): 181 Days Interest
Annually
Annually
Annually
Annually
Penalty for early withdrawal.
APY= Annual Percentage Yield. APY is current as of 07/06/2026. Last changed on 07/06/2026. No minimum balance required to open account or earn APY. The above rates are subject to change at any time without notice. Dividends calculated daily, compounded and paid monthly. Substantial penalty for early withdrawal. Penalties could reduce the earnings and principal on the account. Membership required and account opening upon qualification. Other conditions or restrictions may apply. Refer to our disclosures and service fees for more information.
3.77% APY* 12-Month Certificate Royal's certificates can help you save for all of life's milestones with no minimum opening balance and guaranteed returns at maturity. Learn More! APY= Annual Percentage Yield. APY is current as of 07/06/2026. Last changed on 07/06/2026. No minimum balance required to open account or earn APY. The above rates are subject to change at any time without notice. Dividends calculated daily, compounded and paid monthly. Substantial penalty for early withdrawal. Penalties could reduce the earnings and principal on the account. Membership required and account opening upon qualification. Other conditions or restrictions may apply. Refer to our disclosures and service fees for more information.
no gimmicks, no fine print
Moneywise Available
Payment Frequency: Maturity
Payment Frequency: Maturity
Annually
Annually
Deer River 18 Month CD Rates
Rates effective as of 06/15/2026. Expires on or before 07/12/2026.
Penalty for early withdrawal.
Annually
Annually
EARLY WITHDRAWAL PENALTIES (Minimum $25): 365 Days Interest
EARLY WITHDRAWAL PENALTY ON CD'S 1 YEAR AND LESS IS 3 MONTHS OF INTEREST. EARLY WITHDRAWAL PENALTY ON CD'S GREATER THAN 1 YEAR IS 6 MONTHS OF INTEREST. THIS PENALTY MAY INVADE YOUR PRINCIPAL.
Annually
Annually
Payment Frequency: Semiannually
Annually
Annually
Payment Frequency: Semiannually
APY= Annual Percentage Yield. APY is current as of 07/06/2026. Last changed on 07/06/2026. No minimum balance required to open account or earn APY. The above rates are subject to change at any time without notice. Dividends calculated daily, compounded and paid monthly. Substantial penalty for early withdrawal. Penalties could reduce the earnings and principal on the account. Membership required and account opening upon qualification. Other conditions or restrictions may apply. Refer to our disclosures and service fees for more information.
Certificates of Deposit (effective 8-28-24)
Traditional and Roth IRA Certificates have a $2,500.00 minimum balance.
Annually
Annually
New Purchases
Includes one-time optional rate increase
New Purchases
Deer River 24 Month CD Rates
Special CD rate. Limited time offer.
Rate applicable to new money only. Fees may reduce earnings. Rates are subject to change. IRA accounts are not eligible. Current Prime Rate 6.75% as of 12/11/2025
EARLY WITHDRAWAL PENALTIES (Minimum $25): 365 Days Interest
Penalty for early withdrawal.
Annually
Annually
Certificates of Deposit (effective 8-28-24)
Payment Frequency: Annually
Payment Frequency: Annually
Annually
Annually
Payment Frequency: Annually
Payment Frequency: Annually
Early Withdrawal Penalty: 1 year
Traditional and Roth IRA Certificates have a $2,500.00 minimum balance.
Deer River 36 Month CD Rates
Penalty for early withdrawal.
Special CD rate. Limited time offer.
Payment Frequency: Annually
Payment Frequency: Annually
Payment Frequency: Annually
Annually
Annually
Payment Frequency: Annually
Step up Rate
EARLY WITHDRAWAL PENALTIES (Minimum $25): 365 Days Interest
Annually
Annually
Deer River 48 Month CD Rates
Penalty for early withdrawal.
Annually
Annually
Annually
Annually
Early Withdrawal Penalty: 5 Month's Interest
EARLY WITHDRAWAL PENALTIES (Minimum $25): 365 Days Interest
Deer River 60 Month CD Rates
Penalty for early withdrawal.
Payment Frequency: Annually
Payment Frequency: Annually
Payment Frequency: Annually
Payment Frequency: Annually
Annually
Annually
***
Annually
Annually
Traditional and Roth IRA Certificates have a $2,500.00 minimum balance.
Early Withdrawal Penalty: 6 Month's Interest
Early Withdrawal Penalty: 6 Month's Interest
Early Withdrawal Penalty: 6 Month's Interest
Early Withdrawal Penalty: 18 month
Banks and Credit Unions: If you identify an incorrect rate or wish to request removal from MonitorBankRates.com, please contact us here.
Deer River, MN CD Rate Trends
Compare local Deer River, MN CD rate quotes against the statewide average
Daily CD rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Minnesota 12-month CD rates fell 0.147 points over the past 7 days to 2.420% APY.
Minnesota 6-month CD rates fell 0.401 points over the past 7 days to 1.591% APY.
MN CD Rate Forecast — Next 12 Months
Where are Minnesota CD rates headed through July 2027?
Projections based on Fed funds rate futures and historical CD-to-fed-funds spread model. Not financial advice.
What Your Savings Earn at MN CD Rates Today
Annual interest earnings at today’s Minnesota average APYs. State average used where available; national average as fallback.
| CD Term | MN Avg APY | $5,000 | $10,000 | $25,000 | $50,000 |
|---|---|---|---|---|---|
| 3-Month CD | 1.254% | $62.70 | $125.40 | $313.50 | $627.00 |
| 6-Month CD | 1.591% | $79.54 | $159.08 | $397.70 | $795.40 |
| 12-Month CD | 2.420% | $121.00 | $241.99 | $604.98 | $1,209.95 |
| 18-Month CD | 2.989% | $149.44 | $298.87 | $747.18 | $1,494.35 |
| 24-Month CD | 2.968% | $148.38 | $296.75 | $741.88 | $1,483.75 |
| 36-Month CD | 2.890% | $144.48 | $288.96 | $722.40 | $1,444.80 |
| 48-Month CD | 2.867% | $143.33 | $286.65 | $716.63 | $1,433.25 |
| 60-Month CD | 2.921% | $146.06 | $292.11 | $730.28 | $1,460.55 |
| Earnings shown are annualized (APY basis). Actual earnings for sub-12-month terms will be proportionally lower at maturity. Rates as of July 11, 2026. | |||||
Sample CD Ladder for Deer River, Minnesota Savers
$25,000 split equally across 5 terms using today’s Minnesota average rates. As each CD matures, reinvest at the 36-month rung.
| Rung | Term | Deposit | MN Avg APY | Annual Earnings |
|---|---|---|---|---|
| 1 | 3-Month CD | $5,000 | 1.254% | $62.70 |
| 2 | 6-Month CD | $5,000 | 1.591% | $79.54 |
| 3 | 12-Month CD | $5,000 | 2.420% | $121.00 |
| 4 | 24-Month CD | $5,000 | 2.968% | $148.38 |
| 5 | 36-Month CD | $5,000 | 2.890% | $144.48 |
| Total ($25,000 invested) | $25,000 | 2.224% blended | $556.10/yr | |
Ladder example uses equal $5,000 rungs and Minnesota average APYs. Actual earnings depend on the specific institution and product chosen. Use the calculator above to model your exact deposit amounts.
Tracked in Deer River, Minnesota
About Our Deer River, Minnesota CD Rate Database
MonitorBankRates tracks 710 CD rates from 61 banks and 20 credit unions with locations in Deer River, Minnesota, plus national online institutions available to Minnesota 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 (1–5), 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: PSB of Plainview offers a CD at 4.63% APY with a minimum deposit of $0. Use the rate table above to compare all current offers in Deer River, Minnesota.
How to Find the Best CD Rates in Deer River, Minnesota
What to compare when shopping for a CD in Deer River, Minnesota
To find the best APYs in Deer River, Minnesota, start with credit unions and online-only banks — Deer River, Minnesota has 20 credit unions in our database, and they consistently offer some of the highest yields because they have lower overhead than traditional banks and compete aggressively for deposits.
Always compare the APY (Annual Percentage Yield), not just the interest rate. The APY reflects compounding and is the true measure of what you’ll earn.
Also compare the early withdrawal penalty. Common penalties range from 30 to 180 days of interest depending on the term. If you’re unsure whether you’ll need the funds early, a no-penalty CD or a high-yield savings account may be a better fit.
When a CD Makes Sense in Deer River, Minnesota
- You have a planned expense coming up and want your savings to earn while you wait
- You expect rates to fall and want to lock in today’s rate
- You want FDIC or NCUA protection with a guaranteed fixed return
- You prefer banking with an institution that has a local branch in Deer River, Minnesota — 81 institutions here report CD rates
Consider an Alternative If…
- You may need funds within 30 days → Deer River, Minnesota savings rates
- Rates are rising and you want to benefit → Variable-rate savings or MMA
- You want check-writing access → Deer River, Minnesota money market rates
Minnesota Financial Snapshot
Local demographics and economic context for CD savers — Source: U.S. Census Bureau ACS 2024 (state-level data shown — city data not available)
17.3% of residents are 65 or older, in line with the national average of 17.3%. At today’s MN 12-month CD average of 2.420%, saving 10% of the local median salary ($5,083/year) and putting it in a CD would earn an additional $123 annually in interest.
Data: U.S. Census Bureau, American Community Survey 5-Year Estimates 2024. Median earnings from ACS 2023 place-level estimates.
CD Rates vs. Other Savings Options in Deer River, Minnesota
What to compare when choosing between a CD and other deposit accounts
| Feature | CD | High-Yield Savings | Money Market | 6-Month CD |
|---|---|---|---|---|
| Rate Type | Fixed APY | Variable APY | Variable APY | Fixed APY |
| Liquidity | Locked for term | Anytime | Anytime | Locked 6 months |
| Early Withdrawal | Penalty (months of interest) | None | None | Penalty (90–180 days interest) |
| FDIC / NCUA Insured | Yes (up to $250K) | Yes (up to $250K) | Yes (up to $250K) | Yes (up to $250K) |
| Check / Debit Access | No | Usually no | Often yes | No |
| Best For | Known savings goal, CD ladder | Emergency fund, flexible savings | Liquid savings with check-writing | Slightly higher yield, less urgency |
How Certificates of Deposit Work in Deer River, Minnesota
A certificate of deposit (CD) is a deposit account that holds a fixed sum of money for a fixed term, commonly three months to five years, in exchange for a guaranteed interest rate. In return for leaving the money untouched until the term ends, a saver in Deer River, Minnesota typically earns a higher rate than a standard savings account pays. CDs from banks are insured by the FDIC and those from credit unions by the NCUA, in Deer River, Minnesota as everywhere in the U.S.
Choosing a CD Term in Deer River, Minnesota
The term is the length of time the money is committed before the CD matures. Shorter terms such as three or six months give Deer River, Minnesota savers easier access to their funds. For example, Heritage Bank Minnesota is offering its 6 Month Fixed CD at 4.16% APY. Longer terms such as three or five years usually pay higher rates. On the longer end, Genisys Credit Union is offering its 5 Years at 4.03% APY. When a CD matures, the depositor can withdraw the principal and interest or roll the balance into a new term, so it helps to match the term to when the money will actually be needed.
CD Risk and Safety for Deer River, Minnesota Savers
CDs are among the lowest-risk savings products available because the rate is fixed for the full term and the balance is federally insured up to $250,000 per depositor, per institution, per ownership category. For a Deer River, Minnesota saver, the main trade-off is liquidity: withdrawing funds before maturity usually triggers an early-withdrawal penalty, often 30 to 180 days of interest depending on the term.
How CD Interest Is Paid in Deer River, Minnesota
Interest on a CD is calculated using the annual percentage yield (APY), which reflects the effect of compounding over a year. Depending on the institution, interest may be credited monthly, quarterly, or at maturity, and can be paid out to a linked account or added back to the CD to compound. When comparing the Deer River, Minnesota CDs listed above, a saver gets the truest picture of total earnings by looking at APY rather than the nominal rate.
Fixed vs. Variable CD Rates in Deer River, Minnesota
Most CDs carry a fixed rate that is locked for the entire term, protecting a Deer River, Minnesota depositor if market rates fall after the account is opened. Some institutions offer variable-rate or bump-up CDs whose rate can change during the term; these may start lower but allow the rate to rise if conditions improve. Which is better depends on the direction a saver expects rates to move.
Frequently Asked Questions about CD Rates in Deer River, Minnesota
Are CD rates in Deer River, Minnesota FDIC insured?
Do I have to pay state taxes on CD interest in Deer River, Minnesota?
Can I withdraw my money early from a CD?
What is the difference between a Jumbo CD and a regular CD?
Are fixed-rate CDs better than variable-rate CDs?
What is a CD ladder?
Best CD rates in Deer River, Minnesota?
- PSB of Plainview: 4.63% APY (12 Months)
- Cornerstone State Bank: 4.55% APY (IRA 36-48 month C.D.)
- Heritage Bank Minnesota: 4.16% APY (3 Month Fixed CD)
- Falcon National Bank: 4.15% APY (18-Month CD)
- First Bank Blue Earth: 4.05% APY (1-Year CD)
- American National Bank of Minnesota: 4.04% APY (6-Month CD Special)
- Genisys Credit Union: 4.04% APY (4 Years)
- Members Choice WV Federal Credit Union: 4.01% APY (IRA Certificate 2 Year)
- Sentry Bank: 4.00% APY (12 Month CD Special)
- Ultima Bank Minnesota: 4.00% APY (12 Months)
CD Calculators for Deer River, Minnesota
At today’s MN top rate of 4.63% APY, a $10,000 deposit earns $463 in the first year. Enter your amount to see your exact return.
Deer River, Minnesota CD LadderMN CD rates currently range from 1.254% (3-month) to 2.890% (36-month). Model a ladder with local rates to keep cash accessible while maximizing yield.
Early Withdrawal PenaltyBefore locking into a Deer River, Minnesota CD at 4.63% APY, know your exit cost. Most institutions charge 90–180 days of interest — calculate your real net return if you need early access.
CD vs. High-Yield SavingsMinnesota’s average 12-month CD is 2.420% APY. Compare locking in that rate against a flexible high-yield savings account to see which earns more for your deposit and timeline.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Deer River, Minnesota CD 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 CD Rate Data: We aggregate certificate of deposit (CD) rates for Deer River, Minnesota directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the institutions' own digital properties and manually verifying yields daily, every rate 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 Deer River, Minnesota. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to high-yield CDs from large national institutions available to savers in MN.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update CD rates daily. Because yields can fluctuate rapidly, every CD product listed features its own specific “last updated” date for full transparency.
Deer River, Minnesota Rates & Resources
