Inver Grove Heights, Minnesota CD Rates Today - Compare Best APYs for June 2026
Brian McKay
Brian McKay
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Current Inver Grove Heights, Minnesota CD rates include My Credit Union Bloomington, MNMy Credit Union Bloomington, MN9050 Buchanan Trl, Inver Grove Heights, MN 55076A5.0 ★Texas Ratio: 7.51%Real return: +1.27%APY minus CPI (February 2026) offering Share & IRA Certificates 60 Months at 4.07% APY, Royal Credit UnionRoyal Credit Union7055 Cahill Ave, Inver Grove Heights, MN 55076A+5.0 ★Texas Ratio: 4.76%Real return: +1.17%APY minus CPI (February 2026) offering 12 month at 3.97% APY, MidCountry BankMidCountry Bank6505 Cahill Ave, Inver Grove Heights, MN 55076B+4.8 ★Texas Ratio: 17.71%Real return: +1.00%APY minus CPI (February 2026) offering Variable Rate Certificate of Deposit 24 Month Term at 3.80% APY, Ideal Credit UnionIdeal Credit Union7791 Amana Trl, Inver Grove Heights, MN 55077 2610A+5.0 ★Texas Ratio: 5.03%Real return: +0.80%APY minus CPI (February 2026) offering 12 Month Certificate at 3.60% APY, and Wells FargoWells Fargo9062 Buchanan Trl, Inver Grove Heights, MN 55076A5.0 ★Texas Ratio: 7.44%Real return: -1.29%APY minus CPI (February 2026) offering 1 year Standard Fixed Rate CD at 1.51% APY. CD rates as of June 16, 2026 according to verified data from MonitorBankRates.
Inver Grove Heights has 77 local institutions in our database, with CD rates as high as 4.07% APY from My Credit Union Bloomington, MN at 9050 Buchanan Trl, Inver Grove Heights, MN 55076. Use the tables below to compare all available CD terms and offers, including options from institutions serving the broader Minnesota area. 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: June 16, 2026
Compare Best CD Rates in Inver Grove Heights, Minnesota & the Surrounding Area
Inver Grove Heights 3 Month CD Rates
Relationship APY: 0.06%. Early withdrawal penalties may apply. Additional terms are available at a branch.
Relationship APY: 0.06%. Early withdrawal penalties may apply. Additional terms are available at a branch.
EARLY WITHDRAWAL PENALTIES (Minimum $25): 91 Days Interest
High-yield CD. $10,000 minimum opening deposit required. Substantial penalty for early withdrawal.
Interest At Maturity
Compounding: Interest At Maturity
Interest At Maturity
Compounding: Interest At Maturity
Interest Rate: 3.50%; APY: 3.55%; Payment Frequency: Maturity
Interest Rate: 3.55%; APY: 3.60%; Payment Frequency: Maturity
Interest At Maturity
Compounding: Interest At Maturity
Interest At Maturity
Compounding: Interest At Maturity
New Purchases
New Purchases
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.
Early Withdrawal Penalty: 1 month
A penalty may be imposed for early withdrawal from a term share account. Fees may reduce account earnings.
Relationship Rate: 2.71% APY: 2.75%
Inver Grove Heights 6 Month CD Rates
Relationship APY: 0.06%. Early withdrawal penalties may apply. Additional terms are available at a branch.
Relationship APY: 0.06%. Early withdrawal penalties may apply. Additional terms are available at a branch.
Limit of one CD per member
$500-$1000,; Limit of one CD per member
EARLY WITHDRAWAL PENALTIES (Minimum $25): 181 Days Interest
Dividends paid at the end of each quarter and at maturity. A dividend penalty will be charged for early withdrawal.
Effective 3/12/26
Early withdrawal from certificates will be subject to a 90-day dividend penalty
Interest At Maturity
Compounding: Interest At Maturity
Interest At Maturity
Compounding: Interest At Maturity
One time NO PENALTY withdrawal.
Special CD Rate. $10,000 minimum opening deposit required. Substantial penalty for early withdrawal.
Interest Rate: 3.50%; APY: 3.53%; Payment Frequency: Maturity
Interest Rate: 3.55%; APY: 3.58%; Payment Frequency: Maturity
Interest At Maturity
Compounding: Interest At Maturity
Interest Compounded: At Maturity
Limited Time Offer: Boost Your Savings with our 6-month Certificate Special! High Yield: Earn an exceptional 3.53% APY* on your investment. Short Term: Lock in your funds for just 6 months and watch your savings grow. Low Minimum Deposit: Start building your wealth with a minimum deposit of only $500.
$50,000 and above
Inver Grove Heights 12 Month CD Rates
Relationship APY: 1.51%. Early withdrawal penalties may apply. Additional terms are available at a branch.
Relationship APY: 1.51%. Early withdrawal penalties may apply. Additional terms are available at a branch.
Special CD rate. Limited time offer.
EARLY WITHDRAWAL PENALTIES (Minimum $25): 181 Days Interest
One of our most popular products with even more savings potential than ever! The Options12 CD allows the one-time ability to change your rate and the ability to withdraw up to 50% of your current balance. In ADDITION to that - it also allows a ONE-time additional deposit to the CD less than or equivalent to the initial deposit. The Options12 CD really is a savers dream. A CD with creative saving abilities combined with great rates - that's our Options12 CD. APY is accurate as of 01/31/25. Limited time offer. Fixed rate CDs. Fees may reduce earnings on account. Penalty will or may be imposed for early withdrawal. You have the option during the original term of this account to exchange your interest rate for a new interest rate. The new interest rate will be the interest rate that the Bank is then offering on the equivalent Options12 CD product, provided you meet all other qualifying terms and conditions for this account. This exchange will be at no cost to you. If you make an exchange, the maturity date of this account will remain the same as originally scheduled. You may exercise this option once only during the original term. IRA and public money exempt from offer.
Annually
Compounding: Annually
Compounding: Annually
Annually
Compounding: Annual
Early withdrawal from certificates will be subject to a 90-day dividend penalty
Interest Rate: 3.50%; APY: 3.50%; Payment Frequency: Maturity
Annually
Compounding: Annually
$100,000 and Above
$100,000 and Above; Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Inver Grove Heights 18 Month CD Rates
EARLY WITHDRAWAL PENALTIES (Minimum $25): 365 Days Interest
Compounding: Annually
Annually
Annually
Compounding: Annually
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.
Compounding: Daily
Penalty for early withdrawal.
Penalty for early withdrawal.
Interest Rate: 3.50%; APY: 3.53%; Payment Frequency: Semiannually
Annually
Compounding: Annually
Interest Rate: 3.55%; APY: 3.58%; Payment Frequency: Semiannually
A penalty may be imposed for early withdrawal from a term share account. Fees may reduce account earnings.
Certificates of Deposit (effective 8-28-24)
Jumbo Dividend Rate: 3.445%, Jumbo APY: 3.50%
Annually
Compounding: Annually
New Purchases
Added Advantage Certificates (includes one-time optional rate increase)
Inver Grove Heights 24 Month CD Rates
Rate applicable to new money only. Fees may reduce earnings. Rates are subject to change. IRA accounts are not eligible. Current Prime Rate 7.00% as of 12/11/2025
Special CD rate. Limited time offer.
EARLY WITHDRAWAL PENALTIES (Minimum $25): 365 Days Interest
$100,000 and Above
$100,000 and Above; Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Penalty for early withdrawal.
Penalty for early withdrawal.
Annually
Compounding: Annually
Certificates of Deposit (effective 8-28-24)
Interest Rate: 3.50%; APY: 3.50%; Payment Frequency: Annually
Annually
Compounding: Annually
Interest Rate: 3.55%; APY: 3.55%; Payment Frequency: Annually
Compounding: Annual
Early Withdrawal Penalty: 1 year
Inver Grove Heights 36 Month CD Rates
$100,000 and Above
$100,000 and Above; Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Penalty for early withdrawal.
Penalty for early withdrawal.
Special CD rate. Limited time offer.
Interest Rate: 3.50%; APY: 3.50%; Payment Frequency: Annually
Annually
Compounding: Annually
Interest Rate: 3.55%; APY: 3.55%; Payment Frequency: Annually
Jumbo Dividend Rate: 3.540%, Jumbo APY: 3.60%
Jumbo Dividend Rate: 3.540%, Jumbo APY: 3.60%
Inver Grove Heights 48 Month CD Rates
$100,000 and Above
$100,000 and Above; Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Penalty for early withdrawal.
Penalty for early withdrawal.
Annually
Compounding: Annually
Jumbo Dividend Rate: 3.540%, Jumbo APY: 3.60%
Jumbo Dividend Rate: 3.540%, Jumbo APY: 3.60%
Annually
Compounding: Annually
Inver Grove Heights 60 Month CD Rates
$100,000 and Above
$100,000 and Above; Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Penalty for early withdrawal.
Penalty for early withdrawal.
Interest Rate: 3.50%; APY: 3.50%; Payment Frequency: Annually
Compounding: Annually
Annually
Interest Rate: 3.55%; APY: 3.55%; Payment Frequency: Annually
Jumbo Dividend Rate: 3.640%, Jumbo APY: 3.70%
Jumbo Dividend Rate: 3.640%, Jumbo APY: 3.70%
Annually
Compounding: Annually
Early Withdrawal Penalty: 6 Month's Interest
Banks and Credit Unions: If you identify an incorrect rate or wish to request removal from MonitorBankRates.com, please contact us here.
Inver Grove Heights, MN CD Rate Trends
Compare local Inver Grove Heights, 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 0.162 points over the past 7 days to 2.479% APY.
Minnesota 6-month CD rates fell 0.058 points over the past 7 days to 1.946% APY.
MN CD Rate Forecast — Next 12 Months
Where are Minnesota CD rates headed through June 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 | 1.345% | $67.24 | $134.48 | $336.20 | $672.40 |
| 6-Month CD | 1.946% | $97.28 | $194.56 | $486.40 | $972.80 |
| 12-Month CD | 2.479% | $123.97 | $247.94 | $619.85 | $1,239.70 |
| 18-Month CD | 2.980% | $148.98 | $297.95 | $744.88 | $1,489.75 |
| 24-Month CD | 2.850% | $142.48 | $284.96 | $712.40 | $1,424.80 |
| 36-Month CD | 2.766% | $138.31 | $276.62 | $691.55 | $1,383.10 |
| 48-Month CD | 2.804% | $140.19 | $280.37 | $700.93 | $1,401.85 |
| 60-Month CD | 2.981% | $149.04 | $298.07 | $745.18 | $1,490.35 |
| Earnings shown are annualized (APY basis). Actual earnings for sub-12-month terms will be proportionally lower at maturity. Rates as of June 16, 2026. | |||||
Sample CD Ladder for Inver Grove Heights, 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 | 1.345% | $67.24 |
| 2 | 6-Month CD | $5,000 | 1.946% | $97.28 |
| 3 | 12-Month CD | $5,000 | 2.479% | $123.97 |
| 4 | 24-Month CD | $5,000 | 2.850% | $142.48 |
| 5 | 36-Month CD | $5,000 | 2.766% | $138.31 |
| Total ($25,000 invested) | $25,000 | 2.277% blended | $569.28/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 Inver Grove Heights, Minnesota
About Our Inver Grove Heights, Minnesota CD Rate Database
MonitorBankRates tracks 741 CD rates from 60 banks and 32 credit unions with locations in Inver Grove Heights, 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: My Credit Union Bloomington, MN offers a CD at 4.07% APY with a minimum deposit of $0. Use the rate table above to compare all current offers in Inver Grove Heights, Minnesota.
How to Find the Best CD Rates in Inver Grove Heights, Minnesota
What to compare when shopping for a CD in Inver Grove Heights, Minnesota
To find the best APYs in Inver Grove Heights, Minnesota, start with credit unions and online-only banks — Inver Grove Heights, Minnesota has 32 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 Inver Grove Heights, 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 Inver Grove Heights, Minnesota — 92 institutions here report CD rates
Consider an Alternative If…
- You may need funds within 30 days → Inver Grove Heights, Minnesota savings rates
- Rates are rising and you want to benefit → Variable-rate savings or MMA
- You want check-writing access → Inver Grove Heights, Minnesota money market rates
Inver Grove Heights, Minnesota Financial Snapshot
Local demographics and economic context for CD savers — Source: U.S. Census Bureau ACS 2024
17.9% of residents are 65 or older, in line with the national average of 17.3%; a low unemployment rate of 3.6% reflects a strong local economy. At today’s MN 12-month CD average of 2.479%, saving 10% of the local median salary ($5,796/year) and putting it in a CD would earn an additional $144 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 Inver Grove Heights, 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 Inver Grove Heights, 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 Inver Grove Heights, 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 Inver Grove Heights, Minnesota as everywhere in the U.S.
Choosing a CD Term in Inver Grove Heights, 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 Inver Grove Heights, Minnesota savers easier access to their funds. For example, Ideal Credit Union is offering its 6 Month Certificate at 3.50% APY. Longer terms such as three or five years usually pay higher rates. On the longer end, My Credit Union Bloomington, MN is offering its Share & IRA Certificates 60 Months at 4.07% 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 Inver Grove Heights, 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 Inver Grove Heights, 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 Inver Grove Heights, 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 Inver Grove Heights, 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 Inver Grove Heights, Minnesota
Most CDs carry a fixed rate that is locked for the entire term, protecting a Inver Grove Heights, 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 Inver Grove Heights, Minnesota
Are CD rates in Inver Grove Heights, Minnesota FDIC insured?
Do I have to pay state taxes on CD interest in Inver Grove Heights, 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 Inver Grove Heights, Minnesota?
- My Credit Union Bloomington, MN: 4.07% APY (Share & IRA Certificates 60 Months)
- Royal Credit Union: 3.97% APY (12 Month Certificate)
- MidCountry Bank: 3.80% APY (Variable Rate Certificate of Deposit 24 Month Term)
- Ideal Credit Union: 3.60% APY (12 Month Certificate)
- Wells Fargo: 1.51% APY (1 year Standard Fixed Rate CD)
- Metropolitan Services Credit Union: 8.00% APY (6 Month NEW Youth CD)
- PSB of Plainview: 4.63% APY (12 Months)
- Cornerstone State Bank: 4.55% APY (IRA 36-48 month C.D.)
- Federated Employees Credit Union: 4.21% APY (60 months)
- Heritage Bank Minnesota: 4.16% APY (6 Month Fixed CD)
CD Calculators for Inver Grove Heights, Minnesota
At today’s MN top rate of 4.07% APY, a $10,000 deposit earns $407 in the first year. Enter your amount to see your exact return.
Inver Grove Heights, Minnesota CD LadderMN CD rates currently range from 1.345% (3-month) to 2.766% (36-month). Model a ladder with local rates to keep cash accessible while maximizing yield.
Early Withdrawal PenaltyBefore locking into a Inver Grove Heights, Minnesota CD at 4.07% 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 2.479% 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 Inver Grove Heights, 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 Inver Grove Heights, 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 Inver Grove Heights, 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.
Inver Grove Heights, Minnesota Rates & Resources
