Rochester, Minnesota CD Rates Today - Compare Best APYs for July 2026
Brian McKay
Brian McKay
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Current Rochester, Minnesota CD rates include Minnesota FirstMinnesota First1932 Viking Dr Nw, Rochester, MN 55901A+5.0 ★Texas Ratio: 2.01%Real return: +1.20%APY minus CPI (February 2026) offering Special Certificate of Deposit 12 Months at 4.00% APY, First Alliance Credit UnionFirst Alliance Credit Union501 16th St SE, Rochester, MN 55904A5.0 ★Texas Ratio: 8.88%Real return: +1.20%APY minus CPI (February 2026) offering 18 Month at 4.00% APY, Mayo Employees Federal Credit UnionMayo Employees Federal Credit Union130 23rd Ave SW, Rochester, MN 55902A+5.0 ★Texas Ratio: 0.10%Real return: +0.90%APY minus CPI (February 2026) offering 4 years at 3.70% APY, Wells FargoWells Fargo21 1st St Sw, Rochester, MN 55902A5.0 ★Texas Ratio: 7.44%Real return: -1.29%APY minus CPI (February 2026) offering 1 year Standard Interest Rate at 1.51% APY, and Metropolitan Services Credit UnionMetropolitan Services Credit UnionA+5.0 ★Texas Ratio: 0.00%Real return: +5.20%APY minus CPI (February 2026) offering 6 Month NEW Youth CD at 8.00% APY. CD rates as of July 16, 2026 according to verified data from MonitorBankRates.
Rochester has 31 local institutions in our database, with CD rates as high as 4.00% APY from Minnesota First at 1932 Viking Dr Nw, Rochester, MN 55901. 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: July 16, 2026
Compare Best CD Rates in Rochester, Minnesota & the Surrounding Area
Rochester 3 Month CD Rates
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
Special CD Rate. $10,000 minimum opening deposit required. Substantial penalty for early withdrawal.
Compounding: Interest At Maturity
Interest At Maturity
Compounding: Interest At Maturity
Interest At Maturity
Compounding: Interest At Maturity
Interest At Maturity
Compounding: Interest At Maturity
Interest At Maturity
New Purchases
$100,000 and above
Under $100,000
Rates Effective 03/01/2025
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
Maximum $5000
Traditional and Roth IRA Certificates have a $2,500.00 minimum balance.
Not available as an HSA or IRA. Rates as high as 1.35% APY
Rochester 6 Month CD Rates
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
A dividend penalty will be charged for early withdrawal. 60 day early withdrawal penalty on 6 Month CD.
Effective 7/01/26
Early withdrawal from certificates will be subject to a 90-day dividend penalty
Interest At Maturity
Compounding: Interest At Maturity
Rates effective as of 06/15/2026. Expires on or before 08/16/2026.
Compounding: Interest At Maturity
Interest At Maturity
One time NO PENALTY withdrawal.
Special CD Rate.
Compounding: Interest At Maturity
Interest At Maturity
Interest Compounded: At 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. Open a Certificate
Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Early Withdrawal Penalty: 3 month
Compounding: Interest At Maturity
Interest At Maturity
Rochester 12 Month CD Rates
Renewal Rate Term: 12 Months
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.
Relationship APY 1.51%
Special CD rate. Limited time offer.
Additional deposits of $10 or more up to the max limit allowed per day. Youth Flex Certificate is only for members from ages 0-21. One time option to change the rate offered on the same product. One time option to withdraw up to 25% of principal with no penalty.
EARLY WITHDRAWAL PENALTIES (Minimum $25): 181 Days Interest
APY* is subject to change at any time. Penalty for early withdrawal.
Compounding: Annually
Annually
Compounding: Annually
Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Annually
Moneywise Available
Early withdrawal from certificates will be subject to a 90-day dividend penalty
Compounding: Annually
Annually
Rochester 18 Month CD Rates
Rates effective as of 06/15/2026. Expires on or before 08/16/2026.
Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Compounding: Annually
Annually
EARLY WITHDRAWAL PENALTIES (Minimum $25): 365 Days Interest
Compounding: Annually
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: Annually
Annually
Rates as high as 3.50% APY
Traditional and Roth IRA Certificates have a $2,500.00 minimum balance.
Compounding: Annually
Annually
New Purchases
$100,000 and above
Includes one-time optional rate increase
New Purchases
Under $100,000
Rochester 24 Month CD Rates
Special CD rate. Limited time offer.
APY* is subject to change at any time. Penalty for early withdrawal.
EARLY WITHDRAWAL PENALTIES (Minimum $25): 365 Days Interest
Rate: Prime minus 3.00%; Current Prime Rate 6.75% as of 12/11/2025; Fees may reduce earnings. Rates are subject to change. IRA accounts are not eligible. New money only.
Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Compounding: Annually
Annually
Compounding: Annually
Annually
Rates as high as 3.50% APY
Early Withdrawal Penalty: 1 year
Traditional and Roth IRA Certificates have a $2,500.00 minimum balance.
Early withdrawal from certificates will be subject to a 90-day dividend penalty
Rochester 36 Month CD Rates
APY* is subject to change.
APY* is subject to change.
APY* is subject to change.
APY* is subject to change at any time. Penalty for early withdrawal.
Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Special CD rate. Limited time offer.
Compounding: Annually
Annually
Rates as high as 3.50% APY
Jumbo Dividend Rate: 3.540%, Jumbo APY: 3.60%
EARLY WITHDRAWAL PENALTIES (Minimum $25): 365 Days Interest
Annually
Compounding: Annually
Rochester 48 Month CD Rates
APY* is subject to change at any time. Penalty for early withdrawal.
Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Compounding: Annually
Annually
Rates as high as 3.50% APY
Jumbo Dividend Rate: 3.540%, Jumbo APY: 3.60%
Compounding: Annually
Annually
Early Withdrawal Penalty: 5 Month's Interest
Jumbo Dividend Rate: 3.300%, Jumbo APY: 3.35%. Rate Bump Option: Allows a one-time "bump" to the current rate during certificate term.
EARLY WITHDRAWAL PENALTIES (Minimum $25): 365 Days Interest
Rochester 60 Month CD Rates
APY* is subject to change.
APY* is subject to change.
APY* is subject to change.
APY* is subject to change at any time. Penalty for early withdrawal.
Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.
Compounding: Annually
Annually
Jumbo Dividend Rate: 3.640%, Jumbo APY: 3.70%
Annually
Compounding: Annually
Traditional and Roth IRA Certificates have a $2,500.00 minimum balance.
Early Withdrawal Penalty: 6 Month's Interest
Jumbo Dividend Rate: 3.400%, Jumbo APY: 3.45%. Rate Bump Option: Allows a one-time "bump" to the current rate during certificate term.
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.
Rochester, MN CD Rate Trends
Compare local Rochester, 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 rose 0.102 points over the past 7 days to 2.531% APY.
Minnesota 6-month CD rates rose 0.444 points over the past 7 days to 2.067% 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 | 1.382% | $69.11 | $138.22 | $345.55 | $691.10 |
| 6-Month CD | 2.067% | $103.36 | $206.71 | $516.78 | $1,033.55 |
| 12-Month CD | 2.531% | $126.53 | $253.05 | $632.63 | $1,265.25 |
| 18-Month CD | 2.904% | $145.20 | $290.40 | $726.00 | $1,452.00 |
| 24-Month CD | 2.911% | $145.54 | $291.07 | $727.68 | $1,455.35 |
| 36-Month CD | 2.757% | $137.83 | $275.65 | $689.13 | $1,378.25 |
| 48-Month CD | 2.776% | $138.82 | $277.63 | $694.08 | $1,388.15 |
| 60-Month CD | 2.758% | $137.90 | $275.80 | $689.50 | $1,379.00 |
| Earnings shown are annualized (APY basis). Actual earnings for sub-12-month terms will be proportionally lower at maturity. Rates as of July 16, 2026. | |||||
Sample CD Ladder for Rochester, 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 | 1.382% | $69.11 |
| 2 | 6-Month CD | $5,000 | 2.067% | $103.36 |
| 3 | 12-Month CD | $5,000 | 2.531% | $126.53 |
| 4 | 24-Month CD | $5,000 | 2.911% | $145.54 |
| 5 | 36-Month CD | $5,000 | 2.757% | $137.83 |
| Total ($25,000 invested) | $25,000 | 2.329% blended | $582.37/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 Rochester, Minnesota
About Our Rochester, Minnesota CD Rate Database
MonitorBankRates tracks 756 CD rates from 56 banks and 31 credit unions with locations in Rochester, 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: Minnesota First offers a CD at 4.00% APY with a minimum deposit of $5,000. Use the rate table above to compare all current offers in Rochester, Minnesota.
How to Find the Best CD Rates in Rochester, Minnesota
What to compare when shopping for a CD in Rochester, Minnesota
To find the best APYs in Rochester, Minnesota, start with credit unions and online-only banks — Rochester, Minnesota has 31 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 Rochester, 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 Rochester, Minnesota — 87 institutions here report CD rates
Consider an Alternative If…
- You may need funds within 30 days → Rochester, Minnesota savings rates
- Rates are rising and you want to benefit → Variable-rate savings or MMA
- You want check-writing access → Rochester, Minnesota money market rates
Rochester, Minnesota Financial Snapshot
Local demographics and economic context for CD savers — Source: U.S. Census Bureau ACS 2024
16.3% of residents are 65 or older — below the national average of 17.3%; a low unemployment rate of 3.7% reflects a strong local economy. At today’s MN 12-month CD average of 2.531%, saving 10% of the local median salary ($5,292/year) and putting it in a CD would earn an additional $134 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 Rochester, 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 Rochester, 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 Rochester, 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 Rochester, Minnesota as everywhere in the U.S.
Choosing a CD Term in Rochester, 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 Rochester, Minnesota savers easier access to their funds. For example, Mayo Employees Federal Credit Union is offering its 6 months at 3.70% APY. Longer terms such as three or five years usually pay higher rates. On the longer end, First Alliance Credit Union is offering its 60 Month at 3.75% 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 Rochester, 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 Rochester, 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 Rochester, 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 Rochester, 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 Rochester, Minnesota
Most CDs carry a fixed rate that is locked for the entire term, protecting a Rochester, 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 Rochester, Minnesota
Are CD rates in Rochester, Minnesota FDIC insured?
Do I have to pay state taxes on CD interest in Rochester, 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 Rochester, Minnesota?
- Minnesota First: 4.00% APY (Special Certificate of Deposit 12 Months)
- First Alliance Credit Union: 4.00% APY (18 Month)
- Mayo Employees Federal Credit Union: 3.70% APY (6 months)
- Wells Fargo: 1.51% APY (1 year Standard Interest Rate)
- Metropolitan Services Credit Union: 8.00% APY (6 Month NEW Youth CD)
- PSB of Plainview: 4.63% APY (12 Months CD)
- Cornerstone State Bank: 4.55% APY (IRA 36-48 month C.D.)
- My Credit Union Bloomington, MN: 4.25% APY (Share & IRA Certificates - 60 Months)
- Federated Employees Credit Union: 4.21% APY (60 months)
- Heritage Bank Minnesota: 4.16% APY (3 Month Fixed CD)
CD Calculators for Rochester, Minnesota
At today’s MN top rate of 4.00% APY, a $10,000 deposit earns $400 in the first year. Enter your amount to see your exact return.
Rochester, Minnesota CD LadderMN CD rates currently range from 1.382% (3-month) to 2.757% (36-month). Model a ladder with local rates to keep cash accessible while maximizing yield.
Early Withdrawal PenaltyBefore locking into a Rochester, Minnesota CD at 4.00% 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 2.531% 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 Rochester, 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 Rochester, 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 Rochester, 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.
Rochester, Minnesota Rates & Resources
