Best Checking Accounts & Rates in Minnesota - June 2026
Brian McKay
Brian McKay
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The best checking rates for Minnesota include Baxter Credit UnionBaxter Credit Union2 Scimed Pl, Maple Grove, MN 55311 1565A5.0 ★Texas Ratio: 7.04% PowerPlusTM Checking at 8.00% APY, Highland BankHighland Bank2100 Ford Pkwy, Saint Paul, MN 55116A+5.0 ★Texas Ratio: 1.01% at 5.00% APY, PSB of PlainviewPSB of Plainview100 4th Ave Se, Plainview, MN 55964A+5.0 ★Texas Ratio: 4.73% Express Checking with Interest at 5.00% APY, Ideal Credit UnionIdeal Credit Union8499 Tamarack Rd, Woodbury, MN 55125 9201A+5.0 ★Texas Ratio: 5.03% High Yield Checking at 5.00% APY, and Connexus Credit UnionConnexus Credit Union5825 Xerxes Ave N, Brooklyn Center, MN 55430B-4.3 ★Texas Ratio: 16.30% Xtraordinary Checking at 4.50% APY. Checking account rates as of June 16, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare checking account rates across Minnesota side-by-side. Minnesota checking rates currently reach as high as 8.00% APY from Baxter Credit Union at 2 Scimed Pl, Maple Grove, MN, 55311 1565. Rates are continually updated — we recommend checking back frequently.
Checking account rates reflect recent market quotes and representative offers available to depositors in Minnesota. Checking Account Rates Last Updated and Verified: June 16, 2026
Compare Checking Account Rates Today in Minnesota
Minnesota Checking Account Rates
Maple Grove, MN 55311 1565
Level 2 on balances up to $15000
Saint Paul, MN 55116
Qualifying balance up to $10,000.00; Monthly
Plainview, MN 55964
No additional details provided.
Woodbury, MN 55125 9201
Non-Qualified Rate: 0.05%
Brooklyn Center, MN 55430
No additional details provided.
Duluth, MN 55802
No additional details provided.
Litchfield, MN 55355
Qualifications Required: All balances if qualifications not met; Qualifying balance up to $15,000.00
Maple Grove, MN 55311 1565
Level 1 on balances up to $15000
Lake Crystal, MN 56055
Qualifications Required; Earn up to 3.09% annual percentage yield on balances between $0.01 and $15,000. Balances over $15,000 will earn an interest rate on the portion of the balance over $15,000, resulting in a range of 3.09% to 0.23% APY depending on the balance. Fees may reduce the earnings on the account.
Apple Valley, MN 55124
Qualifying balance up to $19,999.99
Raymond, MN 56282
Qualifying balance up to $100,000.00
Lake City, MN 55041
Qualifications Required; Intro rate expires: 12 months
Saint Louis Park, MN 55416
Balances up to $3,000,000.00
Faribault, MN 55021
No additional details provided.
Elko New Market, MN 55054
Tiered rate based on balance.
Jackson, MN 56143
Qualifications Required: 14 Mastercard debit purchases each statement cycle; 1 ACH auto debit or direct deposit; enroll and receive online statements; Balances up to $20,000 receive APY of 2.00%; balances over $20,000 earn 1.00% interest rate on the portion of the balance over $20,000, resulting in 1.00% - 2.00% APY, depending on the balance.
Raymond, MN 56282
Qualifying balance up to $100,000.00
Jordan, MN 55352
No additional details provided.
Faribault, MN 55021
Qualifying balance up to $100,000.99
Saint Louis Park, MN 55416
No additional details provided.
Minnesota High Yield Checking Rates
Maple Grove, MN 55311 1565
Level 2 on balances up to $15000
Saint Paul, MN 55116
Qualifying balance up to $10,000.00; Monthly
Plainview, MN 55964
No additional details provided.
Woodbury, MN 55125 9201
Non-Qualified Rate: 0.05%
Brooklyn Center, MN 55430
No additional details provided.
Duluth, MN 55802
No additional details provided.
Litchfield, MN 55355
Qualifications Required: All balances if qualifications not met; Qualifying balance up to $15,000.00
Maple Grove, MN 55311 1565
Level 1 on balances up to $15000
Lake Crystal, MN 56055
Qualifications Required; Earn up to 3.09% annual percentage yield on balances between $0.01 and $15,000. Balances over $15,000 will earn an interest rate on the portion of the balance over $15,000, resulting in a range of 3.09% to 0.23% APY depending on the balance. Fees may reduce the earnings on the account.
Apple Valley, MN 55124
Qualifying balance up to $19,999.99
Raymond, MN 56282
Qualifying balance up to $100,000.00
Lake City, MN 55041
Qualifications Required; Intro rate expires: 12 months
Saint Louis Park, MN 55416
Balances up to $3,000,000.00
Faribault, MN 55021
No additional details provided.
Elko New Market, MN 55054
Tiered rate based on balance.
Jackson, MN 56143
Qualifications Required: 14 Mastercard debit purchases each statement cycle; 1 ACH auto debit or direct deposit; enroll and receive online statements; Balances up to $20,000 receive APY of 2.00%; balances over $20,000 earn 1.00% interest rate on the portion of the balance over $20,000, resulting in 1.00% - 2.00% APY, depending on the balance.
Raymond, MN 56282
Qualifying balance up to $100,000.00
Jordan, MN 55352
No additional details provided.
Faribault, MN 55021
Qualifying balance up to $100,000.99
Saint Louis Park, MN 55416
Up to $499.99
Minnesota Rewards Checking Rates
Saint Paul, MN 55116
Qualifying balance up to $10,000.00; Monthly
Litchfield, MN 55355
Qualifications Required: All balances if qualifications not met; Qualifying balance up to $15,000.00
Lake Crystal, MN 56055
Qualifications Required; Earn up to 3.09% annual percentage yield on balances between $0.01 and $15,000. Balances over $15,000 will earn an interest rate on the portion of the balance over $15,000, resulting in a range of 3.09% to 0.23% APY depending on the balance. Fees may reduce the earnings on the account.
Elko New Market, MN 55054
Tiered rate based on balance.
Jackson, MN 56143
Qualifications Required: 14 Mastercard debit purchases each statement cycle; 1 ACH auto debit or direct deposit; enroll and receive online statements; Balances up to $20,000 receive APY of 2.00%; balances over $20,000 earn 1.00% interest rate on the portion of the balance over $20,000, resulting in 1.00% - 2.00% APY, depending on the balance.
Jackson, MN 56143
Qualifications Required: 14 Mastercard debit purchases each statement cycle; 1 ACH auto debit or direct deposit; enroll and receive online statements; Balances up to $20,000 receive APY of 2.00%; balances over $20,000 earn 1.00% interest rate on the portion of the balance over $20,000, resulting in 1.00% - 2.00% APY, depending on the balance.
Moose Lake, MN 55767
No additional details provided.
Cloquet, MN 55720
If 1-4 qualifying criteria are met.
Elko New Market, MN 55054
Tiered rate based on balance.
Saint Paul, MN 55116
If qualifications are not met; Monthly
Sanborn, MN 56083
Qualifying balance $25,000 and over
Sanborn, MN 56083
Qualifying balance up to $24,999.99
Jackson, MN 56143
Qualifications Required: 14 Mastercard debit purchases each statement cycle; 1 ACH auto debit or direct deposit; enroll and receive online statements; If qualifications are not met, all balances earn 0.01% APY.
Sanborn, MN 56083
Qualifying balance up to $9,999.99
Sanborn, MN 56083
Qualifying balance up to $999.99
Cloquet, MN 55720
No additional details provided.
Minnesota Free Checking Rates
Brainerd, MN 56401
Dividend rate of .15% with average daily balance of $500 or more. No per-check or monthly service charge. Free Network ATMs. Instant Issue Debit Cards. Digital Wallet connected to your Debit Card. Free Visa Gift Cards. PowerTeller (Online Banking) and E-statements. No-fee overdraft transfers from Savings or Line of Credit. Online bill pay. No minimum balance required. No-fee Official Cashier Checks.
Apple Valley, MN 55124
No additional details provided.
Princeton, MN 55371
New checking clients can earn up to $600 when completing qualifying activities. Promotional offers are not available for customers with an existing Old National Bank personal checking account (including owners; signers on joint accounts), personal checking accounts closed within the last 36 months or have been paid on an Old National personal checking promotional bonus in the past 36 months or Old National Bank employees.
Saint Paul, MN 55106 5845
No additional details provided.
Cloquet, MN 55720
No additional details provided.
South St Paul, MN 55075
No additional details provided.
Minnesota Student Checking Rates
Brooklyn Center, MN 55430
No additional details provided.
Oakdale, MN 55128 7151
Up to $5,000
Minnesota Business Checking Rates
Saint Louis Park, MN 55416
No additional details provided.
Atwater, MN 56209
No additional details provided.
Madison Lake, MN 56063
No additional details provided.
Baxter, MN 56425 8554
Zero maintenance fees. Federally insured by NCUA, Certain restrictions apply.
Atwater, MN 56209
No additional details provided.
Madison Lake, MN 56063
No additional details provided.
Atwater, MN 56209
No additional details provided.
Madison Lake, MN 56063
No additional details provided.
Atwater, MN 56209
No additional details provided.
Chatfield, MN 55923
No additional details provided.
Maple Grove, MN 55311 1565
No additional details provided.
Chatfield, MN 55923
No additional details provided.
Eagan, MN 55121 7707
No additional details provided.
Elko New Market, MN 55054
No additional details provided.
Eagan, MN 55121 7707
No additional details provided.
Baxter, MN 56425 8554
Rates as high as 0.10% APY $5,000 -$9,999 balance Rates as high as 0.20% APY $10,000-$49,999 balance Rates as high as 0.20% APY Over $50,000 balance
Hawley, MN 56549
No additional details provided.
Hawley, MN 56549
No additional details provided.
Elko New Market, MN 55054
No additional details provided.
Elko New Market, MN 55054
No additional details provided.
Minnesota Checking Rate Trends
Compare local Minnesota checking rate quotes against the statewide average
Daily checking rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Minnesota high-yield checking rates fell 0.761 points over the past 7 days to 1.008% APY.
Minnesota free checking rates fell 0.206 points over the past 7 days to 0.913% APY.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Minnesota checking 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 Checking Rate Data: We aggregate checking account rates for Minnesota directly from the official websites of banks and credit unions using a combination of our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing this data from the institutions’ own digital properties and manually verifying the yields daily, we ensure that every checking rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems and team constantly monitor the market to provide a complete picture of available yields in Minnesota. We feature a comprehensive mix of financial institutions, allowing you to easily compare localized checking rates from neighborhood credit unions, competitive offers from mid-sized regional banks, and high-yield checking accounts available to account holders in MN.
Daily Updates & Time-Stamped Accuracy: To maintain the highest level of data integrity, our rate updaters verify and update checking rates daily. Because checking account yields can fluctuate based on market conditions, every single checking product listed on our platform features its own specific “last updated” date.
Frequently Asked Questions
Do checking accounts in Minnesota earn interest?
Are banks in Minnesota FDIC insured?
What fees should I watch out for?
What is a Rewards Checking account?
Best Checking Rates in Minnesota
- Baxter Credit Union
PowerPlusTM Checking — 8.00% APY - Highland Bank
— 5.00% APY - PSB of Plainview
Express Checking with Interest — 5.00% APY - Ideal Credit Union
High Yield Checking — 5.00% APY - Connexus Credit Union
Xtraordinary Checking — 4.50% APY
Checking Account Rates by City in Minnesota
