Best Banks & Checking Accounts in Minneapolis, Minnesota - May 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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The best checking rates for Minneapolis, Minnesota include Baxter Credit UnionBaxter Credit Union1000 Nicollet Mall, Minneapolis, MN 55403A5.0 ★Texas Ratio: 7.73% PowerPlusTM Checking Level 2 at 8.00% APY, TruStone Financial Credit UnionTruStone Financial Credit Union2817 Lyndale Ave S, Minneapolis, MN 55408A+5.0 ★Texas Ratio: 5.44% TruRate Checking at 4.00% APY, Riverland BankRiverland Bank1621 E Hennepin Ave, Minneapolis, MN 55414A5.0 ★Texas Ratio: 7.67% Non-Profit Checking at 2.02% APY, Woodlands National BankWoodlands National Bank1113 E Franklin Ave, Minneapolis, MN 55404A+5.0 ★Texas Ratio: 5.95% Prime Checking w/ Prime Line of Credit at 0.50% APY, and Bell BankBell Bank40 S 7th St, Minneapolis, MN 55402A+5.0 ★Texas Ratio: 2.41% America's Best Premier Interest Checking* at 0.10% APY. Checking account rates as of May 5, 2026 according to verified data from MonitorBankRates.
Minneapolis has 9 local institutions in our database, with checking rates as high as 8.00% APY from Baxter Credit Union at 1000 Nicollet Mall, Minneapolis, MN, 55403. Use the tabs below to compare all available checking account types. Rates are continually updated — we recommend checking back frequently.
Checking account rates reflect recent market quotes and representative offers available to depositors in Minneapolis, Minnesota. Checking Account Rates Last Updated and Verified: May 5, 2026
Compare Checking Account Rates Today in Minneapolis, Minnesota & the Surrounding Area
Minneapolis, MN 55403
Qualifying balance up to $15000
Minneapolis, MN 55403
Qualifying balance up to $15000
Minneapolis, MN 55408
Qualifying balance up to $20,000.00
Minneapolis, MN 55414
No additional details provided.
Minneapolis, MN 55414
No additional details provided.
Minneapolis, MN 55408
No additional details provided.
Minneapolis, MN 55414
No additional details provided.
Minneapolis, MN 55404
$7.00 monthly service charge applies to this account type.
Minneapolis, MN 55414
No additional details provided.
Minneapolis, MN 55408
$12 fee if average daily balance is less than $7,500; First 250 paper/digital transactions are free, $0.20 each thereafter
Minneapolis, MN 55404
$7.00 monthly service charge applies to this account type.
Minneapolis, MN 55408
$12 fee if average daily balance is less than $7,500; First 250 paper/digital transactions are free, $0.20 each thereafter
Minneapolis, MN 55403
No additional details provided.
Minneapolis, MN 55408
$12 fee if average daily balance is less than $7,500; First 250 paper/digital transactions are free, $0.20 each thereafter
Minneapolis, MN 55402
No additional details provided.
Minneapolis, MN 55408
No additional details provided.
MINNEAPOLIS, MN 55411
Minimum balance to open $20. No minimum balance to maintain. The average balance to earn dividends for the month is $1000.
Minneapolis, MN 55407
$100 minimum to open
Minneapolis, MN 55402
No additional details provided.
Minneapolis, MN 55402
No additional details provided.
Minneapolis, MN 55403
Qualifying balance up to $15000
Minneapolis, MN 55408
Qualifying balance up to $20,000.00
Minneapolis, MN 55403
Qualifying balance up to $15000
Minneapolis, MN 55414
No additional details provided.
Minneapolis, MN 55414
No additional details provided.
Minneapolis, MN 55414
No additional details provided.
Minneapolis, MN 55408
No additional details provided.
Minneapolis, MN 55414
No additional details provided.
Minneapolis, MN 55402
No additional details provided.
Minneapolis, MN 55402
No additional details provided.
Minneapolis, MN 55408
No additional details provided.
Minneapolis, MN 55414
No additional details provided.
Qualifications Required; Qualifying balance up to $7,500.00
Promotional rate for new accounts.
Qualifying balance up to $10,000.00
Qualifying balance up to $25,000.00
No additional details provided.
Qualifying balance up to $20,000
No additional details provided.
Qualifying balance up to $15,000.00
Qualifying balance up to $10,000.00
Qualifying balance up to $20,000
Qualifying balance up to $15,000.00
Qualifications Required; Qualifying balance up to $15,000.00
Qualifying balance up to $10,000.00
Qualifications Required: 4 Criteria Met; On average daily Loyalty Choice Rewards balance; 4 Criteria Met
No additional details provided.
Qualifications Required: 3 Criteria Met; On average daily Loyalty Choice Rewards balance; 3 Criteria Met
Qualifications Required: 2 Criteria Met; On average daily Loyalty Choice Rewards balance; 2 Criteria Met
If 1-4 qualifying criteria are met.
Qualifications Required
No additional details provided.
MINNEAPOLIS, MN 55411
Minimum balance to open $20. No minimum balance to maintain. The average balance to earn dividends for the month is $1000.
dividend with average daily balance of $500 or more
No additional details provided.
No additional details provided.
No additional details provided.
No additional details provided.
No additional details provided.
No additional details provided.
No additional details provided.
Minneapolis, MN 55408
No additional details provided.
No additional details provided.
Qualifying balance up to $5,000
Minneapolis, MN 55408
$12 fee if average daily balance is less than $7,500; First 250 paper/digital transactions are free, $0.20 each thereafter
Minneapolis, MN 55403
No additional details provided.
Minneapolis, MN 55408
$12 fee if average daily balance is less than $7,500; First 250 paper/digital transactions are free, $0.20 each thereafter
Minneapolis, MN 55408
$12 fee if average daily balance is less than $7,500; First 250 paper/digital transactions are free, $0.20 each thereafter
Minneapolis, MN 55402
No additional details provided.
Minneapolis, MN 55402
No additional details provided.
Minneapolis, MN 55408
First 20 paper checks transacted are free, $0.25 each thereafter
Minneapolis, MN 55408
$5 if average daily balance is less than $500; First 100 paper/digital transactions are free, $0.20 each thereafter
Qualifying balance up to $499.99
No additional details provided.
No additional details provided.
No additional details provided.
Qualifying balance up to $149,999.99
No additional details provided.
Qualifying balance up to $24,999.99
No additional details provided.
No additional details provided.
No additional details provided.
Qualifying balance up to $49,999.00
No additional details provided.
Minneapolis, MN Checking Rate Trends
Compare local Minneapolis, MN 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 0.512 points over the past 7 days to 1.077% APY.
Minnesota free checking rates rose 0.070 points over the past 7 days to 1.037% APY.
Methodology & Data Sources
Direct-Sourced & Verified Checking Rate Data: We aggregate checking account rates for Minneapolis, 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 pulling this data straight 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 Minneapolis, 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 Minneapolis, Minnesota earn interest?
Are banks in Minneapolis, Minnesota FDIC insured?
What fees should I watch out for?
What is a Rewards Checking account?
Best Checking Rates in Minneapolis, Minnesota
- Baxter Credit Union
PowerPlusTM Checking Level 2 — 8.00% APY - TruStone Financial Credit Union
TruRate Checking — 4.00% APY - Riverland Bank
Non-Profit Checking — 2.02% APY - Woodlands National Bank
Prime Checking w/ Prime Line of Credit — 0.50% APY - Bell Bank
America's Best Premier Interest Checking* — 0.10% APY
