Best Money Market Rates in Minnesota - June 2026
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Brian McKay
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Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
Current Minnesota money market deposit account rates include South Metro Federal Credit UnionSouth Metro Federal Credit Union2573 Credit Union Dr, PRIOR LAKE, MN 55372A+5.0 ★Texas Ratio: 2.84% ELITE WEALTH Money Market Savings at 4.00% APY, Security State Bank of MarineSecurity State Bank of Marine120 Judd St, Marine On St Croix, MN 55047A+5.0 ★Texas Ratio: 0.11% Money Market Platinum at 3.56% APY, Baxter Credit UnionBaxter Credit Union2 Scimed Pl, Maple Grove, MN 55311 1565A5.0 ★Texas Ratio: 7.04% Money Market Special Intro rate at 3.50% APY, North Shore Bank of CommerceNorth Shore Bank of Commerce131 W Superior St, Duluth, MN 55802A+5.0 ★Texas Ratio: 2.16% Preferred Investment Max | Money Market at 3.50% APY, and Mayo Employees Federal Credit UnionMayo Employees Federal Credit Union130 23rd Ave SW, Rochester, MN 55902A+5.0 ★Texas Ratio: 0.10% Premium Money Market Savings at 3.40% APY. Money market rates as of June 16, 2026 according to verified data from MonitorBankRates.
Use the tables below to compare money market rates across Minnesota side-by-side. Minnesota money market rates currently reach as high as 4.00% APY from South Metro Federal Credit Union at 2573 Credit Union Dr, PRIOR LAKE, MN 55372. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Minnesota and surrounding area. Last Updated and Verified: June 16, 2026
Compare the Best Money Market Rates Today in Minnesota
Source: Verified Money Market Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
South Metro Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.84%
2573 Credit Union Dr, PRIOR LAKE, MN 55372
ELITE WEALTH Money Market Savings
4.00%
$2,500
▼
Rate3.94%
Min Deposit$2,500
Min Balance—
UpdatedJun 16, 2026
Details
Requires a minimum of $250,000 on deposit.
South Metro Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.84%
2573 Credit Union Dr, PRIOR LAKE, MN 55372
ELITE Money Market Savings
3.75%
$2,500
▼
Rate3.70%
Min Deposit$2,500
Min Balance—
UpdatedJun 16, 2026
Details
Requires a minimum of $75,000 on deposit.
South Metro Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.84%
2573 Credit Union Dr, PRIOR LAKE, MN 55372
ELITE WEALTH Money Market Savings
3.60%
$2,500
▼
Rate3.55%
Min Deposit$2,500
Min Balance—
UpdatedJun 16, 2026
Details
Requires a minimum of $250,000 on deposit.
Security State Bank of Marine
Institution Rating:
A+5.0 ★ Texas Ratio: 0.11%
120 Judd St, Marine On St Croix, MN 55047
Money Market Platinum
3.56%
$0
▼
Rate3.50%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
South Metro Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.84%
2573 Credit Union Dr, PRIOR LAKE, MN 55372
ELITE Money Market Savings
3.50%
$2,500
▼
Rate3.46%
Min Deposit$2,500
Min Balance—
UpdatedJun 16, 2026
Details
Requires a minimum of $75,000 on deposit.
North Shore Bank of Commerce
Institution Rating:
A+5.0 ★ Texas Ratio: 2.16%
131 W Superior St, Duluth, MN 55802
Preferred Investment Max | Money Market
3.50%
$0
▼
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.04%
2 Scimed Pl, Maple Grove, MN 55311 1565
Money Market Special Intro rate
3.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
$15,000+
Mayo Employees Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
130 23rd Ave SW, Rochester, MN 55902
Premium Money Market Savings
3.40%
$0
▼
Rate3.36%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Rates effective 06-16-2026. Minimum balance required for Premium Money Market Savings to earn stated rate is $20,000. APY = Annual Percentage Yield. Rate may change after account is opened.
Old National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 5.09%
202 S Rum River Dr, Princeton, MN 55371
Market Monitor Money Market
3.25%
$20,000
▼
Rate—
Min Deposit$20,000
Min Balance—
UpdatedJun 16, 2026
Details
Earn a competitive rate when you open a Market Monitor account with a minimum $20,000 in new money. If you are unable to meet the minimum opening deposit of $20,000 for this competitive new money rate plan, your account will be repriced at our standard Market Monitor rate plan. Rates and tiers for deposit balances are: 3.21% (3.25% APY) if daily collected balance is $20,000 or more; 0.05% (0.05% APY) if daily collected balance is $19,999.99 or less. Offer available at Old National banking centers located in Iowa, Illinois, Indiana, Michigan, Minnesota, North Dakota, Wisconsin, and the Kentucky counties of Daviess, Henderson, Hopkins, Muhlenberg, and Union.
South Metro Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.84%
2573 Credit Union Dr, PRIOR LAKE, MN 55372
ELITE WEALTH Money Market Savings
3.25%
$2,500
▼
Rate3.21%
Min Deposit$2,500
Min Balance—
UpdatedJun 16, 2026
Details
Requires a minimum of $250,000 on deposit.
Royal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.76%
4450 W 76th St, Edina, MN 55435
Business Money Market
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
American National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.22%
663 University Ave W, Saint Paul, MN 55104
6-month money market
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
New deposits only. Valid as of 3/20.
South Metro Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.84%
2573 Credit Union Dr, PRIOR LAKE, MN 55372
Money Market Savings
3.20%
$2,500
▼
Rate3.16%
Min Deposit$2,500
Min Balance—
UpdatedJun 16, 2026
Details
Subject to a below balance minimum fee.
North Shore Bank of Commerce
Institution Rating:
A+5.0 ★ Texas Ratio: 2.16%
131 W Superior St, Duluth, MN 55802
Preferred Investment Max | Money Market
3.20%
$0
▼
Rate3.15%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
325 S Broad St, Mankato, MN 56001
High-Yield Money Market
3.20%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedJun 16, 2026
Details
Variable rate based on zip code. Minimum of $25,000 not currently deposited at Huntington. Get your variable rate after opening a Huntington Relationship Money Market Account when you maintain deposits of $25,000.00 - $2,000,000.99.
Royal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.76%
4450 W 76th St, Edina, MN 55435
Business Money Market
3.15%
$0
▼
Rate3.10%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
South Metro Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.84%
2573 Credit Union Dr, PRIOR LAKE, MN 55372
ELITE Money Market Savings
3.10%
$2,500
▼
Rate3.06%
Min Deposit$2,500
Min Balance—
UpdatedJun 16, 2026
Details
Requires a minimum of $75,000 on deposit.
Royal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.76%
4450 W 76th St, Edina, MN 55435
Business Indexed Money Market Account
3.07%
$0
▼
Rate3.03%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Rate is indexed on the 3-month US Treasury rate. APY is based on 3-month US Treasury Rate minus a margin of 0.50%.
Mayo Employees Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
130 23rd Ave SW, Rochester, MN 55902
Premium Money Market Savings
3.05%
$0
▼
Rate3.02%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Rates effective 06-16-2026. Minimum balance required for Premium Money Market Savings to earn stated rate is $20,000. APY = Annual Percentage Yield. Rate may change after account is opened.
Bank Midwest
Institution Rating:
A+5.0 ★ Texas Ratio: 1.45%
509 3rd St, Jackson, MN 56143
Premier Money Market
3.04%
$50
▼
Rate3.00%
Min Deposit$50
Min Balance—
UpdatedJun 16, 2026
Details
Earn interest based on your account balance.
Building Trades Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.11%
12080 73rd Ave N, Maple Grove, MN 55369
MONEY MARKET SAVINGS
3.04%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
BankVista
Institution Rating:
A5.0 ★ Texas Ratio: 12.88%
1501 Adams St, Mankato, MN 56001
Money Market Savings
3.04%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Security State Bank of Marine
Institution Rating:
A+5.0 ★ Texas Ratio: 0.11%
120 Judd St, Marine On St Croix, MN 55047
Money Market Platinum
3.04%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Genisys Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.68%
3300 Central Park Village Dr, Eagan, MN 55121 7707
Jumbo Money Market
3.04%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
Federated Employees Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.36%
1929 S Cedar Ave, Owatonna, MN 55060 4301
Money Market
3.04%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Balance Tier
Bell Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.41%
1018 Hobart St, Hawley, MN 56549
Elite Money Market Savings
3.01%
$50
▼
Rate—
Min Deposit$50
Min Balance—
UpdatedJun 16, 2026
Details
APY is variable and may change after account is opened. If fees are applied, earnings may be reduced. Not available for business accounts. There is a $5 fee for each withdrawal over 6 in a monthly statement period.
Bell Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.41%
1018 Hobart St, Hawley, MN 56549
Elite Money Market Savings*
3.01%
$0
▼
Rate2.97%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Elite Money Market Savings*
Royal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.76%
4450 W 76th St, Edina, MN 55435
Business Money Market
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Royal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.76%
4450 W 76th St, Edina, MN 55435
Money Market
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
APY is determined by the account balance. Rates may change after the account is opened. Fees could reduce the balance and earnings on the account. Membership required and account opening upon qualification. Other conditions or restriction may apply. Refer to our disclosures and service fees for more information.
Toro Employees Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.98%
8111 Lyndale Ave S, Bloomington, MN 55420
MONEY MARKET
3.00%
$2,500
▼
Rate2.96%
Min Deposit$2,500
Min Balance—
UpdatedJun 16, 2026
Details
VisionBank Saint Louis Park, MN
Institution Rating:
A5.0 ★ Texas Ratio: 12.22%
3059 Joppa Ave S, Saint Louis Park, MN 55416
Premium Money Market Business
3.00%
$1,000
▼
Rate2.96%
Min Deposit$1,000
Min Balance—
UpdatedJun 16, 2026
Details
Up to $3,000,000.00
VisionBank Saint Louis Park, MN
Institution Rating:
A5.0 ★ Texas Ratio: 12.22%
3059 Joppa Ave S, Saint Louis Park, MN 55416
Premium Money Market Personal
3.00%
$1,000
▼
Rate2.96%
Min Deposit$1,000
Min Balance—
UpdatedJun 16, 2026
Details
PSB of Plainview
Institution Rating:
A+5.0 ★ Texas Ratio: 4.73%
100 4th Ave Se, Plainview, MN 55964
Money Market Business Checking
3.00%
$0
▼
Rate2.97%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
North Shore Bank of Commerce
Institution Rating:
A+5.0 ★ Texas Ratio: 2.16%
131 W Superior St, Duluth, MN 55802
Preferred Investment Max | Money Market
2.95%
$0
▼
Rate2.91%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Mayo Employees Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
130 23rd Ave SW, Rochester, MN 55902
Premium Money Market Savings
2.90%
$0
▼
Rate2.87%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Rates effective 06-16-2026. Minimum balance required for Premium Money Market Savings to earn stated rate is $20,000. APY = Annual Percentage Yield. Rate may change after account is opened.
Riverview Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
115 Hardman Ave S, South Saint Paul, MN 55075 2421
Premium Money Market Savings
2.90%
$0
▼
Rate2.87%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Minimum balance requirement to obtain APR/APY
Genisys Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.68%
3300 Central Park Village Dr, Eagan, MN 55121 7707
Jumbo Money Market
2.84%
$0
▼
Rate2.80%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
First Alliance Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.88%
501 16th St SE, Rochester, MN 55904
Business Money Market Account
2.80%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
North Star Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.05%
1820 Lexington Ave N, Roseville, MN 55113
ExecuStar Money Market Savings
2.78%
$50,000
▼
Rate2.75%
Min Deposit$50,000
Min Balance—
UpdatedJun 16, 2026
Details
Daily Balances of $150,000.00-10,000,000.00
Royal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.76%
4450 W 76th St, Edina, MN 55435
Money Market
2.75%
$0
▼
Rate2.72%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
APY is determined by the account balance. Rates may change after the account is opened. Fees could reduce the balance and earnings on the account. Membership required and account opening upon qualification. Other conditions or restriction may apply. Refer to our disclosures and service fees for more information.
Associated Healthcare Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.23%
360 Sherman St, Saint Paul, MN 55102
Money Market
2.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Up to *
Ideal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.03%
8499 Tamarack Rd, Woodbury, MN 55125 9201
Business High Yield Money Market
2.75%
$0
▼
Rate2.71%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Balance: $250,000.00 +
South Metro Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.84%
2573 Credit Union Dr, PRIOR LAKE, MN 55372
ELITE WEALTH Money Market Savings
2.75%
$2,500
▼
Rate2.72%
Min Deposit$2,500
Min Balance—
UpdatedJun 16, 2026
Details
Requires a minimum of $250,000 on deposit.
Royal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.76%
4450 W 76th St, Edina, MN 55435
Business Money Market
2.75%
$0
▼
Rate2.72%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
North Shore Bank of Commerce
Institution Rating:
A+5.0 ★ Texas Ratio: 2.16%
131 W Superior St, Duluth, MN 55802
Preferred Investment Max | Money Market
2.70%
$0
▼
Rate2.67%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Federated Employees Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.36%
1929 S Cedar Ave, Owatonna, MN 55060 4301
Money Market
2.68%
$0
▼
Rate2.65%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Balance Tier
Mayo Employees Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
130 23rd Ave SW, Rochester, MN 55902
Premium Money Market Savings
2.65%
$0
▼
Rate2.62%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Rates effective 06-16-2026. Minimum balance required for Premium Money Market Savings to earn stated rate is $20,000. APY = Annual Percentage Yield. Rate may change after account is opened.
Genisys Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.68%
3300 Central Park Village Dr, Eagan, MN 55121 7707
Jumbo Money Market
2.63%
$0
▼
Rate2.60%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
First State Bank and Trust Bayport, MN
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
950 Highway 95 N, Bayport, MN 55003
Investors Plus Money Market
2.53%
$2,000
▼
Rate2.50%
Min Deposit$2,000
Min Balance—
UpdatedJun 16, 2026
Details
North Star Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.05%
1820 Lexington Ave N, Roseville, MN 55113
ExecuStar Money Market Savings
2.53%
$50,000
▼
Rate2.50%
Min Deposit$50,000
Min Balance—
UpdatedJun 16, 2026
Details
Daily Balances of $100,000.00-149,999.99
Security State Bank of Marine
Institution Rating:
A+5.0 ★ Texas Ratio: 0.11%
120 Judd St, Marine On St Croix, MN 55047
Money Market Platinum
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Bank Midwest
Institution Rating:
A+5.0 ★ Texas Ratio: 1.45%
509 3rd St, Jackson, MN 56143
Premier Money Market
2.53%
$50
▼
Rate2.50%
Min Deposit$50
Min Balance—
UpdatedJun 16, 2026
Details
Earn interest based on your account balance.
Foresight Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.40%
138 W Broadway, Plainview, MN 55964
Money Market
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Red Wing Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.21%
3303 N Service Dr, Red Wing, MN 55066
Money Market Account
2.52%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Royal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.76%
4450 W 76th St, Edina, MN 55435
Business Money Market
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Toro Employees Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.98%
8111 Lyndale Ave S, Bloomington, MN 55420
MONEY MARKET
2.50%
$2,500
▼
Rate2.47%
Min Deposit$2,500
Min Balance—
UpdatedJun 16, 2026
Details
CNB of Park Rapids
Institution Rating:
A+5.0 ★ Texas Ratio: 4.49%
300 1st St W, Park Rapids, MN 56470
Platinum Money Market Account
2.50%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Ideal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.03%
8499 Tamarack Rd, Woodbury, MN 55125 9201
Business High Yield Money Market
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Balance: $100,000.00 - $249,999.99
Gate City Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.81%
2929 20th St S, Moorhead, MN 56560
Money Market Savings Account
2.50%
$500
▼
Rate2.48%
Min Deposit$500
Min Balance—
UpdatedJun 16, 2026
Details
Minimum balance to earn APY: $1,000,000+
Royal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.76%
4450 W 76th St, Edina, MN 55435
Money Market
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
APY is determined by the account balance. Rates may change after the account is opened. Fees could reduce the balance and earnings on the account. Membership required and account opening upon qualification. Other conditions or restriction may apply. Refer to our disclosures and service fees for more information.
Trustar Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.20%
601 4th St, International Falls, MN 56649 2436
Money Market Checking
2.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
South Metro Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.84%
2573 Credit Union Dr, PRIOR LAKE, MN 55372
ELITE Money Market Savings
2.50%
$2,500
▼
Rate2.48%
Min Deposit$2,500
Min Balance—
UpdatedJun 16, 2026
Details
Requires a minimum of $75,000 on deposit.
Harvest Bank
Institution Rating:
A5.0 ★ Texas Ratio: 13.27%
222 Atlantic Ave, Atwater, MN 56209
Prime Time Money Market
2.45%
$0
▼
Rate2.42%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Genisys Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.68%
3300 Central Park Village Dr, Eagan, MN 55121 7707
Jumbo Money Market
2.43%
$0
▼
Rate2.40%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
Foresight Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.40%
138 W Broadway, Plainview, MN 55964
Money Market
2.43%
$0
▼
Rate2.40%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Federated Employees Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.36%
1929 S Cedar Ave, Owatonna, MN 55060 4301
Money Market
2.42%
$0
▼
Rate2.40%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Balance Tier
First Alliance Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.88%
501 16th St SE, Rochester, MN 55904
Business Money Market Account
2.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Genisys Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.68%
3300 Central Park Village Dr, Eagan, MN 55121 7707
Money Market
2.38%
$0
▼
Rate2.35%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
Genisys Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.68%
3300 Central Park Village Dr, Eagan, MN 55121 7707
College Rewards Money Market
2.38%
$0
▼
Rate2.35%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
First $100 earns rate equal to $2500 - $9,999.99 tier paid for High Yield Money Market.
OSB Odin State Bank
Institution Rating:
B-4.3 ★ Texas Ratio: 23.01%
101 E Main St, Odin, MN 56160
Money Market Account-Tier 5
2.32%
$0
▼
Rate2.30%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Balance Needed to Obtain APY: $250,000.01 and over
Foresight Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.40%
138 W Broadway, Plainview, MN 55964
Money Market
2.32%
$0
▼
Rate2.30%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Mayo Employees Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
130 23rd Ave SW, Rochester, MN 55902
Premium Money Market Savings
2.30%
$0
▼
Rate2.28%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Rates effective 06-16-2026. Minimum balance required for Premium Money Market Savings to earn stated rate is $20,000. APY = Annual Percentage Yield. Rate may change after account is opened.
Mayo Employees Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
130 23rd Ave SW, Rochester, MN 55902
Money Market Savings
2.30%
$0
▼
Rate2.28%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Rates effective 06-16-2026. APY = Annual Percentage Yield.
Building Trades Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.11%
12080 73rd Ave N, Maple Grove, MN 55369
MONEY MARKET SAVINGS
2.27%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Security Bank Minnesota
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
195 N Broadway, Alden, MN 56009
Platinum Money Market Savings
2.27%
$0
▼
Rate2.25%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
First Security Bank Byron, MN
Institution Rating:
A+5.0 ★ Texas Ratio: 4.32%
316 Byron Ave N, Byron, MN 55920
Rewards Money Market
2.27%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
MidCountry Bank
Institution Rating:
B+4.8 ★ Texas Ratio: 17.71%
100 S Main St, Sanborn, MN 56083
Money Market4Business
2.27%
$50
▼
Rate2.25%
Min Deposit$50
Min Balance—
UpdatedJun 16, 2026
Details
BankVista
Institution Rating:
A5.0 ★ Texas Ratio: 12.88%
1501 Adams St, Mankato, MN 56001
Money Market Savings
2.27%
$0
▼
Rate2.25%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
North Star Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.05%
1820 Lexington Ave N, Roseville, MN 55113
ExecuStar Money Market Savings
2.27%
$50,000
▼
Rate2.25%
Min Deposit$50,000
Min Balance—
UpdatedJun 16, 2026
Details
Daily Balances of $50,000.00-99,999.99
Foresight Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.40%
138 W Broadway, Plainview, MN 55964
Money Market
2.22%
$0
▼
Rate2.20%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
North Star Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.05%
1820 Lexington Ave N, Roseville, MN 55113
ExecuStar Money Market Savings
2.22%
$50,000
▼
Rate2.20%
Min Deposit$50,000
Min Balance—
UpdatedJun 16, 2026
Details
Daily Balances up to $49,999.99
Red Wing Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.21%
3303 N Service Dr, Red Wing, MN 55066
Money Market Account
2.22%
$0
▼
Rate2.20%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
First Alliance Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.88%
501 16th St SE, Rochester, MN 55904
Business Money Market Account
2.20%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
First Alliance Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.88%
501 16th St SE, Rochester, MN 55904
Money Market Account Tier 5
2.20%
$0
▼
Rate2.18%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Genisys Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.68%
3300 Central Park Village Dr, Eagan, MN 55121 7707
College Rewards Money Market
2.17%
$0
▼
Rate2.15%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
First $100 earns rate equal to $2500 - $9,999.99 tier paid for High Yield Money Market.
Foresight Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.40%
138 W Broadway, Plainview, MN 55964
Money Market
2.12%
$0
▼
Rate2.10%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
First State Bank and Trust Bayport, MN
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
950 Highway 95 N, Bayport, MN 55003
Investors Plus Money Market
2.02%
$2,000
▼
Rate2.00%
Min Deposit$2,000
Min Balance—
UpdatedJun 16, 2026
Details
Perennial Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.55%
318 N 1st St, Darwin, MN 55324
Money Market
2.02%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
$50,000 and Above
Grove Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.43%
110 Atlantic Ave W, Grove City, MN 56243
Money Market Savings
2.02%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
First Security Bank Byron, MN
Institution Rating:
A+5.0 ★ Texas Ratio: 4.32%
316 Byron Ave N, Byron, MN 55920
Rewards Money Market
2.02%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Bank Midwest
Institution Rating:
A+5.0 ★ Texas Ratio: 1.45%
509 3rd St, Jackson, MN 56143
Premier Money Market
2.02%
$50
▼
Rate2.00%
Min Deposit$50
Min Balance—
UpdatedJun 16, 2026
Details
Earn interest based on your account balance.
Bank Forward
Institution Rating:
A+5.0 ★ Texas Ratio: 1.33%
106 6th St S, Walker, MN 56484
Business Forward Money Market Savings
2.00%
$0
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Gate City Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.81%
2929 20th St S, Moorhead, MN 56560
Money Market Savings Account
2.00%
$500
▼
Rate1.99%
Min Deposit$500
Min Balance—
UpdatedJun 16, 2026
Details
Minimum balance to earn APY: $500,000 - $999,999.99
Bank Forward
Institution Rating:
A+5.0 ★ Texas Ratio: 1.33%
106 6th St S, Walker, MN 56484
Forward Money Market Savings
2.00%
$0
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
MidCountry Bank
Institution Rating:
B+4.8 ★ Texas Ratio: 17.71%
100 S Main St, Sanborn, MN 56083
Money Market4Business
1.92%
$50
▼
Rate1.90%
Min Deposit$50
Min Balance—
UpdatedJun 16, 2026
Details
Harvest Bank
Institution Rating:
A5.0 ★ Texas Ratio: 13.27%
222 Atlantic Ave, Atwater, MN 56209
Prime Time Money Market
1.90%
$0
▼
Rate1.88%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Cornerstone State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.88%
500 Main St, Madison Lake, MN 56063
CornerStone Gold/VIP Money Market
1.76%
$15,000
▼
Rate1.75%
Min Deposit$15,000
Min Balance—
UpdatedJun 16, 2026
Details
Cornerstone State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.88%
500 Main St, Madison Lake, MN 56063
CornerStone Public Money Market
1.76%
$1,000
▼
Rate1.75%
Min Deposit$1,000
Min Balance—
UpdatedJun 16, 2026
Details
Security Bank Minnesota
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
195 N Broadway, Alden, MN 56009
Platinum Money Market Savings
1.76%
$0
▼
Rate1.75%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
First Security Bank Byron, MN
Institution Rating:
A+5.0 ★ Texas Ratio: 4.32%
316 Byron Ave N, Byron, MN 55920
Rewards Money Market
1.76%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
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MonitorBankRates
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. Rates reflect recent market quotes and representative offers available to depositors in Minnesota and the surrounding area.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Minnesota Money Market Rate Trends
Compare local Minnesota money market quotes against the statewide average
Daily money market rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
High-Yield MMA — MN Avg
3.099%
▲ 0.048 vs 7 days ago
Minnesota high-yield MMA rates rose 0.048 points over the past 7 days to 3.099% APY.
Standard MMA — MN Avg
1.086%
▲ 0.030 vs 7 days ago
Minnesota standard MMA rates rose 0.030 points over the past 7 days to 1.086% APY.
As of Jun 19, 2026 • Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Minnesota money market 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 Money Market Rate Data: We aggregate money market deposit account rates for Minnesota directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every money market rate displayed 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 Minnesota. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in MN.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Money Market Accounts in Minnesota
What is a Money Market Account (MMA)?
A Money Market Account (MMA), formally known as a money market deposit account (MMDA), is a type of deposit account that often pays higher interest rates than standard savings accounts. They usually come with check-writing privileges and debit card access, offering a balance of growth and liquidity for savers in Minnesota.
Are Money Market accounts in Minnesota safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Minnesota up to $250,000 per depositor, per institution.
How often do MMA rates change in Minnesota?
Money market rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Minnesota rate tables daily to ensure you see the most current high-yield options.
Can I write checks from a Money Market Account?
Yes, most Money Market Accounts allow you to write a limited number of checks or make debit card transactions each month (typically up to 6), making them more flexible than a standard savings account.
How much do I need to deposit to open a money market account in Minnesota?
Minimum deposit requirements vary widely. Some online money market deposit accounts can be opened with no minimum, while many banks and credit unions in Minnesota require an initial deposit of $1,000 to $2,500 to earn the highest advertised APY. Larger deposits often unlock higher rate tiers, and FDIC or NCUA insurance protects deposits up to $250,000 per depositor, per institution.
Best Money Market Rates in Minnesota
Here are some of the highest money market account APYs currently available in Minnesota:
- South Metro Federal Credit Union
ELITE WEALTH Money Market Savings — 4.00% APY - Security State Bank of Marine
Money Market Platinum — 3.56% APY - Baxter Credit Union
Money Market Special Intro rate — 3.50% APY - North Shore Bank of Commerce
Preferred Investment Max | Money Market — 3.50% APY - Mayo Employees Federal Credit Union
Premium Money Market Savings — 3.40% APY
Money Market Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Minnesota. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: June 16, 2026
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