Saint Paul, Minnesota Money Market Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Saint Paul, Minnesota and the surrounding area money market deposit account rates include Baxter Credit UnionBaxter Credit Union4201 Lexington Ave N, Saint Paul, MN 55126 6164A5.0 ★Texas Ratio: 7.04%Real return: +0.70%APY minus 2.8% CPI (February 2026) Money Market Special at 3.50% APY, TruStone Financial Credit UnionTruStone Financial Credit Union757 Cleveland Ave S, Saint Paul, MN 55116A+5.0 ★Texas Ratio: 5.11%Real return: +0.70%APY minus 2.8% CPI (February 2026) Business High-Yield Money Market at 3.50% APY, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union175 W Lafayette Frontage Rd, Saint Paul, MN 55107 1420A+5.0 ★Texas Ratio: 5.03%Real return: +0.60%APY minus 2.8% CPI (February 2026) SUPERIOR MONEY MARKET at 3.40% APY, The Huntington National BankThe Huntington National Bank1988 Suburban Ave, Saint Paul, MN 55119A+5.0 ★Texas Ratio: 4.60%Real return: +0.55%APY minus 2.8% CPI (February 2026) Relationship Money Market Account - Huntington Perks Checking at 3.35% APY, and Royal Credit UnionRoyal Credit Union2640 Rice St, Saint Paul, MN 55113 3712A+5.0 ★Texas Ratio: 4.76%Real return: +0.45%APY minus 2.8% CPI (February 2026) Business Money Market at 3.25% APY. Money market rates as of September 1, 2026 according to verified data from MonitorBankRates.
Saint Paul has 11 local institutions in our database, with money market rates as high as 3.50% APY from Baxter Credit Union at 4201 Lexington Ave N, Saint Paul, MN 55126 6164. Use the table below to compare all available offers, including options from institutions serving the broader Minnesota area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Saint Paul, Minnesota and surrounding area. Last Updated and Verified: September 1, 2026
Compare the Best Money Market Rates Today in Saint Paul, Minnesota & the Surrounding Area
Intro rate APY 3.50%
$15,000+; Intro rate
Balance Tiers: $5,000,000 And Greater
Qualifications Required: Qualifications Required; If requirements are met; Balances up to $25,000
With Huntington Perks Checking**
With Huntington Platinum Perks Checking***
With Private Client Account****
Non-Relationship Rate
Balance Tiers: $3,000,000 - $4,999,999.99
Rate is based on the 3-month US Treasury rate minus a margin of 0.50%.
Balance: $2,500,000 - $4,999,999.99
Balances of $25,000+
Qualifications Required: Qualifications Required; If requirements are met; Balances over $25,000
Balance: $1,000,000 - $2,499,999.99
APY is determined by the account balance. Minimum balance of $.01 to earn APY. APY is accurate as of the last dividend declaration date. 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.
Balance Tiers: $1,000,000 - $2,999,999.99
Maintenance Fee/Minimum Balance*: $10 if less than $2,500 (effective 2/1/25)
Maintenance Fee/Minimum Balance*: $10 if less than $2,500 (effective 2/1/25)
Up to; *
Balance: $500,000 - $999,999.99
APY is determined by the account balance. Minimum balance of $.01 to earn APY. APY is accurate as of the last dividend declaration date. 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.
Balance Tiers: $750,000 - $999,999.99
Rates based on zip code and with a 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. Balances $2,000,001.00 and above currently earn 0.25% (0.25% APY). Balances below $25,000.00 do not earn interest and may be subject to a $25.00 per month maintenance fee. Fees may reduce earnings. When your balance falls into a specific rate tier, your entire balance will earn the applicable rate in effect for that tier. Initial minimum opening deposit to earn interest on the HRMMA is $25,000.00 and must be "New Money" which is defined as money that is not currently on deposit in any Huntington account (except maturing CDs). Offer is limited to one per household. We also reserve the right to limit acceptance of deposits greater than $2,000,000.00. Not valid with any other offer.
Balances of $10,000+
Balance: $250,000 - $499,999.99
APY is determined by the account balance. Minimum balance of $.01 to earn APY. APY is accurate as of the last dividend declaration date. 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.
Balance Tiers: $500,000 - $749,999.99
Balances of $5,000+
Balances of $2,000-$4,999
Balance: $100,000 - $249,999.99
APY is determined by the account balance. Minimum balance of $.01 to earn APY. APY is accurate as of the last dividend declaration date. 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.
Balance Tiers: $250,000 - $499,999.99
Maintenance Fee/Minimum Balance*: $10 if less than $2,500 (effective 2/1/25)
APY is determined by the account balance. Minimum balance of $.01 to earn APY. APY is accurate as of the last dividend declaration date. 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.
Balance Tiers: $100,000 - $249,999.99
Compounding and Crediting of Interest: Monthly
APY is determined by the account balance. Minimum balance of $.01 to earn APY. APY is accurate as of the last dividend declaration date. 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.
Compounding and Crediting of Interest: Monthly
Compounding and Crediting of Interest: Monthly
Compounding and Crediting of Interest: Monthly
Compounding and Crediting of Interest: Monthly
Compounding and Crediting of Interest: Quarterly
Compounding and Crediting of Interest: Quarterly
Compounding and Crediting of Interest: Monthly
Compounding and Crediting of Interest: Monthly
Compounding and Crediting of Interest: Quarterly
Compounding and Crediting of Interest: Monthly
Compounding and Crediting of Interest: Monthly
Compounding and Crediting of Interest: Monthly
Compounding and Crediting of Interest: Monthly
Compounding and Crediting of Interest: Quarterly
Non-Relationship Rate
With Huntington Perks Checking**
With Huntington Platinum Perks Checking***
With Private Client Account****
Compounding and Crediting of Interest: Quarterly
Compounding and Crediting of Interest: Quarterly
Non-Relationship Rate
With Huntington Perks Checking**
With Huntington Platinum Perks Checking***
With Private Client Account****
Balance: $0.00 - $3,000,000.00
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.
Saint Paul, MN Money Market Rate Trends
Compare local Saint Paul, MN 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.
Minnesota high-yield MMA rates currently average 3.132% APY.
Minnesota standard MMA rates fell 0.004 points over the past 7 days to 0.799% APY.
Saint Paul, Minnesota Money Market Rate Forecast — Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current MN high-yield MMA average and a Fed funds spread to project the likely rate trajectory for 2026–2027.
Money market account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current MN high-yield money market average of 3.132% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: 1–2 Federal Reserve rate cuts of 25 basis points each over the next 12 months, based on current CME FedWatch consensus; money market institutions typically pass through 70–90% of rate cuts to deposit rates within 60–90 days. High-yield online money market rates tend to adjust faster than standard branch-based MMA rates, and jumbo-tier rates often adjust first.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Saint Paul, Minnesota.
Money Market Account Earnings in Saint Paul, Minnesota
Annual interest earnings at current MN average APYs, based on the high-yield and standard money market averages tracked in our database. Balances reflect the higher minimums typical of money market accounts. Compounding assumed monthly.
| Balance | HY Money Market (3.132% APY) | Monthly Earnings | Standard MMA (0.799% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $313.19 / year | $26.10 | $79.86 / year | $6.66 |
| $25,000 | $782.98 / year | $65.25 | $199.65 / year | $16.64 |
| $50,000 | $1,565.95 / year | $130.50 | $399.30 / year | $33.28 |
| $100,000 | $3,131.90 / year | $260.99 | $798.60 / year | $66.55 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, rate tier, and daily balance maintained. Rates are variable and subject to change. Source: Saint Paul, Minnesota money market rate averages as of September 1, 2026. | ||||
About Our Saint Paul, Minnesota Money Market Rate Database
MonitorBankRates found 11 institutions with branches in Saint Paul (3 banks, 8 credit unions), plus 15 additional state-chartered and national online institutions available to Saint Paul 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: Baxter Credit Union offers a money market account at 3.50% APY. Use the rate table above to compare all current offers in Saint Paul, Minnesota.
How to Find the Best Money Market Rates in Saint Paul, Minnesota
What to compare when shopping for a money market account in Saint Paul, Minnesota
To find the best money market APYs in Saint Paul, Minnesota, start with credit unions and online-only banks — Saint Paul, Minnesota has 14 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate, and pay close attention to balance tiers — many money market accounts only pay their advertised top rate above a minimum balance of $1,000–$25,000, with lower rates (or monthly fees) below that threshold. The current MN high-yield money market average is 3.132% — but top local institutions are offering as high as 3.50%, so shopping around pays off.
Unlike a CD, money market rates are variable — your rate can change at any time with Federal Reserve policy. Also check check-writing and debit card limits: most MMAs allow a set number of withdrawals per month, and exceeding the limit can trigger fees. Review your account periodically to ensure your APY remains competitive.
When a Money Market Account Makes Sense
- Emergency fund with flexibility: You get savings-level yields plus limited check-writing and debit access. Saint Paul, Minnesota high-yield money market rates currently average 3.132% APY — far above a typical checking account.
- Larger balances ($10,000+): Many MMAs pay tiered rates that rise with your balance, so bigger deposits often earn more than they would in a standard savings account.
- Parking cash between investments: A high-yield money market account at Saint Paul, Minnesota institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally — 26 institutions in Saint Paul, Minnesota report money market rates to our database.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return → Saint Paul, Minnesota CD rates
- You don’t need check writing and want a lower minimum → Saint Paul, Minnesota savings rates
- You need daily transaction access → Saint Paul, Minnesota checking rates
Minnesota Financial Snapshot
Local demographics and economic context for savers — Source: U.S. Census Bureau (state-level data shown — city data not available)
17.3% of residents are 65 or older, in line with the national average of 17.3%. At today’s MN high-yield money market average of 3.132%, saving 10% of the local median salary ($5,083/year) would earn an additional $159 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Saint Paul, Minnesota Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Saint Paul, Minnesota.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current MN Avg APY | 3.132% | View Savings Rates | 0.799%(Standard MMA) | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✓ Often yes | ✗ No | ✗ No | ✗ No |
| Debit / ATM Card | ✓ Often yes | Some institutions | ✗ Rarely | ✗ No |
| Typical Min Deposit | $0 – $2,500 | $0 – $100 | $25 – $100 | $500 – $1,000 |
| Rate Risk | Rate may fall with Fed cuts | Rate may fall with Fed cuts | Rate may fall with Fed cuts | None — locked for term |
| Best For | Active savers wanting flexibility + check writing | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Locking in a rate for a defined period |
APY data reflects Saint Paul, Minnesota averages tracked in our database as of September 1, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Saint Paul, Minnesota Money Market Account Calculator
See how much a money market account can earn you. Enter your deposit, monthly contribution, and time frame — or click any current Saint Paul, Minnesota rate on the right to apply it instantly. Interest compounds monthly.
Assumes monthly compounding and a constant APY for the full period. Money market rates are variable and can change at any time, so actual earnings will differ. Estimates are for informational purposes only.
Money Market & Savings Calculators for Saint Paul, Minnesota
At MN’s top money market rate of 3.50% from Baxter Credit Union, a $10,000 deposit earns $350 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Saint Paul, Minnesota earner is roughly $12,700. At 3.132% APY in a money market account, saving $1,060/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountMinnesota’s high-yield money market average is 3.132% APY — variable, always accessible, and often with check-writing. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Saint Paul, Minnesota earner makes $50,838/year. Track your income vs. expenses to find your monthly surplus — then put it to work at 3.132% APY.
Retirement PlannerA $25,000 money market balance earning 3.132% APY grows to roughly $46,323 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Saint Paul, 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 Saint Paul, 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 Saint Paul, 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 Saint Paul, Minnesota
What is a Money Market Account (MMA)?
Are Money Market accounts in Saint Paul, Minnesota safe?
How often do MMA rates change in Saint Paul, Minnesota?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Saint Paul, Minnesota?
Can I lose money in a Money Market Account?
What is the difference between a Money Market Account and a Money Market Fund?
Do I have to pay taxes on money market account interest?
Are online banks better than local banks in Saint Paul, Minnesota for money market accounts?
Best Money Market Rates in Saint Paul, Minnesota
- Baxter Credit Union
Money Market Special — 3.50% APY - TruStone Financial Credit Union
Business High-Yield Money Market — 3.50% APY - Affinity Plus Federal Credit Union
SUPERIOR MONEY MARKET — 3.40% APY - The Huntington National Bank
Relationship Money Market Account - Huntington Perks Checking — 3.35% APY - Royal Credit Union
Business Money Market — 3.25% APY
Saint Paul, Minnesota Rates & Resources
