The best savings rates for Ely, Minnesota and the surrounding area include Highland BankHighland Bank601 E Sheridan St, Ely, MN 55731A+5.0 ★Texas Ratio: 1.01% Premier Money Market Savings at 1.66% APY, Northridge Community Credit UnionNorthridge Community Credit Union1321 E Sheridan St, Ely, MN 55731B+4.8 ★Texas Ratio: 17.98% NorthRidge Special Savings at 0.10% APY, Wells FargoWells Fargo104 E Chapman St, Ely, MN 55731A5.0 ★Texas Ratio: 7.44% Retirement High Yield Savings at 0.05% APY, Genisys Credit UnionGenisys Credit Union3300 Central Park Village Dr, Eagan, MN 55121 7707A+5.0 ★Texas Ratio: 5.03% High Yield Youth Savings at 5.12% APY, and Fidelity Bank & Trust (IA)Fidelity Bank & Trust (IA)205 Main St, Frost, MN 56033A+5.0 ★Texas Ratio: 1.72% Snap $tack Savings at 5.12% APY. Savings rates as of March 26, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Ely, Minnesota, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Ely, Minnesota (MN) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Ely, Minnesota and the surrounding area. Last Updated and Verified: March 26, 2026
$250,000 +
$100,000-$249,999
$50,000-$99,999.99
$25,000-$49,999.99
under $25,000
Automatic transfers of Evergreen Rewards or Evergreen Elite earnings.
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
$25 minimum opening deposit
Qualifying balance up to $500.00
Qualifying balance up to $5,000.00
max $300 deposit per month
Qualifying balance up to $5,000.00
Qualifying balance up to $5,000.00
At the December board meeting, it was voted by the board to raise our dividend rate to 3.50%.
APY accurate as of 1/1/2026 and may change after account opening. Opening balance of High Yield Savings Account is $75,000. High Yield Savings Account (HYSA)
Rates as high as
Rates as high as; Qualifying balance up to $199,999.00
$1,000 bonus
Qualifications Required; Qualifying balance up to $10,000.00
Qualifications Required: 50 minimum direct deposit per month; enroll in online banking; Intro rate expires: 24; Qualifying balance up to $10,000.00
Qualifying balance up to $500.00
Rates as high as; Qualifying balance up to $500.00
Compare local Ely, MN savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Minnesota high-yield savings rates rose 0.348 points this week to 1.186% APY, up from 0.838% last week.
Minnesota standard savings rates fell 0.028 points this week to 0.409% APY, down from 0.437% last week.
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Ely, 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 savings 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 Ely, Minnesota. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in MN.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.