The best savings rates for Owatonna, Minnesota and the surrounding area include Minnesota FirstMinnesota First111 N Cedar Ave, Owatonna, MN 55060A+5.0 ★Texas Ratio: 2.01% Premium High Yield Savings Account at 2.75% APY, Community Bank OwatonnaCommunity Bank Owatonna640 W Bridge St, Owatonna, MN 55060A5.0 ★Texas Ratio: 10.30% Business Money Market Savings at 1.00% APY, Profinium, Inc.Profinium, Inc.1080 W Frontage Rd, Owatonna, MN 55060A+5.0 ★Texas Ratio: 4.25% Kids Savings Program at 1.00% APY, Federated Employees Credit UnionFederated Employees Credit Union1929 S Cedar Ave, Owatonna, MN 55060 4301A+5.0 ★Texas Ratio: 1.38% Primary Share at 0.85% APY, and Wells FargoWells Fargo101 N Cedar Ave, Owatonna, MN 55060A5.0 ★Texas Ratio: 7.44% Retirement High Yield Savings at 0.05% APY. Savings rates as of April 3, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Owatonna, 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 Owatonna, Minnesota (MN) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Owatonna, Minnesota and the surrounding area. Last Updated and Verified: April 3, 2026
Qualifying balance up to $5,000.00
Qualifying balance up to $500.00
Qualifying balance up to $25,000.00
max $300 deposit per month
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)
Qualifying balance up to $500.00
Qualifying balance up to $500.00
Qualifications Required: 50 minimum direct deposit per month; enroll in online banking; Intro rate expires: 24; Qualifying balance up to $10,000.00
Qualifications Required: monthly direct deposit; Balances above $10,000 will earn the going rate on the Secondary Savings, currently 0.10% APY.
$1,000 bonus
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Owatonna, 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 Owatonna, 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.