St Paul, Minnesota Savings Rates for November 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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St Paul, Minnesota savings account rates range from 0.01% to 6.00% APY, verified by MonitorBankRates as of November 12, 2026. The best savings rates for St Paul, Minnesota and the surrounding area include Wells FargoWells Fargo1827 Grand Ave, St Paul, MN 55105A+5.0 ★Texas Ratio: 5.36%Real return: -0.20%APY minus 3.7% CPIRate verified Nov 11, 2026 Platinum Savings at 3.50% APY, Genisys Credit UnionGenisys Credit UnionA+5.0 ★Texas Ratio: 5.37%Real return: +2.30%APY minus 3.7% CPIRate verified Nov 9, 2026 High Yield Youth Savings at 6.00% APY, Fidelity Bank & Trust (IA)Fidelity Bank & Trust (IA)A5.0 ★Texas Ratio: 12.05%Real return: +1.42%APY minus 3.7% CPIRate verified Nov 11, 2026 Snap $tack Savings at 5.12% APY, MidCountry BankMidCountry BankA+5.0 ★Texas Ratio: 4.01%Real return: +1.30%APY minus 3.7% CPIRate verified Nov 11, 2026 SmartStart Savings4Me YOUTH Savings Account at 5.00% APY, and Mid Minnesota Federal Credit UnionMid Minnesota Federal Credit UnionA+5.0 ★Texas Ratio: 3.64%Real return: +0.95%APY minus 3.7% CPIRate verified Nov 7, 2026 Estate Savings at 4.65% APY.
St Paul has 6 local institutions in our database, with savings rates as high as 3.50% APY from Wells Fargo at 1827 Grand Ave, St Paul, MN 55105. Use the table below to compare all available offers, including options from institutions serving the broader Minnesota area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in St Paul, Minnesota and the surrounding area. Last Updated and Verified: November 12, 2026
Compare the Best Savings Rates in St Paul, Minnesota & Surrounding Communities
Balance: $25,000 or more; CA Bay Area counties only; New Wells Fargo savings customers only; requires $25,000 within 30 days of opening; balance $0-$24,999.99 earns standard or relationship rates; avoid $12 monthly service fee with $3,500 minimum daily balance
- Nov 11, 20263.50%▲ from 3.25%
- Oct 14, 20263.25%first recorded
Relationship Interest Rate; Balance: $0 or more; CA Bay Area counties only; requires link to Premier Checking or Checking; avoid $12 monthly service fee with $3,500 minimum daily balance
Balance: $0 or more; Bay Area CA counties only
Relationship Interest Rate; Balance: $0 or more; CA Bay Area counties only; requires link to Prime Checking; avoid $12 monthly service fee with $3,500 minimum daily balance
Balance: $0 or more; CA Bay Area counties only; Standard Interest Rate; avoid $12 monthly service fee with $3,500 minimum daily balance
- Sep 27, 20260.01%▼ from 0.02%
- Sep 18, 20260.02%first recorded
Balance: $0 or more; CA Bay Area counties only; $25 minimum opening deposit; avoid $5 monthly service fee
Age: 0-21; No minimum balance; Dividend Credited: Monthly; Balances above $2,500.00 are paid the standard share savings rate
Qualifications Required; Balance: $0 - $5,000.00; Qualifying balance up to $5,000.00
Qualifications Required; As Low As; APY 5.12% on first $5,000.00 in Snap $tack Savings, 0.05% on balances over $5,000.00; qualification period begins 27th and ends 26th of following month
Balance: $0.00 - $5,000.00; Youth Savings Account (ages 0-17); Minimum balance to obtain APY: $0.01; Annual Percentage Yield; Fees may reduce earnings
- Nov 3, 20264.65%▼ from 5.00%
- Oct 5, 20265.00%▲ from 4.40%
- Sep 14, 20264.40%first recorded
Minimum balance to obtain APY: $500; Method of compounding: Monthly; Deposits can be added at any time; No withdrawals allowed prior to age 18; Rates may change once account is opened; Account type must be changed or closed when beneficiary attains age 21; Rate is 2.50% under prime; Maximum of 5.00% & minimum of 1.00%
Balance: Any Amount
Balance: 1,000,000 & Over
- Oct 21, 20264.15%▲ from 4.00%
- Sep 19, 20264.00%▲ from 3.74%
- Sep 14, 20263.74%first recorded
For portion of account balance up to $5,000.00
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.
St Paul, MN Savings Rate Trends
Compare local St Paul, MN savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Minnesota high-yield savings rates rose 0.014 points over the past 7 days to 1.865% APY, up from 1.850%.
Minnesota standard savings rates fell 0.012 points over the past 7 days to 0.496% APY, down from 0.508%.
St Paul, Minnesota Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current MN high-yield average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Savings 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 savings average of 1.865% 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: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
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 St Paul, Minnesota.
Savings Account Earnings in St Paul, Minnesota
Annual interest earnings at current MN average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.865% APY) | Monthly Earnings | Standard Savings (0.496% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $93.23 / year | $7.77 | $24.80 / year | $2.07 |
| $10,000 | $186.45 / year | $15.54 | $49.60 / year | $4.13 |
| $25,000 | $466.13 / year | $38.84 | $124.00 / year | $10.33 |
| $50,000 | $932.25 / year | $77.69 | $248.00 / year | $20.67 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: St Paul, Minnesota savings rate averages as of November 12, 2026. | ||||
About Our St Paul, Minnesota Savings Rate Database
MonitorBankRates found 1 institution with branches in St Paul, plus 34 additional state-chartered and national online institutions available to St 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 to 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: Wells Fargo offers a savings account at 3.50% APY with a minimum deposit of $25. Use the rate table above to compare all current offers in St Paul, Minnesota.
How to Find the Best Savings Rates in St Paul, Minnesota
What to compare when shopping for a savings account in St Paul, Minnesota
To find the best savings APYs in St Paul, Minnesota, start with credit unions and online-only banks: St Paul, Minnesota has 13 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. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current MN high-yield savings average is 1.865% but top local institutions are offering as high as 3.50%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3 to 6 months of expenses in a liquid, FDIC-insured account. St Paul, Minnesota high-yield savings rates currently average 1.865% APY, far above a typical checking account.
- Short-term savings goals (6 to 24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at St Paul, Minnesota institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 35 institutions in St Paul, Minnesota report savings 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 St Paul, Minnesota CD rates
- You want check-writing flexibility St Paul, Minnesota money market rates
- You need daily transaction access St 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 savings average of 1.865%, saving 10% of the local median salary ($5,083/year) would earn an additional $95 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other St Paul, Minnesota Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in St Paul, Minnesota.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current MN Avg APY | 1.865% | 0.496% | View MMA Rates | 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 | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 to $100 | $25 to $100 | $0 to $2,500 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects St Paul, Minnesota averages tracked in our database as of November 12, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for St Paul, Minnesota
At MN’s top rate of 3.50% from Wells Fargo, 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 St Paul, Minnesota earner is roughly $12,700. At 1.865% APY, saving $1,060/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsMinnesota’s high-yield savings average is 1.865% APY, variable and always accessible. 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 St Paul, Minnesota earner makes $50,838/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.865% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.865% APY grows to roughly $36,174 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 St Paul, Minnesota savings 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 Savings Rate Data: We aggregate savings account rates for St 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 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 St Paul, 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.
Frequently Asked Questions about Savings Accounts in St Paul, Minnesota
What are savings account rates in St Paul, Minnesota today?
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in St Paul, Minnesota safe?
How often do savings rates change in St Paul, Minnesota?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in St Paul, Minnesota?
How do I open a savings account in St Paul, Minnesota?
Best Savings Rates in St Paul, Minnesota
- Wells Fargo
Platinum Savings: 3.50% APY - Genisys Credit Union
High Yield Youth Savings: 6.00% APY - Fidelity Bank & Trust (IA)
Snap $tack Savings: 5.12% APY - MidCountry Bank
SmartStart Savings4Me YOUTH Savings Account: 5.00% APY - Mid Minnesota Federal Credit Union
Estate Savings: 4.65% APY
St Paul, Minnesota Rates & Resources
