St Paul, Minnesota Savings Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current savings account rates for St Paul, Minnesota and the surrounding area range from 0.05% to 6.00% APY across the five banks and credit unions featured below, verified by MonitorBankRates as of September 28, 2026. The best savings rates for St Paul, Minnesota and the surrounding area include Wells FargoWells Fargo1827 Grand Ave, St Paul, MN 55105A5.0 ★Texas Ratio: 6.32%Real return: -2.75%APY minus 2.8% CPI (February 2026) Platinum Savings - Relationship at 0.05% APY, Genisys Credit UnionGenisys Credit UnionA+5.0 ★Texas Ratio: 5.37%Real return: +3.20%APY minus 2.8% CPI (February 2026) High Yield Youth Savings at 6.00% APY, Mayo Employees Federal Credit UnionMayo Employees Federal Credit UnionA+5.0 ★Texas Ratio: 0.16%Real return: +2.70%APY minus 2.8% CPI (February 2026) Teen Savings at 5.50% APY, Fidelity Bank & Trust (IA)Fidelity Bank & Trust (IA)A5.0 ★Texas Ratio: 12.05%Real return: +2.32%APY minus 2.8% CPI (February 2026) Snap $tack Savings at 5.12% APY, and MidCountry BankMidCountry BankA+5.0 ★Texas Ratio: 5.95%Real return: +2.20%APY minus 2.8% CPI (February 2026) SmartStart Savings4Me at 5.00% APY.
St Paul has 5 local institutions in our database, with savings rates as high as 0.05% 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: September 28, 2026
Compare the Best Savings Rates in St Paul, Minnesota & Surrounding Communities
When linked to Premier Checking. Balance: $0 or more. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
Balance: $0 or more
When linked to Prime Checking. Balance: $0 or more. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
Balance: $0 or more. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
- Sep 27, 20260.01%▼ from 0.02%
- Sep 18, 20260.02%first recorded
Balance: $0 or more
Age: 0-21; Balances above $2,500.00 are paid the standard share savings rate.
Youth Savings and Teen Savings Certificate minimum opening balance is $100. Additional deposits can be made up to $5,000 for the Youth Savings and $8,000 for the Teen Savings. The minimum additional deposit is $100. The Youth Savings matures on the child's 13th birthday. The Teen Savings matures on the teen's 18th birthday. Any withdrawal prior to maturity will result in a penalty of all dividends earned.
Balance: $0 - $5,000.00*
Balance: $0 - $5,000.00
- Sep 19, 20265.00%▲ from 0.04%
- Sep 14, 20260.04%first recorded
Rate is variable at 2.50% under WSJ Prime (maximum of 5.00% & minimum of 1.00%). Minimum balance of $500 required to open account. Deposits can be added at any time. No withdrawals allowed prior to the age of 18.
Balance: Any Amount
- Sep 19, 20264.58%▲ from 4.32%
- Sep 14, 20264.32%first recorded
Youth Savings and Teen Savings Certificate minimum opening balance is $100. Additional deposits can be made up to $5,000 for the Youth Savings and $8,000 for the Teen Savings. The minimum additional deposit is $100. The Youth Savings matures on the child's 13th birthday. The Teen Savings matures on the teen's 18th birthday. Any withdrawal prior to maturity will result in a penalty of all dividends earned.
Rates as high as 4.40% APY
Balance: $100,000 - $199,999.99
Balance: For portion of account balance up to $5,000.00
Balance: $0 - $1,000.00
Balance: 1,000,000 & Over
- Sep 19, 20264.00%▲ from 3.74%
- Sep 14, 20263.74%first recorded
Balance: 1,000,000 & Over
- Sep 19, 20264.00%▲ from 3.74%
- Sep 14, 20263.74%first recorded
Balance: $75,000 - $99,999.99
Balance: $25,000 and over; Daily
Balance: $25,000 and over; Daily
Balance: $50,000 - $74,999.99
Balance: $100,000 +
Qualifications Required: Qualifying direct deposits totaling $1,000 every 34 days required to maintain 3.75% APY; New money only. Average daily balance of $10,000 required to obtain 3.50% APY. Qualifying direct deposits totaling $1,000 every 34 days required to maintain 3.75% APY. Dividends credited and compounded monthly.
Balance: $5,000,000 and above
- Sep 24, 20263.66%▲ from 3.42%
- Sep 19, 20263.42%▼ from 3.45%
- Sep 14, 20263.45%first recorded
Balance: $1,000,000 and over
Balance: $1,000,000 and over
Balance: $0 - $250,000
Balance: $1,000,000 - $4,999,999.99
- Sep 27, 20263.51%▲ from 3.50%
- Sep 22, 20263.50%▲ from 3.25%
- Sep 14, 20263.25%first recorded
Balance: $5,000,000+
Annual Percentage Yield (APY) is accurate as of 04/07/2026 and may change after account opening. The APY assumes the funds remain on deposit for one year at the current interest rate. Fees could reduce earnings. Platinum Money Market: $10,000 average ledger balance required to avoid $10 monthly service charge, CLICK HERE for complete details.
Balance: All Balances
No minimum balance No monthly service fees Rates effective as of 1/8/2026 .
Elite Savings*** The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change. Interest is accrued on a daily ledger balance and credited to the account monthly Fees may reduce the earnings on the account.
Balance: $5,000,000 +
Balance: $100,000-$250,000
Rate is variable and can change at anytime. Must open a CD with the initial balance being greater than or equal to the opening balance of the Companion Savings. Savings withdrawals in-person only.
Balance: $1,000,000+; Minimum balance required for Premium Money Market Savings to earn stated rate is $20,000. APY is accurate as of specified date.
Balance: $500,000 - $999,999.99
- Sep 22, 20263.35%▲ from 3.15%
- Sep 14, 20263.15%first recorded
Balance: $1,000,000 - $4,999,999.99
Balance: $500,000 - $999,999.99
Balance: $500,000 - $999,999.99
Balance: $1,000,000.00 and higher
Balance: $1,000,000 - $4,999,999.99
- Sep 22, 20263.15%▲ from 3.00%
- Sep 14, 20263.00%first recorded
Balance: $2,000,000 and $4,999,999.99
Balance: $250,000 - $499,999.99
- Sep 22, 20263.10%▲ from 2.85%
- Sep 14, 20262.85%first recorded
Balance: $750,000 - $999,999.99; Minimum balance required for Premium Money Market Savings to earn stated rate is $20,000. APY is accurate as of specified date.
Balance: $100,000 and up; Compounding: Monthly
Balance: $5,000,000+
YES (Youth Education Savings) (blended APY .79-3.00%) Rates as high as 3.00% APY $5-$500 balance Rates as high as 0.05% APY Over $500 balance (blended APY .79-3.00%)
Balance: $100,000 and over
Balance: $25,000-99,000
Balance: $250,000 or more
Balance: $500,000 - $749,999.99; Minimum balance required for Premium Money Market Savings to earn stated rate is $20,000. APY is accurate as of specified date.
($25,000 minimum balance requirement to obtain APR/APY)
Balance: $500,000.00 - $999,999.99
Balance: $150,000 - $249,999
Balance: $250,000.00 - $499,999.99
Balance: $25,000 - $49,999.99
Balance: $1,000,000.00 +
Balance: $250,000 - $499,999.99; Minimum balance required for Premium Money Market Savings to earn stated rate is $20,000. APY is accurate as of specified date.
Balance: $100,000 - $149,999
Balance: $10,000+
Up to $10,000
Higher APY for balances over $10,000
Earn interest on balances up to $10,000 (dividends accrue monthly)
Balances up to $35,000 in your Kasasa Saver account receive an APY of 2.50% and balances over $35,000 earn a 0.15% interest rate on the portion of balance over $35,000. When linked to the Kasasa Saver account, the dividends earned within the linked Kasasa Cash account do not compound since it is automatically transferred to the Kasasa Saver account. Due to non-compounding, the actual dividend amount transferred from the Kasasa Cash account to the Kasasa Saver account may be less than the advertised Kasasa Cash APY*, if the advertised APY* is represented without a linked Kasasa Saver account.
Balance: $50,000 - $99,999.99
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 fell 0.003 points over the past 7 days to 1.965% APY, down from 1.968%.
Minnesota standard savings rates fell 0.002 points over the past 7 days to 0.812% APY, down from 0.814%.
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 2026–2027.
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 1.965% 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 60–90 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 (1.965% APY) | Monthly Earnings | Standard Savings (0.812% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $98.26 / year | $8.19 | $40.60 / year | $3.38 |
| $10,000 | $196.52 / year | $16.38 | $81.20 / year | $6.77 |
| $25,000 | $491.30 / year | $40.94 | $203.00 / year | $16.92 |
| $50,000 | $982.60 / year | $81.88 | $406.00 / year | $33.83 |
| 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 September 28, 2026. | ||||
About Our St Paul, Minnesota Savings Rate Database
MonitorBankRates found 1 institution with branches in St Paul, plus 31 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 (1–5), 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 0.05% 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 15 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 1.965% Use the table above to find the best available offer.
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 3–6 months of expenses in a liquid, FDIC-insured account. St Paul, Minnesota high-yield savings rates currently average 1.965% APY, far above a typical checking account.
- Short-term savings goals (6–24 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: 32 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 1.965%, saving 10% of the local median salary ($5,083/year) would earn an additional $100 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 | 1.965% | 0.812% | 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 – $100 | $25 – $100 | $0 – $2,500 | $500 – $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 September 28, 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 0.05% from Wells Fargo, a $10,000 deposit earns $5 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 1.965% 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 1.965% 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 1.965% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.965% APY grows to roughly $36,896 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 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 - Relationship: 0.05% APY - Genisys Credit Union
High Yield Youth Savings: 6.00% APY - Mayo Employees Federal Credit Union
Teen Savings: 5.50% APY - Fidelity Bank & Trust (IA)
Snap $tack Savings: 5.12% APY - MidCountry Bank
SmartStart Savings4Me: 5.00% APY
St Paul, Minnesota Rates & Resources
