Ameriprise Bank: Savings Accounts & Rates

Savings rates updated: 8/8/2025

Mission statement: Banksparency aims to make Ameriprise Bank's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

Note: Interest rates below are reported as APY, or Annual Percentage Yield

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Savings Overview

Savings Account: 3.15% - 3.15% APY(Rank 76 out of 79 tracked HYSAs)

Minimum Deposit: $100

National Savings Interest Rate: 0.38% (as of 7/21/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: Minneapolis, Minnesota

Founded: 1894

Affiliation: Ameriprise Bank is a subsidiary of Ameriprise Financial, Inc.

Access to Branches: None

Deposit Insurance: FDIC Cert # 58303

BBB Rating: A+ (Not BBB Accredited (Information provided is for Ameriprise Financial))

App Store Rating: 4.9/5

Google Play Rating: 4.8/5

Website: Visit Ameriprise Bank

Our Take on Ameriprise Bank

Highlights

Top APY of 3.15% for balances over $50,000
No maintenance fees on the savings account
High app rating of 4.9 on App Store
Strong BBB rating of A+

Considerations

Minimum balance requirement of $50,000 for top APY
No physical branches available
Not BBB Accredited
Direct deposit not required but may limit some users

Summary: Ameriprise Bank offers a competitive savings account with a top APY of 3.15% for high balances, appealing to savers. However, the requirement of a $50,000 minimum balance for this rate may deter some. With no maintenance fees and strong ratings (4.9 on App Store, A+ BBB), it provides a solid option for online banking. Note that it lacks physical branches and is not BBB Accredited.

Savings Account: In-Depth View

Savings Account Offered by Ameriprise Bank

Feature	Savings Account
APY	3.15% - 3.15% (as of 8/8/2025)
APY Trend	Stable for the last quarter
Minimum Deposit	$100
Minimum Balance for APY	$50,000
FDIC-insured	Yes
Online Only	No
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Daily
Maintenance Fee	$0
Eligibility	United States
Note	This is a tiered savings account where rates may vary based on the balance. The top APY of 3.15 requires a minimum balance of $50,000, if not a lower APY may be applied.
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for Ameriprise Bank

All calculations are based on APY.

Savings Product:

Savings Account (APY: 3.15% ⎼ 3.15%)

Initial Deposit:

⚠️ The minimum balance for the higher APY on this account is $50,000.

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,221.5 (8.02%)
Total contributions: $13,000 (85.41%)
Initial deposit: $1,000 (6.57%)

Your total balance

$15,221.50

Effective APY: 3.15% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Ameriprise Bank Savings Rates Over Time

Historical APY Insights

Metric	Savings Account
Latest APY	3.15 %
Trend	Sideways
Slope (bps/mo)	-3.0
Rate Changes / Mo	1.43
Days Since Last Change	19
High (-1 m)	3.20 %
Low (-1 m)	3.15 %
Draw-down from High	-1.6 %
Volatility (CV)	0.004

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 1 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-1 m): Highest APY in the last 21 days.
Low (-1 m): Lowest APY in the last 21 days.
Draw-down from High: How far today sits below the 1-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare Ameriprise Bank's Savings Account

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Feature	Ameriprise Bank	Select a bank...
Product	Savings Account	N/A
APY	3.15% - 3.15% (as of 8/8/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	No	N/A
Compound Frequency	Daily	N/A
Minimum Deposit	$100	N/A
Minimum Balance for APY	$50,000	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A
Note	This is a tiered savings account where rates may vary based on the balance. The top APY of 3.15 requires a minimum balance of $50,000, if not a lower APY may be applied.	N/A