Ameriprise Bank: Savings Account, CDs & Rates
Mission: Banksparency aims to make Ameriprise Bank's deposit accounts transparent and comparable to the market.
Analysis of Ameriprise Bank
Our verdict
Ameriprise Bank offers a high-yield savings account paying 3.15% APY with a $100 minimum deposit.
At 3.15% APY, Ameriprise Bank pays 8x the national savings average of 0.38%.
Ideal User Profile
- Best for: simple saving without extra requirements, banking without needing a branch, and quick transfers with Zelle.
CD Analysis
Ameriprise Bank also offers CDs paying up to 3.50% APY on its 7 months term, with terms ranging from 12 months to 7 months.
Tracking 4 active CD products, useful for locking in today's rate before further moves at the Fed.
- Best CD use: locking in 3.50% APY for a 7 months term and laddering across multiple maturities.
Key Differentiators
- Stands out with top-rated iOS app (4.9), highly-rated Android app (4.7), A+ BBB rating, Zelle for instant transfers.
Savings Overview
Savings Account
| Min. Deposit | $100 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Market Reality Check
This institution offers rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Bank Overview
- HQ LocationMinneapolis, MN
- AffiliationAmeriprise Bank is a subsidiary of Ameriprise Financial, Inc.
- Zelle® SupportAvailableIntegrated into Ameriprise Financial app.
- Deposit InsuranceFDIC Insured(Cert: 58303)
Savings Account: In-Depth View
Savings Account Offered by Ameriprise Bank
| Feature | Savings Account |
|---|---|
APY | 3.15%Range: 2.50% - 3.15%Verified: 8/19/2026 |
APY Trend | StableNo rate changes in last 30 days |
Min. Deposit | $100 |
Min. Balance | $0 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
In-Branch Access | No |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
Important | This is a tiered savings account where rates may vary based on the balance. The top APY requires a minimum balance of $50,000, if not a lower APY may be applied. |
| Next Steps | - |
Interactive Tool
Calculate Savings for Ameriprise Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$1,221.50(8.0%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,221.50
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
Last 12 Months| Metric | Savings Account |
|---|---|
Latest APY | 3.15% |
Trend | Sideways |
Slope (bps/mo) | -0.7 |
Rate Changes / Mo | 0.25 |
Days Since Last Change | 35 |
High (-12m) | 3.15% |
Low (-12m) | 3.05% |
Draw-down | 0.0% |
Volatility (CV) | 0.007 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 361-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Ameriprise Bank
| Feature | Current View Ameriprise Bank | Empty Slot |
|---|---|---|
| Product | Savings Account | - |
APY | 2.50% - 3.15%Verified: 8/19/2026 | - |
APY Trend | N/A | - |
| Min. Deposit | $100 | N/A |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| In-Branch Access | No | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC or NCUA Insured | Yes | - |
| Note | This is a tiered savings account where rates may vary based on the balance. The top APY requires a minimum balance of $50,000, if not a lower APY may be applied. | - |
| Next Steps | - | - |
CD Overview
CD Products Offered by Ameriprise Bank
| Feature | 3-Month Current CD rates 3 months | 6-Month Current CD rates 6 months | 7-Month CD 7 months | 12-Month CD 12 months |
|---|---|---|---|---|
APY | 2.75%Verified: 8/19/2026 | 2.85%Verified: 8/19/2026 | 3.50%Verified: 8/19/2026 | 2.75%Verified: 8/19/2026 |
Term | 3 months | 6 months | 7 months | 12 months |
Min. Deposit | $1,000 | $1,000 | $1,000 | $1,000 |
Early Withdrawal | N/A | N/A | N/A | N/A |
FDIC Insured | Yes | Yes | Yes | Yes |
Ameriprise Bank CD Rates Over Time
Alternatives to Ameriprise Bank
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Climate First Bank
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