Ameriprise Bank: Savings Account & Rates
Mission: Banksparency aims to make Ameriprise Bank's savings account transparent and comparable to the market.
Analysis of Ameriprise Bank
Our verdict
Ameriprise Bank offers a high-yield savings account paying 3.05% APY with a $100 minimum deposit. To earn the full 3.05% APY, a minimum balance of $50,000 is required — below that, the rate drops to as low as 3.00% APY.
At 3.05% APY, Ameriprise Bank pays 8x the national average (0.38%). Ranks in the top tier of 98+ accounts tracked.
Ideal User Profile
- Best for: simple saving without extra requirements, banking without needing a branch, and quick transfers with Zelle.
Key Differentiators
- Stands out with top-rated iOS app (4.9), highly-rated Android app (4.8), A+ BBB rating, Zelle for instant transfers.
Savings Overview
Savings Account
| Min. Deposit | $100 |
| Min. Balance | $50,000 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.10% APY.
Bank Overview
- HQ LocationMinneapolis, Minnesota
- Founded1894
- 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 | 3.05%Range: 3.00% - 3.05%Verified: 5/23/2026 |
APY Trend | Very StableNo rate changes in last 90 days |
Min. Deposit | $100 |
Min. Balance | $50,000 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
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 of 3.05 requires a minimum balance of $50,000, if not a lower APY may be applied. |
| Next Steps | - |
Calculate Savings for Ameriprise Bank
Minimum balance for higher APY: $50,000
Savings Breakdown
- Interest Earned+$1,161.10(7.7%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,161.10
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 10 Months| Metric | Savings Account |
|---|---|
Latest APY | 3.05% |
Trend | Sideways |
Slope (bps/mo) | -1.5 |
Rate Changes / Mo | 0.30 |
Days Since Last Change | 121 |
High (-10m) | 3.20% |
Low (-10m) | 3.05% |
Draw-down | -4.7% |
Volatility (CV) | 0.015 |
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 305-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 | 3.00% - 3.05%Verified: 5/23/2026 | - |
APY Trend | Very StableNo rate changes in last 90 days | - |
| Min. Deposit | $100 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Note | This is a tiered savings account where rates may vary based on the balance. The top APY of 3.05 requires a minimum balance of $50,000, if not a lower APY may be applied. | - |
| Next Steps | - | - |
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