Ameriprise Bank: Savings Account & Rates
Mission: Banksparency aims to make Ameriprise Bank's savings account transparent and comparable to the market.
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 4.25% APY.
Bank Overview
- HQ LocationMinneapolis, Minnesota
- Founded1894
- Deposit InsuranceFDIC Insured(Cert: 58303)
Our Take on Ameriprise Bank
The Good
- Decent APY of 3.15%
- No monthly maintenance fees
- Top-tier mobile apps (iOS: 4.9, Android: 4.7)
Considerations
- High minimum balance ($50000) to earn APY
- No physical branch access (online only)
- Yield is below current market leaders
Ameriprise Bank offers a tiered Savings Account with an APY of 3.15%, which requires a minimum balance of $50,000 to earn this top rate; lower APYs apply for balances below this threshold. There are no monthly maintenance fees, and the account does not require direct deposit or a checking account. However, customers should note that the high minimum balance may be a barrier for some, and the bank operates online only, lacking physical branch access. Additionally, while the APY is decent, it is below the current market leaders.
Savings Account: In-Depth View
Savings Account Offered by Ameriprise Bank
| Feature | Savings Account |
|---|---|
APY | 3.15%Range: 3.15% - 3.15%Verified: 12/12/2025 |
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 3.15 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+$1,221.50(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 5 Months| Metric | Savings Account |
|---|---|
Latest APY | 3.15% |
Trend | Sideways |
Slope (bps/mo) | -0.1 |
Rate Changes / Mo | 0.21 |
Days Since Last Change | 142 |
High (-5m) | 3.20% |
Low (-5m) | 3.15% |
Draw-down | -1.6% |
Volatility (CV) | 0.001 |
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 144-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 | 3.15% - 3.15%Verified: 12/12/2025 | - |
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 3.15 requires a minimum balance of $50,000, if not a lower APY may be applied. | - |
| Next Steps | - | - |
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