Ameriprise Bank: Savings Accounts & Rates

Savings rates updated: 9/26/2025

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 80 out of 83 tracked HYSAs)

Minimum Deposit: $100

National Savings Interest Rate: 0.4% (as of 9/15/2025)

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

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

App Store Rating: 4.9/5

Google Play Rating: 4.7/5

Website: Visit Ameriprise Bank

Our Take on Ameriprise Bank

Highlights

  • Current APY of 3.15% requires a minimum balance of $50,000.
  • No maintenance fees associated with the savings account.
  • High App Store rating of 4.9 and Google Play rating of 4.7.
  • A+ BBB rating indicates strong trustworthiness.

Considerations

  • Minimum deposit requirement of $100 for the savings account.
  • Requires a high minimum balance of $50,000 to earn top APY.
  • No branches available for in-person banking.
  • Not BBB Accredited, which may raise concerns for some.
Summary: Ameriprise Bank offers a competitive savings account with a 3.15% APY for balances of $50,000 or more and no maintenance fees. However, the high minimum balance requirement may deter some savers. The bank has no physical branches, which could limit access for those preferring in-person service. With an A+ BBB rating and strong app ratings, it demonstrates reliability, though it lacks BBB accreditation.

Savings Account: In-Depth View

Savings Account Offered by Ameriprise Bank

FeatureSavings Account
APY
3.15% - 3.15% (as of 9/26/2025)
APY TrendStable for the last quarter
Minimum Deposit$100
Minimum Balance for APY$50,000
FDIC-insured
Yes
Online OnlyNo
Bundled Account
No
Direct Deposit Required
No
Compound Frequency
Daily
Maintenance Fee$0
EligibilityUnited States
NoteThis 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 Account (APY: 3.15% ⎼ 3.15%)

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

Deposit Frequency:

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

MetricSavings Account
Latest APY3.15 %
TrendSideways
Slope (bps/mo)-0.0
Rate Changes / Mo0.00
Days Since Last Change65
High (-2 m)3.15 %
Low (-2 m)3.15 %
Draw-down from High0.0 %
Volatility (CV)0.000
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 2 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 (-2 m)
Highest APY in the last 66 days.
Low (-2 m)
Lowest APY in the last 66 days.
Draw-down from High
How far today sits below the 2-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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  • ConnectOne Bank - 3.75% APY
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  • Neighbors Bank - 4.60% APY
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  • Presidential Bank - 4.00-4.50% APY
  • Prime Alliance Bank - 4.05% APY
  • Primis Bank - 3.85% APY
  • Quontic Bank - 3.75% APY
  • RBMAX - 3.90% APY
  • Rising Bank - 4.20% APY
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  • Salem Five Direct - 4.01% APY
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  • SmartyPig - 3.90% APY
  • SoFi Bank - 4.50% APY
  • Synchrony Bank - 3.80% APY
  • TAB Bank - 3.80% APY
  • TD Bank - 0.05-3.00% APY
  • The State Exchange Bank - 4.11% APY
  • TIMBR - 4.40% APY
  • UFB Direct - 3.90-4.10% APY
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  • Varo Bank - 2.50-5.00% APY
  • Wells Fargo - 0.05-2.51% APY
  • Western Alliance Bank - 4.20% APY
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FeatureAmeriprise BankSelect a bank...
ProductSavings Account N/A
APY
3.15% - 3.15% (as of 9/26/2025)N/A
Bundled Account
NoN/A
FDIC-insured
YesN/A
Online OnlyNoN/A
Compound Frequency
DailyN/A
Minimum Deposit$100N/A
Minimum Balance for APY$50,000N/A
Maintenance Fee$0N/A
Direct Deposit Required
NoN/A
NoteThis 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

Alternatives to Ameriprise Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

Jenius Bank

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Minimum Deposit: $25

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Premium Savings Account: 3.75% APY

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TAB Save: 3.80% APY

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