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 77 out of 80 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 for the savings account
High BBB rating of A+
App Store rating of 4.9 and Google Play rating of 4.8

Considerations

Minimum balance of $50,000 required for top APY
No branches available for in-person banking
Not BBB Accredited
Lower APY may apply for balances below $50,000

Summary: Ameriprise Bank offers a high-yield savings account with a competitive APY of 3.15% for those maintaining a balance of $50,000 or more. While there are no maintenance fees, the high minimum balance requirement could be a barrier for some savers. The bank has strong ratings, with an A+ from the BBB and high app ratings, but lacks physical branches, limiting in-person support.

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)	0.0
Rate Changes / Mo	0.00
Days Since Last Change	18
High (-1 m)	3.15 %
Low (-1 m)	3.15 %
Draw-down from High	0.0 %
Volatility (CV)	0.000

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 19 days.
Low (-1 m): Lowest APY in the last 19 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