Ameriprise Bank: Savings Account & Rates

By Aviel Fahl

Updated: 1/7/2026

Mission: Banksparency aims to make Ameriprise Bank's savings account transparent and comparable to the market.

Interest rates reported as APY

Savings Overview

Savings Account

3.10% APY

Tiered Range: 3.10% - 3.10%

Rate Adjusted

-0.05%

Since 30 days ago

Min: $100 Online Only

Min. Deposit	$100
Min. Balance	$50,000
Maintenance Fee	$0

Rank #79 of 102 tracked.

This is a tiered savings account where rates may vary based on the balance. The top APY of 3.1 requires a minimum balance of $50,000, if not a lower APY may be applied.

Market Reality Check

This bank offers rates below the current top tier. The best rates we track are currently above 4.21% APY.

See Top Rates

National Avg: 0.39% (FDIC, 12/15/2025).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationMinneapolis, Minnesota
Founded1894
AffiliationAmeriprise Bank is a subsidiary of Ameriprise Financial, Inc.
Ratings & Trust
4.9iOS 4.7Android A+BBB Not BBB Accredited (Information provided is for Ameriprise Financial)
Zelle® SupportAvailable
Integrated into Ameriprise Financial app.
Deposit InsuranceFDIC Insured(Cert: 58303)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.31%APY

Checking0.51%APY

Go to Axos Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$0
Min. Balance in Savings Account	$0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.5

The 4.31% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

PREMIUM ACCOUNT, GENEROUS BONUS

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FDIC Insured

CIT Bank - Platinum Savings

Competitive APY - with a balance of $5,000+
Earn up to $300 bonus with qualifying deposit
Highly rated mobile apps

FDIC Insured

Savings3.75%APY

Up to$300Bonus

Go to CIT Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$5,000
Mobile Ratings	iOS:4.8 Android:4.4

This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Jan 7, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.50%APY

Go to Quontic Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$0
Mobile Ratings	iOS:4.8 Android:4.9

FLEXIBILITY & Customer Service

SponsoredVerified Jan 7, 2026

UFB Direct

FDIC Insured

UFB Portfolio Savings

No maintenance fee or minimum balance to open
Boost your savings rate by 0.20% APY with Freedom Checking
Earn 2.00% APY on checking balances

FDIC Insured

Savings3.26%APY

Go to UFB Direct

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$0
Min. Balance in Savings Account	$0
Mobile Ratings	iOS:4.8 Android:4.3

Our Take on Ameriprise Bank

The Good

Decent APY of 3.10%
No monthly maintenance fees
Highly rated 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

Verdict

Ameriprise Bank offers a tiered savings account with an APY of 3.10%, but to earn this top rate, a minimum balance of $50,000 is required; otherwise, a lower APY may apply. There are no monthly maintenance fees, and the bank does not require direct deposit or a checking account. However, customers should note that the high minimum balance can be a barrier, and the account is accessible online only, lacking physical branch locations. Additionally, while the APY is decent, it falls below current market leaders.

Savings Account: In-Depth View

Savings Account Offered by Ameriprise Bank

Feature	Savings Account
APY	3.10%Range: 3.10% - 3.10%Verified: 1/7/2026
APY Trend	Rate Adjusted -0.05% Since 30 days ago
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 3.1 requires a minimum balance of $50,000, if not a lower APY may be applied.
Next Steps	-

Calculate Savings for Ameriprise Bank

All calculations are based on APY.

Selected Product

Savings Account3.10% - 3.10% APY

Initial Deposit

⚠️

Minimum balance for higher APY: $50,000

Recurring Deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$1,201.30(7.9%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$15,201.30

Effective APY

3.10%

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 6 Months

Metric	Savings Account
Latest APY	3.10%
Trend	Sideways
Slope (bps/mo)	-0.5
Rate Changes / Mo	0.18
Days Since Last Change	14
High (-6m)	3.15%
Low (-6m)	3.10%
Draw-down	-1.6%
Volatility (CV)	0.005

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 169-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	3.10% - 3.10%Verified: 1/7/2026	-
APY Trend	Rate Adjusted -0.05% Since 30 days ago	-
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 3.1 requires a minimum balance of $50,000, if not a lower APY may be applied.	-
Next Steps	-	-