Ameriprise Bank: Savings Accounts & Rates

Savings rates updated: 11/11/2025

Mission statement: Banksparency aims to make Ameriprise Bank's savings accounts transparent and comparable to those of other banks. .

Note: Interest rates below are reported as APY, or Annual Percentage Yield

We earn a commission if you open an account through some links on this page.

Savings Overview

Savings Account: 3.15% - 3.15% APY(Rank 78 out of 82 tracked HYSAs)

Minimum Deposit: $100

National Savings Interest Rate: 0.4% (as of 10/20/2025)

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: 4.7/5

Website: Visit Ameriprise Bank

Our Take on Ameriprise Bank

Highlights

APY of 3.15% for balances over $50,000
No maintenance fees for the savings account
High App Store rating of 4.9
Strong BBB rating of A+

Considerations

Minimum balance requirement of $50,000 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 balances over $50,000. The account has no maintenance fees, making it cost-effective for savers. However, the minimum balance requirement may limit accessibility for some customers. Additionally, the bank operates online only, with no physical branches. Despite not being BBB Accredited, it holds a strong A+ rating, reflecting its trustworthiness.

Savings Account: In-Depth View

Savings Account Offered by Ameriprise Bank

Feature	Savings Account
APY	3.15% - 3.15% (as of 11/11/2025)
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	111
High (-4 m)	3.15 %
Low (-4 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 4 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 (-4 m): Highest APY in the last 112 days.
Low (-4 m): Lowest APY in the last 112 days.
Draw-down from High: How far today sits below the 4-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

Affirm - 3.60% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.30% APY
Amalgamated Bank - 2.25% APY
American Express - 3.50% APY
Axos Bank - 4.51% APY
Bank5 Connect - 3.85% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 3.90% APY
Betterment - 3.50% APY
BMO Alto - 3.25% APY
Bread Savings - 4.20% APY
BrioDirect - 4.00% APY
Capital One - 3.40% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
Chime - 1.00-3.50% APY
CIBC Bank USA - 3.92% APY
CIT Bank - 0.25-3.85% APY
Citibank - 3.35% APY
Citizens Access™ - 3.35% APY
Colorado Federal Savings Bank - 4.05% APY
ConnectOne Bank - 3.60% APY
Customers Bank - 3.73% APY
Discover Bank - 3.40% APY
Elevault - 4.08% APY
E*TRADE from Morgan Stanley - 3.75% APY
EverBank - 4.05% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.00% APY
Fitness Bank - 4.75% APY
Flagstar Bank - 3.75% APY
FNBO Direct - 3.00% APY
Forbright Bank - 4.00% APY
FVCbank - 3.85% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 3.90% APY
Marcus by Goldman Sachs - 3.65% APY
MutualOne Bank - 4.07% APY
My Banking Direct - 4.11% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.50% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.20% APY
Pibank - 4.60% APY
PNC - 3.70% APY
Poppy Bank - 4.00% APY
Popular Direct - 4.00% APY
Presidential Bank - 3.75-4.25% APY
Prime Alliance Bank - 3.90% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 4.00% APY
ROGER - 3.87% APY
Salem Five Direct - 3.71% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.50% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-2.75% APY
The State Exchange Bank - 3.96% APY
TIMBR - 4.40% APY
UFB Direct - 3.51-3.71% APY
Upgrade - 3.05% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-0.05% APY
Western Alliance Bank - 4.05% APY
Zynlo Bank - 4.20% APY

Feature	Ameriprise Bank	Select a bank...
Product	Savings Account	N/A
APY	3.15% - 3.15% (as of 11/11/2025)	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

Alternatives to Ameriprise Bank

Banks with Higher/Similar Savings APY

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

Discover Bank

Online Savings Account: 3.40% APY

Minimum Deposit: $0

Online Only

Jenius Bank

Jenius Savings: 4.20% APY

Minimum Deposit: $0

Online Only

Axos Bank

Axos ONE: 4.51% APY

Bundled Savings & Checking Account

Minimum Deposit: $0

Online Only

Summit Savings: 4.00% APY

Minimum Deposit: $0

Online Only

High Yield Savings: 0.61% APY

Minimum Deposit: $0

Online Only

Wells Fargo

Way2Save Savings: 0.01% APY

Minimum Deposit: $25

Platinum Savings: 0.05% APY

Bundled Savings & Checking Account

Minimum Deposit: $25

Citibank

Citi Accelerate Savings: 3.35% APY

Minimum Deposit: $0

Online Only

Eligible States: Limited (see details)

Citi® Savings Account: 0.03% APY

Minimum Deposit: $0

Eligible States: Limited (see details)

MySavingsDirect

MySavings Account: 3.75% APY

Minimum Deposit: $0

Online Only

TAB Bank

TAB Save: 3.80% APY

Minimum Deposit: $1,000

Online Only

Prime Alliance Bank

Personal Savings: 3.90% APY

Minimum Deposit: $0

OMB Bank

High Interest Savings Account: 1.00% APY

Bundled Savings & Checking Account

Minimum Deposit: $25

GO2bank

High Yield Savings: 4.50% APY

Minimum Deposit: $0

Online Only

FVCbank

Advantage Direct Savings: 3.85% APY

Minimum Deposit: $500

Online Only

UFB Direct

UFB Portfolio Savings: 3.51% APY

Minimum Deposit: $0

Online Only

UFB Checking and Savings Bundle: 3.71% APY

Minimum Deposit: $5000

Online Only

Direct Deposit: Not required