Security Bank Minnesota: Savings Accounts, CDs, Money Market & Rates

By Aviel Fahl

Updated: 8/19/2026

Mission: Banksparency aims to make Security Bank Minnesota's deposit accounts transparent and comparable to the market.

Interest rates reported as APY

Analysis of Security Bank Minnesota

Our verdict

CD Analysis

Security Bank Minnesota offers CDs paying up to 3.71% APY on its 19 months term, across 10 term lengths.

Tracking 15 active CD products, useful for locking in today's rate before further moves at the Fed.

Best CD use: locking in 3.71% APY for a 19 months term and laddering across multiple maturities.

Security Bank Minnesota also offers Platinum Money Market Savings $10,000 min./below $25 s/c $.01 $19,999.99, a money market account paying 2.27% APY with a $10,000 minimum deposit.

At 2.27% APY, Security Bank Minnesota pays 4x the national money market average of 0.63%.

Additional Accounts

Money Market - Investment Savings, a money market account at 1.26% APY.
Economy Savings $25 min., a savings account at 0.25% APY.
Regular Savings $100 min./below $3 s/c, a savings account at 0.25% APY.

Ideal User Profile

Best for: keeping checking and savings at one bank.

IRA Analysis

Security Bank Minnesota also offers an IRA savings account paying up to 1.26% APY.

Tracking 1 active IRA savings product, useful for tax-advantaged retirement savings.

Best IRA use: tax-advantaged retirement saving.

Important Considerations

To earn the Platinum Money Market Savings $10,000 min./below $25 s/c $.01 $19,999.99 top rate, you'll need a linked checking account with Security Bank Minnesota.

No app ratings available for this bank.

iOS app rating is not available.

Android app rating is not available.

Deposit Accounts Overview

Economy Savings $25 min.

Savings

0.25% APY

Min: $25 Checking Bundle Branch Access

Rank #212 of 337 tracked.

Regular Savings $100 min./below $3 s/c

Savings

0.25% APY

Min: $100 Checking Bundle Branch Access

Rank #213 of 337 tracked.

Variable Rate HSA

Savings

0.25% APY

Tiered Range: 0.15% - 0.25%

Min: $100 Branch Access

Rank #214 of 337 tracked.

Platinum Money Market Savings $10,000 min./below $25 s/c $.01 $19,999.99

Money Market

2.27% APY

Tiered Range: 0.75% - 2.27%

Min: $10,000 Checking Bundle Branch Access

Money Market - Investment Savings

Money Market

1.26% APY

Tiered Range: 0.65% - 1.26%

Min: $1,000 Checking Bundle Branch Access

Variable Rate IRA Savings

IRA Savings

1.26% APY

Min: $100 Branch Access

Market Reality Check

This institution offers rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.

See Top Rates

National Avg: 0.38% (FDIC, 8/1/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationAlbert Lea, MN
Deposit InsuranceFDIC Insured(Cert: 10984)

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

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

FDIC or NCUA insured

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 APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. 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.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Aug 19, 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

Savings3.20%APY

Go to Quontic Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	10000
Min. Balance in Savings Account	0
Mobile Ratings	iOS:4.8 Android:4.9

Deposit Accounts: In-Depth View

Savings Accounts Offered by Security Bank Minnesota

Feature	Economy Savings $25 min.	Variable Rate HSA	Regular Savings $100 min./below $3 s/c
APY	0.25%Verified: 8/19/2026	0.25%Range: 0.15% - 0.25%Verified: 8/19/2026	0.25%Verified: 8/19/2026
APY Trend	N/A	N/A	N/A
Min. Deposit	$25	$100	$100
Min. Balance	N/A	N/A	N/A
Monthly Fee	N/A	N/A	N/A
Direct Deposit	None	None	None
Checking Bundle	Yes	No	Yes
In-Branch Access	Yes	Yes	Yes
Compounding	N/A	N/A	N/A
FDIC Insured	Yes	Yes	Yes
Eligibility	United States	United States	United States
Next Steps	-	-	-

Interactive Tool

Calculate Savings for Security Bank Minnesota

All calculations are based on APY.

Choose savings account

Initial deposit

Recurring deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$93.40(0.7%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$14,093.40

Effective APY

0.25%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Security Bank Minnesota Deposit Rates Over Time

Historical APY Insights

Last 6 Months

Metric	Variable Rate HSA	Money Market: Platinum Money Market Savings $10,000 min./below $25 s/c $.01 $19,999.99
Latest APY	0.25%	2.27%
Trend	Sideways	Rising
Slope (bps/mo)	1.5	12.9
Rate Changes / Mo	0.52	0.34
Days Since Last Change	18	18
High (-6m)	0.25%	2.27%
Low (-6m)	0.15%	0.75%
Draw-down	0.0%	0.0%
Volatility (CV)	0.233	0.348

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 174-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 Security Bank Minnesota

Feature	Current View Security Bank Minnesota	Empty Slot
Product		-
APY	0.25%Verified: 8/19/2026	-
APY Trend	N/A	-
Min. Deposit	$25	N/A
Monthly Fee	N/A	-
Direct Deposit	No	-
Checking Bundle	Yes	-
In-Branch Access	Yes	-
Eligibility	United States	-
Compounding	N/A	-
FDIC or NCUA Insured	Yes	-
Next Steps	-	-

CD Overview

3.71% Highest APY

Across 15 CD products with terms: 6 months, 12 months, 3 months, 19 months, 10 months, 60 months, 48 months, 36 months, 24 months, 18 months

CD Products Offered by Security Bank Minnesota

Feature	3-Month Certificates of Deposit 3 months	6-Month Certificates of Deposit 6 months	10-Month Certificates of Deposit Specials 10 months	12 Months 12 months	12-Month Certificates of Deposit 12 months	18-Month Certificates of Deposit 18 months	19-Month Certificates of Deposit Specials 19 months	24-Month Certificates of Deposit 24 months	24 Months 24 months	36-Month Certificates of Deposit 36 months	36 Months 36 months	48-Month Certificates of Deposit 48 months	48 Months 48 months	60-Month Certificates of Deposit 60 months	60 Months 60 months
APY	1.91%Verified: 8/19/2026	2.06%Verified: 8/19/2026	3.61%Verified: 8/19/2026	2.15%Verified: 8/19/2026	2.15%Verified: 8/19/2026	2.30%Verified: 8/19/2026	3.71%Verified: 8/19/2026	2.35%Verified: 8/19/2026	2.35%Verified: 8/19/2026	2.40%Verified: 8/19/2026	2.40%Verified: 8/19/2026	2.55%Verified: 8/19/2026	2.55%Verified: 8/19/2026	2.65%Verified: 8/19/2026	2.65%Verified: 8/19/2026
Term	3 months	6 months	10 months	12 months	12 months	18 months	19 months	24 months	24 months	36 months	36 months	48 months	48 months	60 months	60 months
Min. Deposit	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000
Early Withdrawal	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FDIC Insured	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes

Security Bank Minnesota CD Rates Over Time

Money Market Accounts Offered by Security Bank Minnesota

Feature	Platinum Money Market Savings $10,000 min./below $25 s/c $.01 $19,999.99	Money Market - Investment Savings
APY	2.27%Range: 0.75% - 2.27%Verified: 8/19/2026	1.26%Range: 0.65% - 1.26%Verified: 8/19/2026
Min. Deposit	$10,000	$1,000
Min. Balance	N/A	N/A
Monthly Fee	N/A	N/A
Direct Deposit	None	None
In-Branch Access	Yes	Yes
Compounding	N/A	N/A
FDIC Insured	Yes	Yes
Eligibility	United States	United States

Alternatives to Security Bank Minnesota

Banks with Higher/Similar Savings APY

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

TAB Bank

Business Money Market: 3.25% APY

Minimum Deposit: $25

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First Federal Savings and Loan Association of Central Illinois, S.B.

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Bundled Savings & Checking Account

Minimum Deposit: $100

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Minimum Deposit: $1,000

Northeast Bank

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Minimum Deposit: $5,000

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Minimum Deposit: $2,500

Eligible States: Limited (see details)

Propel Preferred Savings: 2.75% APY

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High-Yield Savings Account: 3.85% APY

Minimum Deposit: $2,500

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FNBO Direct

High-Yield Online Savings Account: 3.00% APY

Minimum Deposit: $0

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Minimum Deposit: $0

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Security State Bank of Marine

Super Savers: 0.10% APY

Minimum Deposit: N/A

Piggy Bank Savers: 0.10% APY

Minimum Deposit: N/A

Money Market Platinum: 3.56% APY

Minimum Deposit: N/A

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Minimum Deposit: N/A

Passbook Savings: 0.10% APY

Minimum Deposit: N/A

TD Bank

TD Signature Savings: 2.50% APY

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Minimum Deposit: $0

Salem Five Direct

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Synchrony Bank

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Minimum Deposit: $0

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Minimum Deposit: $0

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Florence Bank

Club Account: 0.05% APY

Minimum Deposit: $10

School Savings: 0.10% APY

Minimum Deposit: $1

Variable IRA Savings Account: 0.05% APY

Minimum Deposit: $10

High-Yield Savings: 3.20% APY

Minimum Deposit: $10

NextGen Savings: 1.00% APY

Minimum Deposit: $0

Performance Money Market Account: 0.05% APY

Bundled Savings & Checking Account

Minimum Deposit: $1,000

Money Market Account: 0.05% APY

Minimum Deposit: $1,000

Statement Savings: 0.05% APY

Minimum Deposit: $10

Passbook Savings: 0.05% APY

Minimum Deposit: $10

Security Deposit Account: 0.05% APY

Minimum Deposit: $10

EZ $ave: 0.05% APY

Bundled Savings & Checking Account

Minimum Deposit: $10

Varo Bank

High-Yield Savings Account: 3.75% APY

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Minimum Deposit: $0

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Direct Deposit: Not required

First State Bank & Trust

Classic Savings: 1.00% APY

Minimum Deposit: $200

Classic Money Market: 1.35% APY

Minimum Deposit: $2,000