Security State Bank of Aitkin savings rates
Security Saver advertises 0.05% APY on its own. With a linked account at the bank, it advertises 2.00%.
On a $10,000 balance the account earns 0.05% overall, about $5 in a year, which is 0.33 percentage points below the national savings average of 0.38% (FDIC, Oct 2026).
Ranked #553 of 3052 tracked savings rates by advertised APY. For a $10,000 balance it would rank #2638.
Estimate your earnings·What Security State Bank of Aitkin actually pays
Security State Bank of Aitkin at a glance
| Savings | |
|---|---|
| Top savings APY | Up to 2.00% · Security Saver · needs a linked account at the bank · 0.05% without the linked account |
| Minimum to open | $25 · Security Saver |
| Against the national average | 1.62 percentage points above the 0.38% FDIC savings average (Oct 2026) |
| FDIC certificate | 16656 · Aitkin, MN |
|---|---|
| Website | www.ssbmn.com |
| Branches | 4 branches in MN |
| Availability | Available in MN |
Security State Bank of Aitkin savings rates
Rates are APY. The national savings average is 0.38% (FDIC, Oct 2026). The top tracked savings rate on Banksparency is 12.00%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.65%, and one account in ten advertises 4.20% or more. See the highest savings rates.
Interactive Tool
Calculate Savings for Security State Bank of Aitkin
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$18.60(0.1%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,018.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Security State Bank of Aitkin pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined. The 2.00% needs a linked account at the bank. Without the linked account, the account advertises 0.05%.
In Q2 2026, Security State Bank of Aitkin paid a higher average rate on savings and money market deposits than 13% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Security State Bank of Aitkin, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Security Saver | Up to 2.00% | $25 | $0 | None | not stated | Linked account at the bank | Tiered | not enough history |
| Fine print: A linked Security High Yield Checking or Security Cash Back Checking account is required. The higher rate applies in a monthly qualification cycle in which the linked checking account meets its qualifications: eStatements, at least one direct deposit or ACH credit, and at least 12 debit card purchases. Otherwise the account earns the base interest rate. The higher rate applies to daily balances up to $25,000; the portion of the balance over $25,000 earns a lower interest rate. | ||||||||
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
Opening and using the account
| Availability | Available in MN |
|---|---|
| Footprint | 4 branches in MN |
| Eligibility | not stated |
How Security State Bank of Aitkin behaves over time
- Rate last changed
- Oct 22, 2026(effective date)
$10,000 in Security State Bank of Aitkin's Security Saver earns 0.05% overall at the advertised rates, so it grows to $10,005 in a year. Prices rose 3.7% in the year to September 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,644 does today. See how the federal funds rate shapes savings rates.
Who is Security State Bank of Aitkin?
| Headquarters | Aitkin, MN |
|---|---|
| Founded | 1947 |
| Scale | $114M assets · $107M deposits, $71M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 16656 |
| Charter state | Minnesota · one of 223 insured banks chartered there (Q2 2026, FDIC) |
| Size | 3,466th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 43% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Security State Bank of Aitkin pays on deposits above.
Common questions about Security State Bank of Aitkin
Is Security State Bank of Aitkin FDIC insured?
Yes. Security State Bank of Aitkin is FDIC insured under certificate 16656, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Security State Bank of Aitkin?
Security State Bank of Aitkin requires a minimum deposit of $25 to open its Security Saver account, as observed on Oct 22, 2026. Check the bank's current terms before you open an account.
Does the 2.00% apply to my whole balance?
The 2.00% needs a linked account at the bank. Without the linked account, the account advertises 0.05%. Rates are as observed on Oct 22, 2026.
Does Security State Bank of Aitkin have branches?
Yes. Security State Bank of Aitkin operates 4 branches according to FDIC branch records, in addition to its website and mobile apps.
Security State Bank of Aitkin against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Security State Bank of Aitkin | Up to2.00% | 0.46% | $25 | 4 branches in MN |
| Century Bank | 2.00% | 0.77% | $2,000 | 9 branches in NM |
| Citizens Savings Bank | Up to2.00% | 1.62% | $100 | 3 branches in IA |
| Community National Bank in Monmouth | 2.00% | not stated | $100 | 1 branch in IL |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Security State Bank of Aitkin's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Minnesota, nearest to Security State Bank of Aitkin in deposits:
Rate hubs: today's highest savings rates.
State pages: savings rates in Minnesota, and banks in Minnesota.