Highest Money Market Rates in Minnesota
73 Minnesota-specific accounts
Top Minnesota Rate:3.85% APYFDIC or NCUA Insured
The Minnesota market
Minnesota accounts
73
Institutions
49
Top Minnesota APY
3.85% APY
Nationally: 4.00% APY
FDIC national average
0.63%
As of Sep 2026
73 money market accounts are open only to Minnesota residents, from 49 institutions. The highest advertised APY among them is 3.85%.
The highest nationally available rate is 4.00% APY, 15 basis points above the Minnesota leader.
55 of the 73 Minnesota money market accounts advertise more than the FDIC national average of 0.63% for money market accounts as of Sep 2026.
Minnesota-Specific Money Market Accounts
Money market accounts specifically available to Minnesota residents.
| Institution | Product / Term | APY |
|---|---|---|
| Old National Bank | Market Monitorneeds at least $20,000 | Up to3.85% |
| UMB Bank, National Association | UMB Retail Money Marketneeds at least $10,000 | 3.71% |
| Security State Bank of Marine | Money Market Platinumneeds at least $500,000 | Up to3.56% |
| Midwest Bank | Midwest Money Market Savingsneeds at least $1,000,000 | Up to3.51% |
| Citizens Alliance Bank | High Yield Money Market Savingsneeds at least $2,500,000 | 3.45% |
| First State Bank of Bigfork | Super Money Market Accountneeds at least $45,000 | 3.30% |
| Portage Bank | New Frontiers Money Marketneeds at least $500,000 | Up to3.30% |
| BankVista | Money Market Savingsneeds at least $100,000 | Up to3.04% |
| Bell Bank | Elite Money Market Savings | 3.01% |
| Foresight Bank | Money Marketneeds at least $500,000 | Up to2.94% |
| The Bank of Elk River | Momentum Money Marketneeds at least $250,000 | Up to2.80% |
| Great Southern Bank | Money Market Plus | 2.78% |
| North Star Bank | ExecuStar Money Market Savingsneeds at least $150,000 | 2.78% |
| BMO Bank | Growth Money Marketrelationship rate from $250,000 · 0.05% to 2.24% without the relationship | Up to2.76% |
| Nicolet National Bank | MVP Money Market Account (MVP MMA)needs at least $1,000,000 | Up to2.65% |
| Harvest Bank | Prime Time Money Marketbalances of $250,000 to $999,999.99 only | Up to2.60% |
| First State Bank and Trust | Investors Plus Money Marketneeds at least $500,000 | Up to2.53% |
| Gate City Bank | Money Market Savingsneeds at least $1,000,000 | Up to2.50% |
| Gateway First Bank | Gateway Money Marketneeds at least $25,000 | Up to2.50% |
| North American Banking Company | Preferred Money Marketneeds at least $1,000,000 | Up to2.50% |
| The Citizens National Bank of Park Rapids | Platinum Money Market Accountneeds at least $500,000 | Up to2.50% |
| Dacotah Bank | Money Manager Accountneeds at least $1,000,000 | 2.38% |
| Odin State Bank | Premium Money Market Accountneeds at least $250,000.01 | Up to2.32% |
| Citizens State Bank Norwood Young America | Prime Money Marketneeds at least $500,000 | Up to2.27% |
| First Security Bank | Rewards Money Marketneeds at least $250,000 | 2.27% |
| Security Bank Minnesota | Platinum Money Market Savings $10,000 min./below $25 s/c $.01 $19,999.99needs at least $250,000 · needs a linked account at the bank | Up to2.27% |
| BANKWEST | High-Yield Money Market Savingsneeds at least $750,000 | Up to2.12% |
| Grove Bank | Money Market Savingsneeds at least $100,000 | Up to2.02% |
| Perennial Bank | Money Marketneeds at least $50,000 | Up to2.02% |
| Bank Forward | Forward Money Market Savingsneeds at least $2,000,000 | Up to2.00% |
| Northeast Bank | Northeast Money Market Savingsneeds at least $2,000,000 | Up to1.80% |
| Cornerstone State Bank | CornerStone Gold/VIP Money Marketneeds at least $150,000 | 1.76% |
| Center National Bank | Money Market Platinum Savingsneeds at least $100,000 | Up to1.74% |
| Cornerstone State Bank | CornerStone Personal Money Marketneeds at least $150,000 | Up to1.71% |
| Highland Bank | Premier Money Market Savingsneeds at least $5,000,000 | Up to1.66% |
| Forward Bank | CMMAneeds at least $1,000,000 | Up to1.61% |
| The First National Bank of Bemidji | First Insured Money Marketneeds at least $250,000 | Up to1.61% |
| First Security Bank | Money Marketneeds at least $50,000 | Up to1.56% |
| Community Bank Mankato | Blue Chip MMDAneeds at least $250,000 | 1.51% |
| North Star Bank | Five Star Money Market Savingsneeds at least $25,000 | Up to1.41% |
| Primebank | Money Marketneeds at least $100,000 | Up to1.40% |
| Security Bank & Trust Company | Money Marketneeds at least $1,000,000 | Up to1.38% |
| Bell Bank | Premier Money Market Savingsneeds at least $500,000 | Up to1.36% |
| Security Bank Minnesota | Money Market - Investment Savingsneeds at least $50,000 · needs a linked account at the bank | Up to1.26% |
| The First National Bank of Moose Lake | Investors Money Market Savingsneeds at least $100,000 | Up to1.20% |
| North Star Bank | Money Market Savingsneeds at least $25,000 | Up to1.11% |
| Bank Forward | Money Market Savingsneeds at least $100,000 | Up to1.10% |
| BANKWEST | Preferred Money Market Savingsneeds at least $250,000 | Up to1.00% |
| Citizens State Bank Norwood Young America | Portfolio Money Marketneeds at least $150,000 | Up to1.00% |
| Community Bank Owatonna | Smart Rate Money Marketneeds at least $90,000 | 1.00% |
Nationally Available Money Market Accounts
The 8 highest-rate money market accounts available nationwide, including in Minnesota.
| Institution | Product / Term | APY |
|---|---|---|
| Bank5 Connect | Money Market Account | 4.00% |
| Climate First Bank | Impact Money Market | 3.96% |
| Prime Alliance Bank | Personal Money Market | 3.90% |
| Quontic Bank | Money Market Account | 3.90% |
| Customers Bank | Ascent Money Market Savings Account | 3.63% |
| Sallie Mae Bank | Money Market Account | 3.60% |
| FNBO Direct | Online Money Market Accountneeds at least $500,000 | Up to3.55% |
| U.S. Bank | Elite Money Marketbalances of $25,000 to $9,999,999,999.99 only | Up to3.40% |