Highest IRA Savings Account Rates in Minnesota
21 Minnesota-specific products

By Aviel Fahl

Newest reading: October 14, 2026

Top Minnesota Rate:3.56% APYFDIC or NCUA Insured

The Minnesota market

Minnesota accounts

Institutions

Top Minnesota APY

3.56% APY

Nationally: 2.00% APY

FDIC national average

0.37%

As of Sep 2026

21 IRA savings accounts are open only to Minnesota residents, from 18 institutions. The highest advertised APY among them is 3.56%.

The highest nationally available rate is 2.00% APY, 156 basis points below the Minnesota leader.

15 of the 21 Minnesota IRA savings accounts advertise more than the FDIC national average of 0.37% for savings accounts as of Sep 2026.

Minnesota-Specific IRA Savings Accounts

IRA Savings accounts specifically available to Minnesota residents.

#	Institution & Rate	Earned in a year at $10,000	Requirements & Features	Minimum Deposit
#1	Bell Bank IRA Variable Rate Savings 3.56%APY Min. balance: $50 Observed: Oct 13, 2026 Show Details	+$356per year	Deposit Insurance FDIC Insured Features Low MinimumsIn-Person Access	$50
#2	First State Bank of Bigfork IRA Savings Up to3.56%APY Needs at least $45,000 Observed: Oct 14, 2026 Show Details	+$320per yearEffective: 3.20%	Deposit Insurance FDIC Insured Features Low MinimumsIn-Person Access	$25
#3	Midwest Bank Midwest IRA Savings 3.15%APY No min. balance for APY Observed: Oct 13, 2026 Show Details	+$315per year	Deposit Insurance FDIC Insured Features Low MinimumsIn-Person Access	$100
#4	Fidelity Bank & Trust IRA Savings Up to2.52%APY Needs at least $50,000 Observed: Oct 13, 2026 Show Details	+$202per yearEffective: 2.02%	Deposit Insurance FDIC Insured Features Low MinimumsIn-Person Access	$50
#5	Peoples State Bank of Plainview IRA Savings 1.66%APY Observed: Oct 3, 2026 Show Details	+$166per year	Deposit Insurance FDIC Insured Features Low MinimumsIn-Person Access	$25
#6	Bank Forward IRA Savings Account 1.60%APY No min. balance for APY Observed: Oct 7, 2026 Show Details	+$160per year	We could not confirm: minimum deposit. Deposit Insurance FDIC Insured Features No MinimumsIn-Person Access	N/A
#7	First Security Bank IRA - Variable Rate 1.51%APY Observed: Oct 13, 2026 Show Details	+$151per year	Deposit Insurance FDIC Insured Features Low MinimumsIn-Person Access	$50
#8	Perennial Bank IRA 1.51%APY Observed: Oct 7, 2026 Show Details	+$151per year	We could not confirm: minimum deposit. Deposit Insurance FDIC Insured Features No MinimumsIn-Person Access	N/A
#9	Security Bank Minnesota Variable Rate IRA Savings 1.26%APY Observed: Oct 7, 2026 Show Details	+$126per year	Deposit Insurance FDIC Insured Features Low MinimumsIn-Person Access	$100
#10	North Star Bank IRA Money Market Savings Up to1.11%APY Needs at least $25,000 Observed: Oct 7, 2026 Show Details	+$100per yearEffective: 1.00%	Deposit Insurance FDIC Insured Features Low MinimumsIn-Person Access	$50
#11	North American Banking Company IRA Savings Up to2.00%APY Needs at least $20,000 Observed: Oct 7, 2026 Show Details	+$75per yearEffective: 0.75%	Deposit Insurance FDIC Insured Features Low MinimumsIn-Person Access	$100
#12	Ultima Bank Minnesota IRA Savings Up to0.75%APY Needs at least $100,000 No min. balance for APY Observed: Oct 13, 2026 Show Details	+$35per yearEffective: 0.35%	Deposit Insurance FDIC Insured Features No MinimumsIn-Person Access	$0
#13	Forward Bank IRA Savings 0.30%APY No min. balance for APY Observed: Oct 13, 2026 Show Details	+$30per year	Deposit Insurance FDIC Insured Features No MinimumsIn-Person Access	$0
#14	CorTrust Bank National Association IRA Savings Account Up to1.25%APY Needs at least $250,000 Min. balance: $25 Observed: Oct 13, 2026 Show Details	+$15per yearEffective: 0.15%	Deposit Insurance FDIC Insured Features Low MinimumsIn-Person Access	$25
#15	Highland Bank IRA Money Market Savings Up to1.30%APY Needs at least $250,000 Min. balance: $1,000 Observed: Oct 7, 2026 Show Details	+$15per yearEffective: 0.15%	Deposit Insurance FDIC Insured Features Low MinimumsIn-Person Access	$1,000
#16	Nicolet National Bank Individual Retirement Account (IRA) 0.15%APY Min. balance: $50 Observed: Oct 13, 2026 Show Details	+$15per year	We could not confirm: minimum deposit. Deposit Insurance FDIC Insured Features Low MinimumsIn-Person Access	N/A
#17	Nicolet National Bank Relationship IRA Money Market Account Up to0.15%APY Needs at least $10,000 Observed: Oct 13, 2026 Show Details	+$15per year	We could not confirm: minimum deposit. Deposit Insurance FDIC Insured Features No MinimumsIn-Person Access	N/A
#18	Security Bank & Trust Company IRA Savings Account 0.02%APY On balances up to $9,999,999.99 · no rate stated above Observed: Oct 7, 2026 Show Details	+$2per year	Deposit Insurance FDIC Insured Features Low MinimumsIn-Person Access	$50
#19	CREDIT UNION 1 Savings IRA 0.01%APY No min. balance for APY Observed: Oct 7, 2026 Show Details	+$1per year	Features No MinimumsIn-Person Access	$0
#20	CREDIT UNION 1 Savings ROTH IRA 0.01%APY No min. balance for APY Observed: Oct 7, 2026 Show Details	+$1per year	Features No MinimumsIn-Person Access	$0

Bell Bank

IRA Variable Rate Savings

+$356

per year

3.56% APY

Oct 13, 2026

FDIC InsuredLow MinimumsIn-Person Access

Show Fine Print & Trends

Min. Deposit	$50
Min. Balance	$50
Maintenance Fee	$0
Compound Freq	N/A
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 19581)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

StableNo rate changes in last 30 days

Official SiteBell Bank

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

First State Bank of Bigfork

IRA Savings

+$320

per year

3.56% APY

Oct 14, 2026

Needs at least $45,000

APY Range: 3.20% – 3.56%

FDIC InsuredLow MinimumsIn-Person Access

Show Fine Print & Trends

Min. Deposit	$25
Min. Balance	N/A
Maintenance Fee	$0
Compound Freq	N/A
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 10991)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

No movement is shown for an “Up to” rate.

Official SiteFirst State Bank of Bigfork

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

Midwest Bank

Midwest IRA Savings

+$315

per year

3.15% APY

Oct 13, 2026

FDIC InsuredLow MinimumsIn-Person Access

Show Fine Print & Trends

Min. Deposit	$100
Min. Balance	$0.01
Maintenance Fee	$0
Compound Freq	N/A
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 9737)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

Rate Increased

+0.15%

Since 30 days ago

Official SiteMidwest Bank

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

Fidelity Bank & Trust

IRA Savings

+$202

per year

2.52% APY

Oct 13, 2026

Needs at least $50,000

APY Range: 2.02% – 2.52%

FDIC InsuredLow MinimumsIn-Person Access

Show Fine Print & Trends

Min. Deposit	$50
Min. Balance	N/A
Maintenance Fee	$0
Compound Freq	N/A
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 14382)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

No movement is shown for an “Up to” rate.

Official SiteFidelity Bank & Trust

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

Peoples State Bank of Plainview

IRA Savings

+$166

per year

1.66% APY

Oct 3, 2026

FDIC InsuredLow MinimumsIn-Person Access

Show Fine Print & Trends

Min. Deposit	$25
Min. Balance	N/A
Maintenance Fee	$0
Compound Freq	N/A
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 1100)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

Very StableNo rate changes in last 90 days

Official SitePeoples State Bank of Plainview

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

Bank Forward

IRA Savings Account

+$160

per year

1.60% APY

Oct 7, 2026

FDIC InsuredNo MinimumsIn-Person Access

We could not confirm: minimum deposit.

Show Fine Print & Trends

Min. Deposit	N/A
Min. Balance	$0.01
Maintenance Fee	$0
Compound Freq	N/A
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 8941)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

StableNo rate changes in last 7 days

Official SiteBank Forward

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

First Security Bank

IRA - Variable Rate

+$151

per year

1.51% APY

Oct 13, 2026

FDIC InsuredLow MinimumsIn-Person Access

Show Fine Print & Trends

Min. Deposit	$50
Min. Balance	N/A
Maintenance Fee	$0
Compound Freq	N/A
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 9728)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

StableNo rate changes in last 30 days

Official SiteFirst Security Bank

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

Perennial Bank

IRA

+$151

per year

1.51% APY

Oct 7, 2026

FDIC InsuredNo MinimumsIn-Person Access

We could not confirm: minimum deposit.

Show Fine Print & Trends

Min. Deposit	N/A
Min. Balance	N/A
Maintenance Fee	$0
Compound Freq	N/A
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 1413)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

StableNo rate changes in last 30 days

Official SitePerennial Bank

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

Security Bank Minnesota

Variable Rate IRA Savings

+$126

per year

1.26% APY

Oct 7, 2026

FDIC InsuredLow MinimumsIn-Person Access

Show Fine Print & Trends

Min. Deposit	$100
Min. Balance	N/A
Maintenance Fee	$0
Compound Freq	N/A
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 10984)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

Very StableNo rate changes in last 90 days

Official SiteSecurity Bank Minnesota

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

#10

North Star Bank

IRA Money Market Savings

+$100

per year

1.11% APY

Oct 7, 2026

Needs at least $25,000

APY Range: 0.90% – 1.11%

FDIC InsuredLow MinimumsIn-Person Access

Show Fine Print & Trends

Min. Deposit	$50
Min. Balance	N/A
Maintenance Fee	$0
Compound Freq	N/A
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 16733)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

No movement is shown for an “Up to” rate.

Official SiteNorth Star Bank

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

#11

North American Banking Company

IRA Savings

+$75

per year

2.00% APY

Oct 7, 2026

Needs at least $20,000

APY Range: 0.30% – 2.00%

FDIC InsuredLow MinimumsIn-Person Access

Show Fine Print & Trends

Min. Deposit	$100
Min. Balance	N/A
Maintenance Fee	$0
Compound Freq	N/A
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 34836)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

No movement is shown for an “Up to” rate.

Official SiteNorth American Banking Company

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

#12

Ultima Bank Minnesota

IRA Savings

+$35

per year

0.75% APY

Oct 13, 2026

Needs at least $100,000

APY Range: 0.30% – 0.75%

FDIC InsuredNo MinimumsIn-Person Access

Show Fine Print & Trends

Min. Deposit	$0
Min. Balance	$0
Maintenance Fee	$0
Compound Freq	N/A
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 8867)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

No movement is shown for an “Up to” rate.

Official SiteUltima Bank Minnesota

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

#13

Forward Bank

IRA Savings

+$30

per year

0.30% APY

Oct 13, 2026

FDIC InsuredNo MinimumsIn-Person Access

Show Fine Print & Trends

Min. Deposit	$0
Min. Balance	$0
Maintenance Fee	$0
Compound Freq	N/A
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 28530)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

StableNo rate changes in last 30 days

Official SiteForward Bank

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

#14

CorTrust Bank National Association

IRA Savings Account

+$15

per year

1.25% APY

Oct 13, 2026

Needs at least $250,000

APY Range: 0.15% – 1.25%

FDIC InsuredLow MinimumsIn-Person Access

Show Fine Print & Trends

Min. Deposit	$25
Min. Balance	$25
Maintenance Fee	$0
Compound Freq	quarterly
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 6063)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

No movement is shown for an “Up to” rate.

Official SiteCorTrust Bank National Association

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

#15

Highland Bank

IRA Money Market Savings

+$15

per year

1.30% APY

Oct 7, 2026

Needs at least $250,000

APY Range: 0.05% – 1.30%

FDIC InsuredLow MinimumsIn-Person Access

Show Fine Print & Trends

Min. Deposit	$1,000
Min. Balance	$1,000
Maintenance Fee	$0
Compound Freq	quarterly
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 16111)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

No movement is shown for an “Up to” rate.

Official SiteHighland Bank

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

#16

Nicolet National Bank

Individual Retirement Account (IRA)

+$15

per year

0.15% APY

Oct 13, 2026

FDIC InsuredLow MinimumsIn-Person Access

We could not confirm: minimum deposit.

Show Fine Print & Trends

Min. Deposit	N/A
Min. Balance	$50
Maintenance Fee	$0
Compound Freq	quarterly
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 57038)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

StableNo rate changes in last 7 days

Official SiteNicolet National Bank

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

#17

Nicolet National Bank

Relationship IRA Money Market Account

+$15

per year

0.15% APY

Oct 13, 2026

Needs at least $10,000

APY Range: 0.01% – 0.15%

FDIC InsuredNo MinimumsIn-Person Access

What to Watch

Variable rate. The APY can change at any time at the bank's discretion. The account requires a relationship, which the bank defines as direct deposit checking.

We could not confirm: minimum deposit.

Show Fine Print & Trends

Min. Deposit	N/A
Min. Balance	N/A
Maintenance Fee	$0
Compound Freq	monthly
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 57038)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

StableNo rate changes in last 7 days

Official SiteNicolet National Bank

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

#18

Security Bank & Trust Company

IRA Savings Account

+$2

per year

0.02% APY

Oct 7, 2026

On balances up to $9,999,999.99 · no rate stated above

FDIC InsuredLow MinimumsIn-Person Access

Show Fine Print & Trends

Min. Deposit	$50
Min. Balance	N/A
Maintenance Fee	$0
Compound Freq	N/A
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 15324)
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

StableNo rate changes in last 30 days

Official SiteSecurity Bank & Trust Company

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

#19

CREDIT UNION 1

Savings IRA

+$1

per year

0.01% APY

Oct 7, 2026

No MinimumsIn-Person Access

Show Fine Print & Trends

Min. Deposit	$0
Min. Balance	$0.01
Maintenance Fee	$0
Compound Freq	monthly
Direct Deposit	Not required
Deposit Insurance	Check Terms
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

Official SiteCREDIT UNION 1

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

#20

CREDIT UNION 1

Savings ROTH IRA

+$1

per year

0.01% APY

Oct 7, 2026

No MinimumsIn-Person Access

Show Fine Print & Trends

Min. Deposit	$0
Min. Balance	$0.01
Maintenance Fee	$0
Compound Freq	monthly
Direct Deposit	Not required
Deposit Insurance	Check Terms
Eligibility	United States
Mobile Ratings
BBB Rating

Rate Stability

Official SiteCREDIT UNION 1

Direct Link to Product Page (Not Sponsored)

Read Bank Overview

Nationally Available IRA Savings Accounts

The 3 highest-rate ira savings accounts available nationwide, including in Minnesota.

Institution	Product / Term	APY	Min. Deposit
nbkc Bank	Personal IRA Savings	2.00%	$0
Synchrony Bank	IRA Money Market Account	2.00%	$0
Carver Bank	Savings Liquit IRA	0.10%	$100

See the full national list