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Citizens Bank Minnesota


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.citizensmn.bank
507-354-3165
105 North Minnesota Street
New Ulm, MN 56073

Citizens Bank Minnesota is headquartered in NEW ULM and is the 37th largest bank in the state of Minnesota. It is also the 1,621st largest bank in the nation. It was established in 1875 and as of March of 2025, it had grown to 93 employees at 6 locations. Citizens Bank Minnesota's CD rates are 11% higher than the national average, and it has a B+ health rating.

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Health
B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #8200
Year Established1875
Employees93
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.44%
Return on Equity - YTD5.3%
Annual Interest Income$6.2MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$577.1MM$582.4MM
LoansQ1 2025vs Q1 2024$382.7MM$382.3MM
DepositsQ1 2025vs Q1 2024$501.9MM$502.9MM
Equity CapitalQ1 2025vs Q1 2024$48.6MM$44.4MM
Loan Loss AllowanceQ1 2025vs Q1 2024$2.8MM$2.8MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$0$93K
Real Estate OwnedQ1 2025vs Q1 2024$364K$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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Always verify rates and promotions with the bank or credit union. We are not Citizens Bank Minnesota; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Citizens Bank Minnesota Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%*$0$5kWooHoo! U Youth Savings
OTHER TIERS: 0.50% → $7.5k+ | 1.00% → $5k - $7.5k
2.02%*$100k*-WooHoo! Savings
OTHER TIERS: 0.75% → $0 - $15k | 1.00% → $15k - $50k | 1.51% → $50k - $100k
0.75%$0-Health Savings Account
0.50%*$100k*-Investment Savings
OTHER TIERS: 0.10% → $1k - $15k | 0.20% → $15k - $50k | 0.35% → $50k - $100k
0.05%$100-Regular Savings

Citizens Bank Minnesota Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%*$0$15kWooHoo! Checking
OTHER TIERS: 0.05% → $15k+
0.50%*$100k*-WooHoo! Business Checking
OTHER TIERS: 0.10% → $0 - $15k | 0.20% → $15k - $50k | 0.35% → $50k - $100k
0.10%$1k-Easy Interest Checking

Citizens Bank Minnesota CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.06%$2.5k-9 Month Share Certificate Special
3.91%†$2.5k-21 Month Share Certificate Special
2.78%$500-Business 96 Month Share Certificate
2.78%$500-96 Month Share Certificate
2.52%$500-60 Month Share Certificate
2.52%$500-Business 60 Month Share Certificate
2.32%$500-Business 48 Month Share Certificate
2.32%$500-48 Month Share Certificate
2.22%$500-Business 36 Month Share Certificate
2.22%$500-36 Month Share Certificate
2.12%$500-Business 30 Month Share Certificate
2.12%$500-30 Month Share Certificate
2.02%$500-24 Month Share Certificate
2.02%$500-Business 24 Month Share Certificate
1.51%$500-Business 18 Month Share Certificate
1.51%$500-18 Month Share Certificate
1.00%$500-Business 12 Month Share Certificate
1.00%$500-12 Month Share Certificate
0.75%$500-6 Month Share Certificate
0.75%$500-Business 6 Month Share Certificate
0.50%$500-Business 3 Month Share Certificate
0.50%$500-3 Month Share Certificate

Citizens Bank Minnesota IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.03%$0-60 Month IRA Certificate Special
2.78%$500-96 Month IRA Certificate
2.52%$500-60 Month IRA Certificate
2.32%$500-48 Month IRA Certificate
2.22%$500-36 Month IRA Certificate
2.12%$500-30 Month IRA Certificate
2.02%$500-24 Month IRA Certificate
1.51%$500-18 Month IRA Certificate
1.00%$500-12 Month IRA Certificate
0.75%$500-6 Month IRA Certificate
0.50%$500-3 Month IRA Certificate
Locations


Citizens Bank Minnesota Locations
LA Salle Branch102 S BroadwayLa Salle, MN 56056
Citizens Bank Minnesota105 N Minnesota StNew Ulm, MN 56073
Lakeville Branch18476 Kenrick AvenueLakeville, MN 55044
Lafayette Branch701 Main AvenueLafayette, MN 56054
Farmers State Bank Of Watkins Branch170 Meeker Ave NWatkins, MN 55389
Ormsby Branch513 Main StreetOrmsby, MN 56162

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