First Independent Bank (MN)

TODAY'S FEATURED RATES

Member FDIC

3.85%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Limited time offer: Earn up to $300 cash bonus. Terms apply.

Member FDIC

4.05%

Our Rating

3.8 / 5

Jenius Bank

Jenius Savings Account

See Offer

Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

Member NCUA

5.00%

Our Rating

4.2 / 5

Langley Federal Credit Union

High-Yield Savings

See Offer

Sponsored Note: + 1.20% Boost on High Yield Savings APY, for up to 5.00% APY for 3 months on new accounts. Terms apply. See website for details.

Member FDIC

3.40%

Our Rating

4.6 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: Watch your money grow with no monthly fees or minimums.

Member FDIC

3.50%

Our Rating

4.3 / 5

American Express National Bank, Member FDIC

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Overview / Commentary

www.fibmn.com

507-823-4391

300 Front Street
Russell, MN 56169

First Independent Bank (MN) is headquartered in RUSSELL and is the 39^th largest bank in the state of Minnesota. It is also the 1,677^th largest bank in the nation. It was established in 1903 and as of June of 2025, it had grown to 82 employees at 11 locations. First Independent Bank (MN)'s CD rates are 34% higher than the national average, and it has an A health rating.

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Health

Data as of Q2 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	1900
Year Established	1903
Employees	82
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.23%
Return on Equity - YTD	15.62%
Annual Interest Income	$13.5MM

Assets and Liabilities
Assets	Q2 2025vs Q2 2024	$546.5MM$517.3MM
Loans	Q2 2025vs Q2 2024	$357MM$321.1MM
Deposits	Q2 2025vs Q2 2024	$447.6MM$412.7MM
Equity Capital	Q2 2025vs Q2 2024	$44.1MM$39.9MM
Loan Loss Allowance	Q2 2025vs Q2 2024	$4.7MM$4.1MM
Unbacked Noncurrent Loans	Q2 2025vs Q2 2024	$881K$2.8MM
Real Estate Owned	Q2 2025vs Q2 2024	$0$33K

TODAY'S FEATURED RATES

Member FDIC

3.85%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Limited time offer: Earn up to $300 cash bonus. Terms apply.

Member FDIC

4.05%

Our Rating

3.8 / 5

Jenius Bank

Jenius Savings Account

See Offer

Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

Member NCUA

5.00%

Our Rating

4.2 / 5

Langley Federal Credit Union

High-Yield Savings

See Offer

Sponsored Note: + 1.20% Boost on High Yield Savings APY, for up to 5.00% APY for 3 months on new accounts. Terms apply. See website for details.

Member FDIC

3.40%

Our Rating

4.6 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: Watch your money grow with no monthly fees or minimums.

Member FDIC

3.50%

Our Rating

4.3 / 5

American Express National Bank, Member FDIC

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Rates

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First Independent Bank (MN) CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.91%	$2.5k	-	13 Month CD Special - New Money
3.91%	$25k	-	24 Month Variable CD Special
3.91%	$2.5k	-	Business 13 Month CD Special - New Money
3.91%	$25k	-	Business 24 Month Variable CD Special
3.70%	$2.5k	-	7 Month CD Special
3.70%	$2.5k	-	Business 7 Month CD Special
3.58%	$1k	-	17 Month CD Special
3.58%	$1k	-	15 Month CD Special
3.58%	$1k	-	Business 15 Month CD Special
3.58%	$1k	-	Business 17 Month CD Special
1.42%	$1k	-	48 Month CD
1.42%	$1k	-	Business 48 Month CD
1.21%	$2.5k	-	3 Month CD
1.21%	$2.5k	-	6 Month CD
1.21%	$1k	-	12 Month CD
1.21%	$1k	-	18 Month CD
1.21%	$1k	-	30 Month CD
1.21%	$2.5k	-	Business 3 Month CD
1.21%	$2.5k	-	Business 6 Month CD
1.21%	$1k	-	Business 12 Month CD
1.21%	$1k	-	Business 18 Month CD
1.21%	$1k	-	Business 30 Month CD

First Independent Bank (MN) IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.37%	$1k	-	48 Month IRA Special

Locations

Availability

Minneapolis Area

Minneapolis Area bank & credit union details

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