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Luminate Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
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 6/30/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
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.luminate.bank
952-939-7200
5900 Green Oak Drive
Minnetonka, MN 55343

Luminate Bank is headquartered in MINNEAPOLIS and is the 72nd largest bank in the state of Minnesota. It is also the 2,304th largest bank in the nation. It was established in 1937 and as of March of 2025, it had grown to 463 employees at 2 locations. Luminate Bank has an A health rating.

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Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #16635
Year Established1937
Employees463
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD5.45%
Annual Interest Income$5.1MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$341.3MM$225.3MM
LoansQ1 2025vs Q1 2024$289.1MM$174.5MM
DepositsQ1 2025vs Q1 2024$251.4MM$167.6MM
Equity CapitalQ1 2025vs Q1 2024$38.7MM$33.4MM
Loan Loss AllowanceQ1 2025vs Q1 2024$3.1MM$3.2MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$3.2MM$2.2MM
Real Estate OwnedQ1 2025vs Q1 2024$280K$408K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
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 6/30/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
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

Sorry, we do not have rate data for Luminate Bank.

Locations


Luminate Bank Locations
Claremont Branch208 Front StreetClaremont, MN 55924
Equity Bank5900 Green Oak DrMinnetonka, MN 55343

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