Luminate Bank

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.50%

Our Rating

3.5 / 5

Jenius Bank

Jenius Savings Account

See Offer

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

Member FDIC

4.46%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.55%

Our Rating

4.2 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Overview / Commentary

www.luminate.bank

952-939-7200

5900 Green Oak Drive
Minnetonka, MN 55343

Luminate Bank is headquartered in MINNEAPOLIS and is the 87^th largest bank in the state of Minnesota. It is also the 2,610^th largest bank in the nation. It was established in 1937 and as of September of 2024, it had grown to 604 employees at 2 locations. Luminate Bank's savings rates are 8X the national average, and it has an A health rating.

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Health

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	16635
Year Established	1937
Employees	604
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	4.42%
Return on Equity - YTD	33.24%
Annual Interest Income	$12.2MM

Assets and Liabilities
Assets	Q3 2024vs Q3 2023	$275.8MM$223.7MM
Loans	Q3 2024vs Q3 2023	$219.5MM$175.9MM
Deposits	Q3 2024vs Q3 2023	$185.6MM$156.1MM
Equity Capital	Q3 2024vs Q3 2023	$39.2MM$30.7MM
Loan Loss Allowance	Q3 2024vs Q3 2023	$3.1MM$3MM
Unbacked Noncurrent Loans	Q3 2024vs Q3 2023	$2.5MM$1.1MM
Real Estate Owned	Q3 2024vs Q3 2023	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.50%

Our Rating

3.5 / 5

Jenius Bank

Jenius Savings Account

See Offer

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

Member FDIC

4.46%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.55%

Our Rating

4.2 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Rates

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Savings
Money Market
Checking
CD

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Always verify rates and promotions with the bank or credit union. We are not Luminate Bank; 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.

Luminate Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
4.07%	$0	-	Luminate Radiant Savings - New Money
3.04%	$0	-	Luminate Brighter Savings
3.04%	$0	-	Luminate Business Brighter Savings
0.50%	$0	-	Youth Savings

Luminate Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.78%^*	$1m^*	-	Premier Money Market Savings - New Money
OTHER TIERS: 1.76% → $0 - $10k \| 2.02% → $10k - $250k \| 2.53% → $250k - $1m

Luminate Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.02%	$0	-	Luminate Brighter Checking
2.02%	$0	-	Luminate Business Brighter Checking

Luminate Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.10%	$500	-	12 Month Certificate
3.75%	$500	-	18 Month Certificate
3.30%	$10k	-	25 Month Certificate
2.52%	$500	-	6 Month Certificate

Locations

Luminate Bank Locations
Claremont Branch	208 Front Street	Claremont, MN 55924
Equity Bank	5900 Green Oak Dr	Minnetonka, MN 55343

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