Minnesota First

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
3.00%	5-year CD	3.10% - Goldman Sachs Bank USA High-yield 5 Year CD
1.75%	1-year CD	2.65% - Barclays 12 Month Online CD
0.50%	Savings	2.00% - Ally Bank Online Savings Account

View all Minnesota First rates »

Overview / Commentary

www.minnesota-first.com

507-289-0411

1932 Viking Drive Northwest
Rochester, MN 55901

Minnesota First is headquartered in Rochester and is the 279^th largest bank in the state of Minnesota. It is also the 5,342^nd largest bank in the nation. It was established in 1956 and as of September of 2018, it had grown to 12 employees at 4 locations. Minnesota First's CD rates are 94% higher than the national average, and it has a B health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

B

Data as of Q3 2018

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Minnesota First has a low asset base.

Health Grade Components

Overall
FDIC Certificate #	26755
Year Established	1956
Employees	12
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.53%
Return on Equity - YTD	3.52%
Annual Interest Income	$1.4MM

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$26.5MM$28.2MM
Loans	Q3 2018vs Q3 2017	$23.4MM$25.0MM
Deposits	Q3 2018vs Q3 2017	$21.5MM$23.1MM
Equity Capital	Q3 2018vs Q3 2017	$4.1MM$4.0MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$419.00K$444.00K
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$49.00K$174.00K
Real Estate Owned	Q3 2018vs Q3 2017	$201.00K$85.00K

Rates

Skip to rates for:

Savings
CD

Report an Issue

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

Minnesota First Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%^*^†	$25k^*	-	Little Savers
OTHER TIERS: 0.40% → $20 - $1k \| 0.55% → $1k - $2.5k \| 0.65% → $2.5k - $25k
0.50%^*^†	$25k^*	-	Regular Savings
OTHER TIERS: 0.15% → $200 - $1k \| 0.20% → $1k - $2.5k \| 0.35% → $2.5k - $25k

Minnesota First CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.00%^†	$500	-	60 Month CD
2.85%^†	$5k	-	23 Month CD Special
2.70%^†	$500	-	48 Month CD
2.65%^†	$500	-	36 Month CD
2.60%^†	$5k	-	16 Month CD Special
2.45%^†	$5k	-	13 Month CD Special
2.35%^†	$500	-	24 Month CD
1.90%^†	$500	-	18 Month CD
1.75%^†	$500	-	12 Month CD
1.35%^†	$500	-	6 Month CD
1.25%^†	$500	-	3 Month CD

Locations

Minnesota First Locations
Owatonna Branch	111 North Cedar	Owatonna, MN 55060
Red Wing	144 Tyler Road North	Red Wing, MN 55066
Winona Branch	1858 North Service Drive	Winona, MN 55987
Minnesota First Credit and Savings, Incorporated	1932 Viking Drive Northwest	Rochester, MN 55901

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.