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Peoples State Bank (MN)


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.54%
Our Rating
4.2  / 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
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.80%
Our Rating
4.3  / 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
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.41%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.45%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 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.peoplesstatebank.com
507-534-3137
100 4th Avenue S.E.
Plainview, MN 55964

Peoples State Bank (MN) is headquartered in PLAINVIEW and is the 62nd largest bank in the state of Minnesota. It is also the 2,118th largest bank in the nation. It was established in 1925 and as of December of 2024, it had grown to 45 employees at 6 locations. Peoples State Bank (MN)'s savings rates are 8X the national average, and it has an A health rating.

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Health
A

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #1100
Year Established1925
Employees45
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD15.68%
Annual Interest Income$18.4MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$389.4MM$362.4MM
LoansQ4 2024vs Q4 2023$256.5MM$233.1MM
DepositsQ4 2024vs Q4 2023$349MM$317.6MM
Equity CapitalQ4 2024vs Q4 2023$21.2MM$20MM
Loan Loss AllowanceQ4 2024vs Q4 2023$2.8MM$2.5MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$366K$807K
Real Estate OwnedQ4 2024vs Q4 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.54%
Our Rating
4.2  / 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
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.80%
Our Rating
4.3  / 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
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.41%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.45%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 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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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Peoples State Bank (MN) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.02%*$5m*-Peoples Preferred Savings
OTHER TIERS: 0.50% → $1k - $7.5k | 0.90% → $7.5k - $50k | 1.21% → $50k - $100k | 1.75% → $100k - $200k | 2.02% → $200k - $500k | 2.79% → $500k - $1m | 3.71% → $1m - $5m
1.66%*$20k*-HSA Savings
OTHER TIERS: 1.31% → $0 - $20k
1.00%$0$25kKasasa Saver
0.65%$0$100kRegular Savings
0.65%$0$100kMinor Savings

Peoples State Bank (MN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-Money Market Checking
OTHER TIERS: 0.20% → $2.5k - $10k | 0.30% → $10k - $25k | 0.40% → $25k - $50k | 0.50% → $50k - $100k

Peoples State Bank (MN) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$0$25kKasasa Cash
0.50%*$250k*-Express Checking with Interest
OTHER TIERS: 0.15% → $1k - $7.5k | 0.25% → $7.5k - $50k | 0.35% → $50k - $100k | 0.45% → $100k - $250k

Peoples State Bank (MN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.16%*$35k*-12 Month CD
OTHER TIERS: 3.24% → $250 - $10k | 3.44% → $10k - $35k
3.55%*$35k*-24 Month CD
OTHER TIERS: 3.34% → $250 - $10k | 3.44% → $10k - $35k
3.55%*$35k*-36 Month CD
OTHER TIERS: 3.34% → $250 - $10k | 3.44% → $10k - $35k
3.24%*$35k*-60 Month CD
OTHER TIERS: 3.03% → $250 - $10k | 3.14% → $10k - $35k
3.03%*$35k*-48 Month CD
OTHER TIERS: 2.83% → $250 - $10k | 2.93% → $10k - $35k
1.51%*$35k*-6 Month CD
OTHER TIERS: 1.41% → $2.5k - $35k
1.15%$2.5k-3 Month CD
1.00%$2.5k-1 Month CD

Peoples State Bank (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.66%$0$100kIRA Savings
Locations


Peoples State Bank (MN) Locations
Peoples State Bank Of Plainview100 4th Ave SePlainview, MN 55964
Menomonie Branch1428 Broadway St NMenomonie, WI 54751
Elgin Branch155 East MainElgin, MN 55932
Boyceville Branch715 Highway 79Boyceville, WI 54725
Altura Br411 Main Street, N.W.Altura, MN 55910

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