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ProGrowth Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
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
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
4.44%
Our Rating
4.3  / 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
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.progrowth.com
507-232-3488
703 3rd Street
Nicollet, MN 56074-077

ProGrowth Bank is headquartered in NICOLLET and is the 58th largest bank in the state of Minnesota. It is also the 2,066th largest bank in the nation. It was established in 1903 and as of March of 2025, it had grown to 32 employees at 4 locations. ProGrowth Bank's money market rates are 9X the national average, and it has a B+ health rating.

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Health
B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #8536
Year Established1903
Employees32
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD11.35%
Annual Interest Income$5MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$405.8MM$402.9MM
LoansQ1 2025vs Q1 2024$78.8MM$76MM
DepositsQ1 2025vs Q1 2024$330.9MM$344.3MM
Equity CapitalQ1 2025vs Q1 2024$18.5MM$15.5MM
Loan Loss AllowanceQ1 2025vs Q1 2024$653K$648K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$3K$12K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
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
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
4.44%
Our Rating
4.3  / 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
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
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

ProGrowth Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.66%*$250k*-Business Investor Account
OTHER TIERS: 0.04% → $0 - $2.5k | 0.13% → $2.5k - $10k | 1.76% → $10k - $50k | 2.28% → $50k - $100k | 2.89% → $100k - $250k
0.94%*$100k*-Health Savings Account
OTHER TIERS: 0.04% → $0 - $2.5k | 0.14% → $2.5k - $10k | 0.61% → $10k - $100k
0.06%$1-Panda Pals
0.06%$50-Lifeline Savings
0.06%$50-Business Statement Savings
0.04%$50-Classic Savings

ProGrowth Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.81%*$250k*-Platinum Money Market Savings Account
OTHER TIERS: 0.04% → $0 - $2.5k | 0.13% → $2.5k - $10k | 1.76% → $10k - $50k | 1.96% → $50k - $100k | 3.04% → $100k - $250k
3.56%*$250k*-Business Money Market Savings Account
OTHER TIERS: 0.04% → $0 - $2.5k | 0.10% → $2.5k - $10k | 1.66% → $10k - $50k | 2.08% → $50k - $100k | 2.79% → $100k - $250k
3.41%*$250k*-Gold Money Market Savings Account
OTHER TIERS: 0.04% → $0 - $2.5k | 0.10% → $2.5k - $10k | 1.56% → $10k - $50k | 1.76% → $50k - $100k | 2.66% → $100k - $250k

ProGrowth Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.26%*$100k*-Gold Rewards Checking
OTHER TIERS: 0.04% → $0 - $2.5k | 0.14% → $2.5k - $10k | 0.16% → $10k - $50k | 0.21% → $50k - $100k
0.26%*$100k*-Platinum Rewards Checking
OTHER TIERS: 0.04% → $0 - $2.5k | 0.14% → $2.5k - $10k | 0.16% → $10k - $50k | 0.21% → $50k - $100k
0.21%*$50k*-Silver Rewards Checking
OTHER TIERS: 0.04% → $0 - $2.5k | 0.14% → $2.5k - $10k | 0.16% → $10k - $50k
0.05%$1k-Bronze Rewards Checking
0.05%$500-Gotta Grow It Business Checking

ProGrowth Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.20%$10k-9 Month CD Special
4.20%$10k-Business 9 Month CD Special
4.05%$10k$3m16 Month CD Special
4.05%$10k$3m25 Month CD Special
4.05%$10k-37 Month CD Special
4.05%$10k$3mBusiness 16 Month CD Special
4.05%$10k$3mBusiness 25 Month CD Special
4.05%$10k-Business 37 Month CD Special
4.00%$10k$3m49 Month CD Special
4.00%$10k-61 Month CD Special
4.00%$10k$3mBusiness 49 Month CD Special
4.00%$10k-Business 61 Month CD Special

ProGrowth Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.87%*$100k*-36 Month IRA
OTHER TIERS: 1.77% → $1k - $100k
1.67%*$100k*-24 Month IRA
OTHER TIERS: 1.57% → $1k - $100k
1.16%*$100k*-12 Month IRA
OTHER TIERS: 1.10% → $1k - $100k
0.72%$100-IRA Savings
Locations


ProGrowth Bank Locations
Progrowth Bank Branch120 North Augusta Court Suite 111Mankato, MN 56001
Progrowth Bank Branch320 Main StreetGaylord, MN 55334
Progrowth Bank703 3rd StNicollet, MN 56074

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