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Reliance Bank (MN)

Overview / Commentary
2300 30th Street Northwest
Faribault, MN 55021

Reliance Bank (MN) is headquartered in Faribault and is the 114th largest bank in the state of Minnesota. It is also the 3,450th largest bank in the nation. It was established in 2007 and as of March of 2019, it had grown to 22 employees at 1 location. Reliance Bank (MN)'s savings rates are 73% higher than the national average, and it has a B health rating.


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Health Grade Components

FDIC Certificate #58602
Year Established2007
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.37%
Return on Equity - YTD3.66%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$145.6MM$137.6MM
LoansQ1 2019vs Q1 2018$116.8MM$111.4MM
DepositsQ1 2019vs Q1 2018$121.4MM$115.9MM
Equity CapitalQ1 2019vs Q1 2018$14.5MM$12.8MM
Loan Loss AllowanceQ1 2019vs Q1 2018$2.1MM$1.6MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$3.0MM$384.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
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Always verify rates and promotions with the bank or credit union. We are not Reliance Bank (MN); 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.

Reliance Bank (MN) Savings Account Rates

0.90%*-$25kReliance Really Green Savings
OTHER TIERS: 0.25% $25k+
0.25%$100-Reliance Savings
0.25%--Reliance Youth Savings

Reliance Bank (MN) Money Market Rates

0.75%*$30k*-Reliance Money Market
OTHER TIERS: 0.25% $5k - $15k | 0.35% $15k - $30k
0.40%*$30k*-Reliance Money Management
OTHER TIERS: 0.15% $5k - $15k | 0.25% $15k - $30k

Reliance Bank (MN) Checking Account Rates

1.51%*-$25kReliance Really Green Checking - Qualifying
OTHER TIERS: 0.10% $25k+
0.10%$1k-Reliance Checking
0.10%$1k-Reliance Community Service Checking

Reliance Bank (MN) CD Rates

2.80%$1k-42 Month CD
2.50%$1k-27 Month CD
2.00%$1k-15 Month CD
1.90%$1k-3 Year CD
1.60%$1k-2 Year CD
1.45%$1k-18 Month CD
1.30%$1k-1 Year CD
0.75%$1k-180 Day CD

Reliance Bank (MN) IRA Rates

2.80%$1k-42 Month IRA
2.50%$1k-27 Month IRA
2.00%$1k-15 Month IRA
1.90%$1k-3 Year IRA
1.60%$1k-2 Year IRA
1.45%$1k-18 Month IRA
1.30%$1k-1 Year IRA
0.75%$1k-180 Day IRA

Reliance Bank (MN) Locations
Reliance Bank2300 30th Street NorthwestFaribault, MN 55021

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