Overview / Commentary
507-331-2493
2300 30th Street Northwest
Faribault, MN 55021

Reliance Bank (MN) is headquartered in Faribault and is the 121st largest bank in the state of Minnesota. It is also the 3,503rd largest bank in the nation. It was established in 2007 and as of September of 2018, it had grown to 23 employees at 1 location. Reliance Bank (MN)'s savings rates are 73% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #58602
Year Established2007
Employees23
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.56%
Return on Equity - YTD16.6%
Annual Interest Income$4.8MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$143.0MM$133.5MM
LoansQ3 2018vs Q3 2017$112.8MM$106.3MM
DepositsQ3 2018vs Q3 2017$119.5MM$111.8MM
Equity CapitalQ3 2018vs Q3 2017$13.9MM$12.9MM
Loan Loss AllowanceQ3 2018vs Q3 2017$1.4MM$1.3MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$202.00K$633.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations


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

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