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Reliance Bank (MN)


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.reliancebankmn.com
507-331-2493
2300 30th Street Northwest
Faribault, MN 55021

Reliance Bank (MN) is headquartered in FARIBAULT and is the 85th largest bank in the state of Minnesota. It is also the 2,494th largest bank in the nation. It was established in 2007 and as of March of 2025, it had grown to 40 employees at 1 location. Reliance Bank (MN)'s CD rates are 4X 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 #58602
Year Established2007
Employees40
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD9.17%
Annual Interest Income$4.5MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$300.1MM$270.3MM
LoansQ1 2025vs Q1 2024$232.9MM$231MM
DepositsQ1 2025vs Q1 2024$252.8MM$231.4MM
Equity CapitalQ1 2025vs Q1 2024$24.7MM$22.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$3.8MM$3.9MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$2.9MM$451K
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.

Reliance Bank (MN) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$0$25kReliance Really Green Savings
OTHER TIERS: 0.10% → $25k+
0.20%*$5k*-Reliance Savings
OTHER TIERS: 0.10% → $100 - $5k
0.15%$0-Reliance Youth Savings

Reliance Bank (MN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$250k*-Reliance Money Market
OTHER TIERS: 0.10% → $5k - $15k | 0.20% → $15k - $30k | 0.35% → $30k - $75k | 0.45% → $75k - $150k | 0.50% → $150k - $250k

Reliance Bank (MN) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.01%*$0$100kReliance Really Green Checking - Qualifying
OTHER TIERS: 0.05% → $100k+
0.40%*$250k*-Money Management
OTHER TIERS: 0.10% → $5k - $30k | 0.20% → $30k - $75k | 0.30% → $75k - $150k | 0.35% → $150k - $250k
0.15%$1k-Reliance Community Service Checking
0.10%$1k-Reliance Checking

Reliance Bank (MN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.79%$500-180 Day CD
3.72%$500-9 Month CD
3.70%$500-90 Day CD
3.60%$500-12 Month CD
3.56%$500-15 Month CD
3.46%$500-18 Month CD
3.40%$500-24 Month CD
3.35%$500-27 Month CD
3.30%$500-36 Month CD
3.00%$500-42 Month CD

Reliance Bank (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.79%$1k-180 Day IRA
3.72%$1k-9 Month IRA
3.70%$1k-90 Day IRA
3.60%$1k-12 Month IRA
3.56%$1k-15 Month IRA
3.46%$1k-18 Month IRA
3.40%$1k-24 Month IRA
3.35%$1k-27 Month IRA
3.30%$1k-36 Month IRA
3.00%$1k-42 Month IRA
Locations


Reliance Bank (MN) Locations
Reliance Bank2300 30th St NwFaribault, MN 55021

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