Reliance Bank (MN)

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 109^th largest bank in the state of Minnesota. It is also the 3,151^st largest bank in the nation. It was established in 2007 and as of June of 2020, it had grown to 27 employees at 1 location. Reliance Bank (MN) has a B+ health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

B+

Data as of Q2 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	58602
Year Established	2007
Employees	27
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.11%
Return on Equity - YTD	11.28%
Annual Interest Income	$3.7MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$182.0MM$151.9MM
Loans	Q2 2020vs Q2 2019	$145.9MM$120.2MM
Deposits	Q2 2020vs Q2 2019	$152.1MM$128.1MM
Equity Capital	Q2 2020vs Q2 2019	$17.0MM$15.2MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$1.8MM$2.1MM
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$2.3MM$2.6MM
Real Estate Owned	Q2 2020vs Q2 2019	$56.00K$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	-	$25k	Reliance Really Green Savings
OTHER TIERS: 0.10% → $25k+
0.10%	$100	-	Reliance Savings
0.10%	-	-	Reliance Youth Savings

Reliance Bank (MN) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%^*	$30k^*	-	Reliance Money Management
OTHER TIERS: 0.10% → $5k - $15k \| 0.20% → $15k - $30k
0.20%^*	$30k^*	-	Reliance Money Market
OTHER TIERS: 0.05% → $5k - $15k \| 0.10% → $15k - $30k

Reliance Bank (MN) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.76%^*	-	$25k	Reliance Really Green Checking - Qualifying
OTHER TIERS: 0.05% → $25k+
0.05%	$1k	-	Reliance Checking
0.05%	$1k	-	Reliance Community Service Checking

Reliance Bank (MN) CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	$1k	-	42 Month CD
0.90%	$1k	-	27 Month CD
0.85%	$1k	-	15 Month CD
0.70%	$1k	-	3 Year CD
0.60%	$1k	-	2 Year CD
0.55%	$1k	-	18 Month CD
0.50%	$1k	-	1 Year CD
0.25%	$1k	-	180 Day CD

Reliance Bank (MN) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	$1k	-	42 Month IRA
0.90%	$1k	-	27 Month IRA
0.85%	$1k	-	15 Month IRA
0.70%	$1k	-	3 Year IRA
0.60%	$1k	-	2 Year IRA
0.55%	$1k	-	18 Month IRA
0.50%	$1k	-	1 Year IRA
0.25%	$1k	-	180 Day IRA

Locations

Reliance Bank (MN) Locations
Reliance Bank	2300 30th Street Northwest	Faribault, MN 55021

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.