Reliance Bank (MN)


Overview / Commentary
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 2,581st largest bank in the nation. It was established in 2007 and as of September of 2024, it had grown to 39 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+

Health Grade Components

Overall
FDIC Certificate #58602
Year Established2007
Employees39
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD4.12%
Annual Interest Income$12.4MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$284MM$253MM
LoansQ3 2024vs Q3 2023$222.5MM$218.4MM
DepositsQ3 2024vs Q3 2023$236.6MM$221.8MM
Equity CapitalQ3 2024vs Q3 2023$24MM$20.3MM
Loan Loss AllowanceQ3 2024vs Q3 2023$3.7MM$3.6MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$2.3MM$3.2MM
Real Estate OwnedQ3 2024vs Q3 2023$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
0.25%*$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+ | 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
3.60%$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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