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 109th largest bank in the state of Minnesota. It is also the 3,151st 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

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



Health
B+

Health Grade Components

Overall
FDIC Certificate #58602
Year Established2007
Employees27
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD11.28%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$182.0MM$151.9MM
LoansQ2 2020vs Q2 2019$145.9MM$120.2MM
DepositsQ2 2020vs Q2 2019$152.1MM$128.1MM
Equity CapitalQ2 2020vs Q2 2019$17.0MM$15.2MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.8MM$2.1MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$2.3MM$2.6MM
Real Estate OwnedQ2 2020vs Q2 2019$56.00K$0
Rates
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

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

Reliance Bank (MN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.76%*-$25kReliance 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$1k-42 Month CD
0.75%$1k-27 Month CD
0.70%$1k-15 Month CD
0.50%$1k-3 Year CD
0.45%$1k-2 Year CD
0.40%$1k-1 Year CD
0.40%$1k-18 Month CD
0.25%$1k-180 Day CD

Reliance Bank (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$1k-42 Month IRA
0.75%$1k-27 Month IRA
0.70%$1k-15 Month IRA
0.50%$1k-3 Year IRA
0.45%$1k-2 Year IRA
0.40%$1k-1 Year IRA
0.40%$1k-18 Month IRA
0.25%$1k-180 Day IRA
Locations


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