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 113th largest bank in the state of Minnesota. It is also the 3,338th largest bank in the nation. It was established in 2007 and as of June of 2019, it had grown to 24 employees at 1 location. Reliance Bank (MN)'s money market rates are 36% higher than the national average, and it has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #58602
Year Established2007
Employees24
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.79%
Return on Equity - YTD7.88%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$151.9MM$142.6MM
LoansQ2 2019vs Q2 2018$120.2MM$113.9MM
DepositsQ2 2019vs Q2 2018$128.1MM$116.2MM
Equity CapitalQ2 2019vs Q2 2018$15.2MM$13.4MM
Loan Loss AllowanceQ2 2019vs Q2 2018$2.1MM$1.6MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$2.6MM$385.00K
Real Estate OwnedQ2 2019vs Q2 2018$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
0.50%*-$25kReliance Really Green Savings
OTHER TIERS: 0.20% $25k+
0.20%$100-Reliance Savings
0.20%--Reliance Youth Savings

Reliance Bank (MN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$30k*-Reliance Money Market
OTHER TIERS: 0.25% $5k - $15k | 0.35% $15k - $30k
0.30%*$30k*-Reliance Money Management
OTHER TIERS: 0.10% $5k - $15k | 0.20% $15k - $30k

Reliance Bank (MN) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%*-$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
2.10%$1k-42 Month CD
2.00%$1k-27 Month CD
1.90%$1k-15 Month CD
1.55%$1k-3 Year CD
1.30%$1k-2 Year CD
1.15%$1k-18 Month CD
1.05%$1k-1 Year CD
0.50%$1k-180 Day CD

Reliance Bank (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%$1k-42 Month IRA
2.00%$1k-27 Month IRA
1.90%$1k-15 Month IRA
1.55%$1k-3 Year IRA
1.30%$1k-2 Year IRA
1.15%$1k-18 Month IRA
1.05%$1k-1 Year IRA
0.50%$1k-180 Day IRA
Locations


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

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