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Root River State Bank


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.rrsbchatfield.com
507-867-4120
18 3rd Street, S. E.
Chatfield, MN 55923

Root River State Bank is headquartered in CHATFIELD and is the 188th largest bank in the state of Minnesota. It is also the 3,955th largest bank in the nation. It was established in 1856 and as of March of 2025, it had grown to 10 employees at 1 location. Root River State Bank's money market rates are 70% higher than 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
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Root River State Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #1098
Year Established1856
Employees10
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0%
Return on Equity - YTD0.08%
Annual Interest Income$715K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$82MM$84.4MM
LoansQ1 2025vs Q1 2024$30MM$30.2MM
DepositsQ1 2025vs Q1 2024$76.4MM$79.5MM
Equity CapitalQ1 2025vs Q1 2024$5.4MM$4.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$249K$249K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$0$0
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.

Root River State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$0-Holiday Savings
0.35%$0-Traditional Savings
0.35%$0-Next Generation Savings

Root River State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$50k*-Heritage Money Market Savings
OTHER TIERS: 0.35% → $0 - $2.5k | 0.45% → $2.5k - $10k | 0.55% → $10k - $25k | 0.65% → $25k - $50k

Root River State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$0-Heritage Plus Checking
0.25%*$1.5k*-Generation 55 Checking
OTHER TIERS: 0.20% → $500 - $1.5k
0.25%*$2.5k*-Heritage Business Checking
OTHER TIERS: 0.20% → $0 - $2.5k
0.20%$0-Heritage Interest Checking

Root River State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%$300-60 Month CD
2.10%$300-48 Month CD
1.85%$300-36 Month CD
1.60%$300-24 Month CD
1.60%$300-30 Month CD
1.40%$300-12 Month CD
1.40%$300-18 Month CD
1.00%$300-6 Month CD
0.90%$300-3 Month CD
Locations


Root River State Bank Locations
Root River State Bank18 3rd St SeChatfield, MN 55923

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