Security Bank Minnesota


Overview / Commentary
507-373-1481
437 Bridge Avenue
Albert Lea, MN 56007

Security Bank Minnesota is headquartered in ALBERT LEA and is the 140th largest bank in the state of Minnesota. It is also the 3,464th largest bank in the nation. It was established in 1906 and as of September of 2023, it had grown to 25 employees at 3 locations. Security Bank Minnesota's money market rates are 5X the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #10984
Year Established1906
Employees25
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.96%
Return on Equity - YTD18.87%
Annual Interest Income$5.8MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$143.2MM$149.7MM
LoansQ3 2023vs Q3 2022$122.1MM$122MM
DepositsQ3 2023vs Q3 2022$118.3MM$129.2MM
Equity CapitalQ3 2023vs Q3 2022$15.9MM$15.3MM
Loan Loss AllowanceQ3 2023vs Q3 2022$1.9MM$2.1MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$0$16K
Real Estate OwnedQ3 2023vs Q3 2022$0$246K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Security Bank Minnesota; 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.

Security Bank Minnesota Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%$100-Variable IRA Savings
0.25%*$5k*-Variable HSA
OTHER TIERS: 0.15% $100 - $5k
0.25%$25-Economy Savings
0.25%$100-Regular Savings

Security Bank Minnesota Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%*$250k*-Platinum Money Market Savings
OTHER TIERS: 0.75% Up to $20k | 1.00% $20k - $50k | 1.26% $50k - $150k | 1.76% $150k - $250k
1.26%*$50k*-Money Market Accounts
OTHER TIERS: 0.65% Up to $20k | 0.95% $20k - $50k

Security Bank Minnesota Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%$10k-Security Gold Checking
0.40%*$2.5k*-Interest Checking
OTHER TIERS: 0.20% $500 - $2.5k

Security Bank Minnesota CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.91%$1k-10 Month CD Special
4.41%$1k-19 Month CD Special
3.90%$1k-29 Month CD Special
2.15%*$25k*-60 Month CD
OTHER TIERS: 2.05% $1k - $10k | 2.10% $10k - $25k
2.05%*$25k*-48 Month CD
OTHER TIERS: 1.95% $1k - $10k | 2.00% $10k - $25k
1.90%*$25k*-36 Month CD
OTHER TIERS: 1.80% $1k - $10k | 1.85% $10k - $25k
1.85%*$25k*-24 Month CD
OTHER TIERS: 1.75% $1k - $10k | 1.80% $10k - $25k
1.80%*$25k*-18 Month CD
OTHER TIERS: 1.70% $1k - $10k | 1.75% $10k - $25k
1.65%*$25k*-12 Month CD
OTHER TIERS: 1.55% $1k - $10k | 1.60% $10k - $25k
1.56%*$25k*-6 Month CD
OTHER TIERS: 1.46% $1k - $10k | 1.51% $10k - $25k
1.41%*$25k*-3 Month CD
OTHER TIERS: 1.31% $1k - $10k | 1.36% $10k - $25k

Security Bank Minnesota IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.05%$1k-60 Month IRA CD
1.95%$1k-48 Month IRA CD
1.80%$1k-36 Month IRA CD
1.75%$1k-24 Month IRA CD
1.55%$1k-12 Month IRA CD
Locations


Security Bank Minnesota Locations
Security Bank Minnesota - Emmons201 Main StreetEmmons, MN 56029
Security Bank Minnesota437 Bridge AveAlbert Lea, MN 56007
Alden Branch195 North BroadwayAlden, MN 56009

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