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State Bank of Faribault


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.54%
Our Rating
4.2  / 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
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.45%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.36%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
3.70%
Our Rating
4.3  / 5
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 4/27/2025
3.80%
Our Rating
4.3  / 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
Bonus Amount
up to $300
Our Rating
4.3  / 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.tsbf.com
507-332-7401
428 Central Avenue
Faribault, MN 55021

State Bank of Faribault is headquartered in FARIBAULT and is the 78th largest bank in the state of Minnesota. It is also the 2,459th largest bank in the nation. It was established in 1919 and as of December of 2024, it had grown to 44 employees at 3 locations. State Bank of Faribault's savings rates are 44% higher than the national average, and it has an A health rating.

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Health
A

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #1610
Year Established1919
Employees44
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD12.95%
Annual Interest Income$14.4MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$308.1MM$295.7MM
LoansQ4 2024vs Q4 2023$166.7MM$153.2MM
DepositsQ4 2024vs Q4 2023$287.9MM$278.4MM
Equity CapitalQ4 2024vs Q4 2023$16.3MM$14MM
Loan Loss AllowanceQ4 2024vs Q4 2023$3.4MM$2.9MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$84K$62K
Real Estate OwnedQ4 2024vs Q4 2023$0$289K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.54%
Our Rating
4.2  / 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
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.45%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.36%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
3.70%
Our Rating
4.3  / 5
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 4/27/2025
3.80%
Our Rating
4.3  / 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
Bonus Amount
up to $300
Our Rating
4.3  / 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.

State Bank of Faribault Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$100k*-Select Savings
OTHER TIERS: 0.05% → $0 - $2.5k | 0.15% → $2.5k - $25k | 0.20% → $25k - $50k | 0.30% → $50k - $100k
0.30%$0-eSavings
0.05%$100-Health Savings Account

State Bank of Faribault Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.30%$0$25keChecking
0.40%*$100k*-Rewards Checking Plus
OTHER TIERS: 0.05% → $0 - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.30% → $50k - $100k
0.10%$750-Select Checking

State Bank of Faribault CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$1k-72 Month CD
2.00%$1k-60 Month CD
2.00%$2.5k-39 Month Change a Rate CD
1.75%$1k-48 Month CD
1.15%$1k-36 Month CD
1.00%$1k-24 Month CD
0.65%$1k-12 Month CD

State Bank of Faribault IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$1k-72 Month IRA
2.00%$2.5k-39 Month Change a Rate IRA
2.00%$1k-60 Month IRA
1.75%$1k-48 Month IRA
1.15%$1k-36 Month IRA
1.00%$1k-24 Month IRA
0.65%$1k-12 Month IRA
0.35%$50-3 Month IRA Variable
Locations


State Bank of Faribault Locations
Faribault Branch202 Western AvenueFaribault, MN 55021
The State Bank Of Faribault428 Central Ave NFaribault, MN 55021
Prior Lake Branch6867 Boudin Street NePrior Lake, MN 55372

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