Banking Rates & News

Duluth Metro Area

Including Duluth, Superior, Grand Rapids, Cloquet, Virginia, Hibbing, Hayward, Ashland, International Falls, Ely, and 62 other towns.

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Banking in the Duluth Area

Duluth, Minnesota, is the largest city in northern Minnesota and is located on the banks of Lake Superior. Right across the lake is Superior, Wisconsin, which, along with Duluth and several other cities, makes up a metropolitan area of almost 300,000 people. Although it has been and remains a major Great Lakes port city, Duluth's main claim to fame is the tremendous amount of iron ore and other minerals in the area, which drove the city's growth in the 19th and 20th centuries.

Though Duluth is not as large or as economically important as it once was, it still has a strong banking industry. There are more than 30 banks and 40 credit unions with headquarters in the Duluth area. Among the more notable are Members Cooperative Credit Union, American Bank of the North, National Bank of Commerce, and Republic Bank Inc. The oldest bank still operating is The Lake Bank, which was established in 1889. More than two dozen other banks, including Wells Fargo, also operate in the Duluth area, giving it approximately 60 banks and 45 credit unions with about 270 total branches.

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Local Deals & News

Platinum Savings/Fixed Cds. Not Bad For A B&M National Bank
Wells Fargo enters the rate race (sorta). In todays Sun Sentinel, Wells Fargo is now offering their Platinum Savings account, minimum new money deposit of $25,000, with a minimum average
Wells Fargo 2-Yr. Brokered CD: 3.00%
new issue maturing Oct. 26, 2020, available at Vanguard
2.75% 2 Year CD
Just took down a 2 year 2.75% CD. Pretty good rate for now.
3% 5 Year CD As Of March 25
You can see this deal on the bank page in DepositAccounts https://www.depositaccounts.com/banks/bmo-harris-bank.html#newPromo
BMO Harris Bank Has A Special Rate 60-Month CD
Deal Summary: 60-month Special Rate CD, 3.00% APY, $5k minimum deposit. Availability: Arizona, Florida, Illinois, Indiana, Kansas, Minnesota, Missouri, and Wisconsin. BMO Harris Bank has joined the 3 for 5
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