Banking Rates & News

Duluth Metro Area

Including Duluth, Superior, Grand Rapids, Cloquet, Virginia, Hibbing, Ashland, Hayward, International Falls, Ely, and 63 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

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
Huntington Bank Boosts 19-Month Promo CD
Deal Summary: 19-month Promo CD, 2.20% APY, $1k min/$100k max, new money, in-branch only. Availability: Residents of Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia. DA readers are familiar with
2- And 3-Year Brokered Cds
For those interested in possibly taking the plunge into brokered CDs, Wells Fargo has been offering some pretty good non-callable, new issue deals with 2- and 3-year maturities. Today on
2% 18 Month CD At BMO Harris Bank
Saw this at my Chicago branch, 18 months, 2.00% APY, $5,000 minimum
BMO Harris Bank Offers Long-Term "Step Rate" CDs
Deal Summary: Step Rate CDs – 3-year (2.25% APY, blended) and 5-year (2.74% APY, blended), $5k minimum deposit. Availability: Arizona, Florida, Illinois, Indiana, Kansas, Minnesota, Missouri and Wisconsin. BMO Harris
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