Choosing the right bank in Minnesota can make a big difference—whether you’re managing personal finances, growing a small business, or just looking for better savings options. With so many local credit unions, regional banks, and digital-first options, narrowing down your choices can be overwhelming. That’s why I put together this list of the 10 best banks in Minnesota for 2025—based on customer satisfaction, accessibility, interest rates, technology, and community impact. Here’s a look at the top-rated options, including both local institutions with deep Minnesota roots and online banks offering strong features for modern banking.
1. Affinity Plus Federal Credit Union – Best for Community-Focused Banking
Headquarters: St. Paul, MN
Branches: 30+ across Minnesota
Website: Affinity Plus Federal Credit Union
If you want to bank somewhere that truly puts people over profits, Affinity Plus is worth your attention. As a not-for-profit credit union, it’s focused on serving Minnesotans—not shareholders. They consistently earn high marks for customer service and transparency.
Why it stands out:
No monthly fees on most checking accounts
Above-average interest rates on savings
Loan and credit card rates are lower than most traditional banks
Strong mobile app and online tools
2. Wings Financial Credit Union – Best for High-Yield Checking & Savings
Headquarters: Apple Valley, MN
Branches: 30+ locations (including Minneapolis, Duluth, and Rochester)
Website: Wings Financial Credit Union
Originally created for airline employees, Wings Financial has grown into one of the largest credit unions in the state—and for good reason. Their Earn More Checking and high-yield savings accounts offer some of the best APYs you’ll find locally.
Top features:
Earn up to 4.00% APY on checking (with qualifying activities)
Nationwide ATM access with over 80,000 surcharge-free ATMs
Excellent mobile app with mobile check deposit, bill pay, and budgeting tools
Low-interest auto loans and mortgage options
3. TCF Bank (Now Huntington Bank) – Best for Traditional Banking + Regional Strength
Headquarters: Minneapolis, MN (acquired by Huntington Bank)
Branches: 40+ across Minnesota under Huntington name
Website: Huntington Bank
In 2021, TCF Bank merged with Huntington, bringing together two regional powerhouses. Today, Minnesota residents get the benefit of TCF’s local presence along with Huntington’s broader resources.
Why it’s a solid pick in 2025:
Comprehensive offerings: checking, savings, home equity, business banking
“Asterisk-Free Checking” with no monthly maintenance fee
24-Hour Grace® feature to avoid overdraft fees
Financial tools like The Hub and Spend Analysis inside the app
4. U.S. Bank – Best for Nationwide Access with Local Minnesota Roots
Headquarters: Minneapolis, MN
Branches: 100+ across Minnesota
Website: U.S. Bank
Despite being one of the largest banks in the country, U.S. Bank is deeply rooted in Minnesota and still treats its home state like a priority. In 2025, they continue to shine with their hybrid approach—powerful in-person services combined with one of the best mobile banking platforms out there.
What makes it stand out:
Over 4,000 ATMs and 2,000 branches nationwide
Specialized accounts for students, seniors, and families
Excellent investment and wealth management options
Strong small business banking services
5. SoFi – Best Online-Only Bank for Tech-Savvy Minnesotans
Headquarters: San Francisco, CA (Online only – available in Minnesota)
For those ready to go fully digital, SoFi is one of the top online banks available to Minnesotans in 2025. With no branches to maintain, SoFi passes the savings on to you with industry-leading APYs and no fees.
Best features:
Earn up to 4.60% APY on savings with direct deposit
Zero account fees (no overdrafts, no minimum balance, no monthly fees)
Get paid up to 2 days early
Includes budgeting tools, investment options, and even crypto
6. Bremer Bank – Best for Small Business Owners and Farmers
Headquarters: St. Paul, MN
Branches: 70+ across Minnesota, North Dakota, and Wisconsin
Website: Bremer Bank
Bremer Bank is a staple for small businesses, farmers, and nonprofits in Minnesota. As a community-first institution founded in the 1940s, Bremer is unique because it’s partially owned by a nonprofit foundation, and its profits go back into strengthening local communities.
Why it’s worth considering:
Strong support for agriculture and rural banking needs
Local business loans and commercial real estate financing
Personal accounts with competitive interest rates and minimal fees
Human-first approach to customer service
7. Hiway Credit Union – Best for Government & Military Families
Headquarters: St. Paul, MN
Branches: Primarily in the Twin Cities area
Originally founded to serve Minnesota Department of Transportation employees, Hiway Credit Union now serves all Minnesotans and especially appeals to state workers, military families, and veterans.
Top perks:
Low minimums and no monthly fees
Reward checking with cashback options
Auto, home, and student loans with competitive rates
Financial counseling and retirement planning services
8. Sunrise Banks – Best for Ethical Banking & Social Impact
Headquarters: St. Paul, MN
Branches: Mainly in the Twin Cities
Website: Sunrise Banks
If you’re someone who cares where your money goes, Sunrise Banks is the socially responsible choice. They’re a Certified B Corporation and Community Development Financial Institution (CDFI)—meaning they prioritize underserved communities and environmentally sustainable practices.
What sets them apart:
“Do Good” Checking & Savings accounts
Green loans and sustainable home financing
Inclusive banking programs for immigrants and refugees
Powerful digital banking tools and remote account opening
9. Ally Bank – Best National Online Bank Accessible in Minnesota
Headquarters: Online-only (FDIC-insured via Ally Financial)
Website: Ally Bank
If you want high-interest savings without the hassle of branch visits, Ally Bank remains one of the most trusted online banks in 2025. While it’s not Minnesota-based, it’s fully accessible to residents and offers one of the cleanest, easiest-to-use banking platforms in the country.
Why people love Ally:
4.25%+ APY on savings
No overdraft fees, monthly fees, or minimum balances
24/7 human customer service
Great for CDs and auto financing
10. TruStone Financial Credit Union – Best for Everyday Banking with Local Support
Headquarters: Plymouth, MN
Branches: 20+ in Minnesota and Wisconsin
Website: TruStone Financial
TruStone Financial has been steadily growing as a trusted name in Minnesota for day-to-day personal banking. It’s community-owned and member-focused, and their customer service frequently outshines national banks.
Key highlights:
Free checking with debit card rewards
Student checking options
Home loans with personalized support
ATM fee reimbursements
Final Thoughts: There’s No One-Size-Fits-All Bank in Minnesota
The good news is Minnesota offers a diverse mix of banks and credit unions—from tech-forward digital banks to purpose-driven community institutions. The right bank for you depends on your priorities: Do you want better rates? Personalized service? Ethical investing?
FAQs – Best Banks in Minnesota 2025
1. What is the best bank in Minnesota for personal checking?
Wings Financial Credit Union and TruStone Financial offer excellent free checking accounts with rewards and no monthly fees.
2. Which Minnesota bank has the best savings interest rates?
Affinity Plus FCU and online banks like SoFi and Ally Bank offer high-yield savings accounts with competitive APYs over 4%.
3. Are credit unions better than traditional banks in Minnesota?
Credit unions often provide lower fees, better customer service, and more favorable loan terms than big banks.
4. What is the safest bank in Minnesota?
Banks like U.S. Bank and Bremer Bank are highly stable, FDIC-insured, and have strong regional reputations.
5. Can I open a Minnesota bank account online?
Yes. Many institutions like Affinity Plus, Sunrise Banks, and SoFi allow you to open accounts fully online in minutes.
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I am Sabiq Rasel is an Entrepreneur and broadcaster. I believe that every sip of coffee holds the potential for a moment of inspiration, creativity, and every cup tells a story.
