CDs & High-Yield Savings

Safe. Secure. Smart. Earn more on what you save.

Looking for the best way to grow your savings with confidence?

When it comes to protecting your money and watching it grow, Luminate Bank offers two smart options: Certificates of Deposit (CDs) and our High-Yield Savings account. Both give you competitive rates, security, and the peace of mind that comes from banking with a trusted local team.


Whether you’re interested in locking in a fixed rate on an 18 month CD or looking for flexibility with the best high yield savings account Minnesota has to offer, we’re here to help you reach your financial goals. All of our deposit accounts are FDIC insured up to the legal limit, so you can save knowing your money is protected.

Why choose Luminate Bank for your savings?

Features You’ll Appreciate

  • Competitive rates designed to help your savings grow faster
  • Flexible terms and account options
  • FDIC insured for your peace of mind
  • Low minimum to open on most accounts
  • No annual fees on IRA CDs
  • Access your funds anytime with online and mobile banking

6 Month CD**

This account allows for higher balances.

  • Interest bearing at 3.60% APY*
  • No minimum balance fees

12 Month CD**

This account allows for higher balances.

  • Interest bearing up to 3.60% APY*
  • No minimum balance fees

18 Month CD**

This account allows for higher balances.

  • Interest bearing up to 3.60% APY*
  • No minimum balance fees
  • A smart choice for steady growth and security

24 Month CD**

This account allows for higher balances.

  • Interest bearing up to 3.65% APY*
  • $10,000 minimum to open
  • Available for new money only

*APY = Annual Percentage Yield, Rates effective as of 1/8/2026.

**A penalty may be imposed for early withdrawal.

Interest on certificates with terms of 12 months or less will not be compounded and paid at maturity.

Interest on certificates with terms greater than 12 months will be compounded and credited/paid quarterly.

Features designed to help your savings shine.

Whether you choose a fixed-term CD or a flexible high-yield savings account, you’ll enjoy features that make it easy to grow and manage your money.

A black heart icon on a white background.

Competitive Rates

Our CDs and High-Yield Savings offer some of the most competitive rates around so your money works harder for you.

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Low Minimums

Get started with a low opening deposit, making it easy to begin saving at any stage.

Hand holding a phone capturing a check.

Flexible Terms

Choose the CD term or savings option that matches your goals and timeline.

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FDIC Insured

Your funds are protected up to the legal limit, giving you peace of mind while you save.

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Easy Online Access

Check balances, transfer funds, and view earnings anytime with online and mobile banking.

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IRA Options

We also offer IRA CDs with no annual fees, perfect for retirement planning.

Ready to start saving smarter?

It’s easy to open your 18 month CD or set up the best high yield savings account Minnesota customers can count on. Choose the savings option that fits your goals and take the next step toward a brighter financial future today.

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