Minnesota Nonprofit Banking That Gives More Back

Your organization works hard to make a difference in your community. Your banking should help support that mission.

Granite for Good Checking is a Minnesota nonprofit banking account from Granite Bank that combines interest-earning checking, no monthly maintenance fee, treasury management services, and Community Contributions. Eligible nonprofits and community organizations can earn interest on qualifying balances while receiving additional contributions through participating community banking relationships.

Your Mission Matters.
Your Banking Should Reflect That.

Managing a nonprofit means making every dollar count. From supporting daily operations to planning for the future, your organization needs banking solutions that simplify financial management and make the most of its resources.

Granite for Good Checking combines interest earnings, essential treasury tools, and personalized service from a Minnesota community bank. And with our Community Contribution program, qualifying deposit balances from supporters who designate your organization can help generate additional financial support.

The Benefits of Granite for Good Checking

Interest-Earning Nonprofit Checking

Earn 1.00% Annual Percentage Yield (APY) on qualifying balances of $10,000 or more.* Your organization’s funds can earn interest while remaining accessible for everyday banking needs.

Community Contributions That Support Your Mission

Granite Bank provides an additional 0.35% annual Community Contribution rate on qualifying Granite for Good Checking balances.* This contractual payment is separate from interest and is paid to your organization through the Community Contribution program.

Together, the 1.00% APY and the 0.35% Community Contribution rate represent a 1.35% combined annual return rate on qualifying organizational checking balances, subject to terms. The combined rate is not an APY.

No Monthly Maintenance Fee

Keep more resources focused on your organization’s mission with no monthly maintenance fee for Granite for Good Checking.

Valuable Treasury Management Services

Spend less time managing transactions and more time making an impact. Available services described in the launch materials include:

Payee Positive Pay and ACH fraud protection
Remote deposit capture
ACH origination, including same-day and next-day options
Five outgoing domestic wires per month
Unlimited incoming wires
Online bill pay and business debit card
First order of checks, up to $150

Additional Savings Solutions

Granite Bank also offers a high-yield savings option that can complement Granite for Good Checking, with potential access to expanded FDIC insurance coverage through IntraFi, subject to eligibility and program terms.

Putting Community Back in Community Banking

Your supporters already believe in your mission. With Granite for Good Checking, their everyday banking can help support it, too.

Through the Community Contribution program, Granite Bank makes contractual financial contributions to eligible organizations based on qualifying banking relationships. It’s another way to connect community banking with community impact.

How Does the Granite for Good Community Contribution Work?

Step 1: Your Organization Enrolls

Open a Granite for Good Checking account and enroll your eligible organization in the Community Contribution program.

Step 2: Your Community Gets Involved

Supporters who bank with Granite Bank can designate your organization to receive Community Contributions associated with their qualifying household deposit balances. No separate donation from their accounts is required.

Step 3: Granite Bank Gives Back

Granite Bank calculates Community Contributions based on eligible organizational and designated household balances. Your organization receives financial contributions through the program alongside any interest earned on qualifying deposits.

*Your community already believes in your mission. Now their everyday banking can help support it, too.*

2026 Community Contribution Rates

Qualifying Balance Type

Annual Community Contribution Rate

Granite for Good Checking balances

0.35% (35 basis points)

Designated household non-interest-bearing balances

0.35% (35 basis points)

Designated household interest-bearing balances

0.15% (15 basis points)

Community Contributions are payments by Granite Bank to enrolled organizations, not deposit interest, and are not included in APY. Actual amounts depend on qualifying balances, account types, household designations and program terms.

Nonprofit Banking for Organizations Making a Difference

Granite for Good Checking is designed for eligible organizations including:

501(c)(3) nonprofit charities and foundations
Youth sports associations and community service clubs
Private schools and educational institutions
Churches and religious organizations
Homeowners and condominium associations
501(c)(4) and 501(c)(6) associations and chambers of commerce
Municipalities, governmental entities and economic development authorities

Organization eligibility and account approval requirements apply.

Why Choose Granite Bank for Nonprofit Banking?

Personalized Service From a Minnesota Community Bank

We take time to understand your organization, your goals and your financial needs. At Granite Bank, relationships matter.

Banking That Works for Your Mission

Our nonprofit checking account brings together interest earnings, useful banking tools and Community Contributions in one solution for eligible organizations.

An Opportunity for Your Community to Give Back

With the Community Contribution program, your supporters have another way to make an impact through qualifying deposit relationships at Granite Bank.

Tools That Make Financial Management Easier

From managing deposits and payments to helping protect against fraud, our treasury management services are designed to simplify daily operations.

Frequently Asked Questions About Nonprofit Banking

What is nonprofit banking?

Nonprofit banking includes checking, savings, payment and treasury management services designed for the financial needs of nonprofit organizations, charities, foundations and associations.

Can a nonprofit organization earn interest on checking?

Yes. Eligible nonprofits can use interest-bearing checking accounts. Granite for Good Checking offers 1.00% APY on qualifying balances of $10,000 or more, subject to the current rate and account terms.*

What is Granite for Good Checking?

Granite for Good Checking is an account designed for eligible community organizations. It combines interest-earning checking, no monthly maintenance fee, treasury tools and access to Granite Bank’s Community Contribution program.

How does the Community Contribution work?

Granite Bank pays eligible enrolled organizations based on qualifying organizational checking balances and qualifying balances held by households that designate the organization. Contribution rates vary by account type and are separate from deposit interest.

Do supporters need to make a donation to participate?

No separate donation is required. Qualifying household deposits can help generate a Community Contribution from Granite Bank to the organization the household designates, subject to program terms.

Which organizations may qualify?

Eligible organizations may include charities, foundations, youth sports associations, schools, religious organizations, service clubs, homeowners associations, chambers of commerce and certain government entities. Contact Granite Bank for eligibility details.

Does the account include treasury management?

Available services include ACH origination, fraud protection tools, remote deposit capture and wire services. Some services require separate application and approval.

Is Granite Bank FDIC insured?

Yes. Granite Bank is an FDIC-insured institution. Eligible deposits are insured up to applicable limits, and additional coverage may be available through IntraFi, subject to applicable terms.

Let's Put Your Banking to Work for Your Mission

You already do so much for your community. We’re here to help make banking one less thing to worry about—and one more way to support the work you do. Discover how Granite for Good Checking can help your organization make the most of its money while strengthening its connection to the community.

Important Account Disclosures

Granite for Good Checking: Annual Percentage Yield (APY) accurate as of October 12, 2026. The 1.00% APY applies to balances of $10,000 and above; balances below $10,000 earn 0.00% APY. Rates are variable and may change at any time, including after account opening. Fees may reduce earnings.

The Community Contribution is a contractual payment made by Granite Bank to an enrolled organization and is not interest; it is not included in APY. The combined annual return rate reflects APY and the applicable Community Contribution rate on qualifying organizational Granite for Good Checking balances and is not APY.

Actual contributions depend on eligible balances and account types. Household balances count toward an organization’s Community Contribution only where the household has designated that organization. Enrollment is subject to eligibility and account approval; treasury management services are subject to separate application and approval. Additional restrictions and conditions may apply. Member FDIC.