An insulated minnow bucket with an attached ventilated lid. The bucket is fabricated from an outer shell and an inner shell that is placed within it, with both the outer shell and the inner shell preferably being cylindrical in nature. A lid that is ventilated with a number of holes is associated with the bucket. A handle is associated with the both of the shells and the lid and is inserted through a pair of holes located in the outer shell and inner shell to insure that the handle remains attached to the bucket. The handle also is inserted through a portion of the lid.