Bank Forward


Overview / Commentary
701-769-2121
390 Wheat St
Hannaford, ND 58448

Bank Forward is headquartered in Hannaford and is the 12th largest bank in the state of North Dakota. It is also the 1,175th largest bank in the nation. It was established in 1927 and as of June of 2019, it had grown to 222 employees at 13 locations. Bank Forward's money market rates are 2X the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #8941
Year Established1927
Employees222
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.81%
Return on Equity - YTD17.58%
Annual Interest Income$15.8MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$637.2MM$567.0MM
LoansQ2 2019vs Q2 2018$527.3MM$484.2MM
DepositsQ2 2019vs Q2 2018$524.4MM$432.0MM
Equity CapitalQ2 2019vs Q2 2018$66.8MM$59.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$6.0MM$5.6MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.6MM$2.0MM
Real Estate OwnedQ2 2019vs Q2 2018$1.6MM$1.9MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Bank Forward; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bank Forward Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--IRA Savings Account
0.05%--Health Savings Account
0.05%--Regular Savings Account

Bank Forward Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$500k*-Forward Money Market
OTHER TIERS: 0.25% $5k - $100k | 0.50% $100k - $250k | 0.75% $250k - $500k
0.25%*$100k*-Money Market Savings
OTHER TIERS: 0.05% $1k - $25k | 0.07% $25k - $50k | 0.10% $50k - $100k

Bank Forward Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$50k*-Forward Interest Checking
OTHER TIERS: 0.05% Up to $25k | 0.07% $25k - $50k
0.05%--Interest Checking

Bank Forward CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$5k-28 Month CD Special
2.25%$5k-15 Month CD Special
2.25%$2.5k-33 Month Triple Option CD Special
1.75%$500-60 Month CD
1.50%$500-48 Month CD
1.00%$500-36 Month CD
0.90%$500-30 Month CD
0.75%$500-24 Month CD
0.35%$500-18 Month CD
0.30%$500-12 Month CD
0.25%$500-6 Month CD
0.20%$500-3 Month CD

Bank Forward IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$500-60 Month IRA
0.90%$500-30 Month IRA
0.75%$500-24 Month IRA
0.35%$500-18 Month IRA
0.30%$500-12 Month IRA
Locations

Availability

Fargo Area

Interactive local rates map


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