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Bank Forward


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.bankforward.com
701-769-2121
390 Wheat St
Hannaford, ND 58448

Bank Forward is headquartered in FARGO and is the 12th largest bank in the state of North Dakota. It is also the 983rd largest bank in the nation. It was established in 1927 and as of March of 2025, it had grown to 230 employees at 12 locations. Bank Forward's money market rates are 5X the national average, and it has an A health rating.

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Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #8941
Year Established1927
Employees230
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.93%
Return on Equity - YTD17.98%
Annual Interest Income$13.4MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$1.05B$1.03B
LoansQ1 2025vs Q1 2024$834.2MM$814.6MM
DepositsQ1 2025vs Q1 2024$873.3MM$864.6MM
Equity CapitalQ1 2025vs Q1 2024$114.9MM$106.9MM
Loan Loss AllowanceQ1 2025vs Q1 2024$5.8MM$5.3MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$4.9MM$130K
Real Estate OwnedQ1 2025vs Q1 2024$448K$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* 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%$0-Health Savings Account
0.20%$0-Regular Savings Account

Bank Forward Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*$2m*-Forward Money Market
OTHER TIERS: 0.75% → $5k - $100k | 1.50% → $100k - $250k | 1.75% → $250k - $500k | 2.00% → $500k - $2m
1.00%*$100k*-Money Market Savings
OTHER TIERS: 0.50% → $1k - $25k | 0.65% → $25k - $50k | 0.75% → $50k - $100k

Bank Forward Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Forward Interest Checking
OTHER TIERS: 0.10% → $0 - $25k | 0.15% → $25k - $100k
0.05%$0-Interest Checking

Bank Forward CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$2.5k-7 Month CD Special
3.00%$500-60 Month CD
2.85%$500-48 Month CD
2.75%$500-36 Month CD
2.65%$500-30 Month CD
2.50%$500-3 Month CD
2.50%$500-6 Month CD
2.50%$500-12 Month CD
2.50%$500-18 Month CD
2.50%$500-24 Month CD

Bank Forward IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$2.5k-7 Month IRA Special
3.00%$500-60 Month IRA
2.65%$500-30 Month IRA
2.50%$500-12 Month IRA
2.50%$500-18 Month IRA
2.50%$500-24 Month IRA
1.75%$0-IRA Savings Account
Locations

Availability



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