BankWest


Overview / Commentary
763-477-5231
5921 Main Street
Rockford, MN 55373

BankWest is headquartered in Rockford and is the 98th largest bank in the state of Minnesota. It is also the 2,836th largest bank in the nation. It was established in 1948 and as of June of 2022, it had grown to 29 employees at 3 locations. BankWest 's money market rates are 36% higher than the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #16704
Year Established1948
Employees29
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD12.53%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$238.2MM$227.5MM
LoansQ2 2022vs Q2 2021$89.5MM$96.2MM
DepositsQ2 2022vs Q2 2021$228.2MM$209.8MM
Equity CapitalQ2 2022vs Q2 2021$8.8MM$16.7MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.4MM$1.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$9.00K$77.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not BankWest ; 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.

BankWest Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$100-Savings Account

BankWest Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$750k*-High Yield Money Market Savings Account
OTHER TIERS: 0.25% Up to $250k | 0.40% $250k - $750k
0.40%*$250k*-Preferred Money Market Savings Account
OTHER TIERS: 0.20% Up to $50k | 0.30% $50k - $250k
0.15%$2k-Money Market Savings Account

BankWest Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Business Interest Checking Earnings Credit
0.50%*-$15kRewards Checking
OTHER TIERS: 0.11% $15k+
0.50%--Business Analysis Earnings Credit
0.20%--Analysis Account Earnings Credit
0.15%$50-Preferred Checking
0.10%--Business Interest Checking

BankWest CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$2k-60 Month CD
0.65%$2k-48 Month CD
0.50%$2k-36 Month CD
0.40%$2k-24 Month CD
0.30%$2k-12 Month CD
0.15%$2k-6 Month CD
0.10%$2k-3 Month CD

BankWest IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$2k-30 Month IRA
0.50%$2k-18 Month IRA
Locations


BankWest Locations
Hanover Branch11000 River Road NortheastHanover, MN 55341
Buffalo Branch311 10th Avenue SouthBuffalo, MN 55313
Bankwest5921 Main StRockford, MN 55373

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