BankWest

Overview | Receive alerts for this bank

LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.25%	Reward Checking	Power Checking 1.82% - National Average
0.70%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
0.20%	1-year CD	12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD

View all BankWest rates »

Overview / Commentary

www.bankwestmn.com

763-477-5231

5921 Main Street
Rockford, MN 55373

BankWest is headquartered in Rockford and is the 120^th largest bank in the state of Minnesota. It is also the 3,766^th largest bank in the nation. It was established in 1948 and as of March of 2017, it had grown to 32 employees at 3 locations. BankWest has a B+ health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

B+

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	16704
Year Established	1948
Employees	32
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.09%
Return on Equity - YTD	12.76%
Annual Interest Income	$1.3MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$135.5MM$125.6MM
Loans	Q1 2017vs Q1 2016	$86.8MM$85.1MM
Deposits	Q1 2017vs Q1 2016	$123.1MM$113.2MM
Equity Capital	Q1 2017vs Q1 2016	$11.8MM$12.0MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$1.2MM$1.2MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$374.00K$679.00K
Real Estate Owned	Q1 2017vs Q1 2016	$1.1MM$1.3MM

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$100	-	Savings Account
0.10%	$100	-	Business Savings Account

BankWest Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%	$2k	-	Money Market Savings Account
0.15%^*	$125k^*	-	Preferred Money Market Savings Account
OTHER TIERS: 0.10% → Up to $125k
0.15%	-	-	High Yield Money Market Savings Account
0.15%	-	-	Business High Yield Money Market Savings Account
0.15%	$2k	-	Business Money Market Savings Account
0.15%^*	$125k^*	-	Business Preferred Money Market Savings Account
OTHER TIERS: 0.10% → Up to $125k

BankWest Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	-	-	Premier Business Earnings Credit
0.50%	-	-	Premier Business Plus Earnings Credit
0.25%^*	-	$25k	Power Checking
OTHER TIERS: 0.10% → $25k+
0.25%^*	-	$25k	Business Power Checking
OTHER TIERS: 0.10% → $25k+
0.20%	-	-	Analysis Account Earnings Credit
0.15%	$50	-	Preferred Checking
0.15%	$50	-	Business Preferred Checking
0.10%	$500	-	Premier Plus Business Checking
0.05%	-	-	Advantage Checking
0.05%	-	-	Business Advantage Checking

BankWest CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%	$2k	-	60 Month CD
0.70%	$2k	-	Business 60 Month CD
0.60%	$2k	-	48 Month CD
0.60%	$2k	-	Business 48 Month CD
0.50%	$2k	-	36 Month CD
0.50%	$2k	-	Business 36 Month CD
0.40%	$2k	-	24 Month CD
0.40%	$2k	-	Business 24 Month CD
0.20%	$2k	-	12 Month CD
0.20%	$2k	-	Business 12 Month CD
0.10%	$2k	-	6 Month CD
0.10%	$2k	-	Business 6 Month CD
0.05%	$2k	-	3 Month CD
0.05%	$2k	-	Business 3 Month CD

BankWest IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$2k	-	30 Month IRA
0.50%	$2k	-	Business 30 Month IRA
0.30%	$2k	-	18 Month IRA
0.30%	$2k	-	Business 18 Month IRA

Locations

BankWest Locations
Hanover Branch	11000 River Road Northeast	Hanover, MN 55341
Buffalo Branch	311 10th Avenue South	Buffalo, MN 55313
Bankwest	5921 Main Street	Rockford, MN 55373