BankWest

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LOCATIONS

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

American Express®

High Yield Savings Account

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Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.00%

Our Rating

4.6 / 5

SoFi Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to 4.00% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC

Member FDIC

4.50%

Our Rating

3.5 / 5

Jenius Bank

Jenius Savings Account

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Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

Member FDIC

4.46%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

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Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.75%

Our Rating

4.2 / 5

BrioDirect

High-Yield Savings

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Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Overview / Commentary

www.bankwestmn.com

763-477-5231

5921 Main Street
Rockford, MN 55373

BankWest is headquartered in ROCKFORD and is the 101^st largest bank in the state of Minnesota. It is also the 2,795^th largest bank in the nation. It was established in 1948 and as of September of 2024, it had grown to 29 employees at 3 locations. BankWest has a B health rating.

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Health

Data as of Q3 2024

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Health Grade Components

Overall
FDIC Certificate #	16704
Year Established	1948
Employees	29
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.88%
Return on Equity - YTD	16.83%
Annual Interest Income	$7.8MM

Assets and Liabilities
Assets	Q3 2024vs Q3 2023	$241.7MM$244.8MM
Loans	Q3 2024vs Q3 2023	$120.6MM$102.3MM
Deposits	Q3 2024vs Q3 2023	$224.2MM$223.8MM
Equity Capital	Q3 2024vs Q3 2023	$15.3MM$7.9MM
Loan Loss Allowance	Q3 2024vs Q3 2023	$1.4MM$1.1MM
Unbacked Noncurrent Loans	Q3 2024vs Q3 2023	$1.1MM$596K
Real Estate Owned	Q3 2024vs Q3 2023	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.00%

Our Rating

4.6 / 5

SoFi Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

4.50%

Our Rating

3.5 / 5

Jenius Bank

Jenius Savings Account

See Offer

Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

Member FDIC

4.46%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.75%

Our Rating

4.2 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Rates

Rates for BankWest are currently being reviewed.

Locations

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

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