Featured Savings Rates
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BankWest

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.25%Reward CheckingPower Checking
0.70%5-year CD60 Month CD
0.20%1-year CD12 Month CD

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

BankWest is headquartered in Rockford and is the 120th largest bank in the state of Minnesota. It is also the 3,766th 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.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #16704
Year Established1948
Employees32
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD12.76%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$135.5MM$125.6MM
LoansQ1 2017vs Q1 2016$86.8MM$85.1MM
DepositsQ1 2017vs Q1 2016$123.1MM$113.2MM
Equity CapitalQ1 2017vs Q1 2016$11.8MM$12.0MM
Loan Loss AllowanceQ1 2017vs Q1 2016$1.2MM$1.2MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$374.00K$679.00K
Real Estate OwnedQ1 2017vs Q1 2016$1.1MM$1.3MM
Rates
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* 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
0.10%$100-Business Savings Account

BankWest Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Premier Business Earnings Credit
0.50%--Premier Business Plus Earnings Credit
0.25%*-$25kPower Checking
OTHER TIERS: 0.10% $25k+
0.25%*-$25kBusiness 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Branch11000 River Road NortheastHanover, MN 55341
Buffalo Branch311 10th Avenue SouthBuffalo, MN 55313
Bankwest5921 Main StreetRockford, MN 55373