Featured Savings Rates
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Boundary Waters Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.10%SavingsPassbook Savings
0.20%Money MarketMoney Market Plus Account
0.07%CheckingNOW Account

Overview / Commentary
218-365-6181
601 East Sheridan Street
Ely, MN 55731

Boundary Waters Bank is headquartered in Ely and is the 136th largest bank in the state of Minnesota. It is also the 4,078th largest bank in the nation. It was established in 1999 and as of March of 2016, it had grown to 24 employees at 3 locations. Boundary Waters Bank's money market rates are 70% higher than the national average, and it has a C+ health rating.

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Health
C+

Health Grade Components

Overall
FDIC Certificate #35172
Year Established1999
Employees24
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD5.18%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$119.5MM$112.3MM
LoansQ1 2016vs Q1 2015$95.0MM$89.1MM
DepositsQ1 2016vs Q1 2015$95.5MM$95.9MM
Equity CapitalQ1 2016vs Q1 2015$10.4MM$9.7MM
Loan Loss AllowanceQ1 2016vs Q1 2015$456.00K$153.00K
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$1.0MM$1.0MM
Real Estate OwnedQ1 2016vs Q1 2015$3.1MM$3.4MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Boundary Waters Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--IRA Savings
0.10%--Passbook Savings

Boundary Waters Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$100k*-Outfitter MMDA
OTHER TIERS: 0.25% Up to $25k | 0.50% $25k - $50k | 0.60% $50k - $100k
0.25%*$25k*-Money Manager MMDA
OTHER TIERS: 0.15% Up to $25k
0.20%*$10k*-Money Market Plus Account
OTHER TIERS: 0.15% Up to $10k

Boundary Waters Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.07%--NOW Account
Locations


Boundary Waters Bank Locations
Blaine Branch11800 Aberdeen Street N.E.Blaine, MN 55434
Woodbury Branch2230 Eagle Creek LaneWoodbury, MN 55125
Boundary Waters Bank601 East Sheridan StreetEly, MN 55731