Advertising Disclosure

Boundary Waters Bank

Overview / Commentary
601 East Sheridan Street
Ely, MN 55731

Boundary Waters Bank is headquartered in Ely and is the 154th largest bank in the state of Minnesota. It is also the 3,963rd largest bank in the nation. It was established in 1999 and as of March of 2019, it had grown to 22 employees at 3 locations. Boundary Waters Bank's money market rates are 3X the national average, and it has a C+ health rating.


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


Health Grade Components

FDIC Certificate #35172
Year Established1999
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD6.28%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$108.3MM$121.5MM
LoansQ1 2019vs Q1 2018$91.6MM$102.2MM
DepositsQ1 2019vs Q1 2018$76.0MM$94.5MM
Equity CapitalQ1 2019vs Q1 2018$13.4MM$12.1MM
Loan Loss AllowanceQ1 2019vs Q1 2018$715.00K$687.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$2.3MM$0
Real Estate OwnedQ1 2019vs Q1 2018$261.00K$861.00K
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Boundary Waters Bank; 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.

Boundary Waters Bank Savings Account Rates

0.80%*$250k*-IRA Savings
OTHER TIERS: 0.15% $1k - $10k | 0.25% $10k - $25k | 0.50% $25k - $50k | 0.60% $50k - $100k | 0.75% $100k - $249k
0.20%--Superior Savings

Boundary Waters Bank Money Market Rates

1.45%*$500k*-Outfitter MMDA
OTHER TIERS: 0.15% $1k - $10k | 0.50% $10k - $50k | 0.75% $50k - $100k | 0.95% $100k - $250k | 1.15% $250k - $500k

Boundary Waters Bank Checking Account Rates

0.15%--NOW Account

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.