Deerwood Bank

Overview / Commentary

218-534-3111

131 6Th Ave South, # 100
Waite Park, MN 56387

Deerwood Bank is headquartered in Waite Park and is the 13^th largest bank in the state of Minnesota. It is also the 978^th largest bank in the nation. It was established in 1910 and as of December of 2020, it had grown to 166 employees at 13 locations. Deerwood Bank has an A health rating.

Reviews

Write a Review

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

Health

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	5123
Year Established	1910
Employees	166
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.21%
Return on Equity - YTD	12.39%
Annual Interest Income	$32.5MM

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$934.7MM$719.0MM
Loans	Q4 2020vs Q4 2019	$642.4MM$554.5MM
Deposits	Q4 2020vs Q4 2019	$839.6MM$636.6MM
Equity Capital	Q4 2020vs Q4 2019	$87.2MM$76.8MM
Loan Loss Allowance	Q4 2020vs Q4 2019	$5.3MM$2.9MM
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$4.6MM$1.5MM
Real Estate Owned	Q4 2020vs Q4 2019	$491.00K$1.0MM

Rates

Skip to rates for:

Savings
Checking
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Deerwood 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.

Deerwood Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.08%^*	$200k^*	-	My Savings Plus
OTHER TIERS: 0.02% → Up to $20k \| 0.04% → $20k - $200k
0.08%^*	$200k^*	-	Business Savings Plus
OTHER TIERS: 0.02% → Up to $20k \| 0.04% → $20k - $200k
0.04%^*	$2.5k^*	-	Health Savings Account
OTHER TIERS: 0.01% → Up to $1k \| 0.02% → $1k - $2.5k
0.04%^*	$1k^*	-	My Savings
OTHER TIERS: 0.02% → Up to $1k
0.04%^*	$1k^*	-	Buckaroo Club
OTHER TIERS: 0.02% → Up to $1k
0.04%^*	$1k^*	-	Business Savings
OTHER TIERS: 0.02% → Up to $1k

Deerwood Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.04%	-	-	YES Club Checking
0.02%^*	$5k^*	-	My Money Interest Checking
OTHER TIERS: 0.01% → Up to $5k
0.02%^*	$5k^*	-	Business Interest Checking
OTHER TIERS: 0.01% → Up to $5k

Deerwood Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%	$500	-	48 Month CD
0.70%	$500	-	36 Month CD
0.60%	$500	-	24 Month CD
0.25%	$1k	-	12 Month CD
0.15%	$2.5k	-	6 Month CD

Deerwood Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%	$500	-	36 Month Fixed IRA
0.60%	$500	-	24 Month Fixed IRA
0.25%	$500	-	12 Month Fixed IRA
0.15%	$500	-	12 Month Variable IRA

Locations

Deerwood Bank Locations
Plaza Park Branch	2351 Connecticut Ave. S, Suite 100	Sartell, MN 56377
Baxter Br	21236 Archibald Rd	Deerwood, MN 56444

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.