Advertising Disclosure

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 15th largest bank in the state of Minnesota. It is also the 1,061st largest bank in the nation. It was established in 1910 and as of March of 2019, it had grown to 166 employees at 13 locations. Deerwood Bank's savings rates are 54% higher than the national average, and it has an A health rating.

Reviews

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



Health

Health Grade Components

Overall
FDIC Certificate #5123
Year Established1910
Employees166
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.3%
Return on Equity - YTD12.64%
Annual Interest Income$8.1MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$713.0MM$495.2MM
LoansQ1 2019vs Q1 2018$535.1MM$389.7MM
DepositsQ1 2019vs Q1 2018$636.8MM$422.2MM
Equity CapitalQ1 2019vs Q1 2018$74.6MM$61.5MM
Loan Loss AllowanceQ1 2019vs Q1 2018$2.3MM$2.2MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$2.2MM$334.00K
Real Estate OwnedQ1 2019vs Q1 2018$1.6MM$352.00K
Rates
Skip to rates for:
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$200k*-My Savings Plus
OTHER TIERS: 0.10% Up to $20k | 0.55% $20k - $200k
0.80%*$200k*-Business Savings Plus
OTHER TIERS: 0.10% Up to $20k | 0.55% $20k - $200k
0.55%*$20k*-Health Savings Account
OTHER TIERS: 0.05% Up to $1k | 0.10% $1k - $2.5k | 0.30% $2.5k - $5k | 0.35% $5k - $10k | 0.40% $10k - $20k
0.30%*$1k*-My Savings
OTHER TIERS: 0.10% Up to $1k
0.30%*$1k*-Buckaroo Club
OTHER TIERS: 0.10% Up to $1k
0.30%*$1k*-Business Savings
OTHER TIERS: 0.10% Up to $1k

Deerwood Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--YES Club Checking
0.10%*$5k*-My Money Interest Checking
OTHER TIERS: 0.05% Up to $5k
0.10%*$5k*-Business Interest Checking
OTHER TIERS: 0.05% Up to $5k

Deerwood Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.07%$500-48 Month CD
1.76%$500-36 Month CD
1.26%$500-24 Month CD
0.80%$1k-12 Month CD
0.50%$2.5k-6 Month CD

Deerwood Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%$500-36 Month Fixed IRA
1.26%$500-24 Month Fixed IRA
0.80%$500-12 Month Fixed IRA
0.50%$500-12 Month Variable IRA
Locations


Deerwood Bank Locations
Plaza Park Branch2351 Connecticut Ave. S, Suite 100Sartell, MN 56377
Baxter Br131 6th Avenue S, Suite 100Waite Park, MN 56387

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.