Deerwood Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
0.80%	1-year CD	2.55% - Goldman Sachs Bank USA High-yield 12 Month CD
0.30%	Savings	1.90% - American Express National Bank High Yield Savings Account
2.07%	4-year CD	1.78% - National Average

View all Deerwood Bank rates »

Overview / Commentary

www.deerwoodbank.com

218-534-3111

21236 Archibald Road
Deerwood, MN 56444

Deerwood Bank is headquartered in Waite Park and is the 17^th largest bank in the state of Minnesota. It is also the 1,068^th largest bank in the nation. It was established in 1910 and as of June of 2018, 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

Write a Review

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

Health

A

Data as of Q2 2018

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	1.28%
Return on Equity - YTD	10.95%
Annual Interest Income	$13.1MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$699.8MM$483.8MM
Loans	Q2 2018vs Q2 2017	$536.6MM$368.0MM
Deposits	Q2 2018vs Q2 2017	$612.3MM$413.1MM
Equity Capital	Q2 2018vs Q2 2017	$76.0MM$58.7MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$2.1MM$2.1MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$2.0MM$895.00K
Real Estate Owned	Q2 2018vs Q2 2017	$1.9MM$797.00K

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
0.80%^*	$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
OTHER TIERS: 0.10% → Up to $1k
0.30%^*	$1k^*	-	Business Savings
OTHER TIERS: 0.10% → Up to $1k

Deerwood Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 Branch	2351 Connecticut Ave. S, Suite 100	Sartell, MN 56377
Baxter Br	131 6th Avenue S, Suite 100	Waite 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 feedback@depositaccounts.com 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.