Deerwood Bank

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

Deerwood Bank is headquartered in Waite Park and is the 14th largest bank in the state of Minnesota. It is also the 1,064th largest bank in the nation. It was established in 1910 and as of December of 2018, it had grown to 164 employees at 13 locations. Deerwood Bank's savings rates are 54% higher than the national average, and it has an A health rating.


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


Health Grade Components

FDIC Certificate #5123
Year Established1910
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.24%
Return on Equity - YTD11.19%
Annual Interest Income$29.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$713.9MM$504.5MM
LoansQ4 2018vs Q4 2017$531.4MM$385.8MM
DepositsQ4 2018vs Q4 2017$639.7MM$432.9MM
Equity CapitalQ4 2018vs Q4 2017$72.1MM$60.6MM
Loan Loss AllowanceQ4 2018vs Q4 2017$2.1MM$2.2MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$2.6MM$430.00K
Real Estate OwnedQ4 2018vs Q4 2017$1.6MM$784.00K
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

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

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

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

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

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.