Featured Savings Rates
Featured Accounts

Drake Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.15%5-year CD60 Month CD
0.35%1-year CD12 Month CD
0.25%SavingsPreferred Savings Account

Overview / Commentary
651-224-5000
60 Plato Boulevard, Suite 100
Saint Paul, MN 55107

Drake Bank is headquartered in Saint Paul and is the 165th largest bank in the state of Minnesota. It is also the 4,496th largest bank in the nation. It was established in 2002 and as of June of 2016, it had grown to 22 employees at 1 location. Drake Bank has an A health rating.

Reviews

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



Health
A
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Drake Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #57336
Year Established2002
Employees22
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.62%
Return on Equity - YTD14.89%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$96.1MM$86.2MM
LoansQ2 2016vs Q2 2015$81.7MM$74.2MM
DepositsQ2 2016vs Q2 2015$73.6MM$67.3MM
Equity CapitalQ2 2016vs Q2 2015$10.5MM$9.5MM
Loan Loss AllowanceQ2 2016vs Q2 2015$1.0MM$1.2MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$200.00K$424.00K
Real Estate OwnedQ2 2016vs Q2 2015$621.00K$701.00K
Rates
Skip to rates for:
Report an Issue

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

Drake Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$50k*-Investor Savings Account
OTHER TIERS: 0.25% Up to $50k
0.25%--Classic Savings Account
0.25%$1k-Preferred Savings Account

Drake Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$10k*-Interest Checking Account
OTHER TIERS: 0.10% Up to $1k | 0.15% $1k - $5k | 0.20% $5k - $10k
0.25%*$25k*-Civic Checking Account
OTHER TIERS: 0.10% Up to $25k

Drake Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$500-60 Month CD
0.75%$500-48 Month CD
0.65%$500-36 Month CD
0.40%$500-24 Month CD
0.35%$500-12 Month CD
0.35%$500-18 Month CD
0.30%$500-9 Month CD
0.20%$500-182 Day CD
0.15%$500-91 Day CD

Drake Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$500-60 Month IRA
0.75%$500-48 Month IRA
0.65%$500-36 Month IRA
0.40%$500-24 Month IRA
0.35%$500-12 Month IRA
0.35%$500-18 Month IRA
0.30%$500-9 Month IRA
0.20%$500-182 Day IRA
0.15%$500-91 Day IRA
Locations


Drake Bank Locations
Drake Bank60 Plato Boulevard, Suite 100Saint Paul, MN 55107