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Gateway Bank


Overview / Commentary
www.gateway.bank
651-209-4800
745 Market Street
Mendota Heights, MN 55118

Gateway Bank is headquartered in MENDOTA HEIGHTS and is the 86th largest bank in the state of Minnesota. It is also the 2,629th largest bank in the nation. It was established in 2004 and as of December of 2023, it had grown to 30 employees at 2 locations. Gateway Bank's savings rates are 6X the national average, and it has a B+ health rating.

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Reviews (2)

Good Neighborhood Bank.

Posted by: |

Good bank with friendly tellers!

1

CD Opening Requires In-Person Visit

Posted by: |

I just called Gateway Bank in Minnesota to explore funding of a new 36-month CD via an ach transfer from my personal checking account at an Ohio bank. They said they will not do an ach or wire transfer to open an account for a new customer, nor will they accept a mailed check. I'm 800 miles away.

1


Health
B+

Data as of Q4 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #57644
Year Established2004
Employees30
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.5%
Return on Equity - YTD15.48%
Annual Interest Income$12.9MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$271.7MM$265.8MM
LoansQ4 2023vs Q4 2022$199.3MM$176.5MM
DepositsQ4 2023vs Q4 2022$242.7MM$241.1MM
Equity CapitalQ4 2023vs Q4 2022$26.5MM$23.8MM
Loan Loss AllowanceQ4 2023vs Q4 2022$3.2MM$3.4MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$0$0
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Gateway 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.

Gateway Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%*$50k*-Treasury Savings
OTHER TIERS: 0.10% → Up to $2.5k | 0.35% → $2.5k - $10k | 0.45% → $10k - $25k | 0.55% → $25k - $50k
0.35%*$50k*-Health Savings Checking
OTHER TIERS: 0.10% → Up to $2.5k | 0.20% → $2.5k - $10k | 0.25% → $10k - $25k | 0.30% → $25k - $50k
0.10%$100-Statement Savings

Gateway Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$10k*-Money Market Savings
OTHER TIERS: 0.10% → Up to $1k | 0.20% → $1k - $2.5k | 0.30% → $2.5k - $10k

Gateway Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$50k*-Treasury Checking
OTHER TIERS: 0.10% → Up to $10k | 0.20% → $10k - $50k
0.10%$100-Interest Checking
0.10%--50 Plus Checking

Gateway Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.06%$1k-6 Month CD Special
4.85%$1k-12 Month CD
4.75%$1k-9 Month CD
3.40%$1k-15 Month CD Special
2.70%$1k-60 Month CD
2.65%$1k-48 Month CD
2.59%$1k-36 Month CD
2.55%$1k-24 Month CD
2.50%$1k-18 Month CD Special
2.45%$1k-13 Month CD Special
1.75%$1k-3 Month CD

Gateway Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.85%$1k-12 Month IRA
4.75%$1k-9 Month IRA
3.40%$1k-15 Month IRA Special
2.70%$1k-60 Month IRA
2.65%$1k-48 Month IRA
2.59%$1k-36 Month IRA
2.55%$1k-24 Month IRA
2.50%$1k-18 Month IRA Special
2.45%$1k-13 Month IRA Special
1.75%$1k-3 Month IRA
Locations


Gateway Bank Locations
Gateway Bank745 Market StMendota Heights, MN 55118
Edina Branch4530 France Avenue SouthEdina, MN 55410

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