Grinnell State Bank


Overview / Commentary
641-236-3174
814 Fourth Avenue
Grinnell, IA 50112

Grinnell State Bank is headquartered in Grinnell and is the 66th largest bank in the state of Iowa. It is also the 2,049th largest bank in the nation. It was established in 1925 and as of June of 2020, it had grown to 46 employees at 4 locations. Grinnell State Bank's savings rates are 3X the national average, and it boasts an A+ health rating.

Related Posts

IA Residents ONLY: 1.51% APY Simply Savings Acct., Balances $100 - $25,000 - 7/10/2020

No maintenance fees w/ a balance of $100. For balances above $25k, the APY varies from 0.01% to 0.06%. As usual, anyone wanting to post this deal on their own website should credit DA for the find. This means you, Anthony Nguyen. https://grinnell.bank/personal/personal-banking/savings/simply-savings/

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Health
A+

Health Grade Components

Overall
FDIC Certificate #11347
Year Established1925
Employees46
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.45%
Return on Equity - YTD11.61%
Annual Interest Income$8.0MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$363.5MM$324.0MM
LoansQ2 2020vs Q2 2019$276.4MM$241.3MM
DepositsQ2 2020vs Q2 2019$283.6MM$248.1MM
Equity CapitalQ2 2020vs Q2 2019$44.2MM$40.5MM
Loan Loss AllowanceQ2 2020vs Q2 2019$2.0MM$2.4MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.3MM$3.0MM
Real Estate OwnedQ2 2020vs Q2 2019$250.00K$250.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Grinnell State 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.

Grinnell State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%*-$500Simply Savings
OTHER TIERS: 0.01% $25k - $50k | 0.04% $50k - $200k | 0.06% $200k+ | 1.50% $500 - $25k
1.51%*-$500Business Simply Savings
OTHER TIERS: 0.01% $25k - $50k | 0.04% $50k - $200k | 0.06% $200k+ | 1.50% $500 - $25k
0.70%$50-IRA Open Time
0.70%$50-College Fund Account
0.08%*$200k*-Savings
OTHER TIERS: 0.02% Up to $50k | 0.06% $50k - $200k
0.08%*$200k*-Business Savings
OTHER TIERS: 0.02% Up to $50k | 0.06% $50k - $200k

Grinnell State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$25k*-Business Money Market Savings
OTHER TIERS: 0.02% $10k - $25k
0.02%$25k-Money Market Savings

Grinnell State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.07%*$200k*-Premier Checking
OTHER TIERS: 0.01% Up to $50k | 0.05% $50k - $200k
0.05%*$25k*-Full Service Checking
OTHER TIERS: 0.02% $2.5k - $25k

Grinnell State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%*$15k*-15 Month One-Time Bump CD Special
OTHER TIERS: 0.95% $1k - $15k
1.05%*$15k*-33 Month One-Time Bump CD Special
OTHER TIERS: 0.95% $1k - $15k
1.00%*$50k*-60 Month CD
OTHER TIERS: 0.80% $1k - $15k | 0.90% $15k - $50k
0.70%*$50k*-24 Month CD
OTHER TIERS: 0.50% $1k - $15k | 0.60% $15k - $50k
0.70%*$50k*-30 Month CD
OTHER TIERS: 0.50% $1k - $15k | 0.60% $15k - $50k
0.70%*$50k*-36 Month CD
OTHER TIERS: 0.50% $1k - $15k | 0.60% $15k - $50k
0.70%*$50k*-42 Month CD
OTHER TIERS: 0.50% $1k - $15k | 0.60% $15k - $50k
0.70%*$50k*-48 Month CD
OTHER TIERS: 0.50% $1k - $15k | 0.60% $15k - $50k
0.40%*$50k*-12 Month CD
OTHER TIERS: 0.20% $1k - $15k | 0.30% $15k - $50k
0.40%*$50k*-18 Month CD
OTHER TIERS: 0.20% $1k - $15k | 0.30% $15k - $50k
0.30%*$50k*-3 Month CD
OTHER TIERS: 0.10% $1k - $15k | 0.20% $15k - $50k
0.30%*$50k*-6 Month CD
OTHER TIERS: 0.10% $1k - $15k | 0.20% $15k - $50k
0.05%*$50k*-30-90 Day CD
OTHER TIERS: 0.01% $2.5k - $15k | 0.03% $15k - $50k
Locations


Grinnell State Bank Locations
Marengo Branch1101 Court AvenueMarengo, IA 52301
Polk City Branch205 BroadwayPolk City, IA 50226
Johnston Branch5601 Merle Hay RoadJohnston, IA 50131
Grinnell State Bank814 Fourth AvenueGrinnell, IA 50112

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