Minnwest Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.35%	1-year CD	2.65% - Barclays 12 Month Online CD
0.10%	Savings	2.00% - Ally Bank Online Savings Account
2.75%	3-year CD	2.85% - Synchrony Bank 36 Month CD

View all Minnwest Bank rates »

Overview / Commentary

minnwestbank.com

507-637-4357

300 South Washington Street
Redwood Falls, MN 56283

Minnwest Bank is headquartered in Redwood Falls and is the 5^th largest bank in the state of Minnesota. It is also the 452^nd largest bank in the nation. It was established in 1941 and as of September of 2018, it had grown to 335 employees at 28 locations. Minnwest Bank's money market rates are 3X the national average, and it boasts an A+ health rating.

Overall
FDIC Certificate #	16958
Year Established	1941
Employees	335
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.06%
Return on Equity - YTD	9.97%
Annual Interest Income	$59.2MM

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$1.83B$1.64B
Loans	Q3 2018vs Q3 2017	$1.52B$1.37B
Deposits	Q3 2018vs Q3 2017	$1.58B$1.42B
Equity Capital	Q3 2018vs Q3 2017	$200.4MM$175.4MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$24.0MM$21.4MM
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$7.8MM$13.2MM
Real Estate Owned	Q3 2018vs Q3 2017	$4.5MM$8.3MM

Rates

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Savings
Money Market
Checking
CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Minnwest Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.60%^*	$1m^*	-	Platinum Business Savings
OTHER TIERS: 0.40% → $10k - $100k \| 1.05% → $100k - $500k \| 1.50% → $500k - $1m
0.30%^*	$30k^*	-	Automatic Savings
OTHER TIERS: 0.10% → Up to $30k
0.30%^*	$30k^*	-	Health Savings Account
OTHER TIERS: 0.10% → Up to $10k \| 0.20% → $10k - $30k
0.15%	$300	-	Classic Business Savings
0.10%	-	-	Thrift Savings
0.10%	-	-	Money Magic Savings Club

Minnwest Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.50%^*	$500k^*	-	Money Max Savings
OTHER TIERS: 0.15% → Up to $25k \| 0.40% → $25k - $100k \| 0.55% → $100k - $225k \| 0.80% → $225k - $500k

Minnwest Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.51%^*	-	$10k	Digital Checking - Online Exclusive
OTHER TIERS: 0.50% → $10k+
0.50%^*	$500k^*	-	Non-Profit Business Checking
OTHER TIERS: 0.15% → Up to $150k \| 0.30% → $150k - $500k
0.30%^*	$50k^*	-	Minnwest Platinum Checking
OTHER TIERS: 0.10% → Up to $25k \| 0.20% → $25k - $50k

Minnwest Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.75%	$1k	-	30 Month Digital CD Specials - Online Exclusive
2.66%	$5k	-	19 Month CD Special
2.35%	$5k	-	13 Month CD Special
2.35%	$1k	-	12 Month Digital CD Specials - Online Exclusive
2.00%	$5k	-	9 Month CD Special

Locations

Availability

Minneapolis Area

Minneapolis Area bank & credit union details

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