Minnwest Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.35%	1-year CD	2.50% - Synchrony Bank 12 Month CD
0.10%	Savings	1.90% - American Express National Bank High Yield Savings Account
0.30%	Checking	0.90% - nbkc bank Personal Account

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 468^th largest bank in the nation. It was established in 1941 and as of June of 2018, it had grown to 320 employees at 24 locations. Minnwest Bank's money market rates are 3X the national average, and it has an A health rating.

Overall
FDIC Certificate #	16958
Year Established	1941
Employees	320
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.03%
Return on Equity - YTD	9.79%
Annual Interest Income	$38.4MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$1.75B$1.66B
Loans	Q2 2018vs Q2 2017	$1.45B$1.39B
Deposits	Q2 2018vs Q2 2017	$1.52B$1.41B
Equity Capital	Q2 2018vs Q2 2017	$185.5MM$174.1MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$23.5MM$22.8MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$11.8MM$9.1MM
Real Estate Owned	Q2 2018vs Q2 2017	$5.1MM$11.4MM

Rates

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Savings
Money Market
Checking
CD
IRA

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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
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
0.30%^*	$30k^*	-	Money Market Savings
OTHER TIERS: 0.10% → Up to $30k

Minnwest Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
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
2.66%	$5k	-	19 Month CD Special
2.35%	$5k	-	13 Month CD Special
2.00%	$5k	-	9 Month CD Special

Minnwest Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.66%	$5k	-	19 Month IRA Special
2.35%	$5k	-	13 Month IRA Special
2.00%	$5k	-	9 Month IRA Special

Locations

Availability

Minneapolis Area

Minneapolis Area bank & credit union details

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