Minnwest Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.35%	1-year CD	2.75% - Barclays 12 Month Online CD
0.10%	Savings	0.26% - National Average
2.75%	3-year CD	2.85% - Barclays 36 Month Online 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 3^rd largest bank in the state of Minnesota. It is also the 428^th largest bank in the nation. It was established in 1941 and as of December of 2018, it had grown to 352 employees at 33 locations. Minnwest Bank's money market rates are 3X the national average, and it boasts an A+ health rating.

View all posts from:

2009

8/10 - 2.50% Savings Account with Rate Guaranteed Until 2010 at Minnwest Bank in MN & SD - Local Only

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Health

A+

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	16958
Year Established	1941
Employees	352
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.1%
Return on Equity - YTD	10.29%
Annual Interest Income	$82.4MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$1.99B$1.73B
Loans	Q4 2018vs Q4 2017	$1.62B$1.42B
Deposits	Q4 2018vs Q4 2017	$1.73B$1.50B
Equity Capital	Q4 2018vs Q4 2017	$217.3MM$177.6MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$24.3MM$22.9MM
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$7.3MM$16.1MM
Real Estate Owned	Q4 2018vs Q4 2017	$4.8MM$5.8MM

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
1.61%^*	$1m^*	-	Platinum Business Savings
OTHER TIERS: 0.40% → $10k - $100k \| 1.06% → $100k - $500k \| 1.51% → $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
1.51%^*	$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 Special - Online Only
2.35%	$5k	-	13 Month CD Special
2.35%	$1k	-	12 Month Digital CD Special
2.00%	$5k	-	9 Month CD Special

Minnwest Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
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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