Overview / Commentary
507-637-4357
300 South Washington Street
Redwood Falls, MN 56283

Minnwest Bank is headquartered in Redwood Falls and is the 5th largest bank in the state of Minnesota. It is also the 468th 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.

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Health

Health Grade Components

Overall
FDIC Certificate #16958
Year Established1941
Employees320
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD9.79%
Annual Interest Income$38.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$1.75B$1.66B
LoansQ2 2018vs Q2 2017$1.45B$1.39B
DepositsQ2 2018vs Q2 2017$1.52B$1.41B
Equity CapitalQ2 2018vs Q2 2017$185.5MM$174.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$23.5MM$22.8MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$11.8MM$9.1MM
Real Estate OwnedQ2 2018vs Q2 2017$5.1MM$11.4MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Minnwest 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.

Minnwest Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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

Minnwest Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.66%$5k-19 Month IRA Special
2.35%$5k-13 Month IRA Special
2.00%$5k-9 Month IRA Special
Locations

Availability



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