|APY||ACCOUNT TYPE||ACCOUNT NAME|
|3.04%||Reward Checking||Compass Rewards w/ 3 Features|
|0.40%||Reward Checking||Compass Rewards w/ 2 Features|
|0.10%||Reward Checking||Compass Rewards w/ 1 Feature|
Northwest Bank is headquartered in Spencer and is the 7th largest bank in the state of Iowa. It is also the 525th largest bank in the nation. It was established in 1988 and as of December of 2017, it had grown to 307 employees at 20 locations. Northwest Bank has an A health rating.
Overall I really like Northwest bank. They have a friendly staff and I never spend much time inside the bank doing any transaction. The only account that I use is a checking account. I prefer a checking account because it is easier with withdraw my money. I use a debit card and have my money whenever I want it. Their online banking is the best feature they have though. It is very secure, and it has many features. You can check all of your account just like at the actual bank, and also see all of your transaction history which I really like. The other day I no longer wanted to receive bank statements in the mail, so I went online and requested them to be canceled. It is very efficient and useful.
|FDIC Certificate #||32647|
|Return on Assets - YTD||1.46%|
|Return on Equity - YTD||15.14%|
|Annual Interest Income||$55.1MM|
|Assets and Liabilities|
|Assets||Q4 2017vs Q4 2016||$1.54B$1.45B|
|Loans||Q4 2017vs Q4 2016||$1.22B$1.18B|
|Deposits||Q4 2017vs Q4 2016||$1.29B$1.22B|
|Equity Capital||Q4 2017vs Q4 2016||$146.9MM$140.8MM|
|Loan Loss Allowance||Q4 2017vs Q4 2016||$16.1MM$16.7MM|
|Unbacked Noncurrent Loans||Q4 2017vs Q4 2016||$3.3MM$945.00K|
|Real Estate Owned||Q4 2017vs Q4 2016||$0$215.00K|
Always verify rates and promotions with the bank or credit union. We are not Northwest 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.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|3.04%*||-||$25k||Compass Rewards w/ 3 Features|
|OTHER TIERS: 0.10% → $25k+|
|0.40%||-||-||Compass Rewards w/ 2 Features|
|0.10%||-||-||Compass Rewards w/ 1 Feature|