Northwest Bank

Overview / Commentary

www.nw.bank

712-580-4100

705 Grand Ave
Spencer, IA 51301

Northwest Bank is headquartered in SPENCER and is the 6^th largest bank in the state of Iowa. It is also the 408^th largest bank in the nation. It was established in 1988 and as of June of 2024, it had grown to 408 employees at 23 locations. Northwest Bank's money market rates are 6X the national average, and it has an A health rating.

View all posts from:

2019

12/20 - Northwest Bank Compass Rewards Checking Earns 3.04% APY

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	32647
Year Established	1988
Employees	408
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.48%
Return on Equity - YTD	6.07%
Annual Interest Income	$69.4MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$2.94B$2.52B
Loans	Q2 2024vs Q2 2023	$2.25B$1.89B
Deposits	Q2 2024vs Q2 2023	$2.47B$1.95B
Equity Capital	Q2 2024vs Q2 2023	$242.5MM$183.7MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$28.5MM$23.9MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$9.3MM$4.8MM
Real Estate Owned	Q2 2024vs Q2 2023	$9K$440K

Rates

Skip to rates for:

Savings
Money Market
Checking

Report an Issue

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.

Northwest Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.05%^*	$1m^*	-	Estate Savings
OTHER TIERS: 1.15% → $0 - $20k \| 1.25% → $20k - $50k \| 1.30% → $50k - $100k \| 1.35% → $100k - $500k \| 1.80% → $500k - $1m
2.05%^*	$1m^*	-	Business Savings
OTHER TIERS: 1.15% → $0 - $20k \| 1.25% → $20k - $50k \| 1.30% → $50k - $100k \| 1.35% → $100k - $500k \| 1.80% → $500k - $1m
1.15%^*	$0	$20k	Compass Savings Account
OTHER TIERS: 0.40% → $20k+
0.90%^*	$10k^*	-	Statement Savings
OTHER TIERS: 0.75% → $10 - $10k
0.90%^*	$10k^*	-	Student / Treasure Seekers
OTHER TIERS: 0.75% → $10 - $10k
0.80%	$0	-	First time Homebuyer Saving Account
0.70%^*	$50k^*	-	IRA Savings
OTHER TIERS: 0.60% → $10 - $20k \| 0.65% → $20k - $50k
0.50%^*	$2.5k^*	-	Health Savings Account
OTHER TIERS: 0.45% → $0 - $2.5k

Northwest Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
2.53%^*	$500k^*	-	Money Market
OTHER TIERS: 1.36% → $1k - $50k \| 1.61% → $50k - $100k \| 2.12% → $100k - $250k \| 2.38% → $250k - $500k
2.35%^*	$1m^*	-	Business Money Market
OTHER TIERS: 1.05% → $0 - $250k \| 1.30% → $250k - $500k \| 1.80% → $500k - $1m

Northwest Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
3.56%^*	$25k^*	-	Compass Rewards Account
OTHER TIERS: 0.01% → $0 - $25k
1.95%^*	$1m^*	-	Business Insured Cash Sweep
OTHER TIERS: 0.65% → $0 - $250k \| 0.90% → $250k - $500k \| 1.40% → $500k - $1m
0.90%^*	$1m^*	-	Commercial Analysis Checking
OTHER TIERS: 0.25% → $0 - $20k \| 0.35% → $20k - $50k \| 0.55% → $50k - $100k \| 0.70% → $100k - $500k \| 0.75% → $500k - $1m
0.85%^*	$100k^*	-	Compass Relationship Account
OTHER TIERS: 0.60% → $0+ \| 0.70% → $50k - $100k
0.40%	$0	-	Community Checking

Locations

Availability

Sioux City Area

Sioux City Area bank & credit union details

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.