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Northwest Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/16/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/16/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/16/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/16/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/16/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/16/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.nw.bank
712-580-4100
705 Grand Ave
Spencer, IA 51301

Northwest Bank is headquartered in SPENCER and is the 6th largest bank in the state of Iowa. It is also the 429th largest bank in the nation. It was established in 1988 and as of March of 2025, it had grown to 393 employees at 23 locations. Northwest Bank's money market rates are 5X the national average, and it has an A health rating.

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Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #32647
Year Established1988
Employees393
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD8.01%
Annual Interest Income$34MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$2.91B$2.55B
LoansQ1 2025vs Q1 2024$2.26B$1.96B
DepositsQ1 2025vs Q1 2024$2.54B$2.07B
Equity CapitalQ1 2025vs Q1 2024$267.8MM$199.9MM
Loan Loss AllowanceQ1 2025vs Q1 2024$29.4MM$25.3MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$13.4MM$8MM
Real Estate OwnedQ1 2025vs Q1 2024$0$15.1MM
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/16/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/16/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/16/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/16/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/16/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/16/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Northwest Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.85%*$1m*-Estate Savings
OTHER TIERS: 0.95% → $0 - $20k | 1.05% → $20k - $50k | 1.10% → $50k - $100k | 1.15% → $100k - $500k | 1.60% → $500k - $1m
1.85%*$1m*-Business Savings
OTHER TIERS: 0.95% → $0 - $20k | 1.05% → $20k - $50k | 1.10% → $50k - $100k | 1.15% → $100k - $500k | 1.60% → $500k - $1m
1.05%*$0$20kCompass Savings Account
OTHER TIERS: 0.30% → $20k+
0.70%*$10k*-Statement Savings
OTHER TIERS: 0.55% → $10 - $10k
0.70%*$10k*-Student / Treasure Seekers
OTHER TIERS: 0.55% → $10 - $10k
0.60%$0-First time Homebuyer Saving Account
0.50%*$50k*-IRA Savings
OTHER TIERS: 0.40% → $10 - $20k | 0.45% → $20k - $50k
0.30%*$2.5k*-Health Savings Account
OTHER TIERS: 0.25% → $0 - $2.5k

Northwest Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%*$500k*-Money Market
OTHER TIERS: 1.11% → $1k - $50k | 1.36% → $50k - $100k | 1.87% → $100k - $250k | 2.12% → $250k - $500k
2.00%*$1m*-Business Money Market
OTHER TIERS: 0.90% → $0 - $250k | 1.15% → $250k - $500k | 1.65% → $500k - $1m

Northwest Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%*$25k*-Compass Rewards Account
OTHER TIERS: 0.01% → $0 - $25k
1.80%*$1m*-Business Insured Cash Sweep
OTHER TIERS: 0.50% → $0 - $250k | 0.75% → $250k - $500k | 1.25% → $500k - $1m
0.70%*$1m*-Commercial Analysis Checking
OTHER TIERS: 0.15% → $0 - $20k | 0.25% → $20k - $50k | 0.35% → $50k - $100k | 0.50% → $100k - $500k | 0.55% → $500k - $1m
0.65%*$100k*-Compass Relationship Account
OTHER TIERS: 0.40% → $0+ | 0.50% → $50k - $100k
0.20%$0-Community Checking
Locations

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