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Northwest Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.54%
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
APY APY = Annual Percentage Yield Rates as of 3/18/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.30%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
3.70%
Our Rating
4.3  / 5
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 3/18/2025
4.39%
Our Rating
3.6  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 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 430th largest bank in the nation. It was established in 1988 and as of December of 2024, it had grown to 399 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 Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #32647
Year Established1988
Employees399
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD7.19%
Annual Interest Income$139.3MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$2.9B$2.61B
LoansQ4 2024vs Q4 2023$2.26B$1.96B
DepositsQ4 2024vs Q4 2023$2.49B$2.01B
Equity CapitalQ4 2024vs Q4 2023$258.8MM$197.1MM
Loan Loss AllowanceQ4 2024vs Q4 2023$28.9MM$25MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$12.2MM$24.1MM
Real Estate OwnedQ4 2024vs Q4 2023$0$175K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.54%
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
APY APY = Annual Percentage Yield Rates as of 3/18/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.30%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
3.70%
Our Rating
4.3  / 5
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 3/18/2025
4.39%
Our Rating
3.6  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 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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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

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
2.38%*$500k*-Money Market
OTHER TIERS: 1.21% → $1k - $50k | 1.46% → $50k - $100k | 1.97% → $100k - $250k | 2.22% → $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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Sioux City Area

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