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Northwest Bank (PA)


Best bank I've used

I found northwest savings bank after a very frustrating experience with PNC bank. I was looking for a checking account that truly was free (no hidden fees) and very close distance to my home. Northwest savings bank was the only bank anywhere close to me that offered a free checking account. Ive had an account open with them for almost a year now and I'm definitely satisfied. Customer service is good, I've had to call them a few times and every time i got someone on the phone in mere minutes which was not something I was used too. The representatives are actually genuinely concerned with your problems and help you in any way they can. Also the website is great, because I check my account online every day, to check the outgoing and ingoing funds and everything gets updated quickly. Will be staying with this bank indefinitely .

Northwest bank

Northwest Bank is the second bank I have used. The first financial savings institute I used was a credit Union. I disliked the credit union a lot, because it took them 10 months to send me a new debit card once mine expired. It took so long in fact that I had already moved onto Northwest Bank and totally forgot about them. Northwest Bank is a nice local bank. Every time I go there it feels like everyone knows me. Very rarely does someone ask for my name. It is like they know me at a personal level. I feel comfortable asking the tellers questions about my accounts, and they respond in a professional manner. I would recommend Northwest bank to everyone I know. If you are looking for a friendly staff, and people that want to help they are the place to go.

Northwest Bank

Began working with Northwest Bank a few years ago after they bought my bank at the time, Lorain National Bank. Currently I have a checking and savings account with them, as well as a debit card. I think the biggest plus I have noticed is their online customer support. They have a chat system that is quick and available. Unfortunately, they also have a number of minimum balance fees and other things that I was not accustomed to with my previous bank. Overall, I am fairly satisfied with my experience, though I am thinking of switching to a larger bank for access to more ATMs when I am traveling and the other perks of larger banks.

They Claim To Be Small Business Friendly...

Ive been a loyal customer with this bank for eight years and the bank manager I spoke to clearly didn’t care about keeping my business. Also, they claim to be small business and family friendly but they didn’t notify me for five days when my account was overdrawn, resulting in eight $40 overdraft fees. No family or small business could reasonably afford that. On top of that that refused to refund more than two of the fees even after I filed an official complaint, and told them I’d be closing my accounts if the problem wasn’t addressed in a reasonable manner.

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Health

Health Grade Components

Overall
FDIC Certificate #28178
Year Established1896
Employees2205
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.04%
Return on Equity - YTD8.27%
Annual Interest Income$103.2MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$10.41B$9.59B
LoansQ1 2019vs Q1 2018$8.53B$7.84B
DepositsQ1 2019vs Q1 2018$8.77B$8.18B
Equity CapitalQ1 2019vs Q1 2018$1.33B$1.22B
Loan Loss AllowanceQ1 2019vs Q1 2018$55.7MM$55.2MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$69.7MM$52.9MM
Real Estate OwnedQ1 2019vs Q1 2018$2.3MM$4.0MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Northwest Bank (PA); 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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Northwest Bank (PA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$75k*-IRA Tiered Money Fund
OTHER TIERS: 0.10% Up to $75k
0.15%*$15k*-Health Savings Account
OTHER TIERS: 0.05% $1k - $5k | 0.10% $5k - $15k
0.05%$1-Holiday Club
0.05%$1-Vacation Club
0.05%$100-Statement Savings

Northwest Bank (PA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$250k*-Premium MMDA Special - 10k New Money
OTHER TIERS: 0.75% Up to $5k | 1.25% $5k - $50k | 1.60% $50k - $100k | 1.75% $100k - $250k
0.25%*$75k*-Insured Money Fund
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $10k | 0.15% $10k - $75k

Northwest Bank (PA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$1k-MyNorthwest Interest Checking

Northwest Bank (PA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-72 - 120 Month CD
0.90%$500-60 - 71 Month CD
0.75%$500-48 - 59 Month CD
0.60%$500-36 - 47 Month CD
0.55%$500-30 - 35 Month CD
0.45%$500-24 - 29 Month CD
0.35%$500-18 - 23 Month CD
0.30%$500-12 - 17 Month CD

Northwest Bank (PA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-72 - 120 Month IRA
0.90%$500-60 - 71 Month IRA
0.75%$500-48 - 59 Month IRA
0.60%$500-36 - 47 Month IRA
0.55%$500-30 - 35 Month IRA
0.45%$500-24 - 29 Month IRA
0.35%$500-18 - 23 Month IRA
0.35%$25-18 Month Variable IRA
0.30%$500-12 - 17 Month IRA
Locations

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