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Northwest Bank (PA)


Overview / Commentary
www.northwest.bank
814-723-9636
Second At Liberty
Warren, PA 16365

Northwest Bank (PA) is headquartered in Warren and is the 5th largest bank in the state of Pennsylvania. It is also the 138th largest bank in the nation. It was established in 1896 and as of September of 2019, it had grown to 2,218 employees at 185 locations. Northwest Bank (PA)'s money market rates are 70% higher than the national average, and it boasts an A+ health rating.

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Reviews (9)

Best bank I've used

Posted by: |

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 .

2

Northwest bank

Posted by: |

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.

1

Northwest Bank

Posted by: |

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.

1

They Claim To Be Small Business Friendly...

Posted by: |

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.

6
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Health
A+

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #28178
Year Established1896
Employees2218
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD8.89%
Annual Interest Income$325.0MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$10.72B$9.65B
LoansQ3 2019vs Q3 2018$8.83B$7.96B
DepositsQ3 2019vs Q3 2018$8.81B$8.09B
Equity CapitalQ3 2019vs Q3 2018$1.40B$1.28B
Loan Loss AllowanceQ3 2019vs Q3 2018$52.9MM$56.0MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$62.7MM$70.6MM
Real Estate OwnedQ3 2019vs Q3 2018$1.2MM$2.5MM
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
0.15%*†$15k*-Health Savings Account
OTHER TIERS: 0.05% → $1k - $5k | 0.10% → $5k - $15k
0.05%†--Holiday Club
0.05%†--Vacation Club
0.05%†$100-Statement Savings

Northwest Bank (PA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*†$250k*-Affinity Money Market w/ Affinity Premier Checking
OTHER TIERS: 0.75% → Up to $5k | 0.89% → $5k - $50k | 1.20% → $50k - $100k | 1.25% → $100k - $250k
1.00%*†$250k*-Affinity Money Market w/ Affinity Plus Checking
OTHER TIERS: 0.26% → Up to $5k | 0.40% → $5k - $50k | 0.70% → $50k - $100k | 0.75% → $100k - $250k
0.75%*†$250k*-Affinity Money Market
OTHER TIERS: 0.01% → Up to $5k | 0.15% → $5k - $50k | 0.45% → $50k - $100k | 0.50% → $100k - $250k
0.25%*†$75k*-IRA Money Market
OTHER TIERS: 0.10% → Up to $75k

Northwest Bank (PA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%†$1.5k-Affinity Plus Checking
0.01%†$1.5k-Affinity Premier Checking

Northwest Bank (PA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.80%†$500-37 Month CD Special
1.70%†$500-25 Month CD Special
1.60%†$500-13 Month CD Special
1.50%†$500-7 Month CD Special
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
1.80%†$500-37 Month IRA Special
1.70%†$500-25 Month IRA Special
1.60%†$500-13 Month IRA Special
1.50%†$500-7 Month IRA Special
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%†$500-18 Month Variable IRA
0.30%†$500-12 - 17 Month IRA
Locations

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