Northwoods Bank of Minnesota

TODAY'S FEATURED RATES

Member FDIC

4.54%

Our Rating

4.2 / 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

4.20%

Our Rating

3.6 / 5

Jenius Bank

Jenius Savings Account

See Offer

Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

Member FDIC

4.45%

Our Rating

4.1 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Member FDIC

4.36%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.10%

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

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

3.70%

Our Rating

4.3 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

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

northwoodsbank.com

218-732-7221

1200 East First Street
Park Rapids, MN 56470

Northwoods Bank of Minnesota is headquartered in PARK RAPIDS and is the 137^th largest bank in the state of Minnesota. It is also the 3,486^th largest bank in the nation. It was established in 1919 and as of December of 2024, it had grown to 32 employees at 4 locations. Northwoods Bank of Minnesota's savings rates are 4X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	1415
Year Established	1919
Employees	32
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.64%
Return on Equity - YTD	8.17%
Annual Interest Income	$6.2MM

Assets and Liabilities
Assets	Q4 2024vs Q4 2023	$140MM$138.6MM
Loans	Q4 2024vs Q4 2023	$75.5MM$73.2MM
Deposits	Q4 2024vs Q4 2023	$125.2MM$124.6MM
Equity Capital	Q4 2024vs Q4 2023	$10.8MM$10.6MM
Loan Loss Allowance	Q4 2024vs Q4 2023	$1.1MM$1.1MM
Unbacked Noncurrent Loans	Q4 2024vs Q4 2023	$164K$6K
Real Estate Owned	Q4 2024vs Q4 2023	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.54%

Our Rating

4.2 / 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

4.20%

Our Rating

3.6 / 5

Jenius Bank

Jenius Savings Account

See Offer

Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

Member FDIC

4.45%

Our Rating

4.1 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Member FDIC

4.36%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.10%

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

3.80%

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.70%

Our Rating

4.3 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

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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Savings
Money Market
Checking
CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Northwoods Bank of Minnesota Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%^*	$500k^*	-	High Yield Savings
OTHER TIERS: 0.30% → $10k - $25k \| 0.40% → $25k - $50k \| 0.75% → $50k - $100k \| 1.26% → $100k - $250k \| 1.51% → $250k - $500k
0.70%^*	$250k^*	-	Prime Access
OTHER TIERS: 0.30% → $1k - $25k \| 0.35% → $25k - $50k \| 0.45% → $50k - $100k \| 0.60% → $100k - $250k
0.32%^*	$50k^*	-	Health Savings
OTHER TIERS: 0.12% → $0 - $1k \| 0.17% → $1k - $10k \| 0.22% → $10k - $25k \| 0.27% → $25k - $50k
0.27%^*	$100k^*	-	Regular Savings
OTHER TIERS: 0.10% → $0 - $250 \| 0.12% → $250 - $1k \| 0.17% → $1k - $10k \| 0.22% → $10k - $100k

Northwoods Bank of Minnesota Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.32%^*	$50k^*	-	Money Market
OTHER TIERS: 0.12% → $0 - $1k \| 0.17% → $1k - $10k \| 0.22% → $10k - $25k \| 0.27% → $25k - $50k

Northwoods Bank of Minnesota Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$0	-	Total Checking

Northwoods Bank of Minnesota CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.05%^*	$100k^*	-	5 Month CD Special
OTHER TIERS: 3.69% → $10k - $100k
4.05%^*	$100k^*	-	Business 5 Month CD Special
OTHER TIERS: 3.69% → $10k - $100k
3.51%^*	$250k^*	-	11 Month CD Special
OTHER TIERS: 2.25% → $1k - $10k \| 2.65% → $10k - $100k \| 3.25% → $100k - $250k
3.51%^*	$250k^*	-	Business 11 Month CD Special
OTHER TIERS: 2.25% → $1k - $10k \| 2.65% → $10k - $100k \| 3.25% → $100k - $250k

Locations

Northwoods Bank of Minnesota Locations
Pine City Branch	1015 Hillside Avenue Sw	Pine City, MN 55063
Bunyan Trails Branch	112 Bunyan Trails	Nevis, MN 56467
Northwoods Bank Of Minnesota	1200 First St E	Park Rapids, MN 56470
Detached Facility	First Street	Park Rapids, MN 56470

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