Principal Bank


Overview / Commentary
800-672-3343
655 9Th St
Des Moines, IA 50392

Principal Bank is headquartered in Des Moines and is the 3rd largest bank in the state of Iowa. It is also the 276th largest bank in the nation. It was established in 1998 and as of March of 2021, it had grown to 166 employees at 1 location. Principal Bank has an A health rating.

Reviews (1)

Want To Lose Money? Bank Here.

Posted by: |

My company 401K turned into an IRA with Principal bank. I began getting my statements and noticed the fee was $15 but the interest was $.80 cents. The interest rate is only .10%. When they could do no better I had them roll it over to another established IRA and guess what? They charged me a $10 "check" fee, even though the funds get sent electronically. What a SCAM. DO NOT put your money here, you will end up going backwards.



Health

Health Grade Components

Overall
FDIC Certificate #34507
Year Established1998
Employees166
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD2.11%
Return on Equity - YTD25.24%
Annual Interest Income$24.4MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$4.67B$4.09B
LoansQ1 2021vs Q1 2020$1.26B$1.16B
DepositsQ1 2021vs Q1 2020$4.22B$3.76B
Equity CapitalQ1 2021vs Q1 2020$379.5MM$274.0MM
Loan Loss AllowanceQ1 2021vs Q1 2020$3.5MM$5.3MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$4.1MM$5.8MM
Real Estate OwnedQ1 2021vs Q1 2020$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Principal Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Assured Savings
0.10%--High Yield IRA

Principal Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$250k*-Money Market IRA
OTHER TIERS: 0.05% Up to $250 | 0.10% $250 - $25k | 0.15% $25k - $100k | 0.20% $100k - $250k

Principal Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%--60 Month Standard IRA
0.50%--48 Month Standard IRA
0.40%--36 Month Standard IRA
0.20%--24 Month Standard IRA
0.20%--52 Month Liquid IRA
0.10%--12 Month Standard IRA
0.10%--33 Month Liquid IRA
Locations


Principal Bank Locations
Principal Bank655 9th StDes Moines, IA 50392

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