Advertising Disclosure
  1. Banks
  2. Principal Bank

Principal Bank


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

Principal Bank is headquartered in Des Moines and is the largest bank in the state of Iowa. It is also the 180th largest bank in the nation. It was established in 1998 and as of June of 2022, it had grown to 642 employees at 1 location. Principal Bank has a B+ health rating.

Related Posts

View all posts from:


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.

3


Health
B+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34507
Year Established1998
Employees642
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD17.86%
Annual Interest Income$77.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$8.08B$4.78B
LoansQ2 2022vs Q2 2021$1.84B$1.21B
DepositsQ2 2022vs Q2 2021$7.70B$4.29B
Equity CapitalQ2 2022vs Q2 2021$260.5MM$402.8MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.3MM$3.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$4.8MM$4.2MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Principal 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.

Principal Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Assured Savings

Principal Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$250k*-Money Market IRA
OTHER TIERS: 0.50% → Up to $250 | 0.55% → $250 - $10k | 0.60% → $10k - $25k | 0.65% → $25k - $50k | 0.70% → $50k - $100k | 0.75% → $100k - $250k

Principal Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%--60 Month Standard IRA
1.76%--36 Month Standard IRA
1.11%--48 Month Standard IRA
0.80%--24 Month Standard IRA
0.55%--52 Month Liquid IRA
0.50%--12 Month Standard IRA
0.45%--33 Month Liquid IRA
Locations


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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.