Featured Savings Rates
Featured Accounts

Deerwood Bank


Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.12%1-year CD12 Month CD
0.02%SavingsBuckaroo
0.50%3-year CD36 Month CD

Overview / Commentary
218-534-3111
21236 Archibald Road
Deerwood, MN 56444

Deerwood Bank is headquartered in Deerwood and is the 28th largest bank in the state of Minnesota. It is also the 1,477th largest bank in the nation. It was established in 1910 and as of June of 2017, it had grown to 129 employees at 11 locations. Deerwood Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #5123
Year Established1910
Employees129
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.4%
Return on Equity - YTD11.53%
Annual Interest Income$9.4MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$483.8MM$469.2MM
LoansQ2 2017vs Q2 2016$368.0MM$362.4MM
DepositsQ2 2017vs Q2 2016$413.1MM$404.6MM
Equity CapitalQ2 2017vs Q2 2016$58.7MM$57.1MM
Loan Loss AllowanceQ2 2017vs Q2 2016$2.1MM$1.3MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$895.00K$4.4MM
Real Estate OwnedQ2 2017vs Q2 2016$797.00K$878.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Deerwood Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$20k*-Health Savings Account
OTHER TIERS: 0.01% Up to $1k | 0.02% $1k - $5k | 0.03% $5k - $10k | 0.04% $10k - $20k
0.15%*$20k*-My Savings Plus
OTHER TIERS: 0.02% Up to $20k
0.15%*$20k*-Business Savings Plus
OTHER TIERS: 0.02% Up to $20k
0.02%*$1k*-My Savings
OTHER TIERS: 0.01% Up to $1k
0.02%*$1k*-Buckaroo
OTHER TIERS: 0.01% Up to $1k
0.02%*$1k*-Business Savings
OTHER TIERS: 0.01% Up to $1k

Deerwood Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$50-My Money Market IRA Savings

Deerwood Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Yes Club Checking
0.02%*$5k*-My Money Interest Checking
OTHER TIERS: 0.01% Up to $5k
0.02%*$5k*-Business Interest Checking
OTHER TIERS: 0.01% Up to $5k

Deerwood Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-36 Month CD
0.30%$500-24 Month CD
0.12%$1k-12 Month CD
0.07%$2,500-6 Month CD

Deerwood Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-36 Month Fixed IRA
0.30%$500-24 Month Fixed IRA
0.12%$500-12 Month Fixed IRA
0.12%$500-12 Month Variable IRA
Locations

Availability