Bank · FDIC insured
Northwest Bank
A $3B bank headquartered in Spencer, IA, with 22 branches in 2 states. Best rates: CDs 2.10% and savings 0.90% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: not enough terms or balances published to score. Auto loans: only rates Carrot doesn’t compare are published (introductory, refinance or business rates, or none at all). Credit cards: no rates found on its website.
- CDs—4.50%Needs another account or monthly activityCD rates →
- Savings841.66%at $100,000Savings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Northwest Bank
Northwest Bank is a family-owned bank based in Spencer, Iowa, serving locations across Iowa and Nebraska.
- Headquarters
- 705 Grand Ave, Spencer, IA 51301
- FDIC certificate
- 32647 ↗
Branches
22 branches in 2 states
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Iowa
20 branches
Des Moines area · 3
- Ankeny Blvd Branch911 N Ankeny Blvd, Ankeny, IA 50023Directions
- Ankeny Oralabor Branch1009 Sw Oralabor Rd, Ankeny, IA 50023Directions
- West Des Moines Branch5700 University Ave, West Des Moines, IA 50266Directions
Spirit Lake area · 3
- Arnolds Park Branch46 N Okoboji Grove Rd, Arnolds Park, IA 51331Directions
- Milford Branch1802 Okoboji Ave, Milford, IA 51351Directions
- Spirit Lake Branch1008 18th St, Spirit Lake, IA 51360Directions
Spencer area · 2
- Northwest BankMain office705 Grand Ave, Spencer, IA 51301Directions
- Spencer Branch705 Grand Ave, Spencer, IA 51301Directions
Creston area · 2
- Creston Hwy Branch801 W Taylor St, Creston, IA 50801Directions
- Creston Main Branch101 W Adams St, Creston, IA 50801Directions
Afton area · 1
- Afton Branch100 E Railroad St, Afton, IA 50830Directions
Algona area · 1
- Algona Branch204 E State St, Algona, IA 50511Directions
Ames area · 1
- Ames Branch100 S 16th St, Ames, IA 50010Directions
Estherville area · 1
- Estherville Branch1 N 6th St, Estherville, IA 51334Directions
Fort Dodge area · 1
- Fort Dodge Branch10 N 29th St, Fort Dodge, IA 50501Directions
Humboldt area · 1
- Humboldt Branch801 Sumner Ave, Humboldt, IA 50548Directions
Le Mars area · 1
- Le Mars Branch111 Central Ave Nw, Le Mars, IA 51031Directions
Shenandoah area · 1
- Shenandoah Branch116 S Blossom St, Shenandoah, IA 51601Directions
Sioux Center area · 1
- Sioux Center Branch242 N Main Ave, Sioux Center, IA 51250Directions
Sioux City area · 1
- Sioux City Branch5801 Sunnybrook Dr, Sioux City, IA 51106Directions
Nebraska
2 branches
- La Vista Branch9719 Giles Rd, La Vista, NE 68128Directions
- Omaha Branch14320 Arbor St, Omaha, NE 68144Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.12% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.23% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 1.35% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $95 | $88 | — |
- CapitalLeverage ratio10.12%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.23%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets1.35%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$95Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Northwest Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.