Bank · FDIC insured
Northwest Bank Carrot Score
A $17.2B bank, the 117th largest of 4,207, headquartered in Warren, PA, with 162 branches in 4 states.
Northwest Bank Carrot Score
71
Carrot Score
Higher than 30% of U.S. banks and credit unions
- CDsNot scored
- Savings98
- Auto loans60
- Credit cards61
Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.
Where Northwest Bank ranks
By Carrot score, in each area where it has branches
- #39 of 52Buffalo-Cheektowaga, NY metro21
- #64 of 100Pittsburgh, PA metro17
- #12 of 17Erie, PA metro13
- #38 of 60Cleveland, OH metro10
- #6 of 16Williamsport, PA metro9
- #19 of 30Scranton--Wilkes-Barre, PA metro8
And 32 more areas
- #17 of 28Lancaster, PA metro8
- #9 of 14Jamestown-Dunkirk, NY metro5
- #8 of 10Muncie, IN metro5
- #5 of 7Bradford, PA metro5
- #7 of 18State College, PA metro4
- #4 of 6Warren, PA metro4
- #2 of 3St. Marys, PA metro4
- #16 of 22South Bend-Mishawaka, IN-MI metro3
- #8 of 14Lebanon, PA metro3
- #8 of 12Warsaw, IN metro3
- #6 of 9Meadville, PA metro3
- #6 of 9Oil City, PA metro3
- #7 of 8Marion, IN metro3
- #6 of 7DuBois, PA metro3
- #20 of 32Rochester, NY metro2
- #11 of 17Johnstown, PA metro2
- #1 of 7Lock Haven, PA metro2
- #32 of 47Columbus, OH metro1
- #26 of 43Indianapolis-Carmel-Greenwood, IN metro1
- #22 of 30Akron, OH metro1
- #16 of 26Harrisburg-Carlisle, PA metro1
- #12 of 20Altoona, PA metro1
- #13 of 19York-Hanover, PA metro1
- #9 of 16Sunbury, PA metro1
- #10 of 15Elkhart-Goshen, IN metro1
- #8 of 11Bloomington, IN metro1
- #9 of 11Hermitage, PA metro1
- #5 of 10Lewisburg, PA metro1
- #208 of 310Pennsylvania102
- #188 of 267New York28
- #104 of 159Indiana20
- #160 of 247Ohio12
Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.
By product
How each product scores
How its rates compare with every U.S. bank and credit union. Open a product to see them.
CDs
Not scoredSavings
98top 1% nationally
| Balance | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| $1,000 | 4.00% | 98% | 0.20% | 0.50% | 1.51% |
| $10,000 | 4.00% | 99% | 0.50% | 1.15% | 2.20% |
| $100,000 | 4.00% | 99% | 1.00% | 2.01% | 2.93% |
| Qualified | 4.00% | 99% | 0.60% | 1.31% | 2.43% |
Best rates 99.1 · all balances 99.0 → 99.0 → 98
Auto loans
60beats 2% nationally
| Vehicle | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| New vehicle | Not offered | 0% | 5.00% | 4.74% | 4.25% |
| Used vehicle | 7.99% | 3% | 5.39% | 4.99% | 4.49% |
Best rates 3.2 · all vehicles 1.6 → 2.6 → 60
Credit cards
61beats 3% nationally
| Card | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| Purchase APR | 16.49% | 3% | 10.90% | 9.90% | 8.90% |
Best rates 3.4 · all rates 3.4 → 3.4 → 61
Where the score could improve
- Credit cards, Purchase APR9.90%16.49% today, lower than 3% of U.S. institutions. 9.90% would reach the top quarter; 8.90% the top 10%.
- Auto loans, New vehicle4.74%Not offered, lower than 0% of U.S. institutions. 4.74% would reach the top quarter; 4.25% the top 10%.
- Auto loans, Used vehicle4.99%7.99% today, lower than 3% of U.S. institutions. 4.99% would reach the top quarter; 4.49% the top 10%.
Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.
Method
How the score works
- Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
- Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
- Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.
How Northwest Bank got its score
Its products stand at 99.0 for savings, 3.4 for credit cards and 2.6 for auto loans, out of 100. Its best two, savings and credit cards, average 51.2. Publishing three products adds 1.5, for 52.7. That puts it ahead of 30% of U.S. banks and credit unions: a Carrot Score of 71.
The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.