Bank · FDIC insured
Principal Bank
A $9.8B bank, the 161st largest of 4,207, headquartered in Des Moines, IA, with 1 branch in Iowa. It opens accounts online nationwide.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: only special-purpose accounts (IRA, youth) are published. Savings: only special-purpose accounts (IRA, youth) are published. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- CDs—2.78%CD rates →
- Savings—2.07%Savings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Principal Bank
Principal Bank is a subsidiary of Principal that specializes in FDIC-insured individual retirement accounts.
The online bank offers low-risk savings accounts, money market accounts, and certificates of deposit within IRAs.
- Headquarters
- 750 Park Street, Des Moines, IA 50309
- FDIC certificate
- 34507 ↗
Branches
1 branch in Iowa
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Iowa
1 branch
- Principal BankMain office750 Park Street, Des Moines, IA 50309Directions
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 | 7.13% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.44% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 1.68% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $32 | $88 | — |
- CapitalLeverage ratio7.13%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.44%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets1.68%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$32Peers’ 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 Principal Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.