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Minnwest Bank Rates & Review March 2026

Minnwest Bank's Classic 7-Month CD Special rates are at 3.42%, Classic 13-Month CD Special rates are at 3.40%, 30-Month Digital CD rates are at 3.21%, 12-Month Digital CD rates are at 3.20%, 6-Month Digital CD rates are at 2.87%. Minnwest Bank's savings rates are at 0.05%. MonitorBankRates evaluates the financial stability of Minnwest Bank with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 8.82%. Rates were last updated on 03/28/2026.

Minnwest Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Minnwest Bank? Share your experience about Minnwest Bank by leaving a review below, or read customer reviews before you decide to use Minnwest Bank.

Overall Health & Safety Grade ?
A
Excellent Health Score: 96/100
MonitorBankRates Rating ?
5.0
Exceptional Out of 5.0 Stars
Texas Ratio ?
8.82%
Excellent Higher than avg
Minnwest Bank
300 S Washington St
Redwood Falls, MN 56283
https://www.minnwestbank.com
Member FDIC

Minnwest Bank CD Rates

Product Rate APY Term View More
Classic 7 Month CD Special 3.40% 3.42% 7 Month
Min Deposit $25,000
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 8.82%
Classic 13 Month CD Special 3.40% 3.40% 13 Month
Min Deposit $25,000
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 8.82%
30 Month Digital CD 3.20% 3.21% 30 Month
Min Deposit $1,000
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 8.82%
12 Month Digital CD 3.20% 3.20% 12 Month
Min Deposit $1,000
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 8.82%
6 Month Digital CD 2.85% 2.87% 6 Month
Min Deposit $1,000
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 8.82%
Classic 7 Month CD Special 2.85% 2.87% 7 Month
Min Deposit $5,000
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 8.82%
Classic 13 Month CD Special 2.85% 2.85% 13 Month
Min Deposit $5,000
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 8.82%

Minnwest Bank Savings Rates

Product Rate APY View More
Thrift Savings 0.05% 0.05%
Min Deposit $50
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 8.82%

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Minnwest Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Minnwest Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Minnwest Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Minnwest Bank
Bank Holding Company MINNWEST CORP
Address 300 S Washington St, Redwood Falls, MN 56283  ·  Redwood
FDIC Certificate # 16958
Established 05/19/1941
FDIC Insurance Date 11/28/1950
Domestic Offices 36
Total Branches 36
Regulator FDIC
FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A
Overall Health Grade Score: 96/100
5.0
Exceptional Out of 5.0 Stars
8.82%
Texas Ratio Nat'l avg: 5.85%
Return on Assets (ROA) 0.7885%
Return on Equity (ROE) 8.9700%
Non-Performing Loans (NPL) 0.49%
Total Assets $3,012,445,000
Total Deposits $2,645,028,000
Equity Capital $326,042,000
Net Income $27,836,000
Headquarters Redwood Falls
Total Offices 36
Source: FDIC  |  Last Updated 12/31/2025

Customer Reviews

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Frequently Asked Questions About Minnwest Bank

Is Minnwest Bank a safe place to deposit money?

Yes, Minnwest Bank is considered a safe financial institution. With a Texas Ratio of 8.8210523886985%, the institution's financial health is rated as excellent. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does Minnwest Bank operate?

Minnwest Bank currently maintains approximately 36 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Minnwest Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Minnwest Bank provides members with tools to manage their accounts and build a solid financial history.

Does Minnwest Bank offer online and mobile banking?

Most modern institutions like Minnwest Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.minnwestbank.com.

Current Minnwest Bank Rates

  • 12-Month CD2.85%
  • Savings0.05%
Retrieved from our database of financial products. Rates subject to change.