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Peoples State Bank of Wells Rates & Review May 2026

Content reviewed by
Brian McKay Brian McKay
Brian McKay

Brian McKay

Founder & Data Architect
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Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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Editorial Disclosure The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
| ✓Fact Checked | Rates Last Updated: May 14, 2026

You can compare Peoples State Bank of Wells rates to other rates in our database, including 12-month CD rates currently at 3.80%, 6-month CD rates at 3.55% and 3-month CD rates at 3.40%. Savings rates are at 0.55% and money market rates are at 0.50%. Mortgage rates on 30-year fixed loans are around 5.99%. All these rates can be compared to Peoples State Bank of Wells rates. MonitorBankRates evaluates the financial stability of Peoples State Bank of Wells with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.69%. Rates were last updated on 05/14/2026.

Peoples State Bank of Wells 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 Peoples State Bank of Wells? Share your experience about Peoples State Bank of Wells by leaving a review below, or read customer reviews before you decide to use Peoples State Bank of Wells.

MonitorBankRates Verified Strong Badge 2026 Verified Strong Use This Badge on Your Bank Website
Overall Health & Safety Grade ?
A+
Exceptional Health Score: 99/100
MonitorBankRates Rating ?
5.0
Exceptional Out of 5.0 Stars
Texas Ratio ?
1.69%
Excellent Lower than avg
Peoples State Bank of Wells
98 3rd St Se
Wells, MN 56097
https://www.peoplesstatebankwells.com
Member FDIC

Current Rate Availability

We do not have Peoples State Bank of Wells rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Peoples State Bank of Wells 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 Peoples State Bank of Wells 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 Peoples State Bank of Wells's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Peoples State Bank of Wells
Bank Holding Company PEOPLES EQUITY CORP
Address 98 3rd St Se, Wells, MN 56097  ·  Faribault
Website https://www.peoplesstatebankwells.com
FDIC Certificate # 8840
Established 02/29/1924
FDIC Insurance Date 01/01/1934
Domestic Offices 1
Total Branches 1
Regulator FDIC
FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+
Overall Health Grade Score: 99/100
5.0
Exceptional Out of 5.0 Stars
1.69%
Texas Ratio Nat'l avg: 5.85%
Return on Assets (ROA) 1.6102%
Return on Equity (ROE) 18.4300%
Non-Performing Loans (NPL) 0.15%
Total Assets $62,129,000
Total Deposits $55,228,000
Equity Capital $6,775,000
Net Income $942,000
Headquarters Wells
Total Offices 1
Source: FDIC  |  Last Updated 12/31/2025
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Customer Reviews

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Frequently Asked Questions About Peoples State Bank of Wells

How many branches does Peoples State Bank of Wells operate?

Peoples State Bank of Wells currently maintains approximately 1 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, Peoples State Bank of Wells 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, Peoples State Bank of Wells provides members with tools to manage their accounts and build a solid financial history.

Does Peoples State Bank of Wells offer online and mobile banking?

Most modern institutions like Peoples State Bank of Wells 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.peoplesstatebankwells.com.

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