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Compare Savings

 High Balances Here's what you need: Here's what you get:

COMPASS SAVINGS ACCOUNT

Open Now

  • Earn up to 1.26% APY1 on balances up to $20,000
  • Free Online and Mobile Banking

MONEY MARKET

Limited to 6 debit transactions per statement cycle.2

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  • $1,000 minimum balance to open
  • $7.50 Monthly Maintenance Fee
    Waived When:
    • Total relationship balance of $15,000 or more in loans, deposits or a combination with Northwest Bank or
    • Minimum daily balance of $1,000 is maintained in this account
  • Interest increases with higher balances
  • Checks available
  • Free Online and Mobile Banking 

STATEMENT SAVINGS

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  • $1 minimum balance to open
  • $2.00 Monthly Maintenance Fee
    Waived When:
    • Average daily balance for the month is above $50
  • Free ATM Card available
  • Free Online and Mobile Banking

Young saveRS Here's what you need: Here's what you get:

STUDENT SAVINGS

  • Available for students under age 23
  • Free ATM Card Available
  • Free Online and Mobile Banking

TREASURE SEEKER SAVINGS

Available for children 10 and younger
  • Grab as much pirate loot as you can...
    • Each time you bring in a deposit of$5 or more. • Plus, an extra grab once during the month of your birthday
  • Free Online and Mobile Banking

SAFETY NET here's what you need: here's what you get:

HEALTH SAVINGS ACCOUNT (HSA)

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Once you have submitted your information, a banker will contact you within 1 business day to complete opening your HSA account. 

  • $3.00 Monthly Maintenance Fee
  • Waived When:
    • Minimum daily balance of $10,000 is maintained in this account
    • Or, you hold any additional deposit or loan account with Northwest Bank
  • Must meet IRS eligibility requirements
  • Excess Transactions are not available
  • Free HSA Debit Card and Checks
  • Free Online and Mobile Banking. BillPay is available

FIRST TIME HOMEBUYER SAVINGS

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  • $1 minimum balance to open
  • $2.00 Monthly Maintenance Fee
    Waived When:
    • When average daily balance for the month is above $50
  • Available for qualifying Iowa residents towards the purchase of a first home.
  • Provides tax benefits
  • Free Online and Mobile Banking

1. Balances $20,000 and under will receive an interest rate of 1.25%. Portion of balance over $20,000 will receive an interest rate of 0.50% resulting in 1.26% - 0.80% APY. 0.80% APY based on $50,000 balance. APY varies based on account balance. Higher balances will have a lower APY. Must maintain an open and active Compass Rewards or Compass Cash account to obtain rates. 

2.Limited to 6 debit transactions per statement cycle. Each debit transaction you complete during your statement cycle that exceeds 6 will be assessed a $5.00 fee. All debit transaction types will be subject to the 6 debit transactions per statement cycle, including in-person debit transactions completed at any Northwest Bank location. Refer to separate Fee Schedule for fees that apply to other services. 

To apply online, you must be 18 or older, a U.S. citizen or resident alien, and have a U.S. address within the states of Iowa, Nebraska, Minnesota or South Dakota. You also need a Social Security Number and U.S. driver's license or state-issued ID. 

All Accounts: Policies, account features, and rates subject to change without notice. Products and pricing may vary by location. Other fees may apply.

Apply For A Loan Online

Talk about convenience, you can now complete an application for a Vehicle Loan, Home Equity Line of Credit, Home Equity Loan and Personal Loan anytime! 

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