Northwest Savings Bank Rates & Review

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Northwest Savings Bank review

Northwest Savings Bank, based in Pennsylvania, is over 100 years old and has over 170 branch locations across five states.

Northwest Savings Bank was established in 1896 and is based in Warren, Penn.

Personal banking

The bank offers a rewards checking account with which customers can earn rewards when they use their debit card. Reward points can be redeemed just like with rewards credit cards. Other checking account options include interest or non-interest bearing checking accounts.

Bank savings account options include statement and passbook savings, and short-term savings clubs for holiday or vacation savings. For long-term savings, the bank offers CD accounts, IRAs, and FDIC-insured money funds. Retirement savings accounts include the 401(k), SEP and SIMPLE accounts.

This bank has personal and home loans, online banking with bill pay and e-statements, mobile banking, three types of credit cards and direct deposit.

Business banking

Businesses that bank with Northwest Savings Bank have a variety of products and services at their disposal. Checking accounts include a rewards account similar to that for personal banking. Services include escrow management, payroll direct deposit, business loans, merchant services, express deposits and business credit cards.

Awards and achievements

In 2010 this bank was ranked highest in customer satisfaction in the Mid-Atlantic Region by J.D. Power and Associates. They also received a town beautification award for the way that their Gates, Mass. location contributes to the aesthetic appeal of the area.

Deposit insurance

Northwest Savings Bank is a member bank of the Federal Deposit Insurance Corporation. FDIC coverage for eligible deposits was permanently increased from $100,000 to $250,000 per depositor in July 2010. Joint accounts are insured by FDIC up to at least $250,000 per account holder.

  • Account Type
  • APY
  • Adverstiser Comments
  • Savings
  • 0.10%
    Min to Earn APY: $100
  • Statement Savings - Rate collected within: 16365 (PA)
  • Checking Account
  • 0.05%
    Min to Earn APY: $1,000
  • Interest Checking - Rate collected within: 16365 (PA)
  • CD Rates
  • 12 - 17 Months Certificates of Deposit - Rate collected within: 16365 (PA).
  • Term
  • APY
  • Min. To Earn APY
  • Compounding Method
    • 1 year
    • 0.20%
    • $0
    • Compounding Daily
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