Bank of the West
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.80% | 5-year CD | 60 Month Premium Money Market CD |
| 0.11% | 1-year CD | 10 Month Premium Money Market CD |
| 0.01% | Savings | Classic Savings 1.65% - Barclays Online Savings Account |
Bank of the West is headquartered in San Francisco, California, and is one of the 50 largest banks in the United States. It operates through hundreds of retail and commercial locations across the country and offers a range of products and services.
On its Personal Banking side, Bank of the West offers the standard deposit accounts: Checking, Savings, CDs, and Money Markets. Its five different checking accounts vary in terms and requirements and all have a monthly service charge except for the 55 Plus Checking account. The bank offers opportunities to waive or reduce the monthly service charge by performing certain tasks like signing up for paperless statements. Its Choice Interest Checking account offers typically low interest rates. There are two Savings Account offerings – Online Savings and Classic Savings – and both come with a monthly service fee that can be waived by keeping a minimum account balance.
Bank of the West also offers a Money Market account that offers variable interest rates based on account balances. This account must be opened at a branch and comes with a monthly service charge that can be waived. It also offers CDs (Certificates of Deposit) with a variety of term lengths, from 7 days to 5 years. Interest rates on all of its deposit accounts are usually lower than the national average.
Bank of the West is held by BancWest Corporation, which is wholly owned by BNP Paribas. It also offers credit cards, loans, investment management, and retirement management services to its customers. Bank of the West online banking and mobile platforms offer personal account management via smartphone and tablet apps, mobile web, and text banking. These sophisticated platforms allow customers to transfer funds, pay bills, and manage their accounts quickly and easily. On Bank of the West’s commercial and small business sides, it offers banking solutions tailored to specific industries such as Agribusiness, Religious Institution, Healthcare, Real Estate, Title & Escrow, Financial Institutions, and Government Banking.
Bank of the West began in 1874 as Farmers National Gold Bank, nearly two decades after the culmination of the California gold rush. It changed its name once in 1880 to First National Bank of San Jose before finally transitioning to become Bank of the West in 1979.
Related Posts
7/29/13 - Another Bank of the West Checking Account Bonus - Certain States Only
7/29/13 - History of Bank of the West Promotion Bonus Payouts
2/5/13 - Another $150 Checking Bonus at Bank of the West - Certain States Only
1/22/13 - $150 Checking Account Bonus At 3 Los Angeles Bank Of The West Branches
7/31/12 - Bank of the West's $150 & $200 Checking Account Bonuses - Certain States Only
3/28/12 - Competitive 5-Year CD Rate at Bank of the West in Some States
3/19/12 - Bank of the West's Checking Account Bonus - Certain States Only
1/10/12 - Bank of the West Ends its Free Checking Account
8/8/11 - Bank of the West's $100 Checking Account Bonus - Certain States Only
4/3/11 - Bank Of The West $100 Checking Account Bonus
2/13/11 - Bank of the West's $100 Checking Account Bonus
12/23/10 - Bank Of The West - Ipod Touch Arrives Just In Time For Christmas!
11/26/10 - Update - Bank Of The West Ipod Deal
10/6/10 - iPod touch Promotion Problem At Bank Of The West
8/16/10 - Bank Of The West Ipod Touch Checking Promotion Update
7/19/10 - iPod touch Checking Account Promotion at Bank of the West - Certain States Only
7/18/10 - Bank of the West's $100 Checking Account Bonus - Certain States Only
3/10/10 - Update on Bank of the West Checking Account Bonus, Free ATMs and Online Savings Account
2/5/10 - Bank of the West Cuts Online Savings Account Rate
1/14/10 - $100 Checking Account Bonus and an Online Savings Account at Bank of the West - Update
11/6/09 - Update on Bank of the West $100 Checking Account Promotion
11/2/09 - $100 Checking Account Bonus and an Online Savings Account at Bank of the West
5/1/09 - $100 Checking Account / Direct Deposit Bonus at Bank of the West in Several States
9/11/08 - $100 Checking Account Bonus at Bank of the West
BOW is my bank of choice
I have banked with Bank of the West since it was previously commercial federal. I started with a savings account where my deposits were printed in a savings book. I have grown with the company since with every new obstacle in life. Help with my first home, my first car. They are a great company to work with!
Bank of the West Checking and Savings
I used Bank of America as my first bank account growing up. They are a small bank that cater to Washington State, Oregon, and California. I enjoyed banking with them very much. Any time I went in the tellers would know me by name and were always friendly. They have grown a little bit since I banked with them but I expect the customer service aspect will be as good as it was then. The website at the time that I banked with them wasn't the best, it didn't have all of the features that a national bank would have. Also they couldn't offer the best interest rates that the national banks offered. However they maintained free checking even when the national banks started charging or putting requirements on the free checking. Overall I think the uptick in customer service was worth the few percentage points that you lost when comparing the bank to national ones.
Bank of the west
I opened a checking account with BOTW 2 years ago. Initially no issues. Low fees for transactions and withdrawals. Nice staff inside locations. However, atms in my area are often out of work. Mobile app has been a pain. Does not work, crashes frequently, not too user friendly. The products are competetive but sometimea I wonder if going with a larger bank rather than a local one would be more convenient.
Bank of the West - Too much of a hassle to switch
My experience with Bank of the West has been less than stellar. You are just a number in their system without any personalization to your account. The only thing that is seems they care about is that you have money in your account and are making transactions. Their mobile experience is fine but they seem to be the last of the bigger banks to implement any new technology. They have mobile deposits now but it was a year or 2 after all the other banks have rolled it out. They still are not reimbursing for ATM fees which seems to have become the norm for a lot of other banks. The only reason I have not switched is because it would be such a hassle switching over all my auto payments to a new account and I don't deal in cash too often to the ATM fees is not a big deal. Once I get some free time to take care of everything and tie up loose ends, I will be moving on from Bank of the West.
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3514 |
| Year Established | 1874 |
| Employees | 10098 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.68% |
| Return on Equity - YTD | 5.03% |
| Annual Interest Income | $717.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $89.46B$83.70B |
| Loans | Q1 2018vs Q1 2017 | $60.60B$58.73B |
| Deposits | Q1 2018vs Q1 2017 | $68.79B$63.24B |
| Equity Capital | Q1 2018vs Q1 2017 | $11.95B$12.14B |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $624.3MM$608.4MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $340.9MM$335.6MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $9.4MM$21.5MM |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
One Weekly Only - 13-Month CD Special, 2.00% APY
Bank of the West: California
Premium Money Market Certificates of Deposits ****
LIMITED TIME offer only available from 4/23/2018-4/30/2018: Promotional Rate available on new 13-Month CD opened with all NEW money.
****Promotional Rate eligibility—All funds must be new to Bank of the West in order to receive this promotional CD rate.
https://www.bankofthewest.com/personal-banking/ViewFullRates.html?regionName=California&productGroupId=1089&premierProductGroupId=
Always verify rates and promotions with the bank or credit union. We are not Bank of the West; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.
Bank of the West Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.01%† | - | - | Classic Savings |
Bank of the West Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%*† | $50k* | $250k | Choice Money Market w/ Signature or Premier Checking - Relationship | ||
| OTHER TIERS: 0.04% → Up to $10k | 0.13% → $10k - $25k | 0.14% → $500k+ | 0.16% → $25k - $50k | 0.18% → $250k - $500k | |||||
| 0.18%*† | $50k* | $250k | Choice Money Market w/ Signature or Premier Checking - Relationship Premium | ||
| OTHER TIERS: 0.02% → Up to $10k | 0.03% → $1mm+ | 0.04% → $500k - $1mm | 0.08% → $250k - $500k | 0.09% → $10k - $25k | 0.11% → $25k - $50k | |||||
| 0.17%*† | $100k* | $250k | Choice Money Market w/ Checking - Relationship | ||
| OTHER TIERS: 0.04% → Up to $10k | 0.11% → $10k - $50k | 0.14% → $50k+ | 0.16% → $250k - $500k | |||||
| 0.11%*† | $1m* | - | Choice Money Market w/ Signature or Premier Checking - Standard | ||
| OTHER TIERS: 0.02% → Up to $10k | 0.04% → $10k - $25k | 0.05% → $25k - $50k | 0.07% → $50k - $250k | 0.10% → $250k - $1mm | |||||
| 0.11%*† | $1m* | - | Choice Money Market w/ Checking - Standard | ||
| OTHER TIERS: 0.02% → Up to $10k | 0.04% → $10k - $25k | 0.05% → $25k - $50k | 0.07% → $50k - $250k | 0.10% → $250k - $1mm | |||||
| 0.10%*† | $100k* | $250k | Choice Money Market w/ Checking - Relationship Premium | ||
| OTHER TIERS: 0.02% → Up to $10k | 0.03% → $1mm+ | 0.04% → $500k - $1mm | 0.06% → $25k - $500k | 0.07% → $10k - $100k | |||||
Bank of the West Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.02%*† | $25k* | - | Bank of the West Premier Checking | ||
| OTHER TIERS: 0.01% → Up to $25k | |||||
Bank of the West CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.75%*† | $25k* | - | 14 Month Premium Money Market CD | ||
| OTHER TIERS: 0.15% → $2,500 - $25k | |||||
| 0.80%† | $2,500 | - | 60 Month Premium Money Market CD | ||
| 0.75%† | $2,500 | - | 16 Month Premium Money Market CD | ||
| 0.65%† | $1k | - | 48 - 60 Month Flexible Term CD | ||
| 0.55%† | $1k | - | 36 - 47 Month Flexible Term CD | ||
| 0.45%† | $1k | - | 24 - 35 Month Flexible Term CD | ||
| 0.45%† | $2,500 | - | 24 Month Premium Money Market CD | ||
| 0.27%† | $2,500 | - | 18 Month Premium Money Market CD | ||
| 0.20%† | $2,500 | - | 15 Month Premium Money Market CD | ||
| 0.20%† | $2,500 | - | 12 Month Relationship CD | ||
| 0.15%† | $2,500 | - | 13 Month Premium Money Market CD | ||
| 0.12%† | $1k | - | 12 - 23 Month Flexible Term CD | ||
| 0.12%† | $2,500 | - | 12 Month Premium Money Market CD | ||
| 0.11%† | $2,500 | - | 8 Month Premium Money Market CD | ||
| 0.11%† | $2,500 | - | 10 Month Premium Money Market CD | ||
| 0.09%† | $1k | - | 180 - 364 Day Flexible Term CD | ||
| 0.09%† | $2,500 | - | 182 Day Premium Money Market CD | ||
| 0.05%† | $1k | - | 32 - 89 Day Flexible Term CD | ||
| 0.03%† | $1k | - | 90 - 179 Day Flexible Term CD | ||
| 0.03%† | $2,500 | - | 91 Day Premium Money Market CD | ||
Bank of the West IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.65%† | $100 | - | 48- 60 Month Flexible IRA | |
| 0.45%† | $100 | - | 24- 35 Month Flexible IRA | |
| 0.45%† | $100 | - | 24 Month Premium Money Market IRA | |
| 0.27%† | $100 | - | 18 Month Premium Money Market IRA | |
| 0.12%† | $100 | - | 12- 23 Month Flexible IRA | |
| 0.12%† | $100 | - | 12 Month Premium Money Market IRA | |
| 0.12%† | $100 | - | 12 Month IRA Add-On | |
| 0.11%† | $100 | - | 8 Month Premium Money Market IRA | |
| 0.09%† | $100 | - | 182 Day Premium Money Market IRA | |
| 0.03%† | $100 | - | 91 Day Premium Money Market IRA |
