Bank of the West

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
0.80%	5-year CD	3.10% - Synchrony Bank 60 Month CD
0.11%	1-year CD	2.50% - Synchrony Bank 12 Month CD
0.01%	Savings	1.90% - American Express National Bank High Yield Savings Account

View all Bank of the West rates »

Overview / Commentary

www.bankofthewest.com

415-765-4886

295 Bush Street
San Francisco, CA 94104

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.

This may be only available in California. I couldn't find it on BotW's website. CSRs I spoke with didn't know anything about this Special, as it wasn't on their cheat sheet. Live Chat was down and my call to a "CD Specialist" went unanswered. At that point, I gave up. 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=

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2018
2017
2016
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4/23 - One Weekly Only - 13-Month CD Special, 2.00% APY

3/6 - Bank of the West Offers $150 And $300 Checking Bonuses

7/12 - $300 And $150 Checking Bonuses At Bank Of The West

Reviews (40)

Featured Account Options

Excellent Customer Service

Posted by: norcal | Jul 3, 2017

Very much a traditional bank. Even though it's a major regional chain, the branches have a very friendly feel. Staff is empowered to help you with whatever you need. Deposit accounts are pretty much standard, with relatively low interest rates to match. Probably best for everyday banking and the wide range of services that a bank can offer.

Nice feature: Bank of the West ATMs give both $5 and $20 bills.

Comment

3

Bank of the West Checking and Savings

Posted by: Caliware | Apr 29, 2018

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.

Comment

1

Bank of the west

Posted by: diannahoward85 | May 24, 2018

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.

Comment

1

BOW is my bank of choice

Posted by: tiffanioconnell | Apr 8, 2018

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!

Comment

1

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Health

A+

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	3514
Year Established	1874
Employees	10095
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.77%
Return on Equity - YTD	5.76%
Annual Interest Income	$1.47B

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$89.56B$86.91B
Loans	Q2 2018vs Q2 2017	$60.78B$59.71B
Deposits	Q2 2018vs Q2 2017	$68.56B$64.08B
Equity Capital	Q2 2018vs Q2 2017	$11.96B$12.21B
Loan Loss Allowance	Q2 2018vs Q2 2017	$614.8MM$604.1MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$308.6MM$348.6MM
Real Estate Owned	Q2 2018vs Q2 2017	$9.0MM$18.2MM

Rates

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Savings
Money Market
Checking
CD
IRA

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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
0.21%^*^†	$1m^*	-	Choice Money Market w/ Checking - Standard
OTHER TIERS: 0.05% → Up to $10k \| 0.14% → $10k - $25k \| 0.15% → $25k - $50k \| 0.17% → $50k - $250k \| 0.20% → $250k - $1m

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
2.25%^†	$25k	-	14 Month Premium Money Market CD Special
1.75%^†	$2.5k	-	16 Month Premium Money Market CD
0.80%^†	$2.5k	-	60 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%^†	$2.5k	-	24 Month Premium Money Market CD
0.27%^†	$2.5k	-	18 Month Premium Money Market CD
0.20%^†	$2.5k	-	15 Month Premium Money Market CD
0.20%^†	$2.5k	-	12 Month Relationship CD
0.15%^†	$2.5k	-	13 Month Premium Money Market CD
0.15%^†	$2.5k	$25k	14 Month Premium Money Market CD
0.12%^†	$1k	-	12 - 23 Month Flexible Term CD
0.12%^†	$2.5k	-	12 Month Premium Money Market CD
0.11%^†	$2.5k	-	8 Month Premium Money Market CD
0.11%^†	$2.5k	-	10 Month Premium Money Market CD
0.09%^†	$1k	-	180 - 364 Day Flexible Term CD
0.09%^†	$2.5k	-	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%^†	$2.5k	-	91 Day Premium Money Market CD

Bank of the West IRA Rates

APY	MIN	MAX	ACCOUNT NAME
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

Locations

Availability

San Francisco Bay Area

San Francisco Bay Area bank & credit union details

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.