Bank of the West

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60 Month Premium Money Market CD

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Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.80%	5-year CD	60 Month Premium Money Market CD 2.35% - Synchrony Bank 60 Month CD
0.11%	1-year CD	10 Month Premium Money Market CD 1.50% - Ally Bank No Penalty 11-Month CD
0.01%	Savings	Classic Savings 1.30% - Goldman Sachs Bank USA Online Savings

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Overview / Commentary

www.bankofthewest.com

800-488-2265

180 Montgomery 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.

Reviews (34)

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

1

Banking at Bank of the West

Posted by: carolinamack | Mar 30, 2017

From the time I opened my first checking out I have used four different banks. From being a high school student, being married, moving states and becoming separated. I have opened accounts at different times in my life. This last time I found myself in a very emotional state and had to open an account with Bank of the West. The customer service was fantastic from the moment I walked into the door. They took the time to greet me and point me in the direction I needed to go. After I picked the plan I wanted for my checking they explained to me the benefits and cost of my checking account. Then they helped me set up my online banking to make balancing, withdrawing, paying bills and depositing easier. Within days I had my pin number and debit card in the mail and had easy acces to signing up.

Comment

1

BOTW Review

Posted by: thusgat | Nov 12, 2016

I have been banking with Bank of The West for nearly three years now. Their system is sufficient for me but I am admittedly a low maintenance banker. The main thing I look for in a bank is a bank with outstanding customer service and an efficient online banking system. Another thing that is important when choosing a bank for me is accountability and ethical track record. For instance, I would never give my business to a bank with a previous history of ethical violations (like the recent Wells Fargo scandal). If it was revealed that my bank had done so, I would find another bank. Opening an account at BOTW was easy and took only 30 minutes or so. Their customer service attendants were kind and didn't seem pushy. One thing that they could improve on is more abundant ATMs, as it is difficult to find a BOTW ATM. Overall, I am pleased with BOTW at this point in time.

Comment

1

Bank Is Difficult To Use, Has Lots Of Fees, And Have Policies To Cause You To Forfeit Your Interest Earnings

Posted by: jhough46 | Dec 20, 2010

Bank of the West is extremely slow, and painful to work with. To begin with, it took almost a week of determined effort for me to just open an online account. I made the effort only because I needed to use a particular branch in a small town where I was doing some business. Otherwise, I would have given up.

They have LOTS of fees of all kinds, and those are difficult to keep track of.

If you close your account, make sure you ask about when the interest accrued in the account will be posted. If you close the account before the posting date, ALL your interest is forfeited for the entire period. The bank representative closing the account will not warn you about that.

Comment

16

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Health

A+

Data as of Q2 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	3514
Year Established	1874
Employees	10094
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.61%
Return on Equity - YTD	4.27%
Annual Interest Income	$1.30B

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$86.91B$80.46B
Loans	Q2 2017vs Q2 2016	$59.71B$55.88B
Deposits	Q2 2017vs Q2 2016	$64.08B$57.57B
Equity Capital	Q2 2017vs Q2 2016	$12.21B$12.48B
Loan Loss Allowance	Q2 2017vs Q2 2016	$604.1MM$577.5MM
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$348.6MM$295.9MM
Real Estate Owned	Q2 2017vs Q2 2016	$18.2MM$13.7MM

Rates

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* 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
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
0.11%^*^†	$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 - Relationship
OTHER TIERS: 0.02% → Up to $10k \| 0.04% → $10k - $25k \| 0.05% → $25k - $50k \| 0.07% → $50k - $250k \| 0.10% → $250k - $1mm

Bank of the West Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.02%^*^†	$50k^*	-	Bank of the West Premier Checking
OTHER TIERS: 0.01% → Up to $50k
0.01%^†	-	-	Choice Interest Checking

Bank of the West CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%^†	$2,500	-	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%^†	$2,500	-	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
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