WebBank


Overview / Commentary
801-456-8350
215 S State St, Suite 1000
Salt Lake City, UT 84111

WebBank is the 966th largest bank in the nation. It was established in 1997 and as of March of 2019, it had grown to 106 employees. WebBank's savings rates are 5X the national average, and it has an A health rating.

Related Posts

WebBank's High-Yield Savings Glides Into 2.50% APY - 5/16/2019

WebBank (internet bank) has raised the rate on its High-Yield Savings Account to 2.50% APY. $1k min opening deposit and min balance. Initial funding capped at $500k.

WebBank Ups High-Yield Savings To 2.45% APY - 4/20/2019

WebBank (internet bank) has raised the rate on its High-Yield Savings to 2.45% APY. The minimum deposit required to open and earn the stated APY is $1k.

Savings Account, 2.45% APY - 4/19/2019

Savings account now earns 2.45% APY on balances of $1,000 and above. Minimum opening deposit is also $1,000. Internet bank for those "who are 18 years or older, have a valid Social Security Number or Individual Taxpayer Identification Number, and have a physical street address in the US."

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Reviews (1)

Opened Online CD

Posted by: zaqxsw | Apr 25, 2019

Very good experience opening a CD. Probably one of the quickest, simplest online methods I've experienced yet. The CD account webpages are from a common format which I've seen in other institutions. Another plus, as I immediately knew how to get around.

A small Internet bank, and somewhat laid back when communicating via phone.

If they would have broader ACH transfer rules, I'd be tempted to move my online savings accts. to them.



Health

Health Grade Components

Overall
FDIC Certificate #34404
Year Established1997
Employees106
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD4.92%
Return on Equity - YTD28.6%
Annual Interest Income$23.2MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$807.7MM$622.0MM
LoansQ1 2019vs Q1 2018$541.1MM$310.5MM
DepositsQ1 2019vs Q1 2018$638.1MM$504.2MM
Equity CapitalQ1 2019vs Q1 2018$145.8MM$106.8MM
Loan Loss AllowanceQ1 2019vs Q1 2018$22.4MM$7.0MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$4.4MM$1.9MM
Real Estate OwnedQ1 2019vs Q1 2018$0$0
  User-submitted Promotions & Notices

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.

Savings Account, 2.45% APY

Carpline   |  
Savings account now earns 2.45% APY on balances of $1,000 and above.
Minimum opening deposit is also $1,000.
Internet bank for those "who are 18 years or older, have a valid Social Security Number or Individual Taxpayer Identification Number, and have a physical street address in the US."

Rates
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Always verify rates and promotions with the bank or credit union. We are not WebBank; we are a rate comparison website and cannot provide official rates or promotions.

WebBank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$1k$500kSavings

WebBank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.10%$2.5k$500k5 Year CD
3.00%$2.5k$500k3 Year CD
2.90%$2.5k$500k2 Year CD
2.80%$2.5k$500k1 Year CD
2.50%$2.5k$500k6 Month CD
Locations

WebBank is an Internet only bank and does not have branch locations. Its headquarters is located at 215 S State St, Suite 1000 - Salt Lake City, UT 84111

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 [email protected] 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.