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.
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Opened Online CD
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.
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34404 |
| Year Established | 1997 |
| Employees | 106 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 4.92% |
| Return on Equity - YTD | 28.6% |
| Annual Interest Income | $23.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $807.7MM$622.0MM |
| Loans | Q1 2019vs Q1 2018 | $541.1MM$310.5MM |
| Deposits | Q1 2019vs Q1 2018 | $638.1MM$504.2MM |
| Equity Capital | Q1 2019vs Q1 2018 | $145.8MM$106.8MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $22.4MM$7.0MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $4.4MM$1.9MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $0$0 |
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
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."
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.50% | $1k | $500k | Savings |
WebBank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.10% | $2.5k | $500k | 5 Year CD | |
| 3.00% | $2.5k | $500k | 3 Year CD | |
| 2.90% | $2.5k | $500k | 2 Year CD | |
| 2.80% | $2.5k | $500k | 1 Year CD | |
| 2.50% | $2.5k | $500k | 6 Month CD |
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