2. West Bank

West Bank


Overview / Commentary
www.westbankstrong.com
515-222-2300
1601 22nd Street
West Des Moines, IA 50266

West Bank is headquartered in West Des Moines and is the 5th largest bank in the state of Iowa. It is also the 372nd largest bank in the nation. It was established in 1893 and as of June of 2019, it had grown to 175 employees at 15 locations. West Bank's money market rates are 2X the national average, and it has an A health rating.

Related Posts

View all posts from:


Reviews (1)

Bank Review: West Bank (Iowa)

Posted by: 51hh | Jun 18, 2010

We opened three "Reward Me" Checking Accounts when the RCA was nationally available with the (4.5%, $50K) offer.  This is a very friendly bank with excellent customer service.  A VP opened our accounts and followed through the entire process, she is also personally available to answer our additional questions.  The no-pin debit card requirement is reasonable (to reduce fraud).  They have recently upgrade their website as well as their BillPay system, the BillPay system is the best set that many top-notvh banks (e.g., Danversbank, Rockland FCU) employ.  The turn-around for their BillPay is pretty short and absolutely reliable. 

They lowered their interest rate and limit several months ago, now (4.0% APY, $30K) and restrict applicants to Iowa residents only.  We moved our fund out of the WB Accounts (to seek higher rates), but still keep the three accounts open in case their rate becomes competitive in the future.

Pros:

- Ease of account opening

- Generous on debit card transactions (multiple charges with small amounts are perefctly fine!)

- Excellent BillPay feature

- Good customer service

Cons:

- No starter free checks

- Now limited only to Iowa residents

3


Health
A

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #15614
Year Established1893
Employees175
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.24%
Return on Equity - YTD12.75%
Annual Interest Income$48.0MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$2.36B$2.20B
LoansQ2 2019vs Q2 2018$1.78B$1.52B
DepositsQ2 2019vs Q2 2018$1.97B$1.90B
Equity CapitalQ2 2019vs Q2 2018$229.3MM$216.8MM
Loan Loss AllowanceQ2 2019vs Q2 2018$16.7MM$16.5MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.6MM$2.1MM
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not West Bank; 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.

West Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*†$250k*-Savings
OTHER TIERS: 0.05% → Up to $25k | 0.10% → $25k - $50k | 0.15% → $50k - $100k | 0.25% → $100k - $250k
0.50%*†$250k*-Business Savings
OTHER TIERS: 0.05% → Up to $25k | 0.10% → $25k - $50k | 0.15% → $50k - $100k | 0.25% → $100k - $250k

West Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*†$10m*-Money Market
OTHER TIERS: 0.05% → Up to $10k | 0.25% → $10k - $100k | 0.45% → $100k - $500k | 0.55% → $500k - $1m | 0.90% → $1m - $10m
1.00%*†$10m*-Business Money Market
OTHER TIERS: 0.05% → Up to $10k | 0.25% → $10k - $100k | 0.45% → $100k - $500k | 0.55% → $500k - $1m | 0.90% → $1m - $10m

West Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%-$30kReward Me Checking

West Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*†$250k*-36 Month CD
OTHER TIERS: 1.25% → $1k - $25k | 1.60% → $25k - $100k | 1.75% → $100k - $250k
2.00%*†$250k*-48 Month CD
OTHER TIERS: 1.50% → $1k - $25k | 1.60% → $25k - $100k | 1.75% → $100k - $250k
2.00%*†$250k*-60 Month CD
OTHER TIERS: 1.50% → $1k - $25k | 1.60% → $25k - $100k | 1.75% → $100k - $250k
2.00%*†$250k*-Business 36 Month CD
OTHER TIERS: 1.25% → $1k - $25k | 1.60% → $25k - $100k | 1.75% → $100k - $250k
2.00%*†$250k*-Business 48 Month CD
OTHER TIERS: 1.50% → $1k - $25k | 1.60% → $25k - $100k | 1.75% → $100k - $250k
2.00%*†$250k*-Business 60 Month CD
OTHER TIERS: 1.50% → $1k - $25k | 1.60% → $25k - $100k | 1.75% → $100k - $250k
1.90%*†$250k*-24 Month CD
OTHER TIERS: 1.25% → $1k - $25k | 1.35% → $25k - $100k | 1.50% → $100k - $250k
1.90%*†$250k*-30 Month CD
OTHER TIERS: 1.25% → $1k - $25k | 1.35% → $25k - $100k | 1.50% → $100k - $250k
1.90%*†$250k*-Business 24 Month CD
OTHER TIERS: 1.25% → $1k - $25k | 1.35% → $25k - $100k | 1.50% → $100k - $250k
1.90%*†$250k*-Business 30 Month CD
OTHER TIERS: 1.25% → $1k - $25k | 1.35% → $25k - $100k | 1.50% → $100k - $250k
1.75%*†$250k*-12 Month CD
OTHER TIERS: 1.25% → $1k - $25k | 1.35% → $25k - $100k | 1.50% → $100k - $250k
1.75%*†$250k*-18 Month CD
OTHER TIERS: 1.25% → $1k - $25k | 1.35% → $25k - $100k | 1.50% → $100k - $250k
1.75%*†$250k*-6 Month CD
OTHER TIERS: 1.00% → $1k - $25k | 1.25% → $25k - $100k | 1.50% → $100k - $250k
1.75%*†$250k*-Business 6 Month CD
OTHER TIERS: 1.00% → $1k - $25k | 1.25% → $25k - $100k | 1.50% → $100k - $250k
1.75%*†$250k*-Business 12 Month CD
OTHER TIERS: 1.25% → $1k - $25k | 1.35% → $25k - $100k | 1.50% → $100k - $250k
1.75%*†$250k*-Business 18 Month CD
OTHER TIERS: 1.25% → $1k - $25k | 1.35% → $25k - $100k | 1.50% → $100k - $250k
1.55%*†$250k*-3 Month CD
OTHER TIERS: 0.50% → $1k - $25k | 0.75% → $25k - $100k | 1.25% → $100k - $250k
1.55%*†$250k*-Business 3 Month CD
OTHER TIERS: 0.50% → $1k - $25k | 0.75% → $25k - $100k | 1.25% → $100k - $250k
Locations

Availability



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.