Featured Savings Rates
Featured Accounts

West Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.75%Reward CheckingReward Me Checking
1.25%5-year CD5 Year CD
0.20%1-year CD12 Month CD

Overview / Commentary
800-810-2301
1601 22nd Street
West Des Moines, IA 50266

West Bank is headquartered in West Des Moines and is the 6th largest bank in the state of Iowa. It is also the 431st largest bank in the nation. It was established in 1893 and as of June of 2016, it had grown to 173 employees at 12 locations. West Bank 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



Health
A+

Health Grade Components

Overall
FDIC Certificate #15614
Year Established1893
Employees173
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.3%
Return on Equity - YTD14.08%
Annual Interest Income$31.7MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$1.82B$1.64B
LoansQ2 2016vs Q2 2015$1.37B$1.20B
DepositsQ2 2016vs Q2 2015$1.52B$1.38B
Equity CapitalQ2 2016vs Q2 2015$166.5MM$153.2MM
Loan Loss AllowanceQ2 2016vs Q2 2015$15.8MM$14.4MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$1.0MM$2.9MM
Real Estate OwnedQ2 2016vs Q2 2015$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 Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$10k*-Money Market
OTHER TIERS: 0.01% Up to $1k | 0.02% $1k - $5k | 0.05% $5k - $10k
0.15%*$10k*-Business Money Market
OTHER TIERS: 0.01% Up to $1k | 0.02% $1k - $5k | 0.05% $5k - $10k

West Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$30kReward Me Checking
OTHER TIERS: 0.05% $30k+
0.05%*$5m*-Income Checking
OTHER TIERS: 0.02% $25k - $5mm
0.05%*$5m*-Business Income Checking
OTHER TIERS: 0.02% $5k - $5mm

West Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$25k*-5 Year CD
OTHER TIERS: 1.00% $1k - $25k
1.00%*$25k*-4 Year CD
OTHER TIERS: 0.75% $1k - $25k
0.50%*$25k*-3 Year CD
OTHER TIERS: 0.30% $1k - $25k
0.40%*$25k*-30 Month CD
OTHER TIERS: 0.25% $1k - $25k
0.30%*$25k*-24 Month CD
OTHER TIERS: 0.20% $1k - $25k
0.25%*$25k*-18 Month CD
OTHER TIERS: 0.15% $1k - $25k
0.20%*$25k*-12 Month CD
OTHER TIERS: 0.15% $1k - $25k
0.15%*$25k*-182 Day CD
OTHER TIERS: 0.10% $1k - $25k
0.10%*$25k*-90 Day CD
OTHER TIERS: 0.05% $1k - $25k
Locations

West Bank has 11 locations. Click to view all West Bank locations.