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West Bank

Popular Accounts at this Bank

0.75%Reward CheckingReward Me Checking
1.50%5-year CD5 Year CD
0.50%1-year CD12 Month CD

Overview / Commentary
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 439th largest bank in the nation. It was established in 1893 and as of September of 2016, it had grown to 166 employees at 12 locations. West Bank has an A health rating.

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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.


- Ease of account opening

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

- Excellent BillPay feature

- Good customer service


- No starter free checks

- Now limited only to Iowa residents


Health Grade Components

FDIC Certificate #15614
Year Established1893
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.31%
Return on Equity - YTD14.09%
Annual Interest Income$48.4MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$1.81B$1.72B
LoansQ3 2016vs Q3 2015$1.37B$1.23B
DepositsQ3 2016vs Q3 2015$1.50B$1.40B
Equity CapitalQ3 2016vs Q3 2015$169.4MM$156.1MM
Loan Loss AllowanceQ3 2016vs Q3 2015$16.0MM$14.7MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$1.0MM$1.4MM
Real Estate OwnedQ3 2016vs Q3 2015$0$0
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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.

West Bank Savings Account Rates

0.10%*$250k*- Savings
OTHER TIERS: 0.01% Up to $5k | 0.03% $5k - $25k | 0.05% $25k - $250k

West Bank Money Market Rates

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

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

1.50%*$25k*-5 Year CD
OTHER TIERS: 1.25% $1k - $25k
1.35%*$25k*-4 Year CD
OTHER TIERS: 1.20% $1k - $25k
1.20%*$25k*-3 Year CD
OTHER TIERS: 1.00% $1k - $25k
1.10%*$25k*-30 Month CD
OTHER TIERS: 0.90% $1k - $25k
1.00%*$25k*-24 Month CD
OTHER TIERS: 0.80% $1k - $25k
0.75%*$25k*-18 Month CD
OTHER TIERS: 0.50% $1k - $25k
0.50%*$25k*-12 Month CD
OTHER TIERS: 0.40% $1k - $25k
0.25%*$25k*-182 Day CD
OTHER TIERS: 0.20% $1k - $25k
0.15%*$25k*-90 Day CD
OTHER TIERS: 0.10% $1k - $25k

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