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 5^th largest bank in the state of Iowa. It is also the 324^th largest bank in the nation. It was established in 1893 and as of March of 2024, it had grown to 179 employees at 12 locations. West Bank's savings rates are 8X the national average, and it has an A health rating.

View all posts from:

2011
2010
2009

11/15 - West Bank Iowa 2% As Of 11/25/11; Was 3%

7/14 - West Bank Reward Checking Rate Reduction

9/25 - High-Yield Reward Checking Account at an Iowa Bank (West Bank)
8/14 - Update on SmartyPig's High Yield Savings Account
5/28 - High Yield Savings Account with Some Twists at SmartyPig

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Health

Data as of Q1 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	15614
Year Established	1893
Employees	179
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.75%
Return on Equity - YTD	8.68%
Annual Interest Income	$44.6MM

Assets and Liabilities
Assets	Q1 2024vs Q1 2023	$3.96B$3.62B
Loans	Q1 2024vs Q1 2023	$2.95B$2.73B
Deposits	Q1 2024vs Q1 2023	$3.07B$2.8B
Equity Capital	Q1 2024vs Q1 2023	$332.7MM$329.3MM
Loan Loss Allowance	Q1 2024vs Q1 2023	$28.4MM$27.9MM
Unbacked Noncurrent Loans	Q1 2024vs Q1 2023	$289K$316K
Real Estate Owned	Q1 2024vs Q1 2023	$0$0

Rates

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Savings
Money Market
Checking
CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

West Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
4.07%^*	$250k^*	-	Premier Savings
OTHER TIERS: 0.50% → $25k - $50k \| 1.01% → $50k - $100k \| 3.04% → $100k - $250k
0.45%^*	$250k^*	-	Savings
OTHER TIERS: 0.15% → $0 - $5k \| 0.20% → $5k - $25k \| 0.25% → $25k - $50k \| 0.30% → $50k - $100k \| 0.35% → $100k - $250k
0.45%^*	$250k^*	-	Business Savings
OTHER TIERS: 0.15% → $0 - $5k \| 0.20% → $5k - $25k \| 0.25% → $25k - $50k \| 0.30% → $50k - $100k \| 0.35% → $100k - $250k

West Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
2.53%^*	$1m^*	-	Money Market
OTHER TIERS: 0.50% → $0 - $10k \| 1.00% → $10k - $100k \| 1.71% → $100k - $500k \| 2.02% → $500k - $1m
2.53%^*	$1m^*	-	Business Money Market
OTHER TIERS: 0.50% → $0 - $10k \| 1.00% → $10k - $100k \| 1.71% → $100k - $500k \| 2.02% → $500k - $1m

West Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.30%	$0	$30k	Reward Me Checking

West Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.30%^*	$250k^*	-	12 Month CD
OTHER TIERS: 2.95% → $1k - $25k \| 3.00% → $25k - $100k \| 3.15% → $100k - $250k
3.30%^*	$250k^*	-	Business 12 Month CD
OTHER TIERS: 2.95% → $1k - $25k \| 3.00% → $25k - $100k \| 3.15% → $100k - $250k
3.23%^*	$250k^*	-	6 Month CD
OTHER TIERS: 2.87% → $1k - $25k \| 2.92% → $25k - $100k \| 3.07% → $100k - $250k
3.23%^*	$250k^*	-	Business 6 Month CD
OTHER TIERS: 2.87% → $1k - $25k \| 2.92% → $25k - $100k \| 3.07% → $100k - $250k
3.19%^*	$250k^*	-	3 Month CD
OTHER TIERS: 2.83% → $1k - $25k \| 2.88% → $25k - $100k \| 3.03% → $100k - $250k
3.19%^*	$250k^*	-	Business 3 Month CD
OTHER TIERS: 2.83% → $1k - $25k \| 2.88% → $25k - $100k \| 3.03% → $100k - $250k
2.90%^*	$250k^*	-	18 Month CD
OTHER TIERS: 2.55% → $1k - $25k \| 2.60% → $25k - $100k \| 2.75% → $100k - $250k
2.90%^*	$250k^*	-	Business 18 Month CD
OTHER TIERS: 2.55% → $1k - $25k \| 2.60% → $25k - $100k \| 2.75% → $100k - $250k
2.80%^*	$250k^*	-	24 Month CD
OTHER TIERS: 2.45% → $1k - $25k \| 2.50% → $25k - $100k \| 2.65% → $100k - $250k
2.80%^*	$250k^*	-	Business 24 Month CD
OTHER TIERS: 2.45% → $1k - $25k \| 2.50% → $25k - $100k \| 2.65% → $100k - $250k
2.65%^*	$250k^*	-	30 Month CD
OTHER TIERS: 2.30% → $1k - $25k \| 2.35% → $25k - $100k \| 2.50% → $100k - $250k
2.65%^*	$250k^*	-	Business 30 Month CD
OTHER TIERS: 2.30% → $1k - $25k \| 2.35% → $25k - $100k \| 2.50% → $100k - $250k
2.45%^*	$250k^*	-	36 Month CD
OTHER TIERS: 2.10% → $1k - $25k \| 2.15% → $25k - $100k \| 2.30% → $100k - $250k
2.45%^*	$250k^*	-	Business 36 Month CD
OTHER TIERS: 2.10% → $1k - $25k \| 2.15% → $25k - $100k \| 2.30% → $100k - $250k
2.30%^*	$250k^*	-	48 Month CD
OTHER TIERS: 1.95% → $1k - $25k \| 2.00% → $25k - $100k \| 2.15% → $100k - $250k
2.30%^*	$250k^*	-	Business 48 Month CD
OTHER TIERS: 1.95% → $1k - $25k \| 2.00% → $25k - $100k \| 2.15% → $100k - $250k
2.15%^*	$250k^*	-	60 Month CD
OTHER TIERS: 1.80% → $1k - $25k \| 1.85% → $25k - $100k \| 2.00% → $100k - $250k
2.15%^*	$250k^*	-	Business 60 Month CD
OTHER TIERS: 1.80% → $1k - $25k \| 1.85% → $25k - $100k \| 2.00% → $100k - $250k

Locations

Availability

Des Moines Area

Des Moines Area bank & credit union details

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