West Shore Bank

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.westshorebank.com

231-845-3500

201 West Loomis Street
Ludington, MI 49431-0627

West Shore Bank is headquartered in LUDINGTON and is the 21^st largest bank in the state of Michigan. It is also the 1,275^th largest bank in the nation. It was established in 1898 and as of March of 2025, it had grown to 125 employees at 9 locations. West Shore Bank's money market rates are 7X the national average, and it has an A health rating.

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Health

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	14929
Year Established	1898
Employees	125
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.69%
Return on Equity - YTD	8.65%
Annual Interest Income	$10.2MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$778.5MM$733.6MM
Loans	Q1 2025vs Q1 2024	$586.3MM$513.4MM
Deposits	Q1 2025vs Q1 2024	$658.6MM$600.4MM
Equity Capital	Q1 2025vs Q1 2024	$62.5MM$53.9MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$5.7MM$5.5MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$275K$322K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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CD
IRA

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

West Shore Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
3.25%^*	$250k^*	-	Money Market Account Special w/ Checking
OTHER TIERS: 1.00% → $0 - $25k \| 2.00% → $25k - $100k \| 2.75% → $100k - $250k
3.00%^*	$250k^*	-	Money Market Account Special w/o Checking
OTHER TIERS: 0.75% → $0 - $25k \| 1.75% → $25k - $100k \| 2.50% → $100k - $250k

West Shore Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.15%	$500	-	3 Month Relationship CD Special
4.05%	$500	-	6 Month Relationship CD Special
3.35%	$500	-	12 Month Relationship CD Special
3.00%	$500	-	3 Month CD
2.78%	$500	-	60 Month CD
2.75%	$500	-	6 Month CD
2.52%	$500	-	24 Month CD
2.52%	$500	-	36 Month CD
2.52%	$500	-	48 Month CD
2.50%	$500	-	9 Month CD
2.27%	$500	-	18 Month CD
2.25%	$500	-	12 Month CD

West Shore Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.52%	$500	-	24 Month Fixed Rate IRA
2.52%	$500	-	36 Month Fixed Rate IRA
2.52%	$500	-	48 Month Fixed Rate IRA
2.02%	$500	-	12 Month Fixed Rate IRA

Locations

West Shore Bank Locations
Scottville Branch	107-109 West State Street	Scottville, MI 49454
West Shore Bank	201 W Loomis St	Ludington, MI 49431
Cypress Street Branch	306 Cypress Street	Manistee, MI 49660
Hart Branch	4070 West Polk Road	Hart, MI 49420
Manistee Branch	415 Parkdale	Manistee, MI 49660
Ludington Branch	5725 West U.S. 10	Pere Marquette Township, MI 49431
Frankfort Branch	501 Main Street	Frankfort, MI 49635
Onekama Branch	4945 Main Street	Onekama, MI 49675
Traverse City Branch	400 E. Eighth Street	Traverse City, MI 49686

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