Westbound Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.85% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
| 0.90% | 1-year CD | 12 Month CD 1.05% - Ally Bank High Yield 12-Month CD |
| 0.20% | Savings | Classic Savings 1.00% - Ally Bank Online Savings Account |
Westbound Bank is headquartered in Katy and is the 270th largest bank in the state of Texas. It is also the 3,262nd largest bank in the nation. It was established in 2007 and as of June of 2016, it had grown to 37 employees at 4 locations. Westbound Bank's money market rates are 70% higher than the national average, and it has an A health rating.
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Great Friendly Customer Oriented Bank
Opened both a personal and commercial account.
Easy and friendly staff, felt like they really care about my relationship. They now know my name, whenever I do walk into the branch, which is not often.
They have all the latest electronic banking, including Remote Deposit banking.
I think they call it Remote Deposit Capture, which allows a business, such as mine, to make deposits of Checks from my office using a computer and a simple scanner. The deposits show up in my account the same day. This sames me time (which means money) for a small fee. Also, I don't have to send an employee to the bank.
They have some of the best rates in town on loans and deposits.
They also offer Small Business Administration loans, which I am applying for in the Houston area.
I wish my former "BIG" Bank would catch a clue from these local community banker guys.
I don't need a bank branch on every corner or even near me, as the remote deposit allows me to conduct all my banking business thru it or online. Since I rarely need cash in my business, this is a great option.
I hated waiting in those long lines at Big Bank to make a simple check deposit.
The only minor drawback is that they always ask for identification when I conduct large transactions, but I guess that is for my safety and all the governmental regulations.
Thanks Westbound Bank!
You Got Me Caught Me Looking Westbound Business Advantage And The Classic Money Market One Could
You got me Caught me looking Westbound Business Advantage and the Classic Money Market one could only wish
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58417 |
| Year Established | 2007 |
| Employees | 37 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.38% |
| Return on Equity - YTD | 2.85% |
| Annual Interest Income | $3.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $174.7MM$163.3MM |
| Loans | Q2 2016vs Q2 2015 | $120.4MM$102.4MM |
| Deposits | Q2 2016vs Q2 2015 | $136.9MM$137.6MM |
| Equity Capital | Q2 2016vs Q2 2015 | $22.7MM$24.6MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $1.7MM$1.7MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $0$86.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$51.00K |
Always verify rates and promotions with the bank or credit union. We are not Westbound 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.
Westbound Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | - | - | Classic Savings |
Westbound Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | $95k* | - | Classic Money Market | ||
| OTHER TIERS: 0.35% → $3k - $10k | 0.40% → $10k - $25k | 0.45% → $25k - $50k | 0.60% → $50k - $95k | |||||
| 0.75%* | $95k* | - | Westbound Business Advantage | ||
| OTHER TIERS: 0.35% → $3k - $10k | 0.40% → $10k - $25k | 0.45% → $25k - $50k | 0.60% → $50k - $95k | |||||
Westbound Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $2k* | - | Performance Interest Checking | ||
| OTHER TIERS: 0.05% → Up to $2k | |||||
| 0.10% | $2,500 | - | Business IOLTA Account | ||
| 0.10% | $2k | - | Business Interest Checking | ||
| 0.05% | - | - | Value Checking | ||
Westbound Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.85% | $1k | - | 60 Month CD | |
| 1.85% | $1k | - | 60 Month Business CD | |
| 1.60% | $1k | - | 48 Month CD | |
| 1.60% | $1k | - | 48 Month Business CD | |
| 1.50% | $1k | - | 36 Month CD | |
| 1.50% | $1k | - | 36 Month Business CD | |
| 1.35% | $1k | - | 30 Month CD | |
| 1.35% | $1k | - | 30 Month Business CD | |
| 1.25% | $1k | - | 24 Month CD | |
| 1.25% | $1k | - | 24 Month Business CD | |
| 0.95% | $1k | - | 18 Month CD | |
| 0.95% | $1k | - | 18 Month Business CD | |
| 0.90% | $1k | - | 12 Month CD | |
| 0.90% | $1k | - | 12 Month Business CD | |
| 0.45% | $1k | - | 180 Day CD | |
| 0.45% | $1k | - | 180 Day Business CD | |
| 0.35% | $1k | - | 90 Day CD | |
| 0.35% | $1k | - | 90 Day Business CD | |
| 0.10% | $1k | - | 60 Day CD | |
| 0.10% | $1k | - | 60 Day Business CD | |
| 0.05% | $1k | - | 30 Day CD | |
| 0.05% | $1k | - | 30 Day Business CD |
Westbound Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.85% | $500 | - | 60 Month IRA | |
| 1.60% | $500 | - | 48 Month IRA | |
| 1.50% | $500 | - | 36 Month IRA | |
| 1.25% | $500 | - | 24 Month IRA | |
| 0.90% | $500 | - | 12 Month IRA |
| Westbound Bank Locations | ||
|---|---|---|
| Bellaire Office Branch | 5231 Bellaire Blvd. | Bellaire, TX 77401 |
| Westbound Bank | 655 West Grand Parkway South | Katy, TX 77494 |
| Northwest Branch | 15001 Fm 529 | Houston, TX 77095 |
| Conroe Office Branch | 244 S Loop 336 W | Conroe, TX 77304 |