Westbound Bank

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REVIEWS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.95%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
1.00%	1-year CD	12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD
0.20%	Savings	Classic Savings 1.15% - CIT Bank Spring Savings

View all Westbound Bank rates »

Overview / Commentary

www.westboundbank.com

713-554-7615

655 West Grand Parkway South
Katy, TX 77494

Westbound Bank is headquartered in Katy and is the 249^th largest bank in the state of Texas. It is also the 2,976^th largest bank in the nation. It was established in 2007 and as of March of 2017, it had grown to 36 employees at 4 locations. Westbound Bank's money market rates are 70% higher than the national average, and it boasts an A+ health rating.

Great Friendly Customer Oriented Bank

Posted by: rewardntx | Dec 29, 2010

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!

Comment

6

You Got Me Caught Me Looking Westbound Business Advantage And The Classic Money Market One Could

Posted by: Anonymous | Dec 1, 2009

You got me Caught me looking Westbound Business Advantage and the Classic Money Market one could only wish

Comment

1

Health

A+

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	58417
Year Established	2007
Employees	36
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.92%
Return on Equity - YTD	7.94%
Annual Interest Income	$2.0MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$202.3MM$162.3MM
Loans	Q1 2017vs Q1 2016	$139.2MM$103.9MM
Deposits	Q1 2017vs Q1 2016	$168.1MM$138.9MM
Equity Capital	Q1 2017vs Q1 2016	$23.0MM$22.5MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$1.8MM$1.7MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$320.00K$0
Real Estate Owned	Q1 2017vs Q1 2016	$0$60.00K

Rates

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Money Market
Checking
CD
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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
0.75%^*	$95k^*	-	Classic Money Market
OTHER TIERS: 0.35% → $2,500 - $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
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
1.95%	$1k	-	60 Month CD
1.95%	$1k	-	60 Month Business CD
1.70%	$1k	-	48 Month CD
1.70%	$1k	-	48 Month Business CD
1.55%	$1k	-	36 Month CD
1.55%	$1k	-	36 Month Business CD
1.40%	$1k	-	30 Month CD
1.40%	$1k	-	30 Month Business CD
1.35%	$1k	-	24 Month CD
1.35%	$1k	-	24 Month Business CD
1.14%	$1k	-	18 Month CD
1.14%	$1k	-	18 Month Business CD
1.00%	$1k	-	12 Month CD
1.00%	$1k	-	12 Month Business CD
0.50%	$1k	-	180 Day CD
0.50%	$1k	-	180 Day Business CD
0.40%	$1k	-	90 Day CD
0.40%	$1k	-	90 Day Business CD
0.35%	$1k	-	60 Day CD
0.35%	$1k	-	60 Day Business CD
0.30%	$1k	-	30 Day CD
0.30%	$1k	-	30 Day Business CD

Westbound Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
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

Locations

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