Western State Bank
Online Savings Account - 4.50% APY
• Earn up to 10x the national average
• No monthly fees
• Multiple fund transfer options
• North Dakota-based phone and email customer service
• No promotional rate periods
• 24/7 online access to the money
• No minimum balance $5,000 initial deposit required
Fee and Feature Guide
|
Savings Account |
Interest Rate |
|
APY |
4.50% |
Minimum deposit amount |
$0.00 |
Maximum deposit amount |
N/A |
Balance Requirements |
|
Minimum Opening Deposit |
$0.00
|
Minimum Balance to Avoid Fees |
$0.00 |
Minimum Required Balance |
$0.00 |
Minimum To Earn |
$0.00 |
Fees |
|
Monthly Maintenance Fee |
N/A |
Foreign ATM Fees |
N/A |
Insufficient Funds Fee |
N/A
|
Incoming Wires |
N/A
|
Statements |
|
Paper Statements |
× |
Online Statements |
Yes |
Online and Telephone Banking |
|
Online Banking |
Yes |
Telephone Banking |
Yes |
Mobile Banking |
Yes |
Deposit Checks with Mobile Device |
Yes |
Free Bill Pay |
× |
Online Bill Payments Required |
× |
Account Opening |
|
Open Online |
Yes |
Insured by |
F.D.I.C.
|
Cons
- Bank will ask for extensive information to verify identity and may do a hard credit pull before opening a money market account.
Recent Rate Changes
Date
|
APY
|
October 29, 2024 |
4.50%
|
August 16, 2024 |
4.85%
|
August 20, 2023 |
5.15%
|
Customer Reviews for Western State Bank (11)
Jean-Marc
November 10, 2023 |
Just found out after submitting all my personal information:
"Western also allows one free outgoing wire per month."
"External transfers from Western State Bank Online Banking: After 60 days you will have access to External Transfer where you can add up to five external accounts and transfer money back and forth. The limits are $5,000 per day ($10,000 per 30-day period) transferred in and $10,000 per day ($20,000 per 30-day period) transferred out."
Not a good fit if you have a little bit of savings.
Is this review helpful? Yes:2 / No: 0
PhilD
August 1, 2023 |
Western State Bank is an outstanding bank, but like others I found they would not honor online rates in the branch.
Is this review helpful? Yes:0 / No: 0
jeff
January 6, 2023 |
I did not find this rate anywhere. They knew nothing about it at branch in Fargo.
Is this review helpful? Yes:1 / No: 0
TRUMP LIES, WE DIE
November 12, 2020 | | Replies 1
Rate has remained competitive and they are easy to work with.
Is this review helpful? Yes:4 / No: 2
| May 18, 2021
What an idiot name.
Travel USA
February 22, 2020 |
I have had an account with WSB for a couple of years. They have terrific customer service and good yield on moneymarket.
I do recommend WESTERN STATE BANK ( and, no, I do not work there!! )
Is this review helpful? Yes:2 / No: 2
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