Western State Bank
Online Savings Account - 4.00% 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 |
4.00% |
| 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
|
|
January 18, 2025 |
4.00%
|
|
December 23, 2024 |
4.15%
|
|
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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