Western State Bank Review 2022
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Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
On the plus side, it requires just $100 to open and a $100 balance is all that’s needed to earn the APY and avoid a $5 monthly service charge.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
A $1,000 minimum balance is required or a $10 monthly fee applies. The first 10 debit transactions per month are free; after that, the bank charges $5 per transaction. The account comes with ATM fee refunds and access to online and mobile banking.
Free Checking, which Bankrate scored for this review, is the only checking account that doesn't pay interest, but it has no monthly service fee or minimum balance requirement. All checking accounts come with a debit card, free checks and up to $20 in ATM refunds per monthly statement cycle, though Free Checking and Future Checking customers have to present an ATM receipt and wait up to five business days to get the refund credited to their accounts.
The VIP Plus account has the most features and benefits. No minimum balance is required for customers who have $5,000 in any combination of deposits and/or loans. Otherwise, a $10 monthly fee applies.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
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The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.Editorial disclosure
All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. Western State BankWestern State Bank Review 2022
Libby Wells covers banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications. Updated November 10, 2022 Bankrate logoThe Bankrate promise
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At a glance
3.7 Bankrate Score CDs Checking Savings MMA About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.Overview
Western State Bank is ideal for consumers looking for a wide choice of checking accounts with lots of perks, and no fees or easy-to-avoid fees. The bank also offers access to thousands of ATMs through the MoneyPass ATM network.Highlights
ATM Fee Refunds Free Checking Compare offers Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsBask Bank
Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY.Overall
Western State Bank is a well-established, federally insured bank based in North Dakota that offers deposit and loan products for individuals and businesses.Pros
Western State Bank offers a selection of checking accounts with lots of perks and minimal fees. Customers have access to thousands of MoneyPass ATMs. It offers digital banking tools. It offers special benefits to current and former members of the U.S. armed services.Cons
APYs on deposit products tend to be low compared with top national offers. It doesn't post APYs on its website.Western State Bank bank products
Savings CD Money Market Checking 2.6 Bankrate ScoreWestern State Bank savings overview
Western State Bank offers its Personal Savings account, an interest-bearing account that pays well below the APY at top-yielding banks.On the plus side, it requires just $100 to open and a $100 balance is all that’s needed to earn the APY and avoid a $5 monthly service charge.
Pros
The minimum deposit required to open an account and the balance needed to earn the APY are very low. The $5 monthly service fee is waived for balances of at least $100.Cons
The account's APY is very low. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min balance for APY Offer details Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. 3.6 Bankrate ScoreWestern State Bank CD overview
Pros
The bank offers a range of CD terms, enabling depositors to build a CD ladder. The minimum deposit required is $1,000, which is typical for many banks.Cons
The 12-month APY is below what many top-yielding banks pay. CDs are not advertised on the bank website and must be opened in a branch. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC CD 4.10 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. deposit Term Offer details Offer detailsCapital One
Member FDIC CD Details 4.10 % APY Min. deposit Term Get peace of mind with fixed rates and guaranteed returns. 2.2 Bankrate ScoreWestern State Bank money market overview
Western State Bank offers its Treasury Market Account, which requires $50 to open. The APY on the account is below the national average and far below what’s available at top-yielding institutions.A $1,000 minimum balance is required or a $10 monthly fee applies. The first 10 debit transactions per month are free; after that, the bank charges $5 per transaction. The account comes with ATM fee refunds and access to online and mobile banking.
Pros
The $50 minimum deposit to open is reasonable. The account comes with some ATM fee refunds.Cons
The APY is below the national average. A $10 monthly fee applies unless a balance of $1,000 or more is maintained. APYs are not disclosed on the website. There is a $5 fee per debit transaction after the first 10 debit transactions during each monthly statement period. 4.9 Bankrate ScoreWestern State Bank checking overview
Western State Bank offers a comprehensive lineup of four checking accounts: Free Checking, VIP Checking, VIP Plus Checking and Future Checking share many of the same benefits, including a reasonable opening deposit of only $50.Free Checking, which Bankrate scored for this review, is the only checking account that doesn't pay interest, but it has no monthly service fee or minimum balance requirement. All checking accounts come with a debit card, free checks and up to $20 in ATM refunds per monthly statement cycle, though Free Checking and Future Checking customers have to present an ATM receipt and wait up to five business days to get the refund credited to their accounts.
The VIP Plus account has the most features and benefits. No minimum balance is required for customers who have $5,000 in any combination of deposits and/or loans. Otherwise, a $10 monthly fee applies.
Pros
The bank offers a range of checking accounts to fit customers’ needs. Customers get $20 in monthly ATM fee refunds. Checking customers get free Western State Bank checks. The $50 opening deposit is reasonable.Cons
The VIP Plus Checking account requires sizable deposits or balances to avoid the fee. APYs on interest-bearing accounts are not posted on the website. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Checking Account 2.50 % APY Info Bankrate Checking rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. To open To avoid fees Offer details Offer detailsSoFi
Member FDIC Checking Account Details 2.50 % APY To open To avoid feesBank experience
Western State Bank offers a highly rated mobile app for both Android and iOS devices. With the app, customers can check their balances and transactions, deposit checks and pay bills. Branch hours vary. The bank website lists each branch location's address, phone number and business hours. Customers can also email the bank through its Contact Us on its website.About Western State Bank
Western State Bank is a federally insured bank founded in 1902 and headquartered in Devils Lake, North Dakota. It has 11 branches in North Dakota and Arizona, digital banking tools and a partnership with the MoneyPass ATM network. Its Freedom Banking program benefits veterans and those who currently serve in the U.S. military. It offers a "Move-on-Over Kit" to help new customers transition from another bank.Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .