WebBank Review 2023
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At a glance

CDs
Savings
About Bankrate Score
Overview
WebBank offers decent yields on CDs and savings accounts for consumers who are looking for a digital bank. WebBank has no brick-and-mortar locations, nor does it have a mobile app. Banking is done through a secure web browser.
Highlights
- No Monthly Fees

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
WebBank offers decent yields on CDs and savings accounts for consumers who are looking for a digital bank.
Pros
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WebBank’s savings account and CDs pay decent yields.
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The savings account requires a manageable $1,000 deposit.
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The savings account doesn’t charge a monthly service fee.
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CDs require a manageable $2,500 deposit.
Cons
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WebBank doesn’t offer checking or money market accounts.
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The bank has no brick-and-mortar locations and doesn’t offer a mobile app.
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Customer service hours by phone are limited to 8 a.m. to 5 p.m. Mountain time, Monday-Friday.
WebBank bank products
WebBank savings overview
Pros
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WebBank’s FDIC-insured savings account has no monthly fee.
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It requires a manageable $1,000 to open.
Cons
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The account offers a decent APY, but it’s not among the top offers nationwide.

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
WebBank is an industry bank with limited product offerings for consumers. Savers who want to stash money in a bank, leave it alone and earn decent yields might find WebBank a good choice. However, it doesn’t offer a mobile app; banking is done using a secure web browser. The bank also doesn’t offer ATM access; it has no owned-and-operated ATMs, and it’s not a part of a network such as Allpoint or MoneyPass. Customer service hours by phone are limited to weekdays. Customers can also contact customer service through a form on the bank’s website.
About WebBank
WebBank is an FDIC-insured bank with headquarters in Salt Lake City. It partners with companies in the finance industry to provide niche financial services to consumers and businesses. WebBank also offers consumer deposit products, including CDs and a savings account. WebBank does not have retail branches or a mobile app. Banking is done using a secure web browser.
Review methodology
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. Read our full review methodology.