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Western State Bank Review 2023

Updated February 2, 2023
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At a glance

3.7
Rating: 3.7 stars out of 5
Bankrate Score
Caret Down

CDs

Rating: 3.6 stars out of 5

Checking

Rating: 4.9 stars out of 5

Savings

Rating: 2.6 stars out of 5

MMA

Rating: 2.2 stars out of 5

About Bankrate Score

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
Bank logo
Member FDIC
Savings Account
4.25
%
APY
Rating: 2.6 stars out of 5
$5000
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.40
%
APY
Rating: 4.9 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.50
%
APY
Rating: 4.7 stars out of 5
$0
Min. balance for APY
View offer Arrow Right

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

  • Checkmark

    Western State Bank offers a selection of checking accounts with lots of perks and minimal fees.

  • Checkmark

    Customers have access to thousands of MoneyPass ATMs.

  • Checkmark

    It offers digital banking tools.

  • Checkmark

    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

2.6
Rating: 2.6 stars out of 5
Bankrate Score

Western 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

  • Checkmark

    The minimum deposit required to open an account and the balance needed to earn the APY are very low.

  • Checkmark

    The $5 monthly service fee is waived for balances of at least $100.

Cons

  • The account's APY is very low.

Current Savings Rate
Bank logo
Member FDIC
Savings Account
4.25
%
APY
Rating: 2.6 stars out of 5
Info
$5000
Min balance for APY
View offer Arrow Right

Bank 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 page 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. Read our full review methodology.