Current WesternBank Interest Rates

Whether you're shopping for a car loan or deciding on the best savings option, we work hard to provide the most competitive rates in the market.

 

Below are a sampling of our current rates for our deposit products. Contact us to find the product at a rate that's right for you.

 

Disclaimer: Rates and programs are subject to change at bank discretion without notice.

 

 

 

Savings Accounts **

Account

Minimum Balance
to Obtain APY

Minimum Deposit
to Open

APY

APY

Regular Savings

$250

.08%

 .08%
Holiday Club $25  .20%  .20%
Money Market Savings 0 $1,000  .12%  .12%
Money Market-Premier $10,000 .15%  .15%
Traditional IRA $50  1.01%   1.02%
 Roth IRA $50 1.01%  1.02%

 

** Rates may change after account opening. 
Annual Percentage Yield (APY) is the effective annual interest rate.  Fees may reduce earnings.  

 

 

Certificates of Deposits*

Term

Minimum Balance

Interest Rate

APY

3-Month

$1,000-9,999

.15%

.15%

  $10,000 & Over .21% .21%
6-Month

$1,000-9,999

.23% .23%
  $10,000 & Over .36% .36%
12-Month

$1,000-9,999

.38% .38%
  $10,000 & Over .66% .66%
18-Month $1,000-9,999 .38% .38%
  $10,000 & Over .66% .66%
24-Month

$1,000-9,999

.63%

.63% 
  $10,000 & Over .93% .93%
36-Month

$1,000-9,999

1.05% 1.06%
  $10,000 & Over 1.26% 1.27%
48-Month $10,000 & Over 1.51% 1.52%

 

* A penalty will be imposed for early withdrawal on certificates

APY = Annual Percentage Yield

 

 

Interest-Bearing Checking Accounts**

Account

Minimum Balance

Interest Rate

APY

Preferred Plus
(Minimum Opening deposit is $1,000)

$0.01

.05%

.05%

Business Preferred Plus 
(Minimum Opening deposit is $100)
$0.01 .05% .05%

 

** Rates may change after account opening. 
Annual Percentage Yield (APY) is the effective annual interest rate.  Fees may reduce earnings.    

 

Important Information

*  A penalty will be imposed for early withdrawal on certificates

** Fees charged on any deposit account could reduce the earnings

APY = Annual Percentage Yield