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

.07%

 .07%
Holiday Club $25  .15%  .15%
Money Market Savings 0 $1,000  .08%  .08%
Money Market-Premier $10,000 .12%  .12%
Traditional IRA $50  .71%   .71%
 Roth IRA $50 .71%  .71%

 

** 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

.13%

.13%

  $10,000 & Over .18% .18%
6-Month

$1,000-9,999

.17% .17%
  $10,000 & Over .29% .29%
12-Month

$1,000-9,999

.31% .31%
  $10,000 & Over .59% .59%
18-Month $1,000-9,999 .31% .31%
  $10,000 & Over .59% .59%
24-Month

$1,000-9,999

.44%

.44% 
  $10,000 & Over .65% .65%
36-Month

$1,000-9,999

.71% .71%
  $10,000 & Over .86% .86%
48-Month $10,000 & Over 1.09% 1.10%

 

* 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