Available for residents nationwide, Western State Bank is offering 1.85% APY when you open an account.
Continue reading below to learn everything you need to know about Western State Bank.
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About Western State Bank Money Market
Western State Bank is headquartered in Devils Lake and is the 8th largest bank in the state of North Dakota. Western State Bank’s money market rates are 6X the national average, and they an A health rating.
With such great money market rates you can earn big! The account gives you access to online banking, eStatements, mobile banking, text alerts, and so much more.
I’ll review Western State Bank Money Market below.
Western State Bank Money Market Rate
- Account Type: High Yield Money Market
- Interest Rate: 1.85% APY
- Minimum Balance: None
- Maximum Balance: $3,000,000
- Availability: Nationwide
- Credit Inquiry: Soft pull, which does not affect your credit
- Opening Deposit: None Listed
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: No monthly service fees
- Early Termination Fee: None listed, check with CSR
American Express Personal Savings Account - You earn 1.70% interest rate along with no minimum deposits or monthly fees. Amex Personal Savings has been my favorite Hub account for the past 5 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the Personal Savings website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express Personal Savings include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos UFB High Yield Savings and CIT Bank Savings Builder accounts offer great rates available nationwide. The Discover Online Savings and Chase SavingsSM account have nice sign-up bonuses.
|Discover Bank Online Savings||1.60% APY + $200 Cash||Review|
|CIT Bank Savings Builder||1.75% APY + $150/$300 Bonus||Review|
|UFB Direct High Yield Savings||1.90% APY||Review|
|Betterment EverydayTM Cash Reserve||1.83% APY||Review|
|American Express High Yield Savings||1.70% APY||Review|
Western State Bank ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
|Push||?||$25,000||$100,000||6 transfers a month|
|Pull||?||$25,000||$100,000||6 transfers a month|
Editor’s Note: Help us with the table above in the comment section if you have experience with Western State Bank’s ACH capabilities.
How to Earn Western State Bank Rate
- Open a High Yield Money Market account from Western State Bank.
- You must be at least 18 years old and a U.S. Citizen
- Your social security number
- Name, address, date of birth
- Government-issued photo ID
- Maintain any balance amount and earn the 1.85% APY rate.
|Balance Requirement||APY Rate|
|$0 – $24,999.99||1.85% APY|
|$25,000 – $249,999.99||1.85%APY|
|$250,000 – $999,999.99||1.85% APY|
|$1,000,000 – $1,999,999.99||1.85% APY|
|$2,000,000 – $2,999,999.99||1.85% APY|
Why You Should Sign Up For This Account
- Earn up to 20x the national average*
- No monthly fees
- Easy fund transfers with other financial institutions
- North Dakota-based phone and email customer service
- No promotional rate periods
- 24/7 online access to your money
Check out this offer from Western State Bank. When you open an Online Money Market account you can earn a rate! This rate is great for balances between up to $3,000,000. Take advantage of the services they have to offer along with these savings.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Western State Bank Online Savings Account.