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Pacific Western Bank Review

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Pacific Western Bank Savings
0.01% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Pacific Western Bank started in 1982 with headquarters in Beverly Hills, California. Pacific Western Bank handles $25 billion in assets as well as $19 billion in deposits, classifying it as a very large bank. Pacific Western Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. On the whole, Pacific Western Bank is an acceptable bank choice, but may leave you wanting more, with a score of 3.8 stars out of 5 from the SmartAsset experts. Pacific Western Bank provides customers with a complete suite of product offerings, including savings accounts, checking accounts, money market accounts and CDs. It has a fair savings rate; you can find higher rates with other banks. Finding an institution with no-fee checking and a high savings APY is the best bet for gaining the most income from your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

With a savings rate of 0.01%, Pacific Western Bank ranks poorly compared to the national average. Pacific Western Bank's one-year and five-year term lengths CDs earn at a rate of 0.15% and 0.70%, respectively, while its highest-yielding money market account earns at a rate of 0.05%. Given its noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How Pacific Western Bank's Savings Rates Compare

Pacific Western Bank Savings 0.01 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

There is insufficient data on Pacific Western Bank's fees to provide a full SmartAsset rating.

Monthly Fee N/A National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Pacific Western Bank is a brick-and-mortar bank, with 78 total bank locations in California and North Carolina. With mobile and web apps, Pacific Western Bank makes mobile banking easy, even on the go. Pacific Western Bank receives moderate feedback from users for its mobile app. Out of 4 customer reviews across iOS and Android platforms, the Pacific Western Bank mobile app has an overall rating of 3.8 out of 5 (compared to the national average of 3.8). You can utilize Pacific Western Bank's app to control your finances by looking at monthly statements, sending and receiving funds and accessing support representatives. Pacific Western Bank receives an outstanding consumer satisfaction score due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Pacific Western Bank ranks as a very large bank and manages assets totaling $25 billion and $19 billion in deposits. Its Texas Ratio is 2.76%, indicating a minute likelihood of failure. Additionally, Pacific Western Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Pacific Western Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.01% APY $300
Checking Account 0.05% APY $2500
Certificates of Deposit
  • 12 Month: 0.15% APY
  • 24 Month: 0.25% APY
  • 36 Month: 0.35% APY
  • 48 Month: 0.50% APY
  • 60 Month: 0.70% APY
$2500 for all terms
Money Market Account 0.05% APY $10000

Pacific Western Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Pacific Western Bank does not have the best savings rate, which means you should think about taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Pacific Western Bank's CD rates are fair in comparison to other U.S. banks.

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Find a Pacific Western Bank Near Me

Pacific Western Bank has 78 physical locations in the U.S.

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