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West Shore Bank Review

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West Shore Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 1898, West Shore Bank has assets totaling $420 million and $333 million in deposits, ranking it as a medium-size bank. West Shore Bank, whose headquarters are in Ludington, Michigan, lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. SmartAsset experts rated the bank 3.6 out of 5 stars, suggesting West Shore Bank is a decent choice, but with better options out there. West Shore Bank offers the complete package of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product has a monthly fee of $10.00, although banks sometimes have requirements that allow you to waive the fee. Using a bank with no-fee checking, in addition to a high savings APY is the best bet for getting the most income from your deposits alongside easy 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

West Shore Bank features a savings rate of 0.05%, which is poor compared to the average U.S. bank. West Shore Bank's one-year and five-year term lengths CDs earn at a rate of 0.50% and 1.76%, respectively, while its highest-yielding money market account has an APY of 0.20%. Given its poor savings rate, you should think about other options to earn more on your deposits.

How West Shore Bank's Savings Rates Compare

West Shore Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

West Shore Bank charges customers high fees in comparison to the national average. West Shore Bank's checking account has a monthly fee of $10.00, ranking it fair for anyone looking for a simple account. West Shore Bank unfortunately doesn't refund out-of-network ATM fees, which means you will have to locate a West Shore Bank ATM or pay the fee.

Monthly Fee $10.00 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

West Shore Bank is a brick-and-mortar bank, with nine total branches in Michigan. It also offers access to mobile and web apps for straightforward access and banking on the go. West Shore Bank gets high marks from users for its mobile app. Out of 6 customer reviews on both iOS and Android platforms, the West Shore Bank mobile app is scored at 5.0 out of 5 (compared to the national average of 3.8). West Shore Bank's mobile app allows you to control your accounts by reviewing monthly statements, transferring money as well as reaching customer service. West Shore Bank gets a superb consumer satisfaction rating due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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

SmartAsset Average: 4.8

West Shore Bank ranks as a medium-size bank with $420 million in assets as well as deposits totaling $333 million. West Shore Bank's Texas Ratio is 4.97%, suggesting that the bank is in excellent financial well-being and far from failure. Additionally, West Shore Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

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 West Shore Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 1.00% APY
  • 36 Month: 1.26% APY
  • 48 Month: 1.51% APY
  • 60 Month: 1.76% APY
$500 for all terms
Money Market Account 0.15% APY $10000

West Shore Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. West Shore 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. West Shore Bank's CD rates are fair compared to the average U.S. bank.

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Find a West Shore Bank Near Me

West Shore Bank has nine branches across the U.S.

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