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West View Savings Bank Review

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

Overview

West View Savings Bank started in 1908 and has its headquarters in Pittsburgh, Pennsylvania. It manages $355 million in assets and $146 million in deposits, classifying it as a small bank. West View Savings Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. Overall, West View Savings Bank is a decent choice, but with better options out there, with a score of 3.8 out of 5 stars from our team. West View Savings Bank offers the full selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate compared to the average savings account. Institutions that offer free checking as well as a high interest rate savings account are the best bet for getting the highest income from your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

3.8/5
National Average: 4.1

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

Rates

3.9
SmartAsset Average: 3.5

West View Savings Bank has a savings rate of 0.05%, which is fair compared to the average U.S. bank. Its one-year and five-year term lengths CDs earn at a rate of 1.80% and 2.60%, respectively, while its highest-yielding money market account has a rate of 0.07%. Given its poor savings rate, you should consider taking a look at other banks for savings accounts.

How West View Savings Bank's Savings Rates Compare

West View Savings Bank Savings 0.05 National Average 0.26 Compare Offers
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Fees

NR
SmartAsset Average: 4.4

There is insufficient data on West View Savings 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

2.5
SmartAsset Average: 3.7

West View Savings Bank is a brick-and-mortar bank, with six total branches in Pennsylvania. With a mobile app, West View Savings Bank provides convenient mobile banking, even from home or work. West View Savings Bank receives an outstanding consumer satisfaction rating based on relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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

5.0
SmartAsset Average: 4.8

West View Savings Bank is currently a small bank with $355 million in assets as well as $146 million in deposits. It has an excellent Texas Ratio of 0.76%, signifying a low probability of failure. Additionally, West View Savings 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 West View Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $100
Certificates of Deposit
  • 12 Month: 1.80% APY
  • 24 Month: 2.00% APY
  • 36 Month: 2.35% APY
  • 48 Month: 2.35% APY
  • 60 Month: 2.60% APY
$500 for all terms
Money Market Account 0.06% APY $10000

West View Savings 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 View Savings 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 View Savings Bank's CD rates are fair as compared against the national average.

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Find a West View Savings Bank Near Me

West View Savings Bank has six physical branches in the U.S.

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