Started in 1908, West View Savings Bank has $355 million in assets as well as $146 million in deposits, which makes it a small bank. West View Savings Bank, whose headquarters are in Pittsburgh, Pennsylvania, 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 access to service representatives at a physical location, in addition to its online and mobile apps. With a score of 3.8 stars out of 5, West View Savings Bank should be near the middle of the pack in your search for a bank. West View Savings Bank provides customers with a full suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; you can find higher rates with other banks. Locating a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same bank is the best option for accruing the most income from your deposits alongside easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
West View Savings Bank has a savings rate of 0.05%, which is poor as compared against the national average. Its one-year CD has a rate of 2.25% and the five-year CD earns at a rate of 2.60%, while its highest-yielding money market account earns at a rate of 0.07%. Given its noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.
How West View Savings Bank's Savings Rates Compare
There is insufficient data on West View Savings Bank's fees to provide a full SmartAsset rating.
West View Savings Bank is a brick-and-mortar bank, with six total bank locations in Pennsylvania. With a mobile app, West View Savings Bank provides easy account access, even from home or work. West View Savings Bank receives an excellent consumer satisfaction score based on comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
West View Savings Bank is currently a small bank and owns assets totaling $355 million and $146 million in deposits. Its Texas Ratio is 0.76%, denoting a low possibility 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.Back to Overview
Compare West View Savings Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.05% APY||$100|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Accounts||0.06% APY 0.07% APY||$10000 $15000|
West View Savings Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. West View Savings Bank does not have the best savings rate, which means you should think about looking 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 in comparison to the national average.Back to Overview
Find a West View Savings Bank Near Me
West View Savings Bank has six physical locations across the U.S.Back to Overview