Westbury Bank Review

Westbury Bank Savings

0.50% APY

Westbury Bank started in 1926 and is headquartered in West Bend, Wisconsin. It has $853.4 million in assets and deposits totaling $724.5 million, classifying it as a medium-size bank. Westbury Bank has above-average customer service access with all-day support available, great for getting help during the work week. It is a traditional brick-and-mortar bank, which means in-person service, in addition to its online and mobile apps. With a commendable 4.3 out of 5 stars, Westbury Bank proves it is a solid pick to be your bank. 

Westbury Bank provides customers with a complete choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Westbury Bank has a fair savings rate compared to the average savings account. Perfect for basic banking needs, Westbury Bank's most basic checking does not have a monthly fee. Why keep checking and savings accounts with the same bank? Seamless transferring between the two accounts translates to better interest rates in your savings account with the ability to spend from your checking.

Service Quality

Westbury Bank is a brick-and-mortar bank, with 9 total bank locations in Wisconsin. With mobile and web apps, Westbury Bank makes mobile banking straightforward, even on the go. It provides all-day customer service. 

Westbury Bank's online and mobile banking services get moderately good scores from customers: out of 60 ratings across both iOS and Android platforms, the Westbury Bank mobile app has an overall rating of 3.1 out of 5 (compared to the national average of 3.8). You can utilize Westbury Bank's mobile app to control your accounts by checking monthly statements, transferring funds and accessing support representatives. Westbury Bank gets a superb consumer satisfaction rating based on relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector. 

Products Offered

Westbury Bank has several deposit products which include savings accounts, checking accounts, money market accounts and CDs, meaning you have many options to manage your money. Westbury Bank does not have the best savings rate, which means you should consider taking a look elsewhere for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Westbury Bank's CD rates are significantly above average compared to the average U.S. bank.

Rates

With a savings rate of 0.50%, Westbury Bank ranks below the mean in comparison to the national average. Westbury Bank's one-year CD earns at a rate of 3.00% and the five-year CD earns at a rate of 3.00%, while its highest-yielding money market savings account has an APY of 3.25%. It has a fair savings rate, which means other popular banks have higher rates. Consider choosing another bank to earn more on your deposits.

Fees

Westbury Bank has typically low fees in comparison to the average U.S. bank. With no monthly fee, Westbury Bank is perfect for people who want a basic banking experience. Also, at $35, Westbury Bank's overdraft fee is lower than the national average overdraft fee. 

Financial Health

Westbury Bank ranks as a medium-size bank with assets totaling $853.4 million as well as $724.5 million in deposits. Westbury Bank's Texas Ratio is 0.23%, indicating a very minute likelihood of failure. Additionally, Westbury Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a Westbury Bank Near Me

Westbury Bank has 9 physical branches in the U.S.