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Western State Bank Review

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Western State Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 1902, Western State Bank has $1 billion in assets and deposits totaling $914 million, classifying the institution as a medium-size bank. Western State Bank, whose headquarters are in Devils Lake, North Dakota, lacks premium access to support representatives, with no options for live chat or all-day service. 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. Coming in at a commendable 4.2 out of 5 stars, Western State Bank proves it is a great choice and should warrant serious consideration. Western State Bank provides customers with a full array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Western State Bank offers an option without a monthly fee. Obtaining a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same institution is the best option for gaining the most income from your deposits while having 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

With a savings rate of 0.10%, Western State Bank ranks poorly in comparison to other U.S. banks. Its one-year CD earns at a rate of 0.50% and the five-year CD has a rate of 1.55%, while its highest-yielding money market account earns at an APY of 0.20%. Given Western State Bank's poor savings rate, you should think about looking at the competition to open savings accounts.

How Western State Bank's Savings Rates Compare

Western State Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Western State Bank charges its customers extremely low fees compared to other U.S. banks. With no monthly fee, Western State Bank is perfect for people who want a simple banking experience. For those who frequently visit the ATM, Western State Bank is perfect because it charges no out-of-network ATM fees. Western State Bank does not refund out-of-network ATM charges, which means you will need to search for a Western State Bank ATM or accept the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Western State Bank is a brick-and-mortar bank, with nine total branches in Arizona and North Dakota. It also offers access to mobile and web apps for an easy mobile-banking experience. Western State Bank receives moderately high marks from customers for its mobile banking services. The Western State Bank mobile app is rated at 4.4 out of 5 (with 26 customer reviews on iOS and Android) compared to the national average of 3.8. Western State Bank's mobile app lets you manage your accounts by checking monthly statements, transferring funds as well as accessing customer service. Western State Bank receives a superb consumer satisfaction score due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.4/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Western State Bank is currently a medium-size bank with assets totaling $1 billion and $914 million in deposits. Its Texas Ratio is 6.97%, signifying that Western State Bank is in fine financial condition and far from failure. Additionally, Western State 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 Western State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 0.70% APY
  • 36 Month: 0.90% APY
  • 48 Month: 1.15% APY
  • 60 Month: 1.55% APY
$10000 for all terms
Money Market Account 0.2% APY $10000

Western State Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Western State 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. Western State Bank's CD rates are fair compared to the national average.

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Find a Western State Bank Near Me

Western State Bank has nine branches across the U.S.

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