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Wheatland Bank Review

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


Started in 1979, Wheatland Bank has assets totaling $404 million as well as deposits totaling $364 million, making it a small bank. Wheatland Bank, whose headquarters are in Spokane, Washington, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. At a SmartAsset rating of 3.9 out of 5 stars, Wheatland Bank should be near the middle of the pack in your search for a bank. Wheatland Bank has a complete suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Wheatland Bank has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, Wheatland Bank offers an option without a monthly fee. Locating an institution with no-fee checking, in addition to a high savings APY is your best bet for gaining the most income on your deposits alongside easy access to your money.

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 0.05%, Wheatland Bank ranks poorly in comparison to the national average. Wheatland Bank's CDs feature a rate of 0.50% and 1.95% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.17%. Given its poor savings rate, you should think about choosing another bank to earn more on your deposits.

How Wheatland Bank's Savings Rates Compare

Wheatland Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Wheatland Bank charges customers extremely low fees compared to the national average. Its checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Wheatland Bank unfortunately doesn't refund out-of-network ATM fees, which means you will be required to locate a Wheatland Bank ATM or accept the fee.

Monthly Fee $0 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

Wheatland Bank is a brick-and-mortar bank, with 14 total branches in Washington. It also offers access to mobile and web apps for easy access and banking on the go. Wheatland Bank's online and mobile banking platforms get mediocre scores from customers. Out of 5 ratings on both Apple and Android platforms, the Wheatland Bank mobile app is scored at 1.6 out of 5 (compared to the national average of 3.8). Wheatland Bank's mobile app lets you control your bank accounts by monitoring current statements, transferring money as well as reaching support representatives. Wheatland Bank gets a superb consumer satisfaction rating due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 1.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Wheatland Bank ranks as a small bank and manages $404 million in assets and $364 million in deposits. Its Texas Ratio is 1.05%, indicating that the bank is in outstanding financial shape and improbable to fail. Additionally, Wheatland 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 Wheatland Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1
Checking Account 0.03% APY $50
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 0.75% APY
  • 36 Month: 0.85% APY
  • 60 Month: 1.95% APY
$10000 for all terms
Money Market Account 0.15% APY $10000

Wheatland Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Wheatland Bank does not have the best savings rate, which means you should consider 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. Wheatland Bank's CD rates are fair as compared against the national average.

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Find a Wheatland Bank Near Me

Wheatland Bank has 14 physical locations in the U.S.

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