Available to residents nationwide, Western State Bank is offering a generous 4.00% APY when you open a new High Yield Money Market Account. Keep reading to learn more about this attractive account and rate.
Update 2/28/25: The rate has decreased to 4.00% APY from 4.15%.
Western State Bank High Yield Money Market Review
With a legacy of over 100 years, Western State Bank is an employee-owned, regional bank with $1 billion in assets. They’re based in Devils Lake, N.D., with bank locations in North Dakota and Arizona. They offer personal banking, business banking, mortgages, investment services, and equipment financing services.
Western State Bank High Yield Money Market Rate
To earn this generous rate, just maintain a positive balance and you can earn the high rate that apply to all balances up to $3,000,000!
- What you’ll get: 4.00% APY
- Eligible account: High Yield Money Market
- Credit inquiry: Soft Pull
- Where it’s available: Nationwide
- Opening Deposit: $5,000
- Monthly fee: None
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
How to Earn Rate
- Open a High Yield Money Market account
- You must be at least 18 years old and a U.S. Citizen
- Bring:
- Your social security number
- Name, address, date of birth
- Government-issued photo ID
- Bring:
- Maintain any balance amount and earn the 4.00% APY rate.
| Balance Requirement | APY Rate |
| $0.01+ | 4.00% APY |
Account Features
- Enjoy no monthly fees.
- Easy to transfer via bank transfers, mobile deposit, wire transfer or check.
- Access your account anytime, anywhere.
- FDIC insured of up to $250,000
Notes:
- There are no monthly maintenance fees applied to the account.
- Debit cards and checks will not be issued on this account.
- There is no access to the account through an ATM withdrawal.
- A $5.00 fee is imposed for each additional withdrawal or debit over ten per month.
- If your balance plus accrued and credited interest exceeds $10,000,000.00, a representative from Western State Bank will contact you to reduce the balance in the account.
- A cashier’s check can be mailed to the address on file by contacting Customer Care (877-846-9345)
How To Add Money To Account
- Check: If you send a check to Western overnight, we’ll cover your delivery/shipping fees.
- Wire transfer: When you wire the funds to Western State Bank, we’ll cover the fee on both sides of the transaction. Western also allows one free outgoing wire per month.
- “Pushing” funds via ACH: Your bank can initiate an ACH fund transfer to Western State Bank by providing them your Western account and routing number. The maximum amount you can send is determined by your bank
- External transfers from Western State Bank Online Banking: After 60 days you will have access to External Transfer where you can add up to five external accounts and transfer money back and forth. The limits are $5,000 per day ($10,000 per 30-day period) transferred in and $10,000 per day ($20,000 per 30-day period) transferred out.
- Bank visit: You can walk into any Western State Bank location (North Dakota or Arizona) and make a deposit.
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Conclusion
With Western State Bank, you will be able to take advantage of competitive rate with a minimum deposit of any amount. Definitely an impressive APY attached. I highly recommend opening up this Money Market Account since the maximum balance you have to continue earning the rate is $3 million!
In addition to the rate from Western State Bank, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Let us know about your experience with this bank and comment below.
