Last Updated: 04/18/2025
Bank of the West Money Market Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Minimum Balance to Earn APY
Minimum Opening Deposit
Bank of the West Money Market Account Review
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.15%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $0.01.
- Charges a monthly fee. This account charges a monthly fee of up to $15, but the fee may be waived if you keep a minimum balance of$5,000.
- Small minimum initial deposit. You only need $100 to open an account.
Pros & Cons of Bank of the West Money Market Account
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Bank of the West Money Market Account FAQ
Are money market accounts from Bank of the West federally insured?
What are the interest rates for Bank of the West money market rates?
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.02% - 0.15% |
What are the fees for Bank of the West Money Market Account?
This account charges a monthly maintenance fee of up to $15. You can avoid this fee by maintaining a balance of $5,000.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Bank of the West money market?
What features and perks does Bank of the West money market offer?
- Fraud monitoring - Bank of the West monitors transactions for potentially fraudulent activity.
- Mobile Banking Services - Bank of the West money market allows you to manage your money through online banking and a dedicated mobile app.
What is the customer service phone number?
What is the support contact email?
How to open an account with Bank of the West
- Visit the Bank of the West website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
Bank of the West Money Market Account Disclosure: There are 3 ways to waive the monthly fee: Maintain an average monthly balance of $5,000 OR Use Auto-Save to set up a recurring monthly transfer of $75 or more from any Bank of the West personal checking account to your Choice Money Market Savings account OR Maintain a Bank of the West Premier Checking Account.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.