Bank of the West Classic Savings Account

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.01%.
• $0 monthly account fees available. This account charges a monthly fee of up to $5, but the fee may be waived if you keep a minimum balance of$300.
• No ATM fees. Bank of the West Classic Savings Account does not charge fees on ATM transactions .

Bank of the West savings account Pros & Cons

Bank of the West savings account FAQ

Are savings accounts from Bank of the West federally insured?

Does Bank of the West offer a signup bonus?

What is the minimum initial deposit for Bank of the West savings account?

The minimum deposit to open a Bank of the West savings account is $25.

What APY does Bank of the West Classic Savings Account offer?

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Bank of the West savings account charge?

• Outgoing domestic bank transfers come with a $35 fee.
• Outgoing international bank transfers come with a $50 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Bank of the West savings account charges $3 every time you request a paper statement.

What features and perks does Bank of the West savings account offer?

• Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
• Fraud monitoring - Bank of the West savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
• Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Bank of the West savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to Bank of the West savings account?

What is the customer support email for Bank of the West savings account?