Bank of the West provides a variety of certificates of deposits to try and meets the needs of a wide range of investors and savers in the geographic area served by their bank branch network. Unfortunately, it is not hard to find better CD rates than those promoted by Bank of the West. For short term and midterm CD rates, Bank of the West is falling well behind the national average CD rates
Bank of the West operates primarily in the west and Midwest of the nation. Bank of the West is the 32nd largest bank in the country with over 700 bank branches and offices locations in 19 states.
Bank of the West has several CD terms to choose from. The bank short term CDs have maturities that run from seven days to 31 days. The midterm and long term CDs have maturities that run from 32 days up to 60 months or five years.
The bank CDs are available with fixed interest rates for all terms. The certificates require a $1,000.00 minimum opening deposit. The CD deposits are eligible for FDIC insurance up to the maximum established by the FDIC per depositor and ownership type.
A sample of the current CD rates and CD terms at Bank of the West includes the following:
Bank of the West 6 month CD rate is 0.25%
1 year CD rate is 0.25%
2 year CD interest rate 0.65%
5 year CD rate 1.75%
These are just samples of the current CD rates available at the bank. CD rates are subject to change prior to funding a new account. The bank CDs have an automatic renewal feature. With the automatic renewal feature, the CDs will automatically roll over into new CD with the same term with a 10-day grace period.
Bank of the West is a subsidiary of the BancWest Corporation. BancWest Corporation is owned by the European financial institution, BNP Paribas. Bank of the West offers a full range of personal bank products and services as well as commercial bank products and services, wealth management services and international banking services in the U.S.
Additional information regarding Bank of the West CD products or other bank products and services can be obtained by calling customer service at 800-488-2265.
Bank of the West CDs can be convenient and flexible savings options for consumers within the market area served by the bank. Bank of the West offers a variety of flexible certificate of deposit terms, ranging from 7 days to 5 years. The bank CD rates generally offer higher rates than other bank savings account options.
The Bank of the West CDs mirrors the standard yield curve with longer term CDs earning higher CD rates than the shorter maturity certificates.
The bank CDs come with fixed interest rates. The standard CDs have flexible terms that allow the account holder to select a wide range of terms that do not have to be within the conventional terms offered by most banks.
Along with the standard bank CDs, Bank of the West offers Jumbo CDs for larger balances. Bank of the West also offers IRA CDs as well as online savings accounts and money market accounts.
As part of the survey of the best CD Rates from an FDIC insured institutions, Selectcdrates.com reviews the CD rates offered by Bank of the West among other US based banks. Current Bank of the West CD rates and terms include:
3 month CD rate is .20%
6 month CD rate is .25%
1 year CD rate is .75%
2 year CD interest rate is 1.10%
5 year bank CD rate is 2.25%
Bank of the West markets other CD terms and rates not listed. The bank CD interest rates listed are current as of this publication date but are subject to change and bank approval. Other conditions may exist to open the bank CDs.
Current Bank of the West CD rates and additional bank account information can be obtained by contacting the main bank customer service number at 800-488-2265.
The CD rates in this survey are for CA CD rates offered by the bank. Bank of the West is headquartered in San Francisco, CA and has over 660 retail bank branch locations in 19 states. BancWest Corporation is the holding company for Bank of the West and First Hawaiian Bank. BancWest Corporation is wholly owned by BNP Paribas.
For more California CD rates see CA CD Rates.