Western State Bank Review: 4.25% APY Money Market with No Minimum [Nationwide]

Update 1/29/23: Rate now 4.25%

Now 3.5% APY

As of 6/2/20 this is now 1.35%

[Update 8/12/19: Rate decreased to 2.25%.]

Offer at a glance

• Interest Rate: 1.35% APY
• Minimum Balance: None
• Maximum Balance: $3M
• Availability: Nationwide
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: None
• Monthly fees: None
• Insured: FDIC

The Offer

Direct link to offer

• Western State Bank offers a high yield money market with an interest rate of 2.50% APY and no minimum balance requirement.

The Fine Print

• Rate effective 2/12/19 and may change after account is opened.

Avoiding Fees

This account has no monthly fees.

Our Verdict

From the account application, it appears that this account is available nationwide. That makes them  the best currently available saving rate anywhere with the exception of this NASB account which has a $50,000 minimum and a couple of others who have a $50,000 maximum.

That being said, we don’t have any rate history with this bank, and no knowledge of whether this rate will stick around. Hopefully readers will share what they know in the comments below.

Thanks to reader Steven for sending this in.