Bank Of The West’s Best? 5-Year CD Rates

Bank of the West doesn’t make it terribly easy to take advantage of itsCD rates.

If you want to purchase a certificate of deposit, you have to call customer service or walk into one of the California-based bank’s 700 branches, which are located in 19 states in the West and Midwest.

In most cases, it’s not worth the effort, although — as at many big banks — there are a few exceptions.

The best deals at Bank of the West are the 36-month CDs, at 1.50% APY, and the 60-month CDs, at 2.00% APY.

The average annual yield large banks and thrifts are offering for 36-month CDs is 1.04% APY, and for 60-month CDs, 1.71% APY.

While Bank of the West’s rates for those terms are above average, they’re still much lower than the top nationally available rates on our CD Rates Leaderboard.

The 36-month leader there pays 2.17% APY; the 60-month leader, 2.93% APY.

Other rates from Bank of the West that are above average, albeit slightly:

3-month CD rate is 0.20% APY versus an average rate of 0.19% APY. (Leaderboard leader is 0.80% APY.)

12-month CD rate is 0.60% APY versus an average rate of 0.47% APY. (Leaderboard leader is 1.41% APY.)

24-month CD rate is 0.75% APY versus an average rate of 0.72% APY. (Leaderboard leader is 1.66% APY.)

You’ll find better deals if you compare Bank of the West’s returns with CD rates from scores of other banks in our extensive database.

Note: Don’t confuse this big bank with the much smaller Bank of the West based in El Paso, which has a top local deal.