About WebBank
WebBank was chartered in 1997 in Salt Lake City, Utah. The bank operates one branch in Salt Lake City and one branch in Summit, New Jersey.
WebBank Overview
WebBank is a regional bank that operates two branches, one in Salt Lake City, Utah, and one in Summit, New Jersey. The bank offers one savings account and several CDs with varying terms. All of the accounts WebBank offers come with below-average APYs. The bank does not have any ATMs and is not part of any ATM network. If customers wish to conduct transactions, they must visit one of the branches.
| Fairly wide selection of CDs with varying terms. | The bank does not operate any ATMs and is not part of an ATM network. |
| The bank only has two branches. | |
| No checking or money market options. |
WebBank Product Offerings
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. WebBank offers CDs with terms varying from six months up to five years. Most CDs offer APYs at or below their respective national averages, with minimum opening deposits of $1,000. Here are some of their best CD offerings for April 2025:
Savings Accounts
A savings account is a type of bank account that allows you to save your money while earning interest. WebBank offers one personal savings accounts. The savings account is just a simple account in line with similar accounts offered by national banks. Here are the latest savings account details for April 2025:
Bank Fees
Overdraft fee: None
Savings and Money Market Account withdrawal fee: None
Account closure fee: None
Wire transfer fee: Domestic - Incoming is $0 and outgoing is $25; International - Incoming is $0 and outgoing is $35
Non-network ATM fee: N/A
Monthly service charge: None
Stop payment fee: None
Paper statement fee: None
WebBank Features
WebBank's customer service line is available Monday through Friday from 9 a.m. to 5 p.m. CST and on Saturdays from 9 a.m. to 1 p.m. CST. The bank offers an automated telephone line that is available 24 hours a day, 7 days a week, for basic account information and changes. WebBank operate one branch in Salt Lake City and one in Summit, New Jersey. The bank also offers a mobile app that allows customers to process transactions and manage their bank accounts.
WebBank FAQs
Our Take
WebBank is a regional bank with a small number of account offerings and fewer branches. It operates one branch in Salt Lake City and one in Summit, New Jersey. The bank only offers one savings account and a handful of CD accounts. All of the accounts offer yields that are at or below their respective national averages. The one drawback is that its CDs require a slightly elevated $2,500 minimum opening deposit. WebBank may be an okay option for residents near one of the branches, but most individuals may be better off with a bigger regional or even a national bank with a more robust selection of accounts and possibly higher APYs.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.