First Western Bank & Trust online banking ND 58701
Follow Us:
Banks » North Dakota » Minot

A Comprehensive Guide to Choosing the Best North Dakota Banks & the Best Bank Rates

Introduction:

Choosing the right bank is a crucial step in managing your finances effectively. If you reside in North Dakota or plan to relocate to the Peace Garden State, this guide will assist you in navigating the financial landscape and making an informed decision. We will explore the key factors to consider when selecting a bank in North Dakota and highlight some of the best bank rates available in the state. Let's dive in!

Assess Your Banking Needs:

Before embarking on your search for the best bank in North Dakota, take the time to assess your individual banking needs. Consider whether you prefer traditional brick-and-mortar banking or the convenience of online banking. Determine the types of accounts you require, such as checking, savings, or investment accounts. Additionally, consider factors such as your average balance, the frequency of transactions, and any specialized services you may need. Understanding your specific needs will help you narrow down the options and find a bank that aligns with your requirements.

What are the five largest banks in the U.S.?
Research Banks in North Dakota:

North Dakota offers a range of banking options, including both local community banks and national institutions. Begin by researching banks that operate within the state, paying attention to their reputation, stability, and the services they offer. Look for established banks with a strong presence and positive customer reviews. Well-known national banks such as Wells Fargo and U.S. Bank have branches throughout North Dakota and offer a wide array of services and convenient access.

Consider Community Banks and Credit Unions:

While larger national banks are prevalent, don't overlook the advantages offered by community banks and credit unions. These institutions often prioritize personalized service, community involvement, and competitive rates. North Dakota has several community banks and credit unions worth exploring, such as Gate City Bank, First International Bank & Trust, and Capital Credit Union. Research their offerings, account options, and customer satisfaction levels.

Evaluate Fees and Account Requirements:

Banks differ in their fee structures and account requirements, which can significantly impact your banking experience. Look for banks that offer low or no monthly maintenance fees, reasonable overdraft charges, and transparent fee disclosures. Some banks may waive fees if you meet certain criteria, such as maintaining a minimum balance or setting up direct deposit. Carefully assess these factors to avoid unnecessary expenses.

Analyze Interest Rates and Benefits:

Interest rates play a vital role in choosing a bank. Compare the interest rates offered for checking and savings accounts across different banks. While interest rates may vary, it's important to find a bank that offers competitive rates to help your money grow over time. Additionally, consider other benefits such as rewards programs, cashback offers, or ATM fee reimbursements, as they can enhance your banking experience.

Explore Online and Mobile Banking Services:

In today's digital age, online and mobile banking services have become indispensable for convenient financial management. Ensure that the bank you choose provides robust online and mobile platforms with features like mobile check deposit, bill pay, fund transfers, and real-time balance updates. User-friendly interfaces and reliable customer support are also important considerations.

Review Customer Service and Support:

Reliable customer service is crucial in banking. Look for banks that offer excellent customer support through multiple channels, such as phone, email, or live chat. Prompt and efficient customer service can save you valuable time and provide peace of mind when resolving any issues or concerns.

Conclusion:

Selecting the best bank in North Dakota involves careful consideration of your banking needs, researching various options, and evaluating factors such as fees, interest rates, services, and customer support. Take your time, compare different banks, and read customer reviews to make an informed decision. Remember, the right bank should align with your financial goals, offer competitive rates, and provide a seamless banking experience. By following these guidelines, you'll be well on your way to finding the best North Dakota bank for your needs.

Conclusion:

Selecting the best bank in North Dakota involves careful consideration of your banking needs, researching various options, and evaluating factors such as fees, interest rates, services, and customer support. Take your time, compare different banks, and read customer reviews to make an informed decision. Remember, the right bank should align with your financial goals, offer competitive rates, and provide a seamless banking experience. By following these guidelines, you'll be well on your way to finding the best North Dakota bank for your needs.

First Western Bank & Trust


General Information | Financial Summary | Locations & Branches

First Western Bank & Trust
900 S Broadway
Minot, ND 58701

900 S Broadway, Minot, ND 58701

Official website: www.firstwestern.bank

Established in 1964-05-11, First Western Bank & Trust is a commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB), serving customers in Minot North Dakota (ND) and many other cities.

The bank is still in service at 18 domestic branches/offices. You can explore all the domestic locations/branches, browse locations by state/city or search locations by zip code

First Western Bank & Trust Online Banking

Location: Minot, North Dakota ND (County Ward)

FDIC Certificate #: 19123

FDIC Geographic Region: Kansas City - Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota

Chartering Agency: STATE - Chartering authority for federally chartered savings associations State (includes U.S. Territories)

OCC Charter Number: N/A

OTS Docket Number (assigned by federal housing finance board - FHFB): N/A

Core Based Statistical Area (CBSA): Minot, ND (CBSA#33500)

Consolidated Metropolitan Statistical Area (CMSA): N/A

Combined Statistical Area (CSA): N/A

Metropolitan Statistical Area (MSA): N/A

Office of the Comptroller: Central - Illinois, Indiana, Kentucky, Michigan, Minnesota, North Dakota, Ohio, South Dakota, Wisconsin

Office of Thrift Supervision (OTS) Region: West

First Western Bank & Trust Online Banking

First Western Bank & Trust is

  • being operated in government conservatorship
  • an insured commercial bank
  • a member of Deposit Insurance Fund
  • an FDIC Insured member

Insurance Fund Membership: Deposit Insurance Fund (DIF)

Bank Holding Company: WESTBRAND INC

Bank Holding Company Type:

Number of Domestic Offices: 18

Number of Foreign Offices: 0

Regulator: Federal Reserve Board (FED)

Trust Powers: Trust Power Granted

Data by FIDC (The Federal Deposit Insurance Corporation), last update 2023-11-24

Daily Best Banks' CD Rates

Program
Rate
Bank
1 Yr
4.56%
CIBC Bank USA: 4.56% APY, $1,000 minimum deposit
1 Yr
4.50%
BrioDirect: 4.50% APY, $500 minimum deposit
1 Yr
4.50%
Limelight Bank: 4.50% APY, $1,000 minimum deposit
1 Yr
4.50%
Live Oak Bank: 4.50% APY, $2,500 minimum deposit
1 Yr
4.42%
First Internet Bank of Indiana: 4.42% APY, $1,000 minimum deposit
1 Yr
4.40%
Synchrony Bank: 4.40% APY, $0 minimum deposit
1 Yr
4.40%
Bask Bank: 4.40% APY, $1,000 minimum deposit
1 Yr
4.40%
Bread Savings: 4.40% APY, $1,500 minimum deposit
1 Yr
4.30%
Marcus by Goldman Sachs: 4.30% APY, $500 minimum deposit

*CD Rates are subject to change without notice and may vary from bank to bank and branch to branch. Please contact your local bank for updated bank CD rates.