West Central Bank savings, CD and money market rates
West Central Bank advertises 0.30% APY on its Savings Account 1,4 account. That is 0.07 percentage points below the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #1384 of 2767 tracked savings rates by advertised APY. For a $10,000 balance it would rank #1188. It was #136 three months ago. The advertised rate has not changed in the 32 weeks since Banksparency began tracking it, through 1 Federal Reserve rate move.
West Central Bank at a glance
| Savings | |
|---|---|
| Top savings APY | 0.30% · Savings Account 1,4 |
| Minimum to open | $100 · Savings Account 1,4 |
| Against the national average | 0.07 percentage points below the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 3.34% · 12 months · 12-Month CD 1,2 |
| Minimum to open | $1,000 · 12 months CD |
| Against the national average | 1.61 percentage points above the 1.73% FDIC 12-month CD average (Sep 2026) |
| Money market | |
| Top money market APY | 0.75% · Platinum Money Market 1,4 Tier 3 |
| Minimum to open | $50,000 · Platinum Money Market 1,4 Tier 3 |
| Against the national average | 0.12 percentage points above the 0.63% FDIC money market average (Sep 2026) |
| FDIC certificate | 10853 · Ashland, IL |
|---|---|
| Website | www.westcentralbank.com |
| Branches | 6 branches in IL |
| Availability | Available in IL |
West Central Bank savings, CD and money market rates
Personal
IRA
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 60 savings accounts from 59 banks in the Banksparency core savings index, the median advertised rate is 3.66%, and one account in ten advertises 4.16% or more. See the highest savings rates.
West Central Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 1-3 months | 0.70% | $1,000 | 15-90 Day CD 1,2 |
| 3 months | 3.03% | $1,000 | 3-Month CD 1,2 |
| 6 months | 3.29% | $1,000 | 6-Month CD 1,2 |
| 12 months | 3.34% | $1,000 | 12-Month CD 1,2 |
| 15 months | 2.27% | $1,000 | 15-Month FLEX CD 1,2 |
| 15 months | 2.27% | $100 | 15-Month Smart Start CD 1,2 |
| 24 months | 2.32% | $1,000 | 24-Month CD 2 Year 1,2 |
| 30 months | 2.37% | $1,000 | 30-Month FLEX CD 1,3 |
| 36 months | 2.42% | $1,000 | 36-Month CD 3 Year 1,3 |
| 48 months | 2.47% | $1,000 | 48-Month CD 4 Year 1,3 |
| 60 months | 2.52% | $1,000 | 60-Month CD 5 Year 1,3 |
Interactive Tool
Calculate Savings for West Central Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$112.20(0.8%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,112.20
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What West Central Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, West Central Bank paid a higher average rate on savings and money market deposits than 11% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- West Central Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| Savings Account 1,4 | 0.30% | $100 | $0 | None | not stated | not stated | One rate | |
| Christmas Club / Vacation Club 1,4 | 0.30% | $0 | $0 | None | not stated | not stated | One rate | |
| Platinum Money Market 1,4 Tier 3 | 0.75% | $50,000 | $0 | None | not stated | not stated | One rate | |
| Platinum Money Market 1,4 Tier 2 | 0.50% | $25,000 | $0 | None | not stated | not stated | One rate | |
| Platinum Money Market 1,4 Tier 1 | 0.45% | $10,000 | $0 | None | not stated | not stated | One rate | |
| Money Market 1,4 | 0.35% | $2,500 | $0 | None | not stated | not stated | One rate | |
| IRA | ||||||||
| IRA 48 Month Fixed 1,4 | 2.47% | $25 | $0 | None | not stated | not stated | One rate | |
| IRA 24 Month Fixed 1,4 | 2.32% | $25 | $0 | None | not stated | not stated | One rate | |
| IRA Variable Rate 1,5 | 2.02% | $25 | $0 | None | not stated | not stated | One rate | |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| 15-90 Day CD 1,2 | 1-3 months | 0.70% | $1,000 | not stated | not stated |
| 3-Month CD 1,2 | 3 months | 3.03% | $1,000 | not stated | not stated |
| 6-Month CD 1,2 | 6 months | 3.29% | $1,000 | not stated | not stated |
| 12-Month CD 1,2 | 12 months | 3.34% | $1,000 | not stated | not stated |
| 15-Month FLEX CD 1,2 | 15 months | 2.27% | $1,000 | not stated | not stated |
| 15-Month Smart Start CD 1,2 | 15 months | 2.27% | $100 | not stated | not stated |
| 24-Month CD 2 Year 1,2 | 24 months | 2.32% | $1,000 | not stated | not stated |
| 30-Month FLEX CD 1,3 | 30 months | 2.37% | $1,000 | not stated | not stated |
| 36-Month CD 3 Year 1,3 | 36 months | 2.42% | $1,000 | not stated | not stated |
| 48-Month CD 4 Year 1,3 | 48 months | 2.47% | $1,000 | not stated | not stated |
| 60-Month CD 5 Year 1,3 | 60 months | 2.52% | $1,000 | not stated | not stated |
Opening and using the account
| Availability | Available in IL |
|---|---|
| Footprint | 6 branches in IL |
| Eligibility | not stated |
How West Central Bank behaves over time
Every observation of the advertised Savings Account 1,4 rate in the last 12 months was 0.30% (observed through Sep 30, 2026). The series includes promotional tiers where one applied.
West Central Bank has not changed its advertised savings rate in the 32 weeks since Banksparency began tracking it, through 1 Federal Reserve rate move.
- Savings Account 1,4
- The same as 90 days ago.
- 12 months CD
- The same as 90 days ago.
- Platinum Money Market 1,4 Tier 3
- The same as 90 days ago.
- Rate last changed
- Feb 13, 2026(effective date)
$10,000 at the 0.30% APY West Central Bank advertises on Savings Account 1,4 grows to $10,030 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,700 does today. See how the federal funds rate shapes savings rates.
West Central Bank CD rates over time
Who is West Central Bank?
| Headquarters | Ashland, IL |
|---|---|
| Founded | 1933 |
| Scale | $232M assets · $207M deposits, $155M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 10853 |
| Charter state | Illinois · one of 325 insured banks chartered there (Q2 2026, FDIC) |
| Size | 2,730th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 34% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What West Central Bank pays on deposits above.
Common questions about West Central Bank
Is West Central Bank FDIC insured?
Yes. West Central Bank is FDIC insured under certificate 10853, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at West Central Bank?
West Central Bank requires a minimum deposit of $100 to open its Savings Account 1,4 account, as observed on Sep 30, 2026. Check the bank's current terms before you open an account.
Does West Central Bank have branches?
Yes. West Central Bank operates 6 branches according to FDIC branch records, in addition to its website and mobile apps.
West Central Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| West Central Bank | 0.30% | 0.40% | $100 | 6 branches in IL |
| Access Bank | 0.30% | 2.75% | $100 | 6 branches in NE |
| Ambler Savings Bank | 0.30% | 1.59% | $50 | 7 branches in PA |
| Artisans' Bank | 0.30% | 0.91% | $1,000 | 13 branches in DE |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to West Central Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Illinois, nearest to West Central Bank in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: banks in Illinois.