2.5 star ratingAverage User Rating:
2.5 star rating based on 2 reviews.

Dollar Bank

Dollar Bank Locations
340 Fourth Ave
Pittsburgh, PA 15222
800-828-5527
www.dollarbank.com

FDIC

Dollar Bank is headquartered in Pittsburgh and is the 8th largest bank in the state of Pennsylvania. It is also the 142nd largest bank in the nation. It was established in 1984 and as of December of 2012, it had grown to 1,293 employees at 65 locations. Dollar Bank's savings rates are 2X the national average, and it boasts a 5-star health rating.

Related Posts

$150 Checking Account Bonus at Dollar Bank in Parts of PA & OH - 2/14/2013

Dollar Bank is offering a checking account promotion in which you can earn up to $150. To get the full $150 required debit card purchases, direct deposit and waiting for one year. The full details are ...

High-Yield Savings Account Continues at Dollar Bank in PA & OH - Local Only - 7/21/2011

Dollar Bank offers a high-interest savings account that is a unique variation to a high-yield reward checking concept. The savings account is called FreeMoney Savings and it continues to pays 2.00% AP ...

High-Yield Savings Account at Dollar Bank in Pittsburgh and Cleveland - Local Only - 12/2/2010

Dollar Bank is offering a high-yield savings account that is an interesting variation to a high-yield reward checking concept. The savings account is called FreeMoney Savings and it pays 2.00% APY on ...

$100 Checking Account Promotion at Dollar Bank (Pittsburgh & Cleveland Only) - 3/12/2009

Dollar Bank has a $100 promotion for its FreeMONEY Checking. When you open a new FreeMONEY Checking Account and choose a debit card, your first $50 in debit purchases will be paid by Dollar Bank. Another $50 is for direct deposit. Account must be opened...

2008




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See Rates for: Savings | Money Market | CD | IRA

Dollar Bank Savings Account Rates

ApyMinMaxProduct
1.20%†-$20kFreeMONEY Savings
0.05%†$250-Statement Savings
0.05%†--Passbook Savings

Dollar Bank Money Market Rates

ApyMinMaxProduct
0.10%†--Premium Money Market Account
0.10%†--IRA Premium Money Market Account
0.05%†--Money Market Checking
0.05%†--IRA Money Market Account

Dollar Bank CD Rates

ApyMinMaxProduct
1.85%†$1k-120 Month Ladder Growth Certificate
1.85%†$1k-120 Month Ladder Income Certificate
1.80%†$2,500-120 Month Traditional Growth Certificate
1.80%†$2,500-120 Month Traditional Income Certificate
1.00%†$2,500-72 Month Traditional Growth Certificate
1.00%†$2,500-72 Month Traditional Income Certificate
0.85%†$2,500$250k60 Month Relationship Growth Certificate
0.85%†$2,500$250k60 Month Relationship Income Certificate
0.80%†$1k-60 Month Ladder Growth Certificate
0.80%†$1k-60 Month Ladder Income Certificate
0.75%†$2,500-60 Month Traditional Growth Certificate
0.75%†$2,500-60 Month Traditional Income Certificate
0.60%†$1k-48 Month Ladder Growth Certificate
0.60%†$1k-48 Month Ladder Income Certificate
0.55%†$2,500-48 Month Traditional Growth Certificate
0.55%†$2,500-48 Month Traditional Income Certificate
0.40%†$1k-36 Month Ladder Growth Certificate
0.40%†$1k-36 Month Ladder Income Certificate
0.35%†$2,500-36 Month Traditional Growth Certificate
0.35%†$1k-30 Month Ladder Growth Certificate
0.35%†$1k-30 Month Ladder Income Certificate
0.35%†$2,500-36 Month Traditional Income Certificate
0.30%†$2,500-30 Month Traditional Growth Certificate
0.30%†$2,500$250k18 Month Relationship Growth Certificate
0.30%†$2,500$250k18 Month Relationship Income Certificate
0.30%†$2,500-30 Month Traditional Income Certificate
0.30%$5k-24 Month Ladder Growth Certificate
0.30%$5k-24 Month Ladder Income Certificate
0.25%†$2,500$250k12 Month Relationship Growth Certificate
0.25%†$10k-24 Month Traditional Growth Certificate
0.25%†$1k-18 Month Ladder Growth Certificate
0.25%†$2,500$250k12 Month Relationship Income Certificate
0.25%†$1k-18 Month Ladder Income Certificate
0.25%†$10k-24 Month Traditional Income Certificate
0.20%†$1k-12 Month Ladder Growth Certificate
0.20%†$2,500-18 Month Traditional Growth Certificate
0.20%†$1k-12 Month Ladder Income Certificate
0.20%†$2,500-18 Month Traditional Income Certificate
0.15%†$10k-12 Month Traditional Growth Certificate
0.15%†$2,500-9 Month Traditional Growth Certificate
0.15%†$2,500$250k6 Month Relationship Growth Certificate
0.15%†$2,500$250k6 Month Relationship Income Certificate
0.15%†$2,500-9 Month Traditional Income Certificate
0.15%†$10k-12 Month Traditional Income Certificate
0.13%†$2,500-12 Month Rising Rate Growth Certificate
0.13%†$2,500-12 Month Rising Rate Income Certificate
0.10%†$1k-6 Month Ladder Growth Certificate
0.10%†$2,500-15 Month Bump Up Growth Certificate
0.10%†$500-12 Month Flex Growth Certificate
0.10%†$1k-6 Month Ladder Income Certificate
0.10%†$500-12 Month Flex Income Certificate
0.10%†$2,500-15 Month Bump Up Income Certificate
0.05%†$2,500-3 Month Traditional Growth Certificate
0.05%†$2,500-6 Month Traditional Growth Certificate
0.05%†$2,500-3 Month Traditional Income Certificate
0.05%†$2,500-6 Month Traditional Income Certificate
0.03%†$2,500-3 Month No Penalty Growth Certificate
0.03%†$2,500-3 Month No Penalty Income Certificate

Dollar Bank IRA Rates

ApyMinMaxProduct
1.85%†$1,500-120 Month CESA Ladder
1.85%†$1,500-120 Month IRA Ladder
1.85%†$1,500-120 Month Roth IRA Ladder
1.80%†$500-120 Month Traditional Term CESA
1.80%†$500-120 Month Traditional Term IRA
1.80%†$500-120 Month Traditional Term Roth IRA
1.00%†$500-72 Month Traditional Term IRA
1.00%†$500-72 Month Traditional Term Roth IRA
1.00%†$500-72 Month Traditional Term CESA
0.80%†$1,500-60 Month IRA Ladder
0.80%†$1,500-60 Month Roth IRA Ladder
0.80%†$1,500-60 Month CESA Ladder
0.75%†$500-60 Month Traditional Term IRA
0.75%†$500-60 Month Traditional Term Roth IRA
0.75%†$500-60 Month Traditional Term CESA
0.60%†$1,500-48 Month IRA Ladder
0.60%†$1,500-48 Month Roth IRA Ladder
0.60%†$1,500-48 Month CESA Ladder
0.55%†$500-48 Month Traditional Term IRA
0.55%†$500-48 Month Traditional Term Roth IRA
0.55%†$500-48 Month Traditional Term CESA
0.40%†$1,500-36 Month CESA Ladder
0.40%†$1,500-36 Month IRA Ladder
0.40%†$1,500-36 Month Roth IRA Ladder
0.35%†$500-36 Month Traditional Term CESA
0.35%†$500-36 Month Traditional Term IRA
0.35%†$500-36 Month Traditional Term Roth IRA
0.35%†$1,500-30 Month CESA Ladder
0.35%†$1,500-30 Month IRA Ladder
0.35%†$1,500-30 Month Roth IRA Ladder
0.30%†$500-30 Month Traditional Term IRA
0.30%†$500-30 Month Traditional Term Roth IRA
0.30%†$500-30 Month Traditional Term CESA
0.30%†$1,500-24 Month CESA Ladder
0.30%†$1,500-24 Month IRA Ladder
0.30%†$1,500-24 Month Roth IRA Ladder
0.25%†$500-12 Month Relationship IRA
0.25%†$500-12 Month Relationship Roth IRA
0.25%†$500-12 Month Relationship CESA
0.25%†$1,500-18 Month IRA Ladder
0.25%†$1,500-18 Month Roth IRA Ladder
0.25%†$1,500-18 Month CESA Ladder
0.25%†$500-24 Month Traditional Term CESA
0.25%†$500-24 Month Traditional Term IRA
0.25%†$500-24 Month Traditional Term Roth IRA
0.20%†$1,500-12 Month IRA Ladder
0.20%†$1,500-12 Month Roth IRA Ladder
0.20%†$1,500-12 Month CESA Ladder
0.20%†$500-18 Month Traditional Term IRA
0.20%†$500-18 Month Traditional Term CESA
0.20%†$500-18 Month Traditional Term Roth IRA
0.15%†$500-9 Month Traditional Term IRA
0.15%†$500-12 Month Traditional Term IRA
0.15%†$500-9 Month Traditional Term Roth IRA
0.15%†$500-12 Month Traditional Term Roth IRA
0.15%†$500-9 Month Traditional Term CESA
0.15%†$500-12 Month Traditional Term CESA
0.10%†$1,500-6 Month IRA Ladder
0.10%†$1,500-6 Month Roth IRA Ladder
0.10%†$1,500-6 Month CESA Ladder
0.05%†$500-3 Month Traditional Term IRA
0.05%†$500-3 Month Traditional Term Roth IRA
0.05%†$500-3 Month Traditional Term CESA

Rates updated: 5/22/2013

Data for Q4 2012


Institution Statistics


Dollar Bank, Federal Savings Bank
OTS #08043
FDIC Certificate #32245
BankRate ReportView
Year Established1984
Employees1293
Primary RegulatorOCC

Assets and Liabilities

Assets$6.67 billion
Loans$5.21 billion
Deposits$5.31 billion
Equity Capital$682.99 million
Loan Loss Allowance$43.95 million
Unbacked Noncurrent Loans$43.51 million
Real Estate Owned$2.28 million

Historic Data - December 2011

Assets$6.35 billion
Equity Capital$640.33 million
Loan Loss Allowance$39.73 million
Unbacked Noncurrent Loans$37.66 million
Real Estate Owned$6.74 million

Profit Margin - Quarterly

Net Interest Margin3.1%
Return on Assets0.7%
Return on Equity6.86%
Interest Income$229.09 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Dollar Bank had $45.79 million in non-current loans and owned real-estate with $726.94 million in equity and loan loss allowances on hand to cover it. This gives Dollar Bank a Texas Ratio of 6.30% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Dollar Bank held steady from 6.48% as of December 31, 2011 to 6.30% as of December 31, 2012, resulting in a positive change of 2.80%.This indicates that the balance sheet and financial strength for Dollar Bank has held steady in recent periods.
Deposit Growth5
In the past year, Dollar Bank has increased its total deposits by $333.63 million, resulting in 6.71% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Dollar Bank has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Dollar Bank has $6.67 billion in assets with $726.94 million in equity, resulting in a capitalization level of 10.89%, which is above average.
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Fee Fee And More Fees
1 stars - metelhead - Friday, December 2, 2011 - 7:08 PM

I have been with dollar bank for about 12 years. All about the fees !! constantly increasing !! they recently changed my account type with out notice and started to charge ATM fees along with a monthly service fee that just started to show up out of the blue. Currently looking for a new bank.

4

Already Belong
4 stars - Anonymous - Monday, February 22, 2010 - 10:16 AM

Already belong, they are a good solid local bank here. Very glad to see local with good rates again! Especially with the ING rate drop.

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