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

Dollar Bank is headquartered in Pittsburgh and is the 8th largest bank in the state of Pennsylvania. It is also the 150th largest bank in the nation. It was established in 1984 and as of September of 2011, it had grown to 1,247 employees at 62 locations. Dollar Bank's savings rates are 3X the national average, and it boasts a 5-star health rating.

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

Dollar Bank Savings Account Rates

ApyMinMaxProduct
1.50%†-$20kFreeMONEY Savings
1.00%†--Relationship Savings
0.10%†$250-Statement Savings
0.10%†--Passbook Savings

Dollar Bank Money Market Rates

ApyMinMaxProduct
0.85%$10k$100kInsured Premium Money Market Account
0.25%†--Premium Money Market Account
0.25%†--IRA Premium Money Market Account
0.10%†--IRA Money Market Account
0.05%†--Money Market Checking

Dollar Bank CD Rates

ApyMinMaxProduct
2.10%†$1k-120 Month Ladder Growth Certificate
2.10%†$1k-120 Month Ladder Income Certificate
2.00%†$2,500-120 Month Traditional Growth Certificate
2.00%†$2,500-120 Month Traditional Income Certificate
1.20%†$2,500-72 Month Traditional Growth Certificate
1.20%†$2,500-72 Month Traditional Income Certificate
1.10%†$1k-60 Month Ladder Growth Certificate
1.10%†$2,500$250k60 Month Relationship Growth Certificate
1.10%†$1k-60 Month Ladder Income Certificate
1.10%†$2,500$250k60 Month Relationship Income Certificate
1.00%†$2,500-60 Month Traditional Growth Certificate
1.00%†$2,500-60 Month Traditional Income Certificate
0.80%†$1k-48 Month Ladder Growth Certificate
0.80%†$1k-48 Month Ladder Income Certificate
0.70%†$2,500-48 Month Traditional Growth Certificate
0.70%†$2,500-48 Month Traditional Income Certificate
0.60%†$5k-36 Month Ladder Growth Certificate
0.60%†$5k-30 Month Ladder Growth Certificate
0.60%†$5k-30 Month Ladder Income Certificate
0.60%†$5k-36 Month Ladder Income Certificate
0.60%$1k-24 Month Ladder Growth Certificate
0.60%$1k-24 Month Ladder Income Certificate
0.50%†$10k-30 Month Traditional Growth Certificate
0.50%†$10k-36 Month Traditional Growth Certificate
0.50%†$2,500-24 Month Traditional Growth Certificate
0.50%†$1k-18 Month Ladder Growth Certificate
0.50%†$2,500$250k18 Month Relationship Growth Certificate
0.50%†$1k-18 Month Ladder Income Certificate
0.50%†$2,500$250k18 Month Relationship Income Certificate
0.50%†$2,500-24 Month Traditional Income Certificate
0.50%†$10k-30 Month Traditional Income Certificate
0.50%†$10k-36 Month Traditional Income Certificate
0.40%†$2,500-18 Month Traditional Growth Certificate
0.40%†$2,500-18 Month Traditional Income Certificate
0.35%†$1k-12 Month Ladder Growth Certificate
0.35%†$2,500$250k12 Month Relationship Growth Certificate
0.35%†$1k-12 Month Ladder Income Certificate
0.35%†$2,500$250k12 Month Relationship Income Certificate
0.25%†$2,500-12 Month Traditional Growth Certificate
0.25%†$2,500-12 Month Traditional Income Certificate
0.20%†$1k-6 Month Ladder Growth Certificate
0.20%†$2,500-15 Month Bump Up Growth Certificate
0.20%†$500-12 Month Flex Growth Certificate
0.20%†$2,500-12 Month Rising Rate Growth Certificate
0.20%†$2,500-9 Month Traditional Growth Certificate
0.20%†$2,500$250k6 Month Relationship Growth Certificate
0.20%†$1k-6 Month Ladder Income Certificate
0.20%†$2,500$250k6 Month Relationship Income Certificate
0.20%†$2,500-9 Month Traditional Income Certificate
0.20%†$500-12 Month Flex Income Certificate
0.20%†$2,500-12 Month Rising Rate Income Certificate
0.20%†$2,500-15 Month Bump Up Income Certificate
0.15%†$2,500-6 Month Traditional Growth Certificate
0.15%†$2,500-6 Month Traditional Income Certificate
0.10%†$2,500-3 Month Traditional Growth Certificate
0.10%†$2,500-3 Month Traditional Income Certificate
0.05%†$2,500-3 Month No Penalty Growth Certificate
0.05%†$2,500-3 Month No Penalty Income Certificate

Dollar Bank IRA Rates

ApyMinMaxProduct
2.10%†$1,500-120 Month CESA Ladder
2.10%†$1,500-120 Month IRA Ladder
2.10%†$1,500-120 Month Roth IRA Ladder
2.00%†$500-120 Month Traditional Term CESA
2.00%†$500-120 Month Traditional Term IRA
2.00%†$500-120 Month Traditional Term Roth IRA
1.20%†$500-72 Month Traditional Term IRA
1.20%†$500-72 Month Traditional Term Roth IRA
1.20%†$500-72 Month Traditional Term CESA
1.10%†$1,500-60 Month IRA Ladder
1.10%†$1,500-60 Month Roth IRA Ladder
1.10%†$1,500-60 Month CESA Ladder
1.00%†$500-60 Month Traditional Term IRA
1.00%†$500-60 Month Traditional Term Roth IRA
1.00%†$500-60 Month Traditional Term CESA
0.80%†$1,500-48 Month IRA Ladder
0.80%†$1,500-48 Month Roth IRA Ladder
0.80%†$1,500-48 Month CESA Ladder
0.70%†$500-48 Month Traditional Term IRA
0.70%†$500-48 Month Traditional Term Roth IRA
0.70%†$500-48 Month Traditional Term CESA
0.60%†$1,500-24 Month CESA Ladder
0.60%†$1,500-24 Month IRA Ladder
0.60%†$1,500-24 Month Roth IRA Ladder
0.50%†$1,500-18 Month IRA Ladder
0.50%†$1,500-18 Month Roth IRA Ladder
0.50%†$1,500-18 Month CESA Ladder
0.50%†$500-24 Month Traditional Term CESA
0.50%†$500-24 Month Traditional Term IRA
0.50%†$500-24 Month Traditional Term Roth IRA
0.40%†$500-18 Month Traditional Term IRA
0.40%†$500-18 Month Traditional Term CESA
0.40%†$500-18 Month Traditional Term Roth IRA
0.35%†$500-12 Month Relationship IRA
0.35%†$1,500-12 Month IRA Ladder
0.35%†$1,500-12 Month Roth IRA Ladder
0.35%†$500-12 Month Relationship Roth IRA
0.35%†$1,500-12 Month CESA Ladder
0.35%†$500-12 Month Relationship CESA
0.25%†$500-12 Month Traditional Term IRA
0.25%†$500-12 Month Traditional Term Roth IRA
0.25%†$500-12 Month Traditional Term CESA
0.20%†$500-9 Month Traditional Term IRA
0.20%†$1,500-6 Month IRA Ladder
0.20%†$1,500-6 Month Roth IRA Ladder
0.20%†$500-9 Month Traditional Term Roth IRA
0.20%†$1,500-6 Month CESA Ladder
0.20%†$500-9 Month Traditional Term CESA
0.10%†$500-3 Month Traditional Term IRA
0.10%†$500-3 Month Traditional Term Roth IRA
0.10%†$500-3 Month Traditional Term CESA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Dollar Bank, Federal Savings Bank
OTS #08043
FDIC Certificate #32245
BankRate ReportView
Year Established1984
Employees1247
Primary RegulatorOCC

Assets and Liabilities

Assets$6.18 billion
Loans$4.80 billion
Deposits$4.85 billion
Equity Capital$641.81 million
Loan Loss Allowance$43.51 million
Unbacked Noncurrent Loans$39.34 million
Real Estate Owned$7.13 million

Historic Data - September 2010

Assets$5.82 billion
Equity Capital$608.22 million
Loan Loss Allowance$32.57 million
Unbacked Noncurrent Loans$46.55 million
Real Estate Owned$6.20 million

Profit Margin - Quarterly

Net Interest Margin3.27%
Return on Assets0.66%
Return on Equity6.47%
Interest Income$174.77 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 September 30, 2011 Dollar Bank had $46.47 million in non-current loans and owned real-estate with $685.32 million in equity and loan loss allowances on hand to cover it. This gives Dollar Bank a Texas Ratio of 6.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Dollar Bank decreased slightly from 8.31% as of September 30, 2010 to 6.78% as of September 30, 2011, resulting in a positive change of 18.37%.This indicates that the balance sheet and financial strength for Dollar Bank has improved slightly in recent periods.
Deposit Growth5
In the past year, Dollar Bank has increased its total deposits by $254.59 million, resulting in 5.55% 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 $6.18 billion in assets with $685.32 million in equity, resulting in a capitalization level of 11.09%, 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.

3

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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