Institution for Savings

93 State Street, P.O. Box 510
Newburyport, MA 01950
800-437-6703
www.institutionforsavings.com

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Institution for Savings is headquartered in Newburyport and is the 20^th largest bank in the state of Massachusetts. It is also the 535^th largest bank in the nation. It was established in 1820 and as of September of 2011, it had grown to 110 employees at 8 locations. Institution for Savings has a 5-star health rating.

Top 3-Year CD Rate at Institution for Savings in MA - Local Only - 11/3/2011

Institution for Savings is offering another hot CD special that's similar to its September special. This new one is a 3-year CD with a 2.50% APY. Minimum deposit is $500. This rate is listed on the ba ...

Special 40-Month CD Rate at Institution for Savings in MA - Local Only - 9/12/2011

Institution for Savings is offering a CD special as part of a new-branch promotion. It's a very competitive CD with a 2.50% APY for a 40-month term. Minimum deposit is $500, and the maximum is $500,00 ...

Top Massachusetts CD Rates at Institution for Savings - Local Only - 6/17/2011

Institution for Savings did something that's rare these days. It made substantial increases on many of its CD rates. The three best rates as listed at the bank's rate table as of 6/17/2011 include: ...

Top CD Rates At Institution For Savings, Newburyport MA (Forum) - 6/17/2011

30 and 36 month 2.50% 48 month 2.75% 60 month 3.00% They offered a nice 20 month promo rate which I opened a couple of and they mature in a couple weeks, looks like they might be offering these decent deals to keep that money. Bank has DIF

2010

2009

11/2 - 2.00% 9-Month CD & 2.50% 20-Month CD at Institution for Savings in MA - Local Only

2008

2/8 - Reward Checking Account at a Massachusetts Bank (Institution for Savings)

2007

6/25 - 5.50% 7-Month CD at a Massachusetts Bank (Institution for Savings)

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

Institution for Savings Checking Account Rates

Apy	Min	Max	Product
1.01%	$500	$50k	Bonus Checking
1.01%	$500k	-	Business Sweep Account
0.25%	-	-	Personal Checking
0.25%	-	-	Simple Business NOW Checking

Institution for Savings Savings Account Rates

Apy	Min	Max	Product
0.75%	$25k	-	Gold Combo
0.75%	$25k	-	Business Gold Savings - Gold Combo
0.50%	$50k	-	Preferred Savings Account
0.50%	$50k	-	Business Preferred Savings Account
0.25%	-	-	Statement Savings
0.25%	-	-	Passbook Savings
0.25%	-	-	Business Statement Savings Rates

Institution for Savings Money Market Rates

Apy	Min	Max	Product
1.05%	$100k	-	Gold Combo
1.05%	$100k	-	Business Gold MMDA - Gold Combo
0.75%	$75k	-	Premium Money Market
0.75%	$75k	-	Premium Money Market/CD Combo
0.75%	$100k	-	Money Market
0.75%	$75k	-	Business Premium Money Market
0.75%	$100k	-	Business Money Market Rates

Institution for Savings CD Rates

Apy	Min	Max	Product
2.50%	$500	-	60 Month Term Deposit Certificate
2.00%	$500	-	36 Month Term Deposit Certificate
2.00%	$500	-	48 Month Term Deposit Certificate
1.01%	$500	-	18 Month Term Deposit Certificate
1.01%	$500	-	20 Month Term Deposit Certificate
1.01%	$500	-	24 Month Term Deposit Certificate
1.01%	$500	-	30 Month Term Deposit Certificate
0.80%	$25k	-	6 Month Premium Money Market/CD Combo
0.75%	$500	-	12 Month Term Deposit Certificate
0.75%	$500	-	15 Month Term Deposit Certificate
0.50%	$500	-	3 Month Term Deposit Certificate
0.50%	$500	-	6 Month Term Deposit Certificate
0.50%	$500	-	7 Month Term Deposit Certificate
0.50%	$500	-	9 Month Term Deposit Certificate

Institution for Savings IRA Rates

Apy	Min	Max	Product
2.50%	$500	-	60 Month Term Deposit IRA Certificate
2.50%	$500	-	60 Month Term Deposit Roth IRA Certificate
2.50%	$500	-	60 Month Term Deposit SEP IRA Certificate
2.00%	$500	-	36 Month Term Deposit IRA Certificate
2.00%	$500	-	48 Month Term Deposit IRA Certificate
2.00%	$500	-	36 Month Term Deposit Roth IRA Certificate
2.00%	$500	-	48 Month Term Deposit Roth IRA Certificate
2.00%	$500	-	36 Month Term Deposit SEP IRA Certificate
2.00%	$500	-	48 Month Term Deposit SEP IRA Certificate
2.00%	$500	-	36 Month Term Deposit CESA Certificate
2.00%	$500	-	48 Month Term Deposit CESA Certificate
2.00%	$500	-	60 Month Term Deposit CESA Certificate
1.01%	$500	-	18 Month Term Deposit IRA Certificate
1.01%	$500	-	20 Month Term Deposit IRA Certificate
1.01%	$500	-	24 Month Term Deposit IRA Certificate
1.01%	$500	-	30 Month Term Deposit IRA Certificate
1.01%	$500	-	18 Month Term Deposit Roth IRA Certificate
1.01%	$500	-	20 Month Term Deposit Roth IRA Certificate
1.01%	$500	-	24 Month Term Deposit Roth IRA Certificate
1.01%	$500	-	30 Month Term Deposit Roth IRA Certificate
1.01%	$500	-	18 Month Term Deposit SEP IRA Certificate
1.01%	$500	-	20 Month Term Deposit SEP IRA Certificate
1.01%	$500	-	24 Month Term Deposit SEP IRA Certificate
1.01%	$500	-	18 Month Term Deposit CESA Certificate
1.01%	$500	-	20 Month Term Deposit CESA Certificate
1.01%	$500	-	24 Month Term Deposit CESA Certificate
1.01%	$500	-	30 Month Term Deposit CESA Certificate
1.01%	$500	-	30 Month Term Deposit SEP IRA Certificate
0.75%	$500	-	12 Month Term Deposit IRA Certificate
0.75%	$500	-	15 Month Term Deposit IRA Certificate
0.75%	$500	-	12 Month Term Deposit Roth IRA Certificate
0.75%	$500	-	15 Month Term Deposit Roth IRA Certificate
0.75%	$500	-	12 Month Term Deposit SEP IRA Certificate
0.75%	$500	-	15 Month Term Deposit SEP IRA Certificate
0.75%	$500	-	12 Month Term Deposit CESA Certificate
0.75%	$500	-	15 Month Term Deposit CESA Certificate
0.50%	$500	-	3 Month Term Deposit IRA Certificate
0.50%	$500	-	6 Month Term Deposit IRA Certificate
0.50%	$500	-	7 Month Term Deposit IRA Certificate
0.50%	$500	-	9 Month Term Deposit IRA Certificate
0.50%	$500	-	3 Month Term Deposit Roth IRA Certificate
0.50%	$500	-	6 Month Term Deposit Roth IRA Certificate
0.50%	$500	-	7 Month Term Deposit Roth IRA Certificate
0.50%	$500	-	9 Month Term Deposit Roth IRA Certificate
0.50%	$500	-	3 Month Term Deposit CESA Certificate
0.50%	$500	-	3 Month Term Deposit SEP IRA Certificate
0.50%	$500	-	6 Month Term Deposit SEP IRA Certificate
0.50%	$500	-	7 Month Term Deposit SEP IRA Certificate
0.50%	$500	-	9 Month Term Deposit SEP IRA Certificate
0.50%	$500	-	6 Month Term Deposit CESA Certificate
0.50%	$500	-	7 Month Term Deposit CESA Certificate
0.50%	$500	-	9 Month Term Deposit CESA Certificate

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

Institution for Savings in Newburyport and Its Vicinity
FDIC Certificate #	90250
BankRate Report	View
Year Established	1820
Employees	110
Primary Regulator	FDIC
Assets and Liabilities
Assets	$1.24 billion
Loans	$747.48 million
Deposits	$999.50 million
Equity Capital	$158.98 million
Loan Loss Allowance	$5.05 million
Unbacked Noncurrent Loans	$4.72 million
Real Estate Owned	$446,000
Historic Data - September 2010
Assets	$1.16 billion
Equity Capital	$152.45 million
Loan Loss Allowance	$4.98 million
Unbacked Noncurrent Loans	$3.76 million
Profit Margin - Quarterly
Net Interest Margin	2.65%
Return on Assets	1.36%
Return on Equity	10.19%
Interest Income	$34.56 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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 Institution for Savings had $5.16 million in non-current loans and owned real-estate with $164.03 million in equity and loan loss allowances on hand to cover it. This gives Institution for Savings a Texas Ratio of 3.15% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Institution for Savings held steady from 2.39% as of September 30, 2010 to 3.15% as of September 30, 2011, resulting in a negative change of 31.73%. This indicates that the balance sheet and financial strength for Institution for Savings has held steady in recent periods.
Deposit Growth
In the past year, Institution for Savings has increased its total deposits by $74.23 million, resulting in 8.02% 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 Institution for Savings has shown is excellent.
Capitalization
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. Institution for Savings has $1.24 billion in assets with $164.03 million in equity, resulting in a capitalization level of 13.25%, which is excellent.