ableBanking
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.75% | 1-year CD | 1 Year CD |
| 1.70% | Savings | Money Market Savings |
| 1.70% | Money Market | Personal Money Market 1.00% - Ally Bank Money Market Account |
Related Posts
1/13 - ableBanking’s Money Market Savings Is New Rate Leader
Charity Donation
I asked at ablebanking.com for additional ways to earn $ for the charity of my choice. They replied:
ablebanking.com will donate twenty five dollars to a charity of your choice when you open an account.
"We give you $25 (of our money!) to give to any charity you choose. (Must be a 501(c)3)
When your friends open an account, we’ll give an additional $25 to any 501(c)(3) charity you choose. The more friends you refer, the more good you can do."
My charity choice is Friends of the Shelter,
EIN 810509474. I love this 501(c)(3) group because they provide financial help for pet care without an in depth interrogation. All they want is to help the animals.
We help pet owners with the cost of spaying and neutering their animals in order to help curb animal over-population.
We help pet owners with other unexpected medical costs of illness or injury to their pets.
We help shelter pets with medications, surgeries, treatments and lab test that would not be covered by the shelter's general budget.
We help potential adopters take home animals from the shelter by providing assistance with costs associated with adoption, health care, etc.
If anyone opens an account & uses my name on the form (reply here & I will send you my name), Friends of the Shelter will get $25.
My Experience With ableBanking
When selecting my current money market savings account, I was drawn to ableBanking on the advice of a friend who, knowing I'm up for being charitable, thought it was the sort of thing I would be interested in. I was pleased to see that the free $25 donation you can make for setting up the account could go to pretty much any charity you like rather than just from a small predetermined list so if you have a personal interest in a certain charity then chances are you can donate. I believe that a yearly payment will also go to my charity based on interest. Setting the account up was straight forward and all handled online, their online portal is intuitive and very easy to use even for a beginner like me.
I am very happy with the account so far, my payments into it have been swift and trouble free so other than speaking to a customer service adviser once to confirm my charity of choice (they were very helpful, by the way) I have not actually had to put them to the test all that much. I'm hopeful it's going to be a good banking experience over time, so far it has been.
A giving Bank.
I just started an account with this bank less than a year ago. I wanted to get the benefit of an online bank that offers a better yielding rate on my money market account and this is one of the banks that has great rates for that. I was also surprised to learn that they donate twenty five dollars to a charity of your choice when you open an account. I decided to donate to my mothers church because she has been going there for over twenty years and it also made her very happy to help the lord. Which makes me feel pretty good and after being there a year they donate twenty five percent of your account balance to a charity also. That, plus the good MMA rate had me hooked. Everything is also very simple with their online banking. You can also call if you have any troubles with anything and the folks on the phone are very helpful and polite.
Too Many Limitations With What You Can Do With Your Money
All kinds of surprises with this bank that I didn't realize upon signing. I am with other online banks that are not so restrictive. First of all, I didn't realize I couldn't withdraw any funds until they send me a form I must sign and give back to them (which I am still waiting on) so my money is locked in there. Furthermore, the account can only be linked with one other account at a time. I guess that's fine, but when I decided to change the account it would be linked with, I found out I cannot change the linked account within the first 60 days so my fund are locked in there for the time being. I plan to close the account and move the funds into other online banks that are less restrictive.
Absolute Trash
I submitted an application to this bank to open up a savings account. They said I failed some verification questions about my identity and made me submit additional documentation which I did. I was then told that it would take a couple of days to process and then they would fund the account from my other bank. It's over a month later and I keep getting told when I call and when I go online that the account process is still under review. Are they serious?
Terrible Service - Site, App & Everything Else Plagued With Bugs
I opened up an account for the great rate - which is where the happy part ends. Getting money moved into the account required a phone call, because the website did not work (it got very confused about another account, which replaced it?? no idea). After that, I never even got to see my money because logging in via the app AND online via desktop both would show "no account found."
Calling in many times, the people always blamed technical faults and tried to fix, but nothing ever worked. A part of me thought "is my money even there??" so in the interest of caution, I of course closed everything out -- which was done via a bug-filled form on their site that required another phone call since that didn't work either.
Stay far away. Not worth the hassle. I've wasted two weeks moving money around for this. I would really love to get my time back.
Too Restrictive
I didn't realize they put a hold on incoming ACH credits. I had an ACH payroll deposit that they put on hold. I mean really? What bank does that? I understand if you deposit a check or initiate a ACH from them, but when an external entity deposits funds into an account they are clear and available but evidently this bank doesn't understand risk.
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19690 |
| Year Established | 1872 |
| Employees | 183 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.54% |
| Return on Equity - YTD | 11.6% |
| Annual Interest Income | $62.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $1.04B$1.01B |
| Loans | Q4 2017vs Q4 2016 | $776.0MM$772.7MM |
| Deposits | Q4 2017vs Q4 2016 | $868.1MM$855.4MM |
| Equity Capital | Q4 2017vs Q4 2016 | $145.8MM$129.6MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $4.4MM$3.2MM |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $17.3MM$8.3MM |
| Real Estate Owned | Q4 2017vs Q4 2016 | $912.00K$3.1MM |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Ablebanking's MM Savings Is A New Rate Leader (1.70% APY)
Quick & easy application to open. Knowledgeable agents to answer questions. I applied 1/25 and today 1/29, completed with account # & able to log into account.
Always verify rates and promotions with the bank or credit union. We are not ableBanking; we are a rate comparison website and cannot provide official rates or promotions.
ableBanking Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.70% | $250 | - | Money Market Savings |
ableBanking Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.70% | $250 | - | Personal Money Market |
ableBanking CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.75% | $500 | $240k | 1 Year CD | |
| 1.65% | $500 | $240k | 4 Year CD | |
| 1.05% | $500 | $240k | 6 Month CD | |
| 0.90% | $500 | $240k | 3 Year CD | |
| 0.70% | $500 | $240k | 2 Year CD |
ableBanking is an Internet only bank and does not have branch locations. Its headquarters is located at 500 Canal Street - Lewiston, ME 04240