ableBanking

Deposits held and insured by Northeast Bank

Opened CD Online For First Time With Able

Opened the 2 year, 3.2% today. You have to read and click the disclosures to move forward in the process. Have your DL handy and beneficiary info. Was allowed 3 beneficiaries on a joint CD and able to put charitable organizations by putting part of name as "first" and rest as "second". You will need tax ID#'s for beneficiaries.
In a couple of days 2 micro deposits will go in and out of my external funding bank, then I'll log back in, enter those amounts and when CD is funded they'll mail me signature cards which need to be returned with copy of drivers license. Rep said when CD matures call them and they will ACH to external bank if that's what we want. She said we'll get notice 30 days before maturity. Seemed straight forward, no problems.

A Solid Internet Bank With Fair Rates

I have been with Able now for 6 months. I have had to contact customer service on a few occasions and they have been very knowledgeable and responsive. They do not play games with low ACH limits or long transfer times and offer competitive rates. What more could you ask for?

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.

VIEW MORE REVIEWS

Health
A

Data as of Q2 2021

Data displayed below is for insuring bank: Northeast Bank
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #19690
Year Established1872
Employees168
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD6.5%
Return on Equity - YTD52.79%
Annual Interest Income$41.3MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$2.17B$1.26B
LoansQ2 2021vs Q2 2020$1.03B$991.9MM
DepositsQ2 2021vs Q2 2020$1.88B$1.03B
Equity CapitalQ2 2021vs Q2 2020$232.4MM$164.7MM
Loan Loss AllowanceQ2 2021vs Q2 2020$7.3MM$9.2MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$14.7MM$14.4MM
Real Estate OwnedQ2 2021vs Q2 2020$1.6MM$3.3MM
Rates
Skip to rates for:
Report an Issue

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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Money Market Savings

ableBanking Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Personal Money Market

ableBanking CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$1k$240k4 Year CD
0.15%$1k$240k3 Year CD
0.10%$1k$240k2 Year CD
0.05%$1k$240k6 Month CD
0.05%$1k$240k1 Year CD
Locations

ableBanking is an Internet only bank and does not have branch locations. Its headquarters is located at 500 Canal Street - Lewiston, ME 04240

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.