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Reviews (2)

My Experience With ableBanking

Posted by: BillyBeef | Jan 2, 2015

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.


Health Grade Components

FDIC Certificate #19690
Year Established1872
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD9.12%
Annual Interest Income$50.6MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$1.01B$893.4MM
LoansQ4 2016vs Q4 2015$772.7MM$684.3MM
DepositsQ4 2016vs Q4 2015$855.4MM$743.5MM
Equity CapitalQ4 2016vs Q4 2015$129.6MM$110.9MM
Loan Loss AllowanceQ4 2016vs Q4 2015$3.2MM$3.0MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$8.3MM$6.3MM
Real Estate OwnedQ4 2016vs Q4 2015$3.1MM$1.2MM
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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

1.00%$250-Money Market Savings

ableBanking Money Market Rates

1.00%$250-Personal Money Market

ableBanking CD Rates

1.65%$1k$240k4 Year CD
0.90%$1k$240k3 Year CD
0.80%$1k$240k6 Month CD
0.70%$1k$240k2 Year CD
0.65%$1k$240k1 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