ableBanking
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.70% | 1-year CD | 2.65% - Barclays 12 Month Online CD |
| 1.85% | Savings | 2.00% - Ally Bank Online Savings Account |
| 1.85% | Money Market | 2.00% - Ally Bank Online Savings Account |
Related Posts
8/5 - Able Bumps Up Money Market To 1.85% APY
6/18 - ableBanking Pushes Up 1-Year CD APY
6/16 - 2.50% APY 1-Year CD & 2.80% APY 2-Year CD
1/29 - Ablebanking's MM Savings Is A New Rate Leader (1.70% APY)
1/13 - ableBanking’s Money Market Savings Is New Rate Leader
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 Long Time Customer
My son and I have had individual accounts with Able for a few years in money market accounts. In the early years, their website was a little clunky, but that situation has been mostly remedied. The staff, while small, has always been very friendly and helpful. My son was an early customer so he can write checks on his account. I cannot, but it's easy to transfer money to my check writing bank. We're happy with them.
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.
Caution For Online Account Opening
Wanted to open an online CD and thought to check their Truth in Savings Disclosure document. They have quite a few documents available online BEFORE you open an account, but NOT the Truth in Savings document. The customer service agent informed me that it is presented ONLY AFTER all the account opening details are given online. This is opposite from all other banks I work with. They present Truth in Savings BEFORE we share our details with the bank. I do not feel comfortable dealing with a bank that hides this particular document, but shows the rest!
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19690 |
| Year Established | 1872 |
| Employees | 174 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.75% |
| Return on Equity - YTD | 13.07% |
| Annual Interest Income | $53.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $1.21B$1.05B |
| Loans | Q3 2018vs Q3 2017 | $885.1MM$765.0MM |
| Deposits | Q3 2018vs Q3 2017 | $1.03B$879.9MM |
| Equity Capital | Q3 2018vs Q3 2017 | $161.1MM$142.8MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $5.3MM$4.0MM |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $7.1MM$14.0MM |
| Real Estate Owned | Q3 2018vs Q3 2017 | $1.5MM$2.0MM |
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 |
|---|---|---|---|---|
| 1.85% | - | - | Money Market Savings |
ableBanking Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.85% | - | - | Personal Money Market |
ableBanking CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.40% | $1k | $240k | 4 Year CD | |
| 3.30% | $1k | $240k | 3 Year CD | |
| 2.80% | $1k | $240k | 2 Year CD | |
| 2.70% | $1k | $240k | 1 Year CD | |
| 1.05% | $1k | $240k | 6 Month CD |
ableBanking is an Internet only bank and does not have branch locations. Its headquarters is located at 500 Canal Street - Lewiston, ME 04240