Overview / Commentary
1-888-I AM-ABLE (1-888-426-2253)
500 Canal Street
Lewiston, ME 04240

Related Posts

ableBanking 4-Year CD Rate Jumps - 11/12/2018

ableBanking (internet bank) has raised the rates on its 3-year CD (3.30% APY) and 4-year CD (3.40% APY). Minimum deposit is $1k and is capped at $240k.

Able Bumps Up Money Market To 1.85% APY - 8/5/2018

Personal Money Market Annual Percentage Yield 1.85% APY $250 minimum deposit to open Up to 6 withdrawals are permitted per month.

ableBanking Pushes Up 1-Year CD APY - 6/18/2018

ableBanking (internet division of Northeast Bank) has raised the rates on its 1-year CD (2.50% APY) and 2-year CD (2.80% APY). Min deposit is $500 and capped at $240k.

View all posts from:


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

Posted by: Ravaan | Nov 20, 2018

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!

VIEW MORE REVIEWS

Health
A+

Health Grade Components

Overall
FDIC Certificate #19690
Year Established1872
Employees174
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.75%
Return on Equity - YTD13.07%
Annual Interest Income$53.2MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$1.21B$1.05B
LoansQ3 2018vs Q3 2017$885.1MM$765.0MM
DepositsQ3 2018vs Q3 2017$1.03B$879.9MM
Equity CapitalQ3 2018vs Q3 2017$161.1MM$142.8MM
Loan Loss AllowanceQ3 2018vs Q3 2017$5.3MM$4.0MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$7.1MM$14.0MM
Real Estate OwnedQ3 2018vs Q3 2017$1.5MM$2.0MM
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
1.85%--Money Market Savings

ableBanking Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.85%--Personal Money Market

ableBanking CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.40%$1k$240k4 Year CD
3.30%$1k$240k3 Year CD
2.80%$1k$240k2 Year CD
2.70%$1k$240k1 Year CD
1.05%$1k$240k6 Month 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.