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Bank Independent


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.bibank.com
256-386-5000
710 South Montgomery Avenue
Sheffield, AL 35660

Bank Independent is headquartered in SHEFFIELD and is the 5th largest bank in the state of Alabama. It is also the 453rd largest bank in the nation. It was established in 1947 and as of March of 2025, it had grown to 695 employees at 34 locations. Bank Independent's CD rates are 3X the national average, and it has an A health rating.

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Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #16604
Year Established1947
Employees695
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD10.73%
Annual Interest Income$39.8MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$2.79B$2.72B
LoansQ1 2025vs Q1 2024$1.84B$1.79B
DepositsQ1 2025vs Q1 2024$2.39B$2.33B
Equity CapitalQ1 2025vs Q1 2024$244MM$218.9MM
Loan Loss AllowanceQ1 2025vs Q1 2024$24.4MM$23.6MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$6.2MM$8.8MM
Real Estate OwnedQ1 2025vs Q1 2024$5K$505K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bank Independent Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.11%$0-Christmas Club
0.05%$0-Regular Savings
0.05%$0-Essential Student Savings

Bank Independent Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1-Independent Money Market

Bank Independent Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$0-Independent Interest Checking

Bank Independent CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.64%$1k-7 Month CD Special
3.54%$1k-6 Month CD
3.04%$1k-3 Month CD
3.02%$1k-18 Month CD
3.01%$1k-1 Year CD
2.51%$1k-2 Year CD
2.01%$1k-3 Year CD
2.01%$1k-4 Year CD
2.01%$1k-5 Year CD
0.05%$10k-6 Month Premier Growth CD
0.05%$10k-12 Month Premier Growth CD
0.05%$10k-60 Month Premier Growth CD
Locations

Availability



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