Bank Independent

TODAY'S FEATURED RATES

Member FDIC

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

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

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

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

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 5^th largest bank in the state of Alabama. It is also the 453^rd 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

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	16604
Year Established	1947
Employees	695
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.92%
Return on Equity - YTD	10.73%
Annual Interest Income	$39.8MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$2.79B$2.72B
Loans	Q1 2025vs Q1 2024	$1.84B$1.79B
Deposits	Q1 2025vs Q1 2024	$2.39B$2.33B
Equity Capital	Q1 2025vs Q1 2024	$244MM$218.9MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$24.4MM$23.6MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$6.2MM$8.8MM
Real Estate Owned	Q1 2025vs Q1 2024	$5K$505K

TODAY'S FEATURED RATES

Member FDIC

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

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

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

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

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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Money Market
Checking
CD

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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

APY	MIN	MAX	ACCOUNT NAME
0.11%	$0	-	Christmas Club
0.05%	$0	-	Regular Savings
0.05%	$0	-	Essential Student Savings

Bank Independent Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$1	-	Independent Money Market

Bank Independent Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$0	-	Independent Interest Checking

Bank Independent CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

Huntsville Area

Huntsville Area bank & credit union details

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