BankFinancial, FSB

Overview / Commentary
21110 South Western Avenue
Olympia Fields, IL 60461

BankFinancial, FSB is headquartered in Olympia Fields and is the 36th largest bank in the state of Illinois. It is also the 652nd largest bank in the nation. It was established in 1924 and as of June of 2022, it had grown to 200 employees at 20 locations. BankFinancial, FSB's money market rates are 70% higher than the national average, and it has an A health rating.

Reviews (1)

I Do Not Enjoy This Bank.

The only reason I stayed with this bank for so long is that it's convenient to where I live. After all this time (probably at least 20 plus years) I have direct deposit of my SS check, three insurance payments are automatically deducted at the first of the month and I have numerous utility bills also deducted automatically. Here's my biggest beef; they charge you $3.50 to make an external transfer to another bank. Every other bank does not charge anything for this service; ridiculous.


Health Grade Components

FDIC Certificate #28808
Year Established1924
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD5.72%
Annual Interest Income$24.6MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.64B$1.66B
LoansQ2 2022vs Q2 2021$1.14B$1.03B
DepositsQ2 2022vs Q2 2021$1.46B$1.47B
Equity CapitalQ2 2022vs Q2 2021$165.4MM$165.8MM
Loan Loss AllowanceQ2 2022vs Q2 2021$7.2MM$6.9MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.7MM$884.00K
Real Estate OwnedQ2 2022vs Q2 2021$274.00K$475.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

BankFinancial, FSB Savings Account Rates

0.50%*$10k*-Self Directed IRA Account
OTHER TIERS: 0.25% Up to $10k
0.25%$1k-Spectrum Select Savings
0.25%$1k-Spectrum Select Business Savings
0.15%$150-Business Savings Accounts
0.15%--Kids Savings Account
0.15%$150-Everyday Savings Account

BankFinancial, FSB Money Market Rates

1.50%*$250k*-Spectrum Select Money Market
OTHER TIERS: 0.25% Up to $10k | 0.50% $10k - $25k | 0.75% $25k - $50k | 1.00% $50k - $1m | 1.25% $100k - $250k
1.50%*$1m*-Spectrum Select Business Money Market
OTHER TIERS: 0.25% Up to $25k | 0.50% $25k - $50k | 0.75% $50k - $75k | 1.00% $75k - $250k | 1.25% $250k - $1m
0.75%*$250k*-Personal Money Market
OTHER TIERS: 0.25% Up to $2.5k | 0.50% $2.5k - $250k
0.75%*$75k*-Business Money Market
OTHER TIERS: 0.25% Up to $2.5k | 0.50% $2.5k - $75k
0.75%*$25k*-Public Funds Money Market
OTHER TIERS: 0.25% Up to $2.5k | 0.50% $2.5k - $25k

BankFinancial, FSB Checking Account Rates

3.20%--IOLTA Checking
1.00%*$100k*-Spectrum Select Checking
OTHER TIERS: 0.15% Up to $10k | 0.20% $10k - $25k | 0.30% $25k+ | 0.75% $50k - $100k
1.00%*-$25keRewards Checking
OTHER TIERS: 0.25% $25k+
0.75%*$50k*-Public Funds Checking
OTHER TIERS: 0.25% Up to $50k
0.75%*$75k*-Spectrum Select Business Checking
OTHER TIERS: 0.15% Up to $10k | 0.20% $10k - $25k | 0.30% $25k - $50k | 0.50% $50k - $75k
0.10%$1.5k-Small Business Checking
0.10%$1.5k-Civic Checking
0.01%--Express Checking

BankFinancial, FSB CD Rates

4.01%$10k-22 Month Spectrum Select CD
4.01%$10k-Business 22 Month Spectrum Select CD
3.75%$10k-15 Month Spectrum Select CD
3.75%*$1k*$250k18 Month Jump Rate CD
OTHER TIERS: 2.00% $250k+
3.75%*$1k*$250kBusiness 18 Month Jump Rate CD
OTHER TIERS: 2.00% $250k+
3.75%$10k-Business 15 Month Spectrum Select CD
3.50%$10k-11 Month Spectrum Select CD
3.50%$10k-Business 11 Month Spectrum Select CD
3.00%$1k-5 Year CD
3.00%$1k-Business 5 Year CD
2.85%$1k-4 Year CD
2.85%$1k-Business 4 Year CD
2.75%$1k-3 Year CD
2.75%$1k-Business 3 Year CD
2.50%$1k-2.5 Year CD
2.50%$1k-Business 2.5 Year CD
2.25%$1k-2 Year CD
2.25%*$1k*-2 Year Goal Setter CD
OTHER TIERS: 0.40% $25 - $1k
2.25%$1k-Business 2 Year CD
2.00%$1k-1.5 Year CD
2.00%$10k-4 Month Spectrum Select CD
2.00%$10k-Business 4 Month Spectrum Select CD
1.50%$1k-1 Year CD
1.50%*$1k*-1 Year Goal Setter CD
OTHER TIERS: 0.35% $25 - $1k
1.50%$1k-Business 1 Year CD
1.40%$500-1 Year Kids CD
1.25%$1k-6 Month CD
1.25%*$1k*-6 Month Goal Setter CD
OTHER TIERS: 0.30% $25 - $1k
1.25%$1k-Business 6 Month CD
1.15%$500-6 Month Kids CD
1.00%$1k-91 Day CD
1.00%$1k-Business 91 Day CD
1.00%$10k-30 Day Spectrum Select CD
1.00%$10k-Business 30 Day Spectrum Select CD

BankFinancial, FSB IRA Rates

4.79%$500-18 Month Variable Rate
4.01%$10k-22 Month Spectrum Select IRA
3.75%*$1k*$250k18 Month Jump Rate IRA
OTHER TIERS: 2.00% $250k+
3.75%$10k-15 Month Spectrum Select IRA
3.50%$10k-11 Month Spectrum Select IRA
3.00%$500-5 Year IRA
2.85%$500-4 Year IRA
2.75%$500-3 Year IRA
2.50%$500-2.5 Year IRA
2.25%$500-2 Year IRA
2.00%$500-1.5 Year IRA
1.50%$500-1 Year IRA
1.25%$500-6 Month IRA
1.00%$500-91 Day IRA


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