At Boiling Springs Savings Bank, they believe that true community banking means providing their customers with the best solutions to their financial needs through superior personal and professional service provided by a staff of dedicated people. It also means being a part of the community. They strive to support their communities by making a positive impact on the organizations and neighborhoods within their market.
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NO STAR RATING
I went to Boiling Springs last year to close out a CD that was set up almost 20 yrs ago when my great-grandmother passed away. Since it was the last day of the period allowed, and we did not have a passbook, we were told that we could close the account and pay $10 for the account not having a passbook or they would put a note in the system and next year we would not have any problems. Well, guess what....
Passbooks were not issued because of how the account was opened and when I went to get the money this year, again same issue with the passbooks. The only note put on the account last year was that we came to take it out of a dormant state. They will not let me close the account without a passbook and are going to charge me $10 because I "lost" a passbook that was never issued! First off, to charge me a $10 fee for a passbook is ABSURD and then to make me have one to close the account is even more ridiculous! THIS BANK IS CRAP. I have 4 other accounts in this bank and they are all being closed.
Do yourself a favor, find another bank before they find some reason to charge you for ridiculous things.
My Rating For This Bank Is A Zero
My rating for this bank is a zero. I approached the mortgage department asking for a reprieve for 2 months because I have a seasonal business. I paid my mortage promptly for 15 years but had a rough patch. They treated me like shit and were anxious to trash my credit. They keep sending me late fees for a balance of $3,000. Go to Wachovia in Rutherford and ask for Lina. This is the best bank and they care about their customers. Boiling Springs Savings Bank rates a zero in my book. I will tell all my friends.
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 30052 |
| Year Established | 1939 |
| Employees | 196 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 7.39% |
| Annual Interest Income | $16.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $1.69B$1.68B |
| Loans | Q1 2019vs Q1 2018 | $1.46B$1.44B |
| Deposits | Q1 2019vs Q1 2018 | $1.25B$1.30B |
| Equity Capital | Q1 2019vs Q1 2018 | $222.7MM$210.9MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $13.3MM$14.0MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $4.5MM$5.3MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $1.2MM$2.3MM |
Always verify rates and promotions with the bank or credit union. We are not Blue Foundry Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Blue Foundry Bank Savings Account Rates
Blue Foundry Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.15%* | $250k* | - | Magnum Money Market Checking | ||
| OTHER TIERS: 0.40% → $25k - $100k | 0.50% → $100k - $250k | |||||
| 0.75% | - | - | AxisMoneyMarketChecking | ||
Blue Foundry Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.50% | $1 | - | IOLTA Fund | |
| 0.40% | - | - | Axis Checking | |
| 0.10% | - | - | Classic Checking |
