Empower

Deposits held and insured by Evolve Bank & Trust

Overview | Eligibility Requirements | Receive alerts for this bank

TODAY'S FEATURED RATES

Member FDIC

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

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

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

3.50%

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

empower.me

888-943-8967

301 Shoppingway Boulevard
West Memphis, AR 72301

Deposits held and insured by Evolve Bank & Trust

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Health

Data as of Q1 2025

Data displayed below is for insuring bank: Evolve Bank & Trust

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Empower has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #	1299
Year Established	1925
Employees	395
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	-1.01%
Return on Equity - YTD	-10.63%
Annual Interest Income	$19.8MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$1.6B$1.55B
Loans	Q1 2025vs Q1 2024	$964.5MM$1.04B
Deposits	Q1 2025vs Q1 2024	$1.2B$1.12B
Equity Capital	Q1 2025vs Q1 2024	$160.6MM$158.3MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$15.5MM$17.1MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$7MM$5.2MM
Real Estate Owned	Q1 2025vs Q1 2024	$451K$602K

TODAY'S FEATURED RATES

Member FDIC

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

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

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

3.50%

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

Sorry, we do not have rate data for Empower.

Locations

Empower is an Internet only bank and does not have branch locations. Its headquarters is located at 301 Shoppingway Boulevard - West Memphis, AR 72301

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