Finworth
Finworth is a digital banking division of INSBANK, a Tennessee state-chartered bank and Member FDIC (Certificate #35521). Deposits at INSBANK and Finworth are combined for the purpose of calculating FDIC insurance limits and are not separately insured.
Very Good CD Rates
This bank, at the time I opened a 14 month cd, had a very competitive rate. Opening account was very easy and straight forward. You can link an external account and fund your cd or withdraw your interest on cd or the principal once your term is ended. No need to open useless checking or saving to transfer money if you want only a cd account.
My emails were responded within day and did not have any problem regarding communications. I did not have to call this bank so far that is a good sign.
I did not found this bank on depositaccounts.com but it has a A+ rating and continuing deposit growth.
Great Bank
I have never had a problem I get my interest monthly they ACH into my external personal checking account like clockwork Breanna really knows stuff.
No Return Calls
This company does not answer phone calls.
It doesn't matter what time of day.
If you leave a msg they may return your call.
Horrible Bank
Denied my application, got to the steps where I answered 3 question about my past addresses and then it denied me.
No Way To Reach Customer Service On Phone
i called so many times and each time it just says to leave a message. I don't think they actually have anyone answering phones there and so i don't trust opening an account where i can't reach anyone during business hours.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35521 |
| Year Established | 2000 |
| Employees | 66 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.07% |
| Return on Equity - YTD | 9.5% |
| Annual Interest Income | $52.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $903.1MM$833.9MM |
| Loans | Q4 2024vs Q4 2023 | $754.9MM$672.4MM |
| Deposits | Q4 2024vs Q4 2023 | $750.7MM$686.2MM |
| Equity Capital | Q4 2024vs Q4 2023 | $98.6MM$93MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $9.9MM$9.1MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $5.3MM$7.4MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |