First Savings Bank of Hegewisch

Overview / Commentary
13220 South Baltimore Avenue
Chicago, IL 60633

First Savings Bank of Hegewisch is headquartered in CHICAGO and is the 65th largest bank in the state of Illinois. It is also the 1,226th largest bank in the nation. It was established in 1914 and as of December of 2023, it had grown to 97 employees at 14 locations. First Savings Bank of Hegewisch's money market rates are 7X the national average, and it has an A health rating.

Reviews (1)

1960S Banking At Its Worst

Posted by: |

It’s a small neighborhood bank.

Pros - most of the employees know you and will go out of their way to help.

Cons - Welcome to 1960s banking
If you have a problem with a purchase they don’t have your back, the retailer is always right
They may not allow you to take money out of your account
They may not allow you to deposit money in your account

I can’t say if there are racist ideologies at the Lynwood location or not but after 30 years of banking there I was not allowed to deposit a $1400 personal check drawn from my other bank and was told I would have to open a savings account to make the deposit & no one capable of making the savings account was at work.

When I contacted the bank they lied about what had transpired. I am closing my account.


Health Grade Components

FDIC Certificate #29809
Year Established1914
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.22%
Return on Equity - YTD1.51%
Annual Interest Income$25.2MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$792.9MM$812.4MM
LoansQ4 2023vs Q4 2022$395.5MM$411.5MM
DepositsQ4 2023vs Q4 2022$673.3MM$693.5MM
Equity CapitalQ4 2023vs Q4 2022$117.9MM$116.5MM
Loan Loss AllowanceQ4 2023vs Q4 2022$2.2MM$1.8MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$237K$431K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not First Savings Bank of Hegewisch; 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.

First Savings Bank of Hegewisch Savings Account Rates

0.03%--IRA Statement Savings
0.02%--Variable Savings
0.02%$1k-Ultimate Savings

First Savings Bank of Hegewisch Money Market Rates

3.25%*$150k*-Diamond Money Market
OTHER TIERS: 2.02% $50k - $75k | 2.27% $75k - $100k | 3.00% $100k - $150k
1.05%*$25k*-Premier Money Market Account
OTHER TIERS: 0.65% $1.5k - $7.5k | 0.70% $7.5k - $15k | 1.00% $15k - $25k

First Savings Bank of Hegewisch Checking Account Rates

1.76%$250-FSBH E-Account
0.01%$500-Free Checking Plus Interest
0.01%$100-Senior Checking
0.01%$100-Student Checking

First Savings Bank of Hegewisch CD Rates

5.13%$1k-18 Month Variable Certificate Special
5.05%$1k-9 Month CD Special
4.50%$1k-12 Month Share Certificate Special
4.25%$10k-3 Month CD Special
4.25%$1k-24 Month Share Certificate Special
2.00%$50-College Savers 3 Year CD Special
2.00%$50-College Savers 4 Year CD Special

First Savings Bank of Hegewisch IRA Rates

3.75%$10-24 Month IRA Certificate
3.50%$10-16 Month IRA Certificate
3.00%$10-6 Month IRA Certificate


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