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Five Star Bank


Overview / Commentary
www.five-starbank.com
877-226-5578
55 North Main Street
Warsaw, NY 14569

Five Star Bank is headquartered in WARSAW and is the 21st largest bank in the state of New York. It is also the 239th largest bank in the nation. It was established in 1881 and as of June of 2023, it had grown to 591 employees at 49 locations. Five Star Bank's money market rates are 11X the national average, and it has an A health rating.

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Reviews (1)

A great NY banking institution-Five Star Bank

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A few years back another local chain of banks I was with transferred hands. At first I was leery with a bank change that was out of my control, as has happened in the past, but Five Star was a seemless transition. I received my new information (bank cards/checks along with a welcome package) about a month before the transition to my new bank to ease the tension and frustration of having my hands tied during the change. Once everything was set up and rolling with Five Star, I can honestly say the past few years I've been with them has been overall a great experience. I get my non Five Star ATM withdrawl feels waived monthly just for having a direct deposit set up to my account. Their online banking platform has steadily improved for being a local bank, their app is easy to use, up to date, and very functional. I enjoy the ability like many other large retailers have now, to be able to take aphoto of my check and deposit it to my account straight from the app in the comfort of my own home.

Once I was the victim of fraud as my credit card information was taken and was being used to purchase large items online, it took ONE purchase in a different state of this magnitude for Five Star to hold my card transactions, call me immediately and discuss what happened. Although this was a scary moment, and very frustrating, Five Star sent out a new card right away and in two days I was back to my normal banking. Again, Five Star has been absolutely wonderful since the transition and continued into my normal every day banking. I would reccomend them to anyone looking for a local place to bank with in NY state.

1


Health
A

Data as of Q2 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #659
Year Established1881
Employees591
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD12.49%
Annual Interest Income$135.5MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$6.10B$5.53B
LoansQ2 2023vs Q2 2022$4.35B$3.73B
DepositsQ2 2023vs Q2 2022$5.07B$4.84B
Equity CapitalQ2 2023vs Q2 2022$445.2MM$453.0MM
Loan Loss AllowanceQ2 2023vs Q2 2022$49.8MM$42.4MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$9.3MM$6.0MM
Real Estate OwnedQ2 2023vs Q2 2022$163.00K$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Five Star 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.

Five Star Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Health Savings Account
0.05%--Club Account
0.04%--Statement Savings
0.04%--Business Savings

Five Star Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%--Money Market - Introductory Rate (New Money)
0.20%*$2.5k*-Business Money Market
OTHER TIERS: 0.15% → Up to $2.5k
0.10%--Premier Money Market
0.05%--Money Market

Five Star Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--NOW Business Checking
0.07%*$25k*-Premier Checking
OTHER TIERS: 0.05% → Up to $25k

Five Star Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$500$250k13 Month Premier CD Special w/Premier Checking - New Money
5.00%$500$250kBusiness 13 Month Premier CD Special w/Business Checking - New Money
5.00%$500$250k13 Month CD Special w/5 Star Plus, Tradional or Progress Checking - New Money
5.00%$500$250k8 Month CD Special w/5 Star Plus, Tradional or Progress Checking - New Money
5.00%$500$250k8 Month Premier CD Special w/Premier Checking - New Money
5.00%$500$250kBusiness 8 Month Premier CD Special w/Business Checking - New Money
0.50%$500$250k48 Month Premier CD
0.50%$500$250k60 Month Premier CD
0.50%$500$250kBusiness 48 Month Premier CD
0.50%$500$250kBusiness 60 Month Premier CD
0.45%$500$250k36 Month Premier CD
0.45%$500$250kBusiness 36 Month Premier CD
0.45%$500$250k32 Month Premier CD
0.45%$500$250kBusiness 32 Month Premier CD
0.40%$500$250k48 Month CD
0.40%$500$250k60 Month CD
0.40%$500$250k24 Month Premier CD
0.40%$500$250k30 Month Premier CD
0.40%$500$250kBusiness 24 Month Premier CD
0.40%$500$250kBusiness 30 Month Premier CD
0.40%$500$250kBusiness 48 Month CD
0.40%$500$250kBusiness 60 Month CD
0.35%$500$250k36 Month CD
0.35%$500$250k18 Month Premier CD
0.35%$500$250kBusiness 18 Month Premier CD
0.35%$500$250kBusiness 36 Month CD
0.35%$500$250k32 Month CD
0.35%$500$250kBusiness 32 Month CD
0.30%$500$250k24 Month CD
0.30%$500$250k30 Month CD
0.30%$500$250k12 Month Premier CD
0.30%$500$250k15 Month Premier CD
0.30%$500$250kBusiness 12 Month Premier CD
0.30%$500$250kBusiness 15 Month Premier CD
0.30%$500$250kBusiness 24 Month CD
0.30%$500$250kBusiness 30 Month CD
0.25%$500$250k18 Month CD
0.25%$500$250kBusiness 18 Month CD
0.20%$500$250k12 Month CD
0.20%$500$250k15 Month CD
0.20%$500$250k3 Month Premier CD
0.20%$500$250k6 Month Premier CD
0.20%$500$250k9 Month Premier CD
0.20%$500$250kBusiness 3 Month Premier CD
0.20%$500$250kBusiness 6 Month Premier CD
0.20%$500$250kBusiness 9 Month Premier CD
0.20%$500$250kBusiness 12 Month CD
0.20%$500$250kBusiness 15 Month CD
0.10%$500$250k3 Month CD
0.10%$500$250k6 Month CD
0.10%$500$250k9 Month CD
0.10%$500$250kBusiness 3 Month CD
0.10%$500$250kBusiness 6 Month CD
0.10%$500$250kBusiness 9 Month CD

Five Star Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$500$250k13 Month Premier IRA Special w/Premier Checking - New Money
5.00%$500$250k13 Month IRA Special w/5 Star Plus, Tradional or Progress Checking - New Money
5.00%$500$250k8 Month IRA Special w/5 Star Plus, Tradional or Progress Checking - New Money
5.00%$500$250k8 Month Premier IRA Special w/Premier Checking - New Money
0.50%$500$250k48 Month Premier IRA
0.50%$500$250k60 Month Premier IRA
0.45%$500$250k36 Month Premier IRA
0.45%$500$250k32 Month Premier IRA
0.40%$500$250k24 Month Premier IRA
0.40%$500$250k30 Month Premier IRA
0.40%$500$250k48 Month IRA
0.40%$500$250k60 Month IRA
0.35%$500$250k18 Month Premier IRA
0.35%$500$250k36 Month IRA
0.35%$500$250k32 Month IRA
0.30%$500$250k12 Month Premier IRA
0.30%$500$250k15 Month Premier IRA
0.30%$500$250k24 Month IRA
0.30%$500$250k30 Month IRA
0.25%$500$250k18 Month IRA
0.25%*$25k*$250k18 Month Variable Premier IRA
OTHER TIERS: 0.10% → $500 - $2.5k | 0.15% → $2.5k - $10k | 0.20% → $10k - $25k
0.20%$500$250k3 Month Premier IRA
0.20%$500$250k6 Month Premier IRA
0.20%$500$250k9 Month Premier IRA
0.20%$500$250k12 Month IRA
0.20%$500$250k15 Month IRA
0.20%*$25k*$250k18 Month Variable IRA
OTHER TIERS: 0.05% → $500 - $2.5k | 0.10% → $2.5k - $10k | 0.15% → $10k - $25k
0.10%$500$250k3 Month IRA
0.10%$500$250k6 Month IRA
0.10%$500$250k9 Month IRA
Locations

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