Overview / Commentary
401-739-8800
1 Home Loan Plaza, Suite 3
Warwick, RI 02886

Home Loan Investment Bank, F.S.B. is headquartered in Warwick and is the 7th largest bank in the state of Rhode Island. It is also the 2,235th largest bank in the nation. It was established in 1979 and as of June of 2018, it had grown to 133 employees at 3 locations. Home Loan Investment Bank, F.S.B.'s savings rates are 4X the national average, and it has a B health rating.

Related Posts

Home Loan Investment Bank Has Nationwide 18-month eCD - 7/27/2018

Home Loan Investment Bank (RI/CT/MA) has added an in-branch 14-month CD (3.15% APY, $100k min) and nationally available 18-month eCD (3.15% APY, $2.5k min).

Premier Savings Now 2.00% APY - 4/13/2018

Home Loan Investment Bank's Premier Savings earn 2.00% APY on balances of $50,000 and above. Serves Rhode Island, Connecticut, and Massachusetts.

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Reviews (6)

Very Impressive!

Posted by: darnit44 | Jul 28, 2018

It was very easy to apply online for their 18 months CD account with 3.15% APY! In a matter of minutes (in the end of the process) they had already approved and gave me my account number. I was very impressed because it takes other financial institutions days (and even weeks Andrews FCU).

Offer Different Rates For Online & Local

Their 14 Month CD is with the good rate is not available online... just locals.

18 Month E-Cd

Posted by: 1Grabek | Aug 13, 2018

Worst customer service I ever had in my life . I opened an e-cd and finally got it through on the date the cd rate of 3.15 APY expired )8-10-2018. I put in a few days before that date but they showed it went through on 0810-18 . I managed to see my cd on line through their site but I never could make a copy of the cd it self ... Under documents it says must have adobe reader which I installed and it keeps saying there are no statements ... No matter how many times I call they fail to answer me back and last time I waited 5 days ... When I explained I wanted a copy of the e-papers I signed with my account number , the amount of c-d , and all other paper work like I get in any other cd I've ever filled out ... The woman put me on hold as I waited patiently when she said she will find out and put me on hold . I waited 15+ minuets and then I was hung up on and tried to call back for days with no return call ... I also put my request in writing for someone to call me back with my Ph. # and account # . I've had bad customer service before but this bank is absolutely the worst I've ever experienced in my 57+ years of life ... Please let me know what you think of their service as if I do not hear from them I will go to the FED's and report them . All I want is a copy of my C.D. I will print it .. I just asking how I go about getting it...

Equifax Verification

Posted by: MFM000 | Aug 9, 2018

Failed identity verification several times. What?
According to customer service no other method e.g. faxed ID documents is available.
Unfriendly bank.

Application Form From Heck

Posted by: wilsonwebb | Aug 7, 2018

Its a great rate...but be prepared for the worst bank application form ever .....make sure you know when your house was built...the cost ..how many ''months'' you have lived in the house etc etc etc ...it is a real pain !!! but i eventually got it right ..if the rate was not the best ...i would have given up many times

Completely Botched Application Process And Incompetent Customer Service

Posted by: pwj7050 | Jul 31, 2018

I applied for the 3.15%?APY 18 month CD on Wednesday, 7/25/18. After answering the identity verification questions correctly, a notice appeared onscreen that I had failed to answer correctly, but then I received an email stating that the account application was accepted.

On Thursday I received an email asking I provide a utility bill which I did and then on Friday I received an email that the account was opened and that I should enroll in online banking and be sure to input my account number.

However, I was not provided an account number so I called the bank and spoke to a customer service person who was clueless. He couldn’t find my account number but assured me he would ask his superiors for help and call me either Saturday or latest Monday, 7/30/18.

Monday came and I had not received a call so I called and spoke to him at 2 PM but again he still couldn’t find the account number number. He said he would call me Tuesday at 2 PM. I don’t know why he had to wait until that late in the day so I angrily told him to find the account number while we were speaking or close the account.

He hung up on me and I called back 5 times and my calls went to voicemail.

I finally got through to another operator two hours later, but she couldn’t help me. She couldn’t even close the account so now if they try to fund the account through an ACH debit, I’m going to have to call my bank and reject the ACH.

This bank and its customer service staff are incompetent.

I will not entrust my money with them. Good luck to those who do.



Health

Health Grade Components

Overall
FDIC Certificate #27417
Year Established1979
Employees133
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD7.53%
Annual Interest Income$8.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$290.4MM$296.5MM
LoansQ2 2018vs Q2 2017$255.9MM$257.9MM
DepositsQ2 2018vs Q2 2017$233.6MM$242.8MM
Equity CapitalQ2 2018vs Q2 2017$27.3MM$26.7MM
Loan Loss AllowanceQ2 2018vs Q2 2017$3.7MM$3.2MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$3.2MM$2.8MM
Real Estate OwnedQ2 2018vs Q2 2017$271.00K$569.00K
Rates
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Home Loan Investment Bank, F.S.B. Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$50k-Premier Savings
1.00%$50k-Sky High Savings
0.30%$25-Statement Savings

Home Loan Investment Bank, F.S.B. Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$2.5k-Best Rate Account
0.70%--Loyalty Account

Home Loan Investment Bank, F.S.B. CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.15%$100k-14 Month CD
3.00%$1k-3 Year CD
3.00%$2.5k-3 Year e-CD
2.75%$1k-30 Month CD
2.75%$2.5k-30 Month e-CD
2.55%$1k-5 Year CD
2.55%$2.5k-5 Year e-CD
2.10%$1k-2 Year CD
2.10%$2.5k-2 Year e-CD
1.40%$1k-1 Year CD
1.40%$2.5k-1 Year e-CD

Home Loan Investment Bank, F.S.B. IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$1k-3 Year IRA
2.55%$1k-5 Year IRA
2.10%$1k-2 Year IRA
1.75%$1k-18 Month IRA
1.40%$1k-1 Year IRA
Locations


Home Loan Investment Bank, F.S.B. Locations
Home Loan Investment Bank, F.S.B.1 Home Loan Plaza, Suite 3Warwick, RI 02886
Providence Office244 Weybosset StreetProvidence, RI 02903
Warwick Branch40 Airport RoadWarwick, RI 02889

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