Hyperion Bank


Reviews (2)

Haven't Signed Up But Here Is Why

Posted by: |

Called them on the phone to get some info and it turned me away. First the person I spoke to seemed impatient as if they didn't want to deal with my questions about statements, funding, etc.

Seems to me they don't really want non-local people to buy CDs online. They do not accept ACH transfers for funding and told me "we won't open a CD or quote rates until we have the funds in hand".

I didn't even get into more questions because of the attitude of the CSR and lack of the usual easy way to find an account. Might be an OK bank, but not for me.

I Guess There Are Unwritten Rules For Membership

Posted by: |

First let me write something positive about Hyperion Bank. When I called in, a real live, presumable native English speaking CSR (customer service representative) answered the phone on the second to third ring. That is something rare.

Earlier this year I applied for membership to Hyperion Bank. As you would expect the online application involved including very personal information like, name, address, SSN, birthday Mother's maiden name, drivers license number etc.

I applied late at night and my application was rejected by email under 8 hours later. No reason given. I called the next day to inquire why.

I was told by the CSR that I did not meet some criteria that a small bank like Hyperion needed to accept new applicants. What that criteria is.... I don't have a clue.

I have an over 800 credit score so that could not be the issue. Besides my credit reports were frozen at the big three credit reporting agencies so Hyperion bank could not run a credit report if they wanted.

Maybe they have a minimum income requirements... I but don't recall being asked my income on Hyperion Bank's online application.

Maybe they want locals only. Then Hyperion should stop the application once my address is deemed not local

Hyperion should be transparent about what their criteria is for applying for membership with their bank. I wasted my time applying to Hyperion because of some "secret criteria" I did not meet.

In the end I can help but wonder if I was illegally discriminated against.



Health
A

Data as of Q1 2022

Capitalization grade does not factor in PPP loans and the use of the PPP Liquidity Facility.
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58371
Year Established2006
Employees35
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD6.62%
Annual Interest Income$3.1MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$277.9MM$255.9MM
LoansQ1 2022vs Q1 2021$233.4MM$212.0MM
DepositsQ1 2022vs Q1 2021$206.0MM$188.2MM
Equity CapitalQ1 2022vs Q1 2021$34.7MM$22.8MM
Loan Loss AllowanceQ1 2022vs Q1 2021$2.7MM$2.3MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$2.6MM$2.2MM
Real Estate OwnedQ1 2022vs Q1 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Hyperion 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.

Hyperion Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Statement Savings
0.25%--HyperSaver Kids
0.25%--IRA Savings

Hyperion Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$3m*$10mConsumer Money Market
OTHER TIERS: 0.25% Any amount
0.30%*$3m*$10mBusiness Money Market
OTHER TIERS: 0.25% Any amount

Hyperion Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$500-IOLTA
0.20%--Business Interest Checking
0.20%$10k-HyperFree Checking

Hyperion Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$500-60 Month CD
1.45%$500-48 Month CD
1.25%$500-36 Month CD
1.15%$500-30 Month CD
1.10%$500-24 Month CD
1.05%$500-18 Month CD
0.85%$500-12 Month CD
0.45%$500-9 Month CD
0.40%$500-6 Month CD
0.10%$500-3 Month CD
0.05%$500-30 Day CD

Hyperion Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$500-60 Month IRA
1.45%$500-48 Month IRA
1.25%$500-36 Month IRA
1.15%$500-30 Month IRA
1.10%$500-24 Month IRA
1.05%$500-18 Month IRA
0.85%$500-12 Month IRA
0.45%$500-9 Month IRA
0.40%$500-6 Month IRA
0.10%$500-3 Month IRA
0.05%$500-30 Day IRA
Locations


Hyperion Bank Locations
Hyperion Bank199 W Girard AvePhiladelphia, PA 19123
Atlanta Branch Office3525 Piedmont Rd NeAtlanta, GA 30305

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