iGObanking.com®, a division of Flushing Savings Bank, FSB, is an online bank that allows you to manage your money simply and securely. We offer high-yielding savings, money market savings, checking and CD products that can be opened online, or by mail. Once your iGObanking® account is opened, you can automatically make deposits and withdrawals to and from your regular banking account.
Related Posts
2/6 - Igobanking Money Market Up To 2.40% From 2.25%
7/14 - iGOmoneymarket Rate Now 2.00% APY
6/6 - iGObanking CD Specials: 2.35% APY 12-Month / 2.75% 24-Month
3/23 - iGObanking Hikes 12-month iGOCD Rate
3/2 - iGObanking Adds 210 Basis Points To 18-Month iGOCD
2/6 - iGObanking Ups 24-Month CD Rate
5/13 - iGObanking Hikes 18-Month CD Rate
4/13 - iGObanking Boosts 24- And 36-Month iGOCD Rates
12/24/16 - 6-Month CD--1.10% APY
3/29/16 - iGObanking Hikes Rate On 24-Month iGOCD
3/28/16 - Igobanking 2 Year CD Rate Hike
9/23/15 - iGObanking Increases Rate On 12-month iGOCD
5/27/15 - iGobanking Raises Rates On 24-Month CD And Money Market Account
5/26/15 - Money Market Rate Hike To 1.10%
2/10/15 - iGObanking Offers Top Rate 12-month CD, Available Nationally
11/24/14 - Igobanking 3 Year CD Rate Hike
11/9/14 - iGObanking Raises Rate On 24-month CD To Competitive Level
9/25/14 - Igobanking Ups 5-Year CD To 2.05% APY
9/18/14 - iGObanking Raises Rate on iGOsavings and Offers New 6-month CD
9/16/14 - Igobanking--1% APY 6-Month CD
9/4/14 - 6 Month 1.00% APY CD, Igobanking.
5/14/14 - Igo Banking 5 Year CD Rate Drop
12/16/13 - Top Internet Bank 5-Year CD Rate at iGObanking.com
12/14/13 - New 5-Year Rate
10/4/13 - Big Increase in Money Market Rate at iGObanking.com
10/2/13 - Igo 5Yr CD Rate Cut
8/17/13 - Drivers License Required For Existing Customer To Open CD
7/18/13 - Big Increase in 5-Year CD Rate at iGObanking.com
7/23/12 - Big Increase in iGObanking.com's Early Withdrawal Penalty
7/20/12 - Change Of Withdrawal Policy
7/17/12 - New Competitive CD Rates at iGObanking.com
11/14/11 - Two Top CD & IRA CD Rates at iGObanking.com
8/11/11 - iGObanking Slashes Their Long-Term CD Rates
7/5/11 - New Long-Term CDs with Top Rates at iGObanking.com - Available Nationwide
12/9/10 - Igobanking.Com Slashes Savings Account Rate
11/22/10 - iGObanking.Com Cuts Savings Account Rates
11/18/10 - CD Rates Drastically Slashed At Igo Banking
11/16/10 - 1.50% 15-Month CD At Igobanking.Com
11/10/10 - CD Rate Changes at iGObanking.com & iPad Gift Package at GiftsforBanking.com
10/20/10 - Hot 2-Year CD Rate at iGObanking.com - Available Nationwide
9/16/10 - Igobanking Raises 2-Year CD Rate As It Lowers Its 3-Month CD Rate
3/9/10 - iGObanking.com Savings Account Yield Falls to 1.21%
3/4/10 - CD Gift Program and Competitive CD Rates at GiftsforBanking.com
3/3/10 - New CD Gift Program at iGOBanking.com
2/3/10 - Competitive 5-Year CD at iGOBanking.com - Available Nationwide
12/19/09 - New 5.30% No-Min Online Savings Account - iGObanking
7/26/09 - 3.25% 24-Month CD at iGObanking.com - Nationally Available
2/22/09 - 3.80% Online Checking Account and $50 Bonus at iGObanking.com
11/22/08 - iGObanking.com Update - 4.30% 15-Month CD, 3.80% Checking Account, $50 Bonus
11/6/08 - 4.15% 9-Month CD at iGObanking.com
8/8/08 - $50 Checking Account Bonus at iGObanking.com
5/13/08 - iGObanking.com Launches High Interest Checking
3/6/08 - 4.30% 60-Month and 4.00% 15-Month Online CDs at iGObanking.com
2/15/08 - More Savings Account and CD Rate Cuts
No Problems
No idea what everyone is complaining about...
Easy to setup...website does what I need it to do.
Rates are worth considering. I have transferred money in and out of my account depending on how competitive the rates move...never had a problem!
Used to be one of the higher rates out there....not so much any more. But that would be the only reason I would move on to another institution.
Gifts For Banking
I opened two $25k gifts for banking CD's, I did receive the promotional rate. I have another CD at IgoBanking, yet they are asking for my proof of address to be mailed to bank? CSR stated don't worry, but I sent it anyway to make sure that nothing holds up the process.
Initially, I was told by CSR that a few days afte the account was funded, would receive an email to select gift, and gift would take up to 3 weeks for delivery. Today, I called, since it's been 4 days since funded, I was told that the email to first select the gift will take 3 weeks and then up to 3 weeks after ordering, for delivery.
I was hoping to have these gifts for Christmas, but does not look like that is going to be a possibility, if in fact, it's 3 weeks to first receive the email to select a gift! The CSR advised this is stated on the website. I've looked thru the FAQ and do not find a 'timeframe' of when the email will be sent, it merely states, after the account is funded you will receive an email. It should be clarified on the website that it will be up to a 6 week process to select and receive the gift.
Wonder What The I Stands For...
The i can't stand for internet, when I asked about an electronic funds transfer at maturity, this is the reply I received. That is absurd, will not be using iGObanking in the future.
"Thank you for your recent message and we are sorry that you have decided to close out your account. We can certainly assist with your CD close out but we do not have the ability to transfer CD funds electronically. We do have the ability to mail a cashiers check upon maturity to your address of record. If you would like to proceed with the account closeout upon maturity and wish to have a check mailed for the balance please reply to this message with instructions. Thank you."
Very Shady Practices IMHO
They will likely place a block on your savings account once you decide to move money to get a better rate at another institution. If you don't mind putting money somewhere with the idea that you will never be able to access it when you need it, then this might be a good option. This is the only bank I have ever seen where random people will call you from random numbers and ask you for personal information. Every other institution I have seen says you should NEVER respond to calls asking for personal information. This bank also operates the giftsforbanking promotion you may have seen.
Data as of Q2 2022
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58564 |
| Year Established | 2007 |
| Employees | 550 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.09% |
| Return on Equity - YTD | 10.61% |
| Annual Interest Income | $147.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $8.34B$8.16B |
| Loans | Q2 2022vs Q2 2021 | $6.72B$6.68B |
| Deposits | Q2 2022vs Q2 2021 | $6.42B$6.37B |
| Equity Capital | Q2 2022vs Q2 2021 | $834.2MM$780.4MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $39.4MM$42.7MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $30.1MM$19.1MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |