Lee Bank is headquartered in LEE and is the 76th largest bank in the state of Massachusetts. It is also the 1,706th largest bank in the nation. It was established in 1992 and as of March of 2023, it had grown to 80 employees at 5 locations. Lee Bank's CD rates are 94% higher than the national average, and it has a B health rating.
Nice people to deal with, friendly, easy to talk to. Always prompt response to any questions, their checking account pays 2.5% with no fees, how can you go wrong?
This bank is the best - you get a friendly people that you can talk to, always a person on the phone and not a "press 1, 2, 3". Their interest rate for the checking account is incredible, and they refund your ATM fees. I would never bank at any of Banks of America, Chase etc., after banking with these folks. No complaints.
Tried to open an account yesterday. Received this message today - " Thank you for your interest in opening a Kasasa Account with Lee Bank. Unfortunately at this time Lee Bank is only opening accounts for individuals living in the New England area. We apologize for any inconvenience this may have caused you".
Overall | |
---|---|
FDIC Certificate # | 33645 |
Year Established | 1992 |
Employees | 80 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.69% |
Return on Equity - YTD | 10.64% |
Annual Interest Income | $4.8MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2023vs Q1 2022 | $520.9MM$528.7MM |
Loans | Q1 2023vs Q1 2022 | $356.4MM$320.4MM |
Deposits | Q1 2023vs Q1 2022 | $461.1MM$480.4MM |
Equity Capital | Q1 2023vs Q1 2022 | $35.1MM$35.6MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $3.7MM$3.5MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $942.00K$2.1MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Lee 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.50% | - | $25k | Kasasa Saver | |
0.10% | $10 | - | Personal Savings Account | |
0.01% | $25 | - | Health Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.20%* | $100k* | - | Clear Choice Money Market | ||
OTHER TIERS: 0.10% → $10 - $25k | 0.15% → $25k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.00% | - | $10k | Kasasa Cash |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
2.00% | $500 | - | 6 Month CD | |
1.75% | $500 | - | 12 Month CD | |
1.50% | $500 | - | 18 Month CD | |
1.25% | $500 | - | 24 Month CD | |
1.25% | $500 | - | 36 Month CD | |
0.55% | $500 | - | 48 Month CD | |
0.40% | $500 | - | 30 Month CD | |
0.15% | $500 | - | 3 Month CD |
Lee Bank Locations | ||
---|---|---|
Great Barrington Branch | 279 Main Street | Great Barrington, MA 01230 |
Pittsfield Branch | 75 North Street | Pittsfield, MA 01201 |
Lee Bank | 75 Park St | Lee, MA 01238 |
Stockbridge Branch | Elm Street | Stockbridge, MA 01262 |
Lenox Branch | 450 Pittsfield-Lenox Road | Lenox, MA 01240 |