Liberty Savings Bank is headquartered in WILMINGTON and is the 31st largest bank in the state of Ohio. It is also the 879th largest bank in the nation. It was established in 1984 and as of March of 2025, it had grown to 88 employees at 5 locations. Liberty Savings Bank's savings rates are 8X the national average, and it has a B+ health rating.
Not Sure About The Rate?
https://value.libertysavingsbank.com/cd-rate-watcher
This Liberty Bank Accnt= Central Bank Of KC, Lewis&Clark Bank, Savebetter.Com ???
This is what I'm supposed to agree to? NO THANK YOU!! I don't need to open an account here.
"Each customer authorizes the Custodian Bank to hold the customer’s funds in a custodial capacity in order to facilitate the customer’s deposits to and withdrawals from deposit accounts at various Product Banks that the customer requests through SaveBetter.com. The Custodian Bank does not establish the terms of the deposit accounts, or offer the deposit accounts to customers, and provides no advice to customers about deposit accounts. Central Bank of Kansas City, Member FDIC, d.b.a. Central Payments is the Service Bank. Custodian services are provided by Lewis and Clark Bank."
Twilight Zone
Called the number listed on the website to gather more information. One should always know if interest paid is compounded daily and distributed monthly, is there a daily withdraw or ACH transfer limit, do they have 2-step authentication, does the account have web access, can sign-up be done online, are there overdraft fees, and why does one of their web pages say the savings rate is 0.56%. Unfortunately, their automated telephone system menu was garbled so descriptions of digits to press were unintelligible. Pressing Zero fails and the system says it's an invalid selection and goes back to the beginning. So, I though I'd blindly try my luck and press 1, 2, 3, etc. Finally as I was lost in space, the recording said I could press zero for a Rep. I was informed that I was the next in cue but no one ever answered. Bottom line --calling Liberty Savings Bank is a total waste of time.
Rate Drop 10/1/21
Liberty Savings was not transparent this time as they were in the past.
Big Interest Savings pays 0.5% on ALL balances.
Rate Not Available
Liberty Savings Bank is not offering this rate: 1.06%
Verified by calling.
Worst Bank
I opened a checking and savings account a few years ago because the interest earned was exceptional for a particular program. A few months after I opened up my account the interest rate dropped to 1/3 of the original amount offered. I still kept the account because it would be a pain to close it. I’ve had to call a few times with questions and it is not easy to get anybody on the phone and get answers. I just called yesterday because I saw a posted interest rate on a savings account and The person I was speaking to had no clue what the interest rate on a savings account was. I was put on hold for quite a while, she came back with an answer which did not make sense to me. The manager was not available, she said the manager would call me back, and I have not received a return call. As far as I am concerned this is terrible customer service. I need to transfer my money
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 32242 |
| Year Established | 1984 |
| Employees | 88 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.26% |
| Return on Equity - YTD | 4.25% |
| Annual Interest Income | $15.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $1.21B$1.23B |
| Loans | Q1 2025vs Q1 2024 | $827.1MM$865.8MM |
| Deposits | Q1 2025vs Q1 2024 | $1.04B$880.8MM |
| Equity Capital | Q1 2025vs Q1 2024 | $74.8MM$69.6MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $7.7MM$7.2MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $8.7MM$11.4MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $1.8MM$2.1MM |