Liberty Savings Bank


Overview / Commentary
941-927-3629
2251 Rombach Ave
Wilmington, OH 45177

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.

Reviews (6)

Not Sure About The Rate?

Posted by: |

https://value.libertysavingsbank.com/cd-rate-watcher

This Liberty Bank Accnt= Central Bank Of KC, Lewis&Clark Bank, Savebetter.Com ???

Posted by: |

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

Posted by: |

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

Posted by: |

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



Health
B+

Health Grade Components

Overall
FDIC Certificate #32242
Year Established1984
Employees88
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.26%
Return on Equity - YTD4.25%
Annual Interest Income$15.1MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$1.21B$1.23B
LoansQ1 2025vs Q1 2024$827.1MM$865.8MM
DepositsQ1 2025vs Q1 2024$1.04B$880.8MM
Equity CapitalQ1 2025vs Q1 2024$74.8MM$69.6MM
Loan Loss AllowanceQ1 2025vs Q1 2024$7.7MM$7.2MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$8.7MM$11.4MM
Real Estate OwnedQ1 2025vs Q1 2024$1.8MM$2.1MM
Rates
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Liberty Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.06%$0-High Yield Savings Account via Raisin
0.01%$0-Convenience Savings
0.01%$0-Holiday Club

Liberty Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.21%$0-Freedom Platinum Checking
0.14%$0-Freedom Gold Checking
0.07%$0-Freedom Checking
Locations


Liberty Savings Bank Locations
Liberty Savings Bank, F.S.b.2251 Rombach AvenueWilmington, OH 45177
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Sarasota Branch2323 Stickney Point RdSarasota, FL 34231
1679 South Tamiami Trail Branch1679 South Tamiami TrailVenice, FL 34293

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