mph.bank

Deposits held and insured by Liberty Savings Bank

Overview / Commentary
800-892-8798
2251 Rombach Ave.
Wilmington, OH 45177
Deposits held and insured by Liberty Savings Bank
Reviews (2)

Caveat Emptor!

Posted by: |

Been looking at savebetter. They are not a bank but a digital storefront (keyword) for a number of marginal banks (B-rated) that generally have no reviews (Lemmata, Blue Federal C.U.), etc. "Avoid Savebetter.com" really summarizes what you need to know.

Sadly, top tier banks like Salem Five and DollarSavingsDirect with better ratings and top rates seem to have bizarre policies like absurd push/pull limitations, hard credit pulls, 60 day delays in opening a second linked account, lengthy transfer holds and submission of a voided check for verification by slug mail. Ally Bank which is reputable is also not competitive (2.35%) and their current GETPAID promotion forbids you to withdraw a penny until January 15th for eligibility after bringing in new money. What are these people smoking? Local banks (major and minor) still live in a 0.01% universe. Multiply zero by any number and you get a coffee can or mattress. Remember: Objects in the mirror are closer than they appear.

YOU MAY NOT ABLE TO ACCESS YOUR ACCOUNT

Posted by: |

mph.bank, Liberty Savings Bank and Ponce Bank are custodial accounts with online access via SaveBetter.com. You do not have direct access to these banks without working through Savebetter.com. The account I used to fund my mph.bank account was closed after I transferred the initial funds. Savebetter will not allow me to link a new account for 60 days. Therefore, I am completely unable to either add or withdraw from this account. Working through a third-party custodian is inefficient, cumbersome and absurd. Avoid Savebetter.com.



Health
C+

Data as of Q4 2023

Data displayed below is for insuring bank: Liberty Savings Bank
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #32242
Year Established1984
Employees98
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.2%
Return on Equity - YTD4.03%
Annual Interest Income$55MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.22B$1.19B
LoansQ4 2023vs Q4 2022$860.5MM$789.8MM
DepositsQ4 2023vs Q4 2022$882.4MM$973MM
Equity CapitalQ4 2023vs Q4 2022$63MM$58.7MM
Loan Loss AllowanceQ4 2023vs Q4 2022$6.9MM$5.7MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$9.9MM$11.3MM
Real Estate OwnedQ4 2023vs Q4 2022$2.4MM$2.5MM
Rates
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mph.bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%--Future Savigns Account
1.00%--Goals Savings Account

mph.bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%--Spend Account - Qualifying
0.03%--Checking Account
Locations

mph.bank is an Internet only bank and does not have branch locations. Its headquarters is located at 2251 Rombach Ave. - Wilmington, OH 45177

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