New Albin Savings Bank

Overview / Commentary
118 Main Street NE
New Albin, IA 52160

New Albin Savings Bank is headquartered in New Albin and is the 90th largest bank in the state of Iowa. It is also the 2,498th largest bank in the nation. It was established in 1898 and as of December of 2021, it had grown to 13 employees at 1 location. New Albin Savings Bank's CD rates are 40% higher than the national average, and it boasts an A+ health rating.

Reviews (1)

Small town banking

I have had accounts at New Albin Savings Bank since I was a young child. I got my first checking account there when I started working, and even though it was a drive from where I lived, I made the trip weekly to deposit my check. Once Direct deposit became an option, it made things easier. I appreciate the fact that everyone knows you when you walk in. They truly seem to want to help you with your banking needs. I remember they would manually cover my accounts if they over drafted because my family has so much business with them. I got my first car loan through them as well, and they were wonderful to work with and had competitive rates. I didn't pay much attention to that, but my dad did. They might not have the best of the best or all the newest features, but I believe that they are a good solid bank. I do wish there online banking platform was a little more robust and offered more details on transactions, but it hasn't been enough of an issue to make me look elsewhere either. I have accounts at other banks now as well, but I really think New Albin Savings Bank is the epitome of small town proud and want to take care of their customers.


Health Grade Components

FDIC Certificate #8506
Year Established1898
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.27%
Return on Equity - YTD7.4%
Annual Interest Income$7.3MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$301.2MM$278.4MM
LoansQ4 2021vs Q4 2020$90.0MM$75.1MM
DepositsQ4 2021vs Q4 2020$239.3MM$219.3MM
Equity CapitalQ4 2021vs Q4 2020$50.6MM$47.8MM
Loan Loss AllowanceQ4 2021vs Q4 2020$1.1MM$1.0MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$165.00K$176.00K
Real Estate OwnedQ4 2021vs Q4 2020$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

New Albin Savings Bank Savings Account Rates

OTHER TIERS: 1.36% $1k - $100k
0.20%--Passbook Savings

New Albin Savings Bank Checking Account Rates

0.10%--Now Account

New Albin Savings Bank CD Rates

1.76%*$100k*-5 Year CD
OTHER TIERS: 1.66% $1k - $100k
1.61%*$100k*-4 Year CD
OTHER TIERS: 1.51% $1k - $100k
1.46%*$100k*-3 Year CD
OTHER TIERS: 1.36% $1k - $100k
1.36%*$100k*-2 Year CD
OTHER TIERS: 1.26% $1k - $100k
1.26%*$100k*-1 Year CD
OTHER TIERS: 1.15% $1k - $100k
1.15%*$100k*-6 Month CD
OTHER TIERS: 1.05% $1k - $100k
0.65%*$100k*-3 Month CD
OTHER TIERS: 0.55% $1k - $100k

New Albin Savings Bank IRA Rates

1.46%*$100k*-3 Year IRA
OTHER TIERS: 1.36% $1k - $100k
1.36%*$100k*-2 Year IRA
OTHER TIERS: 1.26% $1k - $100k
1.26%*$100k*-1 Year IRA
OTHER TIERS: 1.15% $1k - $100k

New Albin Savings Bank Locations
New Albin Savings Bank118 Main StreetNew Albin, IA 52160

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