New Albin Savings Bank is headquartered in New Albin and is the 89th largest bank in the state of Iowa. It is also the 2,530th largest bank in the nation. It was established in 1898 and as of June of 2019, it had grown to 13 employees at 1 location. New Albin Savings Bank's money market rates are 3X the national average, and it boasts an A+ health rating.
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
| Overall | |
|---|---|
| FDIC Certificate # | 8506 |
| Year Established | 1898 |
| Employees | 13 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.34% |
| Return on Equity - YTD | 7.48% |
| Annual Interest Income | $4.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $244.6MM$231.6MM |
| Loans | Q2 2019vs Q2 2018 | $72.1MM$68.1MM |
| Deposits | Q2 2019vs Q2 2018 | $198.5MM$186.5MM |
| Equity Capital | Q2 2019vs Q2 2018 | $45.1MM$41.2MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $998.00K$933.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $39.00K$33.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.02%* | $100k* | - | IRA | ||
| OTHER TIERS: 1.91% → $1k - $100k | |||||
| 1.00% | - | - | Passbook Savings | ||
New Albin Savings Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.41%* | $2.5k* | - | Money Market | ||
| OTHER TIERS: 0.50% → Up to $2.5k | |||||
New Albin Savings Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | $2.5k* | - | Super Now Account | ||
| OTHER TIERS: 0.50% → Up to $2.5k | |||||
| 0.50% | - | - | Now Account | ||
New Albin Savings Bank CD Rates
New Albin Savings Bank IRA Rates
| New Albin Savings Bank Locations | ||
|---|---|---|
| New Albin Savings Bank | 118 Main Street | New Albin, IA 52160 |