Featured Savings Rates
Featured Accounts

New Buffalo Savings Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.27%Reward CheckingKasasa Cash
1.00%Reward SavingsKasasa Saver
1.41%5-year CD5 Year CD

Overview / Commentary
269-469-2222
45 North Whittaker St
New Buffalo, MI 49117

New Buffalo Savings Bank is headquartered in New Buffalo and is the 72nd largest bank in the state of Michigan. It is also the 3,816th largest bank in the nation. It was established in 1921 and as of December of 2017, it had grown to 33 employees at 3 locations. New Buffalo Savings Bank has a B+ health rating.

Related Posts

$50 Amazon Gift Card - Easy Account Opening Process - 10/24/2017

Account setup was smooth and the customer service representative that helped open my account was very responsive. I used one of the referral links posted here to get a $50 Amazon Gift Card for opening an account. I am passing my referral link along: https://share.newbuffalosavings.com/1hr5ec0md6ybb340847 If you use this link when opening an account, you get a $50 Amazon Gift Card and I get one for the referral. Thanks, JH

Referral Link - 6/20/2017

Hi all, I used one of the referral links here to get $50 Amazon bonus, and passing it forward here is my link which you can use to get both of us the bonus: https://share.newbuffalosavings.com/1iun7dtrzxgzb327268 Account opening process was quite smooth, and the customer rep will call you on phone to confirm details. Thanks, JJ

Kasasa Checking 2.27% Up To $35,000 - 6/20/2017

The rate is 2.2467% (apy 2.27%) up to 35K max, and you only need to swipe your debit card 12x/cycle that ends every second Tues of the Month (next cycle ends July 11). They give you the first cycle as a grace period to allow time to order and receive debit card so you should not apply close to Jul 11, better to wait till about July 13, otherwise you get a grace cycle of only few days. Online application is easy (soft pull), note they give you max of 5 mins to answer 4 verification questions from public record, No CC funding available in online application so I funded with min $25 ACH from my external bank. Contacted branch rep next day to provide my Drivers lic, SS card, and utility bill via email to complete application. If you found this helpful, please use my link, you get a $50 amazon gift card when you open account and I get one for the referral: https://share.newbuffalosavings.com/1h7lfx38airty327081

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Reviews (4)

Easy Account Opening Process

Posted by: JH25 | Oct 16, 2017

Account setup was smooth and the customer service representative that helped open my account was very responsive.

I used one of the referral links posted here to get a $50 Amazon Gift Card for opening an account. I am passing my referral link along:

https://share.newbuffalosavings.com/1hr5ec0md6ybb340847

If you use this link when opening an account, you get a $50 Amazon Gift Card and I get one for the referral.

Thanks,
JH

Great Banking Experience So Far

Hi all,

My account opening process was quite smooth, and the customer rep who contacted me over phone was very efficient. Hope your experience is the same!

Thanks,
John

Friendly At First -- But Then The Bank Backtracked.

The reward checking account rate here WAS one of the best in the country and customer service WAS great -- UNTIL TODAY. Today the bank sent us all a notice that as of mid-December they are LOWERING the maximum deposit earning the reward rate of 2.25% from $25,000 to $15,000. Which greatly lowers the interest derived from the account. AND, the bank now expects not just 12 debit card uses, but also expects this to be the customer's primary bank, meaning MORE DEBIT USES THROUGH MORE OF THE MONTH AT A WIDE VARIETY OF PLACES FOR SUBSTANTIAL SUMS. This is fine if you are a local depositor. who wants a local account for all one's money needs But it's not what many of the national depositors such as myself were looking for. Many of our colleagues on this blog have had their accounts abruptly closed at such banks when the debit card was not used as extensively as the bank wanted. So: NATIONAL DEPOSITORS, i now have to discourage you from using this bank, unless it's going to be your major account -- and even then the $15000 limit is hardly worth the effort.

Limited To 5 States.

must be a resident of Indiana, Michigan, Ohio, Illinois, or Wisconsin.



Health
B+

Health Grade Components

Overall
FDIC Certificate #31257
Year Established1921
Employees33
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD7.32%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$126.9MM$103.2MM
LoansQ4 2017vs Q4 2016$100.7MM$83.0MM
DepositsQ4 2017vs Q4 2016$103.5MM$78.8MM
Equity CapitalQ4 2017vs Q4 2016$14.0MM$13.0MM
Loan Loss AllowanceQ4 2017vs Q4 2016$1.1MM$1.1MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$2.4MM$618.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$586.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

New Buffalo Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$100kKasasa Saver
OTHER TIERS: 0.25% $100k+
0.36%$100-Fixed IRA
0.16%$100-Variable IRA
0.04%$100-Statement Savings

New Buffalo Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.18%$500-Money Market Savings Account

New Buffalo Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%*-$15kKasasa Cash
OTHER TIERS: 0.25% $15k+
0.10%$500-55 Prime Checking

New Buffalo Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.61%$1k-6 Year CD
1.41%$1k-5 Year CD
1.31%$1k-4 Year CD
1.01%$1k-3 Year CD
0.75%$1k-2 Year CD
0.50%$1k-1 Year CD
0.25%$1k-6 Month CD
0.15%$1k-3 Month CD

New Buffalo Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.61%--6 Year IRA CD
1.61%--8 Year IRA CD
1.31%--4 Year IRA CD
1.01%--3 Year IRA CD
Locations


New Buffalo Savings Bank Locations
New Buffalo Savings Bank, A FSB45 North Whittaker StNew Buffalo, MI 49117
Sawyer Branch6485 Sawyer RdSawyer, MI 49125
Three Oaks Branch6701 West U.S. 12Three Oaks, MI 49128

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