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Porte

Deposits held and insured by MetaBank

Overview / Commentary
www.portebanking.com
800-267-7080
5501 South Broadband Lane
Sioux Falls, SD 57108
Deposits held and insured by MetaBank

Related Posts

Porte Banking Offers Unique High Yield Savings Account - 4/19/2021

Porte is a brand of the financial technology company (fintech) Populus Financial Group that has partnered with MetaBank to offer unique checking and savings accounts.

Porte 3% Savings Account On Balances <$15K - 4/14/2021

.Porte is a fintech. Deposits are held by MetaBank and insured up to $250k. In order to open the savings acct, you first must download the app to open a Porte acct and receive a monthly DD of at least $1k. You can then open a savings acct and transfer funds to it. You receive 3.00% on balances up to $15k, and 0.50% on any portion of your balance which exceeds $15k. Since the 3% is only paid on balances <$15k and since downloading an app is required, I think this acct is mainly aimed at millennials, and I'm a boomer, so I'll pass on this one. Nonetheless, it's a savings acct that pays a rewards checking acct rate without any debit card usage requirements. https://www.portebanking.com/savings-account/

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Health
A+

Data as of Q4 2020

Data displayed below is for insuring bank: MetaBank
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #30776
Year Established1954
Employees1038
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.67%
Return on Equity - YTD12.52%
Annual Interest Income$289.2MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$7.27B$6.19B
LoansQ4 2020vs Q4 2019$3.51B$3.82B
DepositsQ4 2020vs Q4 2019$6.21B$4.81B
Equity CapitalQ4 2020vs Q4 2019$900.2MM$928.9MM
Loan Loss AllowanceQ4 2020vs Q4 2019$72.4MM$30.2MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$41.9MM$24.0MM
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Porte Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$15kSavings Account
OTHER TIERS: 0.50% → $15k+
Locations

Porte is an Internet only bank and does not have branch locations. Its headquarters is located at 5501 South Broadband Lane - Sioux Falls, SD 57108

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.