Reliance Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
0.80%	Reward Checking	1.25% - Axos Bank Rewards Checking - 3 Qualifications
2.00%	5-year CD	3.10% - Goldman Sachs Bank USA High-yield 5 Year CD
0.30%	1-year CD	2.65% - Barclays 12 Month Online CD

View all Reliance Bank rates »

Overview / Commentary

reliancebank.bank

814-949-6263

1119 Twelfth Street
Altoona, PA 16601

Reliance Bank is headquartered in Altoona and is the 67^th largest bank in the state of Pennsylvania. It is also the 1,370^th largest bank in the nation. It was established in 1939 and as of September of 2018, it had grown to 98 employees at 9 locations. Reliance Bank's money market rates are 3X the national average, and it has an A health rating.

Reliance Bank is Excellent

Posted by: brannonsheppard | Dec 23, 2017

At Reliance, you always feel welcome to just walk in and ask a real person a question. I feel like I know the people that work there and we often just end up chatting about 'stuff' besides my banking needs (the kids, work, this year's must-have xmas gift). While they may not have the "best" rates out there, they make up for it with the personal feel and that means a lot for me.

Comment

1

New Management

Posted by: nittany | Mar 28, 2012

The State College branch of this bank has new management and it is no longer the friendly place that it used to be. It used to be a very friendly place, but that has changed.

Comment

4

3Parakeets

Posted by: 3parakeets | May 1, 2017

After being with them for ~15 years, they are now messing up. Just found out my homeowner's insurance was canceled since they "forgot" to pay it. This is UNACCEPTABLE. I will now be managing my escrow myself. What a crock.

Comment

2

Limited Market Area

Posted by: CBR | Jan 28, 2017

only certain counties in PA-check site

Comment

1

Health

A

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	30117
Year Established	1939
Employees	98
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.53%
Return on Equity - YTD	4.95%
Annual Interest Income	$13.7MM

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$520.7MM$452.9MM
Loans	Q3 2018vs Q3 2017	$377.2MM$334.0MM
Deposits	Q3 2018vs Q3 2017	$380.9MM$330.3MM
Equity Capital	Q3 2018vs Q3 2017	$52.6MM$53.3MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$4.8MM$4.1MM
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$3.1MM$2.7MM
Real Estate Owned	Q3 2018vs Q3 2017	$125.00K$205.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Reliance Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$2.5k^*	-	Statement Savings Online Special
OTHER TIERS: 0.05% → $100 - $2.5k
0.42%^*	$25k^*	-	Business Mutual Advantage Account
OTHER TIERS: 0.11% → $50 - $5k \| 0.16% → $5k - $15k \| 0.27% → $15k - $25k
0.35%^*	$500k^*	-	Business Relationship
OTHER TIERS: 0.03% → Up to $5k \| 0.05% → $5k - $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k \| 0.25% → $50k - $250k \| 0.30% → $250k - $500k
0.25%	$50	-	Christmas Club
0.25%	$50	-	Vacation Club
0.25%	$5	-	Young Savers
0.15%^*	$2.5k^*	-	Statement Savings
OTHER TIERS: 0.05% → $100 - $2.5k

Reliance Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.32%^*	$500k^*	-	Mutual Advantage MMDA
OTHER TIERS: 0.11% → $50 - $5k \| 0.16% → $5k - $15k \| 0.53% → $15k - $25k \| 1.06% → $25k - $500k
1.25%^*	$100k^*	-	Money Market Deposit Account
OTHER TIERS: 0.05% → $50 - $5k \| 0.10% → $5k - $15k \| 0.25% → $15k - $50k \| 0.50% → $50k - $100k
1.25%^*	$100k^*	-	Money Market Deposit Account - Online Special
OTHER TIERS: 0.05% → $50 - $5k \| 0.10% → $5k - $15k \| 0.25% → $15k - $50k \| 0.50% → $50k - $100k

Reliance Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%	-	-	Reward Checking
0.30%^*	$100k^*	-	Estate Checking Account
OTHER TIERS: 0.20% → Up to $35k \| 0.25% → $35k - $100k
0.30%^*	$500k^*	-	Sole Proprietor Checking
OTHER TIERS: 0.03% → Up to $5k \| 0.05% → $5k - $15k \| 0.10% → $15k - $25k \| 0.25% → $25k - $500k
0.25%^*	$500k^*	-	Non-Profit Checking
OTHER TIERS: 0.03% → Up to $1k \| 0.05% → $1k - $5k \| 0.10% → $5k - $15k \| 0.15% → $15k - $500k

Reliance Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.55%	$1k	-	13 Month CD (New Money Only)
2.15%	$500	-	36 Month CD
2.00%	$500	-	60 Month CD
2.00%	$500	-	60 Month Online CD Special
1.80%	$2.5k	-	36 Month Rising Rate CD
1.80%	$2.5k	-	36 Month Rising Rate Online CD Special
1.75%	$500	-	30 Month CD
1.75%	$500	-	48 Month CD
1.30%	$5k	-	36 Month RatePlus CD
1.30%	$5k	-	36 Month RatePlus Online CD Special
1.25%	$500	-	18 Month CD
1.00%	$500	-	12 Month CD
1.00%	$5k	-	25 Month RatePlus Online CD Special
1.00%	$500	-	12 Month Online CD Special
0.75%	$5k	-	25 Month RatePlus CD
0.75%	$500	-	21 Month CD - New Money
0.75%	$2.5k	-	21 Month Online CD Special
0.60%	$500	-	24 Month CD
0.60%	$500	-	24 Month Online CD Special
0.45%	$500	-	6 Month CD
0.45%	$500	-	6 Month Online CD Special
0.40%	$2.5k	-	18 Month Variable CD
0.40%	$500	-	15 Month CD
0.40%	$2.5k	-	18 Month Variable Online CD Special
0.40%	$500	-	15 Month Online CD Special
0.30%	$2.5k	-	12 Month Variable CD
0.30%	$2.5k	-	12 Month Variable Online CD Special
0.20%	$2.5k	-	6 Month Variable CD
0.20%	$500	-	9 Month CD
0.20%	$2.5k	-	6 Month Variable Online CD Special
0.15%	$500	-	91 Day CD

Reliance Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%	$500	-	60 Month Fixed Rate IRA
1.75%	$500	-	30 Month Fixed Rate IRA
1.75%	$500	-	48 Month Fixed Rate IRA
1.25%	$500	-	18 Month Fixed Rate IRA
1.00%	$500	-	12 Month Fixed Rate IRA

Locations

Reliance Bank Locations
North Atherton Branch	100 Hawbaker Industrial Drive	State College, PA 16803
Reliance Savings Bank	1119 Twelfth Street	Altoona, PA 16601
Meadows Branch	1254 Plank Rd	Duncansville, PA 16635
17th Street Branch	1921 Pleasant Valley Boulevard	Altoona, PA 16602
Plank Road Branch	226 W Plank Road	Altoona, PA 16602
Lakemont Branch	401 S. Logan Blvd	Altoona, PA 16602
Tyrone Branch	916 Pennsylvania Ave	Tyrone, PA 16686
Martinsburg Office	209 South Walnut Street	Martinsburg, PA 16662

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