Savings Institute Bank & Trust

Deposits held and insured by Berkshire Bank

Reviews (1)

Savings Institute Bank: A Great Start

This was the first bank I ever used due to the fact that it was only a block down from where I live. I remember going with my dad to set up the account, but everyone was quite helpful. I just got a basic savings account for a kid with a summer job so I can't go into too much detail about their plans and whatnot. My account had the average interest for a savings account, something like 1% a month. I think there are some locations around CT and in Rhode Island, but according to the website, they aren't a national chain. They also had a coin changer there that was very useful and open to anybody who has an account with them. It's much better than Coinstar or something for large amounts because they don't charge you any fee to use the machine. I don't think they had online banking at the time, but I didn't have a smartphone anyway when I opened the account.



Health
A+

Data as of Q2 2019

Data displayed below is for insuring bank: Berkshire Bank
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Health Grade Components

Overall
FDIC Certificate #23621
Year Established1846
Employees1976
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD6.3%
Annual Interest Income$250.2MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$13.63B$11.88B
LoansQ2 2019vs Q2 2018$10.25B$8.80B
DepositsQ2 2019vs Q2 2018$10.64B$8.91B
Equity CapitalQ2 2019vs Q2 2018$1.77B$1.47B
Loan Loss AllowanceQ2 2019vs Q2 2018$62.2MM$55.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$61.0MM$55.2MM
Real Estate OwnedQ2 2019vs Q2 2018$154.00K$1.1MM
Rates
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Savings Institute Bank & Trust CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%$500$1m10 Month CD Special w/ Active Savings Institute Checking Account
2.00%$500$1m16 Month CD Special w/ Active Savings Institute Checking Account
1.90%$500$1m10 Month CD Special w/o Active Savings Institute Checking Account
1.75%$500$1m16 Month CD Special w/o Active Savings Institute Checking Account

Savings Institute Bank & Trust IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%$500$1m10 Month IRA Special w/ Active Savings Institute Checking Account
2.00%$500$1m16 Month IRA Special w/ Active Savings Institute Checking Account
1.90%$500$1m10 Month IRA Special w/o Active Savings Institute Checking Account
1.75%$500$1m16 Month IRA Special w/o Active Savings Institute Checking Account
Locations

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