STAR Financial Bank


Overview / Commentary
260-467-5500
127 West Berry Street
Fort Wayne, IN 46802

STAR Financial Bank is headquartered in Fort Wayne and is the 13th largest bank in the state of Indiana. It is also the 419th largest bank in the nation. It was established in 1988 and as of June of 2019, it had grown to 480 employees at 37 locations. STAR Financial Bank's money market rates are 3X the national average, and it has an A health rating.

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Reviews (4)

Helpful Bank?

Posted by: dbz7197 | Oct 24, 2012

We Have had a checking account with Star Financial Bank for 11yrs. My wife and i are disabled and have our checks direct deposited. For that Star Bank has been great. No problems and always help with correcting account errors. I admit when we started out that our credit was'nt good, but over the 11 yrs we worked hard to straighten it out and have got our credit score to the middle 700's. We have have ask Star bank for 3 different loans on three different occations and each time the answer came back "no". We were however able to go to other banks and high end credit cards to get our financial needs. That is the only complaint we have against Star Bank.

Worst Banking Experience Ever

Dealing with star was an awful experience from the day we walked into the branch on e. 96 st. in Indianapolis. Manager did not make a good impression when he acted put out to help us then it took us weeks to get atm cards after he said a few days. Did not open business account here since they did not have what we wanted. Fast forward four months and they failed to make a transfer from savings to checking after two calls to branch to do so. Was told it would happen right away and three days later we overdrew our checking account because he did not do what he said he would. Never apologized and only after calling the customer service line did they give credit back. The day after we moved all accounts away from Star and will never deal with them again. Beware.

Star Caused Financial Hardship On My Family

Posted by: Nathan | Mar 19, 2013

I obtained a business loan through Star Financial. The business was unsucessful and had to close. Star Financial sued me and garnished my wages for $1,000/ month not leaving enough money to provide for my family so we had to depend upon relatives. New slogan suggestion: Star Financial: your kids went hungry but at least we got our money.

Loan Troubles

Posted by: abubba20 | Jan 8, 2013

I have had a boat loan thru Star since 2010. The dealership is the one that set up the loan. Ever since then it has been a nightmare. The first year I was making my payments from my payment book. The next year I started recieving late payment statements for no reason. When I called them they told me my insurance wasn't correct on the boat and that is why they had to charge me more. I checked with my insurance and the boat was covered correctly. The bank was wrong. After about 2 months they sent me another payment book with my payment raised and I am not sure why. I just talked to them yesterday and they still say I don't have the correct insurance. By the way I have never recieved any kind of statement from the bank telling me what I owe on the boat. Their answer to that was that they don't send out statements. You have to personally walk into the bank or call for the amount. I will never do business with Star again.



Health

Health Grade Components

Overall
FDIC Certificate #27235
Year Established1988
Employees480
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD11.1%
Annual Interest Income$42.5MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$2.03B$1.92B
LoansQ2 2019vs Q2 2018$1.47B$1.36B
DepositsQ2 2019vs Q2 2018$1.75B$1.64B
Equity CapitalQ2 2019vs Q2 2018$226.1MM$201.5MM
Loan Loss AllowanceQ2 2019vs Q2 2018$20.8MM$23.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$12.6MM$22.3MM
Real Estate OwnedQ2 2019vs Q2 2018$2.1MM$563.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not STAR Financial Bank; we are a rate comparison website and cannot provide official rates or promotions.

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

STAR Financial Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%--College Bound Savings
0.02%--Regular Savings
0.02%--Cosmo Kid's Club
0.02%--Club Saveaway

STAR Financial Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%*$100k*$2.5mMoney Market Preferred - Limited time
OTHER TIERS: 0.02% Up to $25k | 0.85% $2.5m+ | 1.20% $25k - $50k | 1.30% $50k - $100k
0.03%*$10k*-Money Market
OTHER TIERS: 0.01% Up to $2.5k | 0.02% $2.5k - $10k

STAR Financial Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.51%*-$10kValue Plus Checking
OTHER TIERS: 0.31% $10k+
0.01%--Interest Checking

STAR Financial Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.70%$10k$250k9 Month CD Special - New Money w/Star checking
1.44%$1k-5 Year CD
1.39%$1k-4 Year CD
1.34%$1k-3 Year CD
1.29%$1k-30 Month CD
1.19%$1k-2 Year CD
1.10%$1k-18 Month CD
0.95%$1k-15 Month CD
0.90%$1k-12 Month CD
0.75%$1k-9 Month CD
0.65%$1k-6 Month CD
0.50%$1k-3 Month CD
0.45%$1k-1 Month CD
0.05%$5k-14 Day Star Power CD

STAR Financial Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.44%$1k-5 Year IRA
1.39%$1k-4 Year IRA
1.34%$1k-3 Year IRA
1.29%$1k-30 Month IRA
1.19%$1k-2 Year IRA
1.10%$1k-18 Month IRA
0.95%$1k-15 Month IRA
0.90%$1k-12 Month IRA
0.75%$1k-9 Month IRA
0.65%$1k-6 Month IRA
0.50%$1k-3 Month IRA
0.45%$1k-1 Month IRA
Locations

Availability



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