Banking Rates & News

South Bend Area

Including South Bend, Elkhart, Warsaw, Mishawaka, Goshen, Granger, Saint Joseph, Niles, Plymouth, Rochester, and 49 other towns.

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Banking in the South Bend Area

South Bend is a city of about 100,000 people in northern Indiana, right on the border with Michigan. Its official metropolitan area has a little more than 300,000 people, but the wider region encompassing several counties in both Indiana and Michigan (including the cities of Elkhart, Mishawaka, Goshen, Warsaw, Niles, Granger, Saint Joseph, Plymouth, and Benton Harbor) has more than 700,000 people.

South Bend is best known as the home to Notre Dame University, and the college is the city's largest employer. South Bend at one time was an industrial powerhouse, but such industry has left the city. In addition to education, healthcare is one of the city's largest employers.

Banking has a modest presence in South Bend. There are 13 banks and 23 credit unions headquartered in the area. Notable institutions that call South Bend or the surrounding area home are 1st Source Bank, Lake City Bank, Teachers Credit Union, United Federal Credit Union, and Interra Credit Union. The oldest bank still operating in the area is First State Bank of Decatur, which was established in 1870. In total, there are more than 40 banks and 25 credit unions operating in the South Bend area, with approximately 440 branches between them.

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Local Deals & News

INOVA Federal Credit Union Has 14-Month IRA, 2.95% APY
Deal Summary: 14-month IRA, 2.95% APY, $200 minimum deposit Availability: Easy membership requirement As I reviewed my previous INOVA Federal Credit Union (INOVA) blog posts, it was obvious that INOVA
Cd Rates Well Below The Rates On Depositaccounts
I was looking at the 6 year IRA CD group on DepositAccounts and saw Inova at 3.5%. When I went to their website the rate displayed was 2.35% so I
2.60% 11-Mo CD & 2.10% Savings Acct Regional Promotions
Wells Fargo is currently offering a 2.60% APY, 11-month CD which requires a minimum deposit of $25,000 (new money).They are also offering a 2.10% APY, Platinum Savings Account which also
2.65% APY Max Savings
When I clicked on Personal Savings Accounts today I noticed a new leader. Flagstar Bank is offering a "MAX Savings, 12 month promo - 2.65% APY." I always first check
INOVA IRA Rates Plummet
If you were considering one of Inova's (formerly) exceptional IRA CD rates, take another look at their rate page. They changed within the last few days. The 30 month IRA
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