Bell Bank Review

Overview

Bell Bank was founded in 1966 with headquarters located in Fargo, North Dakota. Bell Bank owns $13.45 billion in assets along with deposits totaling $11.66 billion, making it a large bank. Bell Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 4.4 stars out of 5, Bell Bank should be solidly in contention for your choice of bank. Bell Bank offers the full selection of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, Bell Bank's most basic checking account does not have a monthly maintenance fee. Obtaining a checking account with no monthly fee and a savings account with a high APY at the same bank is the best bet for getting the most income from your deposits while maintaining easy access to your funds.

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Bell Bank has a savings rate of 0.50%, which is fair as compared against the national average. Bell Bank's one-year CD has a rate of 4.00% and the five-year CD earns at a rate of 3.25%, while its highest-yielding money market account earns at a rate of 0.70%. Given its poor savings rate, you should consider taking a look at other banks for savings accounts.

How Bell Bank's Savings Rates Compare

Bell Bank has typically extremely low fees compared to the national average. With no monthly fee, Bell Bank is ideal for people who want a simple checking account. Bell Bank does not reimburse out-of-network ATM charges, which means you will have to locate a Bell Bank ATM or pay the fee.

Bell Bank is a brick-and-mortar bank, with 28 total branches in Idaho, Minnesota and North Dakota. With mobile and web apps, Bell Bank makes account access convenient, even on the go. It does not offer all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday, 7:00 a.m. to 10:00 p.m. PT; Saturday and Sunday, and 7:00 a.m. to 6:00 p.m. PT. Bell Bank receives fair marks from customers for its mobile banking services. With 410 ratings across both Apple and Android platforms, the Bell Bank mobile app is scored at 3.8 out of 5 (compared to the national average of 3.8). Bell Bank's mobile app allows you to control your accounts by checking monthly statements, sending and receiving money as well as reaching customer service. Bell Bank receives an outstanding consumer satisfaction rating due to comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Bell Bank is currently a large bank owning assets totaling $13.45 billion as well as $11.66 billion in deposits. Bell Bank's Texas Ratio is 0.95%, signifying that Bell Bank is in superb financial health and unlikely to fail. Additionally, Bell Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

Products Offered

Bell Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Bell Bank does not have the best savings rate, which means you should consider looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Bell Bank's CD rates are fair as compared against the national average.

Find a Bell Bank Near Me

Bell Bank has 28 branches in the U.S.