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Belmont Savings Bank Review

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Belmont Savings Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Belmont Savings Bank started in 1886 and is headquartered in Bellaire, Ohio. Belmont Savings Bank manages assets of $416 million along with deposits totaling $301 million, ranking it as a medium-size bank. Belmont Savings Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With a score of 3.5 stars out of 5, Belmont Savings Bank should be more closely inspected to see if its services fit your needs. Belmont Savings Bank has the complete package of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Belmont Savings Bank has a fair savings rate; you can find higher rates with other banks. Obtaining a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same institution is your best option for returning the most income from your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

Belmont Savings Bank features a savings rate of 0.20%, which is fair as compared against the national average. Its one-year CD has a rate of 0.25%, while its highest-yielding money market account has a rate of 0.20%. Given Belmont Savings Bank's below average savings rate, you should think about choosing another bank to earn more on your deposits.

How Belmont Savings Bank's Savings Rates Compare

Belmont Savings Bank Savings 0.20 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

There is insufficient data on Belmont Savings Bank's fees to provide a full SmartAsset rating.

Monthly Fee N/A National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Belmont Savings Bank is a brick-and-mortar bank, with four total branches in Ohio. It also offers access to mobile and web apps for simple access and banking on the go. Belmont Savings Bank's mobile app allows you to manage your accounts by checking monthly statements, transferring funds and reaching support representatives. Belmont Savings Bank gets an excellent consumer satisfaction rating due to comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Belmont Savings Bank ranks as a medium-size bank and manages $416 million in assets as well as $301 million in deposits. Belmont Savings Bank's Texas Ratio is 2.43%, denoting that Belmont Savings Bank is in excellent financial shape and improbable to fail. Additionally, Belmont Savings 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.

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Compare Belmont Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $100
Checking Account 0.12% APY $100
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.30% APY
  • 36 Month: 0.40% APY
  • 48 Month: 0.50% APY
$500 for all terms
Money Market Account 0.15% APY $5000

Belmont Savings Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Belmont Savings 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. Belmont Savings Bank's CD rates are fair in comparison to the national average.

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Find a Belmont Savings Bank Near Me

Belmont Savings Bank has four branches across the U.S.

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