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Glacier Bank Review

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Glacier Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1955, Glacier Bank has $10 billion in assets and $8 billion in deposits, making the institution a large bank. Glacier Bank, whose headquarters are in Kalispell, Montana, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. SmartAsset has rated the bank 3.9 stars out of 5, which means Glacier Bank is a respectable bank that deserves your consideration. Glacier Bank provides customers with a full suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. Glacier Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Glacier Bank offers an option without a monthly fee. Banks that offer free checking and a high interest rate savings account are your best option for accruing the most income on your deposits while maintaining convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

3.9/5
National Average: 4.1

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

Rates

2.9
SmartAsset Average: 3.5

Glacier Bank has a savings rate of 0.25%, which is fair compared to other U.S. banks. Glacier Bank's one-year CD has a rate of 1.10% and the five-year CD earns at a rate of 1.30%, while its highest-yielding money market account has a rate of 0.30%. Given its noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How Glacier Bank's Savings Rates Compare

Glacier Bank Savings 0.25 National Average 0.26 Compare Offers
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Fees

4.5
SmartAsset Average: 4.4

Glacier Bank charges customers low fees in comparison to the national average. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. For those who visit the ATM often, it is fair because it charges an out-of-network ATM fee of $2.00, which is reasonable compared to other U.S. banks. Also, it has an overdraft fee of $30.00, which is noticeably lower than the national average overdraft fee. Glacier Bank doesn't refund out-of-network ATM charges, meaning you'll have to search for a Glacier Bank ATM or eat the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $2.00 National Average: $1.20
Overdraft Fee $30.00 National Average: $35.00
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Service Quality

3.2
SmartAsset Average: 3.7

Glacier Bank is a brick-and-mortar bank, with 154 total bank locations in Arizona, Colorado, Idaho, Montana, Utah, Washington and Wyoming. It also offers access to mobile and web apps for a straightforward mobile-banking experience. Glacier Bank's online and mobile banking platforms receive poor scores from users. With 580 ratings on both iOS and Android platforms, the Glacier Bank mobile app rates a 2.6 out of 5 (compared to the national average of 3.8). You can utilize Glacier Bank's app to manage your finances by checking monthly statements, sending and receiving money and reaching customer service. Glacier Bank receives a superb consumer satisfaction score due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 2.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

Glacier Bank is currently a large bank with $10 billion in assets and deposits totaling $8 billion. Its Texas Ratio is 4.11%, indicating that the bank is in superb financial well-being and far from failure. Additionally, Glacier Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

4.11%
High Risk 75% 50% 20% 10% Low Risk

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 Glacier Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $300
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 1.10% APY
  • 24 Month: 1.30% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.10% APY
  • 60 Month: 1.30% APY
$1000 for all terms
Money Market Account 0.25% APY $2500

Glacier Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Glacier 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. Glacier Bank's CD rates are fair as compared against the national average.

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Find a Glacier Bank Near Me

Glacier Bank has 154 physical locations in the U.S.

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