Founded in 1911, Heartland Bank has assets totaling $900 million as well as deposits totaling $780 million, classifying it as a medium-size bank. Heartland Bank, whose headquarters are in Gahanna, Ohio, does not have the same customer service perks that other banks do. It is a conventional brick-and-mortar bank, which means in-person service, in addition to its online and mobile presence. With a commendable 4.3 out of 5 stars, Heartland Bank proves it is a great choice and should warrant serious consideration.
Heartland Bank offers a full suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate, which means other popular banks have higher rates. A great everyday account, Heartland Bank's savings account goes without a maintenance or monthly fee. Why keep checking and savings accounts with the same bank? Convenient transferring of funds between both accounts translates to higher interest rates in your savings account with the flexibility of spending from your checking.
Heartland Bank is a brick-and-mortar bank, with 18 total branches in Ohio. It also offers access to mobile and web apps for a straightforward mobile-banking experience.
Heartland Bank gets fairly high praise from users for its online presence: the Heartland Bank mobile app has been given a 3.9 out of 5 (out of 21 ratings on iOS and Android) compared to the national average of 3.8. You can utilize Heartland Bank's mobile app to manage your accounts by checking account balances, transferring funds as well as accessing customer service. Heartland Bank gets a superb consumer satisfaction score due to relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Accounts||0.02% APY||$50||Compare Offers|
|Certificates of Deposit|| ||$500 for all tiers||Compare Offers|
|Money Market Accounts|| ||$10,000 & $25,000||Compare Offers|
|Checking Accounts||0.01% APY||$500||Compare Offers|
Heartland Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs, meaning you have many options to manage your money. Heartland Bank does not have the best savings rate, which means you should think about other options for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Heartland Bank's CD rates are competitive in comparison to the average U.S. bank.
Compare Heartland Bank to Other Competitive Offers
Heartland Bank has a savings rate of 0.02%, which is fair as compared against the national average. Heartland Bank's CD rates are 0.10% and 0.40% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.10%. It has a fair savings rate, which means you can find higher rates with other banks. You might want to think about looking elsewhere to open savings accounts.
Heartland Bank generally has extremely low fees compared to the average U.S. bank. Its checking account has no monthly fee, rating it excellent for anyone looking for a simple account. For those who often frequent the ATM, it is perfect because it offers no ATM fees. Additionally, Heartland Bank has an overdraft fee of $31, which is lower than the national average.
Heartland Bank ranks as a medium-size bank and handles $900 million in assets as well as $780 million in deposits. Heartland Bank has an excellent Texas Ratio of 2.11%, denoting that the bank is in superb financial health and exceedingly improbable to fail. Additionally, Heartland Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.
Find a Heartland Bank Near Me
Heartland Bank has 18 physical locations in the U.S.