Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Home Savings Bank Review

Your Details Done
by Updated
Home Savings Bank Savings
0.03% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 2000, Home Savings Bank has $3 billion in assets as well as $2 billion in deposits, which makes the institution a large bank. Home Savings Bank, whose headquarters are in Youngstown, Ohio, lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. With a commendable 4 out of 5 stars, Home Savings Bank proves it is a respectable bank that deserves your consideration. Home Savings Bank provides customers with a varied choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. Obtaining a checking account with no monthly fee and a savings account with a high APY at the same institution is your best bet for getting the most income on your deposits while having 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

With a savings rate of 0.03%, Home Savings Bank ranks poorly compared to the national average. Home Savings Bank's one-year CD earns at a rate of 0.40% and the five-year CD earns at a rate of 3.00%, while its highest-yielding money market account has an APY of 0.40%. Given its below average savings rate, you should think about looking elsewhere to open savings accounts.

How Home Savings Bank's Savings Rates Compare

Home Savings Bank Savings 0.03 National Average 0.26 Compare Offers
Back to Overview


SmartAsset Average: 4.4

There is insufficient data on Home 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
Back to Overview

Service Quality

SmartAsset Average: 3.7

Home Savings Bank is a brick-and-mortar bank, with 37 total branches in Ohio and Pennsylvania. With mobile and web apps, Home Savings Bank makes mobile banking easy, even on the go. It does not have all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 8:00 a.m. to 8:00 p.m. ET; Saturday, and 9:00 a.m. to 3:00 p.m. ET. Home Savings Bank receives high praise from users for its mobile banking services. Out of 840 ratings across iOS and Android platforms, the Home Savings Bank mobile app has an overall rating of 4.6 out of 5 (compared to the national average of 3.8). You can utilize Home Savings Bank's mobile app to control your funds by reviewing current statements, transferring money and reaching customer service. Home Savings Bank receives an excellent consumer satisfaction score due to comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

SmartAsset Average: 4.8

Home Savings Bank ranks as a large bank owning $3 billion in assets as well as $2 billion in deposits. Its Texas Ratio is 4.39%, denoting that the bank is in outstanding financial health and far from failure. Additionally, Home 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

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.

Back to Overview

Compare Home Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.03% APY $50
Checking Account 0.01% APY $1000
Certificates of Deposit
  • 12 Month: 0.40% APY
  • 24 Month: 0.50% APY
  • 36 Month: 0.65% APY
  • 48 Month: 0.75% APY
  • 60 Month: 3.00% APY
$500 for all terms
Money Market Account 0.4% APY $25000

Home 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. Home Savings Bank does not have the best savings rate, which means you should think about taking a look 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. Home Savings Bank's CD rates are fair as compared against the national average.

Back to Overview

Find a Home Savings Bank Near Me

Home Savings Bank has 37 locations across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure