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Indiana First Savings Bank Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Indiana First Savings Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1922, Indiana First Savings Bank has $376 million in assets and deposits totaling $299 million, which makes it a small bank. Indiana First Savings Bank, whose headquarters are in Indiana, Pennsylvania, has above-average access to customer service with a live chat feature, which is helpful for those that work during typical customer service hours. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. On the whole, Indiana First Savings Bank is a great bank that you should seriously consider, with a rating of 4.4 out of 5 stars from our team. Indiana First Savings Bank provides customers with a full array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, Indiana First Savings Bank's most basic checking account does not have a monthly fee. Banks that offer free checking as well as a high interest rate savings account are your best bet for returning the highest income on your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

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

Rates

3.4
SmartAsset Average: 3.5

With a savings rate of 0.25%, Indiana First Savings Bank ranks poorly compared to other U.S. banks. Its one-year CD has a rate of 1.75% and the five-year CD has a rate of 1.30%, while its highest-yielding money market account has a rate of 0.35%. Given Indiana First Savings Bank's noncompetitive savings rate, you should consider choosing another bank to earn more on your deposits.

How Indiana First Savings Bank's Savings Rates Compare

Indiana First Savings Bank Savings 0.25 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

On average, Indiana First Savings Bank charges its customers extremely low fees as compared against the national average. With no monthly fee, Indiana First Savings Bank is ideal for people who want a simple banking experience. Indiana First Savings Bank does not reimburse out-of-network ATM fees, which means you will need to search for an Indiana First Savings Bank ATM or eat the withdrawal fee.

Monthly Fee $0 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

4.5
SmartAsset Average: 3.7

Indiana First Savings Bank is a brick-and-mortar bank, with seven total branches in Pennsylvania. It also offers access to mobile and web apps for easy access and banking on the go. Indiana First Savings Bank also offers a live chat feature, which may provide helpful service without getting on the phone. Indiana First Savings Bank's online and mobile banking services get high marks from users. The Indiana First Savings Bank mobile app rates a 4.6 out of 5 (out of 120 customer reviews on Apple and Android) compared to the national average of 3.8. You can use Indiana First Savings Bank's app to manage your funds by looking at account balances, sending and receiving funds as well as reaching customer service. Indiana First Savings Bank gets a superb consumer satisfaction score based on relatively few consumer complaints brought to 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 Yes
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Financial Health

4.8
SmartAsset Average: 4.8

Indiana First Savings Bank ranks as a small bank and has assets totaling $376 million as well as $299 million in deposits. It has a strong Texas Ratio of 5.79%, suggesting that the bank is in good financial health and unlikely to fail. Additionally, Indiana First 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

5.79%
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 Indiana First Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $1
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 1.75% APY
  • 24 Month: 0.70% APY
  • 36 Month: 0.75% APY
  • 48 Month: 1.00% APY
  • 60 Month: 1.30% APY
$500 for all terms
Money Market Accounts 0.3% APY 0.35% APY $10000 $15000

Indiana First Savings Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Indiana First Savings Bank does not have the best savings rate, which means you should consider other options 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. Indiana First Savings Bank's CD rates are fair in comparison to other U.S. banks.

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Find a Indiana First Savings Bank Near Me

Indiana First Savings Bank has seven locations in the U.S.

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