International Finance Bank started in 1983 and is headquartered in Miami, Florida. International Finance Bank has $473 million in assets as well as $396 million in deposits, ranking it as a medium-size bank. International Finance Bank 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 access to service representatives at a physical location, in addition to its online and mobile offerings. We gave International Finance Bank a 3.6 stars out of 5, suggesting it is an acceptable bank choice, but may leave you wanting more. International Finance Bank offers a complete array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. International Finance Bank has a fair savings rate; other popular banks have higher rates. Banks that offer free checking and a high interest rate savings account are your best option for accruing the highest income from your deposits while maintaining convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
International Finance Bank has a savings rate of 0.62%, which is poor as compared against the national average. Its one-year CD has a rate of 1.50% and the five-year CD earns at a rate of 2.50%, while its highest-yielding money market account has an APY of 0.70%. Given International Finance Bank's poor savings rate, you should consider choosing another bank to earn more on your deposits.
How International Finance Bank's Savings Rates Compare
There is insufficient data on International Finance Bank's fees to provide a full SmartAsset rating.
International Finance Bank is a brick-and-mortar bank, with three total bank locations in Florida. It also offers access to mobile and web apps for a straightforward mobile-banking experience. You can access International Finance Bank's app to control your funds by reviewing monthly statements, transferring money as well as accessing customer service. International Finance Bank gets an excellent consumer satisfaction score due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
International Finance Bank ranks as a medium-size bank owning $473 million in assets as well as $396 million in deposits. International Finance Bank has an excellent Texas Ratio of 2.36%, suggesting a minute possibility of failure. Additionally, International Finance 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.Back to Overview
Compare International Finance Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.62% APY||$2500|
|Checking Account||0.6% APY||$2500|
|Certificates of Deposit|| ||$2500 for all terms|
|Money Market Accounts||0.7% APY 0.7% APY||$10000 $15000|
International Finance 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. International Finance Bank does not have the best savings rate, which means you should think about 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. International Finance Bank's CD rates are fair compared to the average U.S. bank.Back to Overview
Find a International Finance Bank Near Me
International Finance Bank has three branches across the U.S.Back to Overview