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Investar Bank Review

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Investar Bank Savings
0.40% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 2006, Investar Bank has $2 billion in assets along with $1 billion in deposits, making it a large bank. Investar Bank, whose headquarters are in Baton Rouge, Louisiana, lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. We ranked the bank at a 3.9 stars out of 5, which means Investar Bank is a respectable bank that deserves your consideration. Investar Bank provides customers with a full selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. Obtaining a checking account with no monthly fee, in addition to a savings account with a high APY at the same institution is your best bet for returning the most income on your deposits while having easy 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

4.4
SmartAsset Average: 3.5

Investar Bank has a savings rate of 0.40%, which is poor compared to the average U.S. bank. Its one-year CD earns at a rate of 1.60% and the five-year CD has a rate of 3.10%, while its highest-yielding money market account has a rate of 0.50%. Given its below average savings rate, you should consider taking a look at other banks for savings accounts.

How Investar Bank's Savings Rates Compare

Investar Bank Savings 0.40 National Average 0.26 Compare Offers
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Fees

NR
SmartAsset Average: 4.4

There is insufficient data on Investar 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
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Service Quality

2.5
SmartAsset Average: 3.7

Investar Bank is a brick-and-mortar bank, with 21 total branches in Louisiana. With mobile and web apps, Investar Bank makes mobile banking straightforward, even on the go. You can use Investar Bank's app to manage your accounts by monitoring account balances, sending and receiving money as well as accessing support representatives. Investar Bank receives a superb consumer satisfaction score based on relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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

4.9
SmartAsset Average: 4.8

Investar Bank ranks as a large bank owning $2 billion in assets as well as $1 billion in deposits. Investar Bank has an excellent Texas Ratio of 3.73%, signifying a low chance of failure. Additionally, Investar Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

3.73%
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 Investar Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.4% APY $2501
Certificates of Deposit
  • 12 Month: 1.60% APY
  • 24 Month: 1.60% APY
  • 36 Month: 1.70% APY
  • 48 Month: 2.86% APY
  • 60 Month: 3.10% APY
$1000 for all terms
Money Market Account 0.4% APY $2500

Investar Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Investar 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. Investar Bank's CD rates are fair in comparison to the national average.

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Find a Investar Bank Near Me

Investar Bank has 21 physical locations in the U.S.

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