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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

Investar Bank first started operating in 2006 and its headquarters are located in Baton Rouge, Louisiana. It has assets of $2 billion as well as deposits totaling $1 billion, which makes it a large bank. Investar Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. On the whole, Investar Bank is a good bank that deserves your consideration, with a score of 3.9 out of 5 stars from our experts. Investar Bank provides customers with a complete suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Investar Bank has a fair savings rate; you can find higher rates with other banks. Institutions that offer free checking as well as a high savings APY are the best bet for getting the highest income on your deposits while maintaining convenient access to your funds.

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

With a savings rate of 0.40%, Investar Bank ranks poorly compared to the national average. Investar Bank's one-year CD earns at a rate of 1.60% and the five-year CD earns at a rate of 3.10%, while its highest-yielding money market account earns at a rate of 0.50%. Given its below average savings rate, you should think about looking elsewhere to open 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 bank locations in Louisiana. It also offers access to mobile and web apps for an easy mobile-banking experience. Investar Bank's mobile app lets you control your accounts by reviewing account balances, sending and receiving money as well as reaching support representatives. Investar Bank receives a superb consumer satisfaction rating based on comparatively 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 is currently a large bank and handles $2 billion in assets and $1 billion in deposits. Its Texas Ratio is 3.73%, indicating a minute probability 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
Checking Account 0.1% APY $751
Certificates of Deposit
  • 12 Month: 1.60% APY
  • 24 Month: 1.60% APY
  • 36 Month: 2.60% APY
  • 48 Month: 2.86% APY
  • 60 Month: 3.10% APY
$1000 for all terms
Money Market Accounts 0.4% APY 0.5% APY $10000 $15000

Investar Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you 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 compared to the national average.

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Find a Investar Bank Near Me

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

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