Founded in 1997, Investors Community Bank has assets totaling $1 billion along with deposits totaling $1 billion, which makes it a medium-size bank. Investors Community Bank, whose headquarters are in Manitowoc, Wisconsin, has above-average access to customer service with a live chat feature, great for getting help during the work week. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. On the whole, Investors Community Bank is a decent bank that leaves room for improvement, with a rating of 3.7 stars out of 5 from our team. Investors Community Bank offers a complete suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. It has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product maintains a $5.00 monthly fee, which places it at the higher end of monthly fees. Finding a checking account with no monthly fee, in addition to a savings account with a high APY at the same institution is the best bet for accruing the most income from your deposits alongside convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.40%, Investors Community Bank ranks poorly in comparison to the national average. Investors Community Bank's one-year CD has a rate of 2.50% and the five-year CD earns at a rate of 3.30%, while its highest-yielding money market account earns at a rate of 1.51%. Given its below average savings rate, you should consider taking a look at other banks for savings accounts.
How Investors Community Bank's Savings Rates Compare
Investors Community Bank typically has high fees in comparison to the national average. Its checking account has a monthly fee of $5.00, ranking it fair for anyone looking for a simple account. Investors Community Bank unfortunately doesn't reimburse out-of-network ATM charges, which means you'll need to locate an Investors Community Bank ATM or eat the cost of withdrawal.
Investors Community Bank has both an online and physical presence, with six total branches in Wisconsin. With mobile and web apps, Investors Community Bank makes mobile banking easy, even on the go. Additionally, Investors Community Bank customers can access live chat for help, key for getting quick access to customer service. You can access Investors Community Bank's mobile app to control your funds by reviewing current statements, sending and receiving money and accessing support representatives. Investors Community Bank receives an outstanding consumer satisfaction score based on relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
Investors Community Bank is a medium-size bank owning assets totaling $1 billion as well as deposits totaling $1 billion. It has a strong Texas Ratio of 8.43%, indicating a tiny possibility of failure. Additionally, Investors Community 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 Investors Community Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.4% APY||$1|
|Checking Account||0.4% APY||$1|
|Certificates of Deposit|| ||$5000 for all terms|
|Money Market Accounts||1.51% APY 1.51% APY||$10000 $15000|
Investors Community Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Investors Community 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. Investors Community Bank's CD rates are fair compared to the national average.Back to Overview
Find a Investors Community Bank Near Me
Investors Community Bank has six physical branches in the U.S.Back to Overview