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Investors Community Bank Review

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

Overview

Founded in 1997, Investors Community Bank has assets totaling $1 billion along with $1 billion in deposits, classifying the institution as a medium-size bank. Investors Community Bank, whose headquarters are in Manitowoc, Wisconsin, 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 offerings. On the whole, Investors Community Bank is an acceptable bank choice, but may leave you wanting more, with a score of 3.7 stars out of 5 from the SmartAsset experts. Investors Community Bank offers a full suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. Investors Community Bank has a fair savings rate; other popular banks have higher rates. The bank's standard checking product maintains a monthly fee of $5.00, although banks sometimes have requirements that allow you to waive the fee. Obtaining 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 on your deposits while maintaining easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.7/5
National Average: 4.1

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

Rates

4.6
SmartAsset Average: 3.5

With a savings rate of 0.40%, Investors Community Bank ranks poorly compared to the national average. Investors Community Bank's one-year CD earns at a rate of 2.50% and the five-year CD has 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 think about opting for higher earning savings accounts with other banks.

How Investors Community Bank's Savings Rates Compare

Investors Community Bank Savings 0.40 National Average 0.26 Compare Offers
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Fees

3.0
SmartAsset Average: 4.4

On average, Investors Community Bank charges customers high fees compared to the national average. Investors Community Bank's checking account has a monthly fee of $5.00, which makes it fair for anyone looking for a hassle-free account. Investors Community Bank doesn't refund out-of-network ATM charges, meaning you'll have to search for an Investors Community Bank ATM or eat the withdrawal fee.

Monthly Fee $5.00 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

Investors Community Bank is a brick-and-mortar bank, with six total bank locations in Wisconsin. With mobile and web apps, Investors Community Bank makes account access straightforward, even on the go. Investors Community Bank's mobile app allows you to manage your finances by monitoring current statements, transferring funds and reaching customer service. Investors Community Bank gets an exceptional consumer satisfaction rating due to relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

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

4.6
SmartAsset Average: 4.8

Investors Community Bank is a medium-size bank with $1 billion in assets as well as $1 billion in deposits. Investors Community Bank's Texas Ratio is 8.43%, indicating that the bank is in good financial shape and far from 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

8.43%
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 Investors Community Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.4% APY $1
Checking Account 0.4% APY $1
Certificates of Deposit
  • 12 Month: 2.50% APY
  • 24 Month: 2.80% APY
  • 36 Month: 3.05% APY
  • 48 Month: 3.15% APY
  • 60 Month: 3.30% APY
$5000 for all terms
Money Market Accounts 1.51% APY 1.51% APY $10000 $15000

Investors Community 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. Investors Community Bank does not have the best savings rate, which means you should consider 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.

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Find a Investors Community Bank Near Me

Investors Community Bank has six branches in the U.S.

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