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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

Investors Community Bank was founded in 1997 and its headquarters are located in Manitowoc, Wisconsin. Investors Community Bank handles assets of $1 billion and deposits totaling $1 billion, classifying it as a medium-size bank. Investors Community 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. SmartAsset has rated Investors Community Bank 3.7 stars out of 5, indicating that it is a decent choice, but with better options out there. Investors Community Bank offers the complete slate of banking products, including 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. Institutions that offer free checking as well as a high interest rate savings account are your best option for accruing the highest income from your deposits alongside easy access to your money.

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 CDs feature a rate of 2.50% and 3.30% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 1.36%. Given its below average savings rate, you should consider other options to earn more on your deposits.

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

Investors Community Bank charges its customers high fees as compared against the national average. Its checking account has a monthly fee of $5.00, ranking it fair for anyone looking for a hassle-free account. Investors Community Bank unfortunately doesn't reimburse out-of-network ATM charges, meaning you will need to search for an Investors Community Bank ATM or accept the ATM charge.

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 branches in Wisconsin. It also offers access to mobile and web apps for simple access and banking on the go. You can use Investors Community Bank's mobile app to control your accounts by looking at current statements, transferring funds as well as reaching support representatives. Investors Community Bank receives a superb consumer satisfaction score due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial 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

4.6
SmartAsset Average: 4.8

Investors Community Bank is currently a medium-size bank and manages $1 billion in assets and deposits totaling $1 billion. Investors Community Bank has a strong Texas Ratio of 8.43%, denoting that Investors Community Bank is in good financial condition and unlikely to fail. 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 Account 1.36% APY $10000

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 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 average U.S. bank.

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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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