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Isabella Bank Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Isabella Bank Savings
0.35% APY

Overview

Our Rating: 4.4/5 How we calculated this rating

Isabella Bank was founded in 1903 with headquarters located in Mount Pleasant, Michigan. Isabella Bank manages assets totaling $2 billion and deposits totaling $1 billion, classifying it as a large bank. Isabella Bank does not have the same customer service perks that others do. It is a traditional brick-and-mortar bank, which means easier access to service representatives at a physical location, in addition to its online and mobile apps. Coming in at a commendable 4.2 out of 5 stars, Isabella Bank proves it is a solid contender in your bank search. 

Isabella Bank has the full package of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. Isabella Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, the bank's most basic checking account does not carry a monthly maintenance charge. Why have checking and savings accounts with one bank? Fast transferring between both accounts translates to higher interest rates in your savings account with the versatility of spending from your checking.

Service Quality

Isabella Bank is a brick-and-mortar bank, with 30 total bank locations in Michigan. It also offers access to mobile and web apps for easy access and banking on the go.  

Isabella Bank's online and mobile banking services receive fairly high scores from customers: out of 45 customer reviews on both Apple and Android platforms, the Isabella Bank mobile app has an overall rating of 3.1 out of 5 (compared to the national average of 3.8). You can use Isabella Bank's app to manage your bank accounts by looking at current statements, sending and receiving funds as well as accessing customer service. Isabella Bank gets an exceptional consumer satisfaction rating due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.35% APY $2,500 Compare Offers
Certificates of Deposit
  • 12 Month: 2.20% APY
  • 24 Month: 2.25% APY
  • 36 Month: 2.25% APY
  • 48 Month: 2.81% APY
  • 60 Month: 2.40% APY
$500 for all tiers aside from $1000 for 48 Month Compare Offers
Money Market Accounts
  • 10K tier: 0.25% APY
  • 25K tier: 0.30% APY
  • $5,000
  • $25,000
Compare Offers
Checking Accounts 0.20% APY $2,500 Compare Offers

It offers several deposit products including savings accounts, checking accounts, money market accounts and CDs, meaning you have many options to manage your money. Isabella Bank does not have the best savings rate, which means you should think about looking elsewhere for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Isabella Bank's CD rates are competitive in comparison to other U.S. banks. 

Rates

With a savings rate of 0.05%, Isabella Bank ranks below the mean in comparison to other U.S. banks. Its one-year and five-year term lengths CD's earn at a rate of 2.20% and 2.40%, respectively, while its highest-yielding money market account earns at a rate of 0.30%. It has a fair savings rate, which means other popular banks have higher rates. Think about other options to earn more on your deposits.

Compare Isabella Bank to Other Competitive Offers

Fees

Isabella Bank has typically extremely low fees compared to other U.S. banks. Its checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. For those who use cash often, it is good because it has ATM fee of $1.00, which is good compared to the national average. Also, it has an overdraft fee of $32, which is less than that of other U.S. banks, making it perfect for those who spend a lot of money on their debit card. 

Financial Health

Isabella Bank is currently a large bank owning assets totaling $2 billion and $1 billion in deposits. It has an excellent Texas Ratio of 2.07%, suggesting that Isabella Bank is in excellent financial condition and exceedingly unlikely to fail. Additionally, Isabella Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find an Isabella Bank Near Me

Isabella Bank has 30 physical locations across the U.S.

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