Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Liberty Savings Bank Review

Your Details Done
by Updated
Liberty Savings Bank Savings
0.01% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Liberty Savings Bank was founded in 1984 and is headquartered in Wilmington, Ohio. Liberty Savings Bank owns $637 million in assets along with $385 million in deposits, classifying it as a medium-size bank. Liberty Savings 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. With a score of 4.2 out of 5 stars, Liberty Savings Bank should be solidly in contention for your choice of bank. Liberty Savings Bank has multiple banking products, which include savings accounts, checking accounts, CDs, IRAs and credit cards. Liberty Savings Bank has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, Liberty Savings Bank's most basic checking does not carry a monthly maintenance charge. Using a bank with free checking, in addition to a high interest rate savings account is the best option for accruing the highest income on your deposits alongside easy access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

With a savings rate of 0.01%, Liberty Savings Bank ranks poorly in comparison to the average U.S. bank. Its one-year CD earns at a rate of 1.60% and the five-year CD has a rate of 0.50%, while its highest-yielding money market account has a rate of 0.01%. Given its poor savings rate, you should consider choosing another bank to earn more on your deposits.

How Liberty Savings Bank's Savings Rates Compare

Liberty Savings Bank Savings 0.01 National Average 0.26 Compare Offers
Back to Overview


SmartAsset Average: 4.4

On average, Liberty Savings Bank charges customers extremely low fees as compared against the national average. With no monthly fee, Liberty Savings Bank is ideal for those who want a basic checking account. Liberty Savings Bank unfortunately does not reimburse out-of-network ATM fees, meaning you will be required to search for a Liberty Savings Bank ATM or accept the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

SmartAsset Average: 3.7

Liberty Savings Bank is a brick-and-mortar bank, with eight total branches in Colorado, Florida and Ohio. It also offers access to mobile and web apps for easy access and banking on the go. Liberty Savings Bank receives fair marks from users for its mobile platform. The Liberty Savings Bank mobile app scored a 3.7 out of 5 (out of 25 ratings on Apple and Android) compared to the national average of 3.8. Liberty Savings Bank's mobile app allows you to manage your accounts by checking monthly statements, transferring money as well as accessing customer service. Liberty Savings Bank gets a superb consumer satisfaction rating based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

SmartAsset Average: 4.8

Liberty Savings Bank is currently a medium-size bank and manages assets totaling $637 million as well as deposits totaling $385 million. It has a strong Texas Ratio of 12.25%, denoting a small likelihood of failure. Additionally, Liberty Savings Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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.

Back to Overview

Compare Liberty Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.01% APY $2500
Checking Account 0.01% APY $1
Certificates of Deposit
  • 12 Month: 1.60% APY
  • 24 Month: 0.30% APY
  • 36 Month: 0.40% APY
  • 48 Month: 0.45% APY
  • 60 Month: 0.50% APY
$1000 for all terms
Money Market Account 0.01% APY $25000

Liberty Savings Bank has several deposit products like savings accounts, checking accounts and CDs to give you many options to manage your money. Liberty Savings Bank does not have the best savings rate, which means you should consider taking a look 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. Liberty Savings Bank's CD rates are fair in comparison to the national average.

Back to Overview

Find a Liberty Savings Bank Near Me

Liberty Savings Bank has eight branches in the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure