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Liberty Savings Bank Review

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


Started in 1984, Liberty Savings Bank has $637 million in assets as well as deposits totaling $385 million, ranking the institution as a medium-size bank. Liberty Savings Bank, whose headquarters are in Wilmington, Ohio, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. We gave Liberty Savings Bank a 4.2 out of 5 stars, suggesting it is a solid contender in your bank search. Liberty Savings Bank has a diversity of banking products, including savings accounts, checking accounts, CDs, IRAs and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Liberty Savings Bank offers an option without a maintenance or monthly fee. Finding a checking account with no monthly fee, in addition to a savings account with a high APY at the same bank is your best bet for getting the most income from your deposits alongside convenient 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 earns at a rate of 0.50%, while its highest-yielding money market account earns at an APY of 0.01%. Given its noncompetitive savings rate, you should think about other options 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
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SmartAsset Average: 4.4

On average, Liberty Savings Bank charges its customers extremely low fees in comparison to the average U.S. bank. Liberty Savings Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. Liberty Savings Bank unfortunately doesn't reimburse out-of-network ATM fees, meaning you'll need to locate a Liberty Savings Bank ATM or accept the fee.

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
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Service Quality

SmartAsset Average: 3.7

Liberty Savings Bank is a brick-and-mortar bank, with eight total bank locations in Colorado, Florida and Ohio. With mobile and web apps, Liberty Savings Bank makes mobile banking straightforward, even on the go. Liberty Savings Bank's online and mobile banking services get fair marks from customers. Out of 25 customer reviews across both iOS and Android platforms, the Liberty Savings Bank mobile app has an overall rating of 3.7 out of 5 (compared to the national average of 3.8). Liberty Savings Bank's mobile app lets you control your funds by checking monthly statements, sending and receiving money as well as accessing support representatives. Liberty Savings Bank gets a superb consumer satisfaction rating due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial 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
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Financial Health

SmartAsset Average: 4.8

Liberty Savings Bank is a medium-size bank and handles $637 million in assets as well as $385 million in deposits. Its Texas Ratio is 12.25%, suggesting 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.

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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 that provide you with many options to manage your money. Liberty Savings Bank does not have the best savings rate, which means you should consider other options 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 compared to the average U.S. bank.

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Find a Liberty Savings Bank Near Me

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

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