Lisle Savings Bank was founded in 1917 with headquarters in Lisle, Illinois. It has assets of $524 million as well as $402 million in deposits, which makes it a medium-size bank. Lisle Savings Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Overall, Lisle Savings Bank is a great bank that you should seriously consider, with a score of 4.4 out of 5 stars from our team. Lisle Savings Bank provides customers with a variety of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Lisle Savings Bank has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Lisle Savings Bank's standard checking account does not carry a monthly charge. Finding an institution with no-fee checking as well as a high interest rate savings account is your best bet for returning the most income from your deposits while having easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.20%, Lisle Savings Bank ranks poorly in comparison to the average U.S. bank. Its one-year CD has a rate of 1.25%, while its highest-yielding money market account earns at a rate of 0.40%. Given its below average savings rate, you should consider looking elsewhere to open savings accounts.
How Lisle Savings Bank's Savings Rates Compare
Lisle Savings Bank generally has extremely low fees as compared against the national average. With no monthly fee, Lisle Savings Bank is ideal for people who want a basic banking experience. For those who will need cash in a pinch, it is ideal because it has no out-of-network ATM fees. Lisle Savings Bank does not refund out-of-network ATM fees, which means you will have to find a Lisle Savings Bank ATM or eat the cost of withdrawal.
Lisle Savings Bank is a brick-and-mortar bank, with three total branches in Illinois. With mobile and web apps, Lisle Savings Bank makes mobile banking easy, even on the go. Lisle Savings Bank's online and mobile banking platforms get high marks from users. The Lisle Savings Bank mobile app is rated at 4.6 out of 5 (with 49 customer reviews on iOS and Android) compared to the national average of 3.8. Lisle Savings Bank's mobile app allows you to control your bank accounts by reviewing monthly statements, transferring funds as well as reaching customer service. Lisle Savings Bank gets a superb consumer satisfaction score based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
Lisle Savings Bank is currently a medium-size bank and handles $524 million in assets as well as deposits totaling $402 million. Its Texas Ratio is 11.14%, denoting a small chance of failure. Additionally, Lisle 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
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 Lisle Savings Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.2% APY||$10|
|Checking Account||0.1% APY||$1|
|Certificates of Deposit|| ||$2000 for all terms|
|Money Market Accounts||0.4% APY 0.4% APY||$10000 $15000|
Lisle Savings Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Lisle Savings Bank does not have the best savings rate, which means you should think about 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. Lisle Savings Bank's CD rates are fair as compared against the national average.Back to Overview
Find a Lisle Savings Bank Near Me
Lisle Savings Bank has three physical locations in the U.S.Back to Overview