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Marine Bank Review

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Marine Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Marine Bank started in 1970 and its headquarters are located in Springfield, Illinois. Marine Bank handles assets of $641 million and deposits totaling $544 million, classifying it as a medium-size bank. Marine Bank has above-average customer service access with a live chat feature, which is helpful for those that work during typical customer service hours. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. At a SmartAsset rating of 4.1 out of 5 stars, Marine Bank should be solidly in contention for your choice of bank. Marine Bank has a diverse array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Marine Bank offers an option without a maintenance or monthly fee. Locating a bank with no-fee checking, in addition to a high interest rate savings account is the best option for accruing the highest income on your deposits while having easy access to your funds.

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 0.10%, Marine Bank ranks poorly compared to other U.S. banks. Marine Bank's one-year and five-year term lengths CDs earn at a rate of 0.20% and 1.75%, respectively, while its highest-yielding money market account earns at a rate of 0.15%. Given its noncompetitive savings rate, you should consider looking elsewhere to open savings accounts.

How Marine Bank's Savings Rates Compare

Marine Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Marine Bank charges customers extremely low fees compared to the national average. With no monthly fee, Marine Bank's checking account is perfect for those who need a hassle-free checking account. Marine Bank does not reimburse out-of-network ATM fees, meaning you'll have to find a Marine Bank ATM or eat the withdrawal 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

Marine Bank is a brick-and-mortar bank, with 13 total branches in Illinois. It also offers access to mobile and web apps for straightforward access and banking on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday and 8:00 a.m. to 5:00 p.m. CT. Additionally, Marine Bank offers a live chat feature, giving customers an easy access point throughout the day. Marine Bank's online and mobile banking services receive poor feedback from customers. With 46 customer reviews on Apple and Android platforms, the Marine Bank mobile app is scored at 3.0 out of 5 (compared to the national average of 3.8). Marine Bank's mobile app lets you manage your accounts by reviewing current statements, transferring funds as well as reaching customer service. Marine Bank receives a superb consumer satisfaction score due to comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

SmartAsset Average: 4.8

Marine Bank ranks as a medium-size bank and manages assets totaling $641 million as well as $544 million in deposits. Its Texas Ratio is 6.90%, suggesting a small possibility of failure. Additionally, Marine 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 Marine Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 0.20% APY
  • 24 Month: 0.35% APY
  • 36 Month: 2.50% APY
  • 48 Month: 1.60% APY
  • 60 Month: 1.75% APY
$1000 for all terms
Money Market Account 0.15% APY $10000

Marine Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Marine 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. Marine Bank's CD rates are fair in comparison to the national average.

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Find a Marine Bank Near Me

Marine Bank has 13 physical locations in the U.S.

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