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PBI Bank Review

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PBI Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


PBI Bank started in 1902 with headquarters in Louisville, Kentucky. PBI Bank manages assets of $967 million as well as $848 million in deposits, classifying it as a medium-size bank. PBI Bank lacks premium access to support representatives, 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 apps. We ranked PBI Bank at a 4.1 stars out of 5, which means it is a respectable bank that deserves your consideration. PBI Bank has a varied selection of banking products, 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 interested in stress-free personal checking, PBI Bank's standard checking account does not have a monthly fee. Finding a bank with no-fee checking, in addition to a high savings APY is the best bet for accruing the most income on your deposits while having convenient 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

PBI Bank has a savings rate of 0.15%, which is fair in comparison to other U.S. banks. Its one-year CD earns at a rate of 0.61% and the five-year CD has a rate of 2.53%, while its highest-yielding money market account has an APY of 0.15%. Given its below average savings rate, you should think about opting for higher earning savings accounts with other banks.

How PBI Bank's Savings Rates Compare

PBI Bank Savings 0.15 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

PBI Bank typically has low fees compared to the average U.S. bank. With no monthly fee, PBI Bank's checking account is ideal for people who need an easy checking account. For those who often visit the ATM, it is fair because it charges an out-of-network ATM fee of $2.00, which is reasonable compared to the average U.S. bank. Additionally, PBI Bank has an overdraft fee of $32.00, which is lower than the national average. PBI Bank does not reimburse out-of-network ATM charges, meaning you'll need to search for a PBI Bank ATM or accept the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $2.00 National Average: $1.20
Overdraft Fee $32.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

PBI Bank is a brick-and-mortar bank, with 16 total branches in Kentucky. With mobile and web apps, PBI Bank makes account access convenient, even on the go. PBI Bank's online and mobile banking services receive reasonably high marks from customers. Out of 42 ratings across both iOS and Android platforms, the PBI Bank mobile app is scored at 4.3 out of 5 (compared to the national average of 3.8). You can utilize PBI Bank's mobile app to control your accounts by checking current statements, sending and receiving funds and reaching support representatives. PBI Bank gets a superb consumer satisfaction rating due to relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

PBI Bank is a medium-size bank with assets totaling $967 million as well as deposits totaling $848 million. Its Texas Ratio is 8.79%, signifying that the bank is in fine financial condition and unlikely to fail. Additionally, PBI 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 PBI Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $50
Checking Account 0.1% APY $50
Certificates of Deposit
  • 12 Month: 0.61% APY
  • 24 Month: 0.95% APY
  • 36 Month: 1.26% APY
  • 48 Month: 1.36% APY
  • 60 Month: 2.53% APY
$500 for all terms
Money Market Account 0.15% APY $50

PBI Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. PBI Bank does not have the best savings rate, which means you should think about looking 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. PBI Bank's CD rates are fair compared to other U.S. banks.

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Find a PBI Bank Near Me

PBI Bank has 16 physical branches across the U.S.

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