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Territorial Savings Bank Review

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Territorial Savings Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 1921, Territorial Savings Bank has assets totaling $2 billion and deposits totaling $2 billion, classifying the institution as a large bank. Territorial Savings Bank, whose headquarters are in Honolulu, Hawaii, lacks premium access to customer service, 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 apps. We gave the bank a 4.2 out of 5 stars, suggesting Territorial Savings Bank is a solid pick to be your bank. Territorial Savings Bank provides customers with an array product offerings, including savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Territorial Savings Bank's standard checking account does not carry a monthly fee. Finding a checking account with no monthly fee and a savings account with a high interest rate at the same institution is your best option for gaining the most income on your deposits while maintaining 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

Territorial Savings Bank has a savings rate of 0.25%, which is fair as compared against the national average. Its CDs feature a rate of 0.50% and 0.90% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.05%. Given Territorial Savings Bank's noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How Territorial Savings Bank's Savings Rates Compare

Territorial Savings Bank Savings 0.25 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Territorial Savings Bank charges customers extremely low fees compared to other U.S. banks. Its checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Territorial Savings Bank doesn't reimburse out-of-network ATM charges, meaning you'll have to locate a Territorial Savings Bank ATM or pay the cost of withdrawal.

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

Territorial Savings Bank is a brick-and-mortar bank, with 30 total bank locations in Hawaii. With mobile and web apps, Territorial Savings Bank makes mobile banking convenient, even on the go. Territorial Savings Bank receives unsatisfactory reviews from customers for its mobile platform. With 49 ratings across both iOS and Android platforms, the Territorial Savings Bank mobile app rates a 2.8 out of 5 (compared to the national average of 3.8). Territorial Savings Bank's mobile app lets you manage your finances by looking at current statements, transferring money as well as reaching support representatives. Territorial Savings Bank gets a superb consumer satisfaction score based on comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 2.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Territorial Savings Bank ranks as a large bank and has $2 billion in assets and deposits totaling $2 billion. Territorial Savings Bank has an excellent Texas Ratio of 1.98%, signifying that the bank is in superb financial condition and improbable to fail. Additionally, Territorial 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.

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Compare Territorial Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $1
Checking Account 0.02% APY $1
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 0.60% APY
  • 36 Month: 0.70% APY
  • 48 Month: 0.80% APY
  • 60 Month: 0.90% APY
$1000 for all terms
Money Market Account 0.05% APY $1000

Territorial Savings Bank has several deposit products including savings accounts, checking accounts and CDs to give you many options to manage your money. Territorial Savings Bank does not have the best savings rate, which means you should consider 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. Territorial Savings Bank's CD rates are fair as compared against the national average.

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Find a Territorial Savings Bank Near Me

Territorial Savings Bank has 30 locations in the U.S.

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