Altoona Savings Bank, established in 1893, has a rich history of providing financial services to individuals and businesses in the Altoona, Pennsylvania area. With a focus on customer satisfaction and financial well-being, the bank has consistently garnered recognition for its exceptional services.
Altoona Savings Bank offers a comprehensive suite of financial services tailored to meet the diverse needs of its customers:
Strong Financial Performance:
- Altoona Savings Bank maintains a robust financial performance with a consistently high credit rating. As of 2022, the bank's Tier 1 capital ratio stood at 14.7%, significantly exceeding industry standards.
Local Expertise:
- With over 125 years of experience, Altoona Savings Bank has an in-depth understanding of the local market and economy. This expertise enables the bank to provide tailored solutions that cater to the specific needs of its customers.
Outstanding Customer Service:
- Altoona Savings Bank is renowned for its exceptional customer service, with a dedicated team of professionals committed to providing personalized attention. The bank consistently achieves high customer satisfaction ratings, reflecting its commitment to building long-term relationships.
Commitment to Community:
- Altoona Savings Bank actively supports the local community through various initiatives and sponsorships. The bank believes in investing in its customers and the communities it serves.
Avoiding Overdrafts: Monitor your account balance regularly to prevent overdraft fees. Consider setting up automatic notifications to alert you when your balance falls below a certain threshold.
Managing Debt Effectively: Avoid taking on excessive debt and prioritize paying down high-interest debt first. Consider consolidating debt to reduce interest payments and simplify repayment.
Understanding Credit Reports: Regularly review your credit reports and dispute any errors. A good credit score is essential for obtaining favorable loan terms and interest rates.
What are the account opening requirements for Altoona Savings Bank?
- You will need to provide basic personal information, proof of identity, and proof of address.
Does Altoona Savings Bank offer mobile banking?
- Yes, the bank provides a user-friendly mobile app for convenient account management.
What are the minimum balance requirements for checking and savings accounts?
- Minimum balance requirements vary depending on the account type. Contact the bank for specific details.
Does Altoona Savings Bank offer competitive interest rates on deposits?
- While Altoona Savings Bank generally offers competitive rates, they may not always be the highest in the market.
Is Altoona Savings Bank a member of the FDIC?
- Yes, Altoona Savings Bank is an FDIC member, ensuring the safety of customer deposits up to $250,000.
Can I open an account online?
- Yes, you can open an account online through the bank's website.
Whether you're seeking personal banking solutions, business financing, or investment advice, Altoona Savings Bank is your trusted partner for financial success. Visit their website or contact a representative today to explore the benefits of banking with a local, reliable financial institution.
Indicator | Value |
---|---|
Tier 1 Capital Ratio | 14.7% |
Return on Assets (ROA) | 1.2% |
Return on Equity (ROE) | 10.5% |
Account Type | Interest Rate |
---|---|
Regular Savings Account | 0.05% |
Money Market Account | 0.10% |
Certificate of Deposit (6-month) | 0.25% |
Fee Type | Charge |
---|---|
Overdraft Fee | $35 |
Returned Check Fee | $20 |
Monthly Maintenance Fee (for accounts with balances below $500) | $5 |
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