Banking today does not only mean to offer traditional banking products but to innovate different ideas and products which are very much different form others and suited to all classes of people. It also includes providing different arrays of exemplary products and excellent customer services. Banks are now providing almost all the financial products under one roof either themselves or with their associates and with joint ventures. One of the foremost names in such category is Salem Five. As the bank was formed in Salem, Massachusetts in the year 1855, it got its name Salem. Since its inception the bank has many ups and downs in its working area but remained as strong as it is today. In difficult times when many industrial organizations left Salem looking for cheap labor, the bank kept its ground firm and supported in rebuilding the area. As a result of that today, it is one of the strongest and well capitalized bank in the USA. It not only provides the banking services but assists in community services as well. In the year 1914 when the major part of the Salem city was destroyed by the devastating fire, the bank played an important role in rebuilding the city. The bank has funded many community oriented programs. With his virtue the bank is among the toppers in bank reviews.
On the banking front, the bank is famous for its customer oriented services. It has got a well trained staff that is devoted to serve the customers better. Twenty four hours telephone customer care, banking over internet and ATM banking are few of the examples which show that bank’s resolve to provide outstanding customer services. Today, the bank has more than 2500 ATMs across the country. With the help these services, the customer can access bank’s products and services at their own convenience at any time and any where. The bank, with the help of its innovative products and exemplary services, holds assets more than $2.8 billion. With help of its subsidiaries the bank provides mortgage, investment and insurance services. The bank also offers depository services. All the deposits are insured with FDIC. The bank also strives to invent new products and now it has introduced external fund transfer through online banking. It is one of the newest ideas in the banking sector. It is treated one of the most consumer friendly banks in the country.
————————————————————————————————
Other Details:
Website: www.salemfive.com
Phone Number: 1.800.322.2265/ (978) 745-7787/(800) 255-7787
Address: 210 Essex Street, Salem, MA 01970
Minimum Balance: www.salemfive.com
Interest: www.salemfive.com
Current Savings Account Rates: www.salemfive.com
Current CD Rates: www.salemfive.com
In today’s fast paced people do not want to run one bank to other for their different banking solutions, rather they prefer to have their financial needs addressed under one roof. To attract such customers many banks have started offering not only the traditional banking products but different varieties of other financial products as well. Now the customers do not have to run pillar to post for their financial needs. One of the renowned names in diversified financial banking is Principal bank. Principal bank is one of the constituents of The Principal Group. The group has got its presence globally through its associates and group companies. It is rated very high in bank ratings. Offering such a wide range of diversified products has helped the bank to gain an outstanding position in bank reviews. The group has financial solutions for almost each and everyone ranging from individuals, business houses and retired people as well. The products that it offers are the conventional bank products like checking, savings and money accounts and other financial products like insurance, retirement products, wealth and wellness and asset management. The group has been providing these services for a long time and now and that too very efficiently. It has started providing its services over the internet so that the customer can access the products offered by it from anywhere and anytime. It also has its active customer care over telephone which is available twenty four hours for the benefit of the customers.
The group has been providing many diversified services and has its headquarters at Des Moines, Iowa and has more than 15 million customers. Its Global asset management arm manages different assets for its clients and provides consultancy services too. It has introduced many retirement programs for the benefit of the working class. It has got a wide variety of retirement solutions. In investment services it provides different investment products having fixed income, equity investment and real estate investment programs. Apart from the products mentioned above, the group provides many insurance products as well. These products range from life, disability, dental to vision insurance. It also offers a wide range of health care programs to suit the consumers’ needs. It provides some wellness programs developed for certain employers for their employee benefit. In traditional banking it allows the customers to open and check different accounts online, transfer balances and see the balances in their accounts online.
————————————————————————————————
Other Details:
Website: www.principal.com
Phone Number: 1.800.986.3343
Address: Principal Financial Group, 711 High Street, Des Moines, IA 50392
Minimum Balance: www.principal.com
Interest: www.principal.com
Current Savings Account Rates: www.principal.com
Current CD Rates: www.principal.com
Many of the banks still follow the conventional and conservative method of lending but manage to succeed in their mission. One name which is worth mentioning in this regard is the Presidential bank. The bank is a federal bank and is regulated by the specific statute. Though this was formed in the year 1985 it has come long way on the success path. It applies a conservative method in lending money so that the depositors’ money is safeguarded and does not fall in wrong hands. It also strives to follow the modern and progressive approach as well. Due to this balanced approach the bank is very famous in the areas where it serves and has earned bank a good rating in bank ratings. In today’s modern and fast paced banking the mortgages are offered at a faster rate and in doing so, banks often do not verify the potential customer’s repaying ability. Sometimes it turns out to be a non performing debt. Presidential bank verifies all the required details about the potential mortgage seeker, goes deeply in to its background and then approves the mortgage. This helps the bank to offer the facility to the genuine seekers and money remains secured as well. In its continuous effort for the customer benefit, the bank in the year 1995 started offering account opening facility through internet, making it the USA’s first bank to do so.
Presidential bank was formed by the founders of Mosaic Funds (previously known as GIT Investment Funds). Since its initial days, the bank started generating profits for the group even when markets were turbulent. Today the bank holds $450 million in assets. The bank is among the initiators of real time PC banking service allowing the customer to see their account balances, transfer money between different accounts over internet. It gave the customer the facility to view the month to date statement as well. The bank did some unconventional banking during the year 1992 to 1997. It started purchasing performing loans from the unsuccessful banks and then route them though FDIC and RTC. This gave the bank the opportunity to generate higher yield than the other banks and helped it to reach at the top in the Washington DC area. The bank has won many awards for its outstanding services and products in the USA. It shows that banks can be successful even if they follow conservative banking approach.
————————————————————————————————
Other Details:
Website: www.presidential.com
Phone Number: (301) 652-0700
Address: 4520 East-West Highway, Bethesda, Maryland 20814
Minimum Balance: www.presidential.com
Interest: www.presidential.com
Current Savings Account Rates: www.presidential.com
Current CD Rates: www.presidential.com
There are few banks in the world whose primary motive is not to earn profits, but to serve the community. One of them is OneUnited Bank. This bank was formed to serve low to moderate earning urban population. Since its inception the bank has the mission to provide exemplary services and products for the economical development of urban community. In doing so, the bank has been launching new products and new services that have helped the community to fulfill its needs at a relatively lower cost and at a faster rate. In bank reviews this bank holds a high reputation as it is regarded as the largest bank in the USA which is owned and managed by the black people. It also has the distinction of being first black owned internet bank and also the first black owned interstate bank. The bank has a vision of providing world class products that help in wealth creation for the urban communities. As the bank has got branches in more than one state in the USA, it has managed to broaden its customer base. The bank’s history is more than 50 years old when several banks across the USA having the same mission were merged and formed as OneUnited Bank. The bank is a merger of Founders National Bank of Commerce, Los Angeles, Family Savings Bank, Los Angeles, Peoples National Bank of Commerce in Miami and Boston Bank of Commerce.
The bank strives for its community. For the betterment of its targeted community the bank has innovated many products and services. It was for the ease of its customers only, that the bank launched banking through internet and expanded its branches to other states. The bank in principally involved in deposit gathering and offering mortgage loans. Apart form this it deals in some state based securities as well. All the deposits with bank are insured with FDIC and are secured to the maximum extent. It has got well trained staffs that are more than ready to serve the customers and loan officers as well who know their customers by their names, giving them a feel of being special. Through net banking it has become easier for the customers to access the banking products at their own convenience. The bank is on expanding spree and is ready to acquire other banks also that support its mission so that it can serve the community better.
————————————————————————————————
Other Details:
Website: www.oneunited.com
Phone Number: (617) 457- 4400
Address: 100 Franklin Street, Suite 600, Boston, MA 02110
Minimum Balance: www.oneunited.com
Interest: www.oneunited.com
Current Savings Account Rates: www.oneunited.com
Current CD Rates: www.oneunited.com
It is a well known fact that the fittest survives in a competitive world. In today’s cut throat competitive markets, banks are providing different products and services to overtake their competitors. More or less all the banks provide the same services; the thing which differentiates one bank from other is the quality of the customer services and suitability of the offered products to its customers. One of the foremost names in the different banking experience is Key bank. Being a part of KeyCorp has made it a class above than its competitors. Rated among the toppers in bank ratings, KeyCorp is one of the USA’s largest bank based financial service provider companies. With its distinguished products and superior services, the bank has been able to raise around $ 98 billion in assets and has almost 1485 ATMs. Not only that, it also has around 993 full service branch locations. Apart from financial banking the bank is involved in community banking as well.
Bank’s history dates back to 1849 and since that day it has been in the continuous service of the community. As it prides itself on the rich heritage that it inherited, the bank also improved upon its area of products offerings. It provides a large array of services which includes retails and commercial banking, consumer banking, corporate and investment banking and investment management as well. In one sentence we can say that the bank provides almost all the services which you expect a bank to provide. Due to its exemplary products it has won many accolades and awards. In consumer banking bank provides home equity loans and educational loans at a very competitive and affordable rate. In corporate and investment banking the bank offers a wide range of products to business houses. With the help of its group companies, it provides construction loans, long term financial products. It also provides the financial solution for the small to big business organization in their equipment acquisition needs. It also offers treasury management services as well with the help of its associates. In investment management services the bank provides tailor made solutions to its client. For the customer facilitation the bank has twenty four hours operated customer care over telephone. Moreover, any body can access bank’s products any time and from any where through internet. To assist the customers the group has around 17,000 employees nationwide.
————————————————————————————————
Other Details:
Website: www.key.com
Phone Number: 800-KEY2YOU (800-539-2968)
Address: 127 Public Square, Cleveland, Ohio 44114
Minimum Balance: www.key.com
Interest: www.key.com
Current Savings Account Rates: www.key.com
Current CD Rates: www.key.com
There are few banks in the world whose primary motive is not to earn profits, but to serve the community. One of them is OneUnited Bank. This bank was formed to serve low to moderate earning urban population. Since its inception the bank has the mission to provide exemplary services and products for the economical development of urban community. In doing so, the bank has been launching new products and new services that have helped the community to fulfill its needs at a relatively lower cost and at a faster rate. In bank reviews this bank holds a high reputation as it is regarded as the largest bank in the USA which is owned and managed by the black people. It also has the distinction of being first black owned internet bank and also the first black owned interstate bank. The bank has a vision of providing world class products that help in wealth creation for the urban communities. As the bank has got branches in more than one state in the USA, it has managed to broaden its customer base. The bank’s history is more than 50 years old when several banks across the USA having the same mission were merged and formed as OneUnited Bank. The bank is a merger of Founders National Bank of Commerce, Los Angeles, Family Savings Bank, Los Angeles, Peoples National Bank of Commerce in Miami and Boston Bank of Commerce.
The bank strives for its community. For the betterment of its targeted community the bank has innovated many products and services. It was for the ease of its customers only, that the bank launched banking through internet and expanded its branches to other states. The bank in principally involved in deposit gathering and offering mortgage loans. Apart form this it deals in some state based securities as well. All the deposits with bank are insured with FDIC and are secured to the maximum extent. It has got well trained staffs that are more than ready to serve the customers and loan officers as well who know their customers by their names, giving them a feel of being special. Through net banking it has become easier for the customers to access the banking products at their own convenience. The bank is on expanding spree and is ready to acquire other banks also that support its mission so that it can serve the community better.
———————————————————————————————
Other Details:
Website: www.oneunited.com
Phone Number: (617) 457- 4400
Address: 100 Franklin Street, Suite 600, Boston, MA 02110
Minimum Balance: www.oneunited.com
Interest: www.oneunited.com
Current Savings Account Rates: www.oneunited.com
Current CD Rates: www.oneunited.com
There are different kinds of banks; some are for serving a particular community, some are providing service online and some use traditional banking approach. Another kind of bank which came in to existence to do interstate banking over internet was InterSTATE NET BANK in the year 2001. This bank had a distinction of being the first New Jersey state-chartered commercial internet bank. The area that bank covers in New Jersey, Easter Pennsylvania and Northern Delaware. The bank has its mission to provide Web enabled superior products to the targeted customers. In the year 2006 the bank’s name was changed from InterSTATE NET BANK to ISN bank to reflect the bank’s constant efforts for change and development. The bank strives to provide exceptional customer services and products to its customers. They do not stop at it; rather want to exceed the expectations of their customers. In doing so, they have got experienced and efficient business development team which in continuously engaged in innovating quality products. The bank gives utmost importance to customer relationships. It knows that in this competitive world it can survive only with more than expected customer services. The bank is one of the leaders in its field and hence, rated higher in bank ratings.
To attract more and more customers, bank offers diversified banking solutions to individuals and small and medium businesses. In its personal banking division, the bank offers checking accounts, savings account, money markets accounts, deposits accounts and electronic banking as well, whereas, in business banking division the bank offers small business checking, savings accounts, money market accounts and different kinds of business loans. All these services are provided by the bank at very competitive rate. The bank is able to save a lot on operating expenses as it offers its services online. It passes on the savings to its customers and hence, the rates are cheaper than the other banks. Moreover, all the deposits lying with bank is secured by FDIC to the maximum amount. Even non interest bearing transaction accounts are insured as well. As the bank works online maximum effort is put on the security of customer account data. Bank makes sure that no unauthorized access is done. Bank keeps the customers’ private data secret and does not share it with any other bank, unless compelled by any law.
————————————————————————————————
Other Details:
Website: www.isnbank.com
Phone: 1-866-476-2265/ 856-675-6161
Address: INS Bank, Liberty View Building, 457 Haddonfield Road, Suite 100,
Cherry Hill, NJ 08002.
Current rates: www.isnbank.com
There are many people who desire to have all their financial solutions addressed under roof. They do not want to run one bank to other for their financial and banking needs. Now banking has not remained as it was in its initial days. Banks are offering almost all the financial services to its customers either through themselves or with their business partners. Imperial Capital Bank is among these service providers. As the bank provides different varieties of services with the help of its group companies, it is rated among the best in the field in the bank reviews. There are certain points on which the bank rating is done. These may range from customer services, customer satisfaction, quality of products, cost of the services so on and so forth. The bank scores a high rating on these aspects. Having found a place under Imperial Capital Bancorp, Inc., the bank boasts on its rich heritage as well. Imperial Capital Bank is a state chartered bank non member commercial bank having rights to offer wide range of deposit products that includes providing checking accounts as well which the other industrial banks are prohibited by the state law. The bank was first formed in the year 1974 and had the name as Imperial Thrift and Loan Association, a California Industrial Loan Bank. Imperial Capital Bancorp, Inc is the parent company which has rich history of banking. The bank’s name was changed to its present one in the year 2000 and in 2003 its charter was also changed.
Imperial Capital Bank not only provides branch banking but online banking as well. It offers different outstanding services such as Checking and money market accounts, savings accounts and certificates of deposits and ATM and other related services. With its retail branches scattered at many places, the bank provides personal and business financial solutions from there. The bank provides multifamily and commercial construction mortgages through its commercial lending division. It has got medium and small mortgage products for the customers. It supports the entertainment industry as well with its entertainment industry finance division. It offers them with loans, consultancy and collection and has been a well known name in that field. All its products can be accessed from the bank’s website also. People can open accounts online too and do many transactions. It is one of the best known industrial banks.
————————————————————————————————
Other Details:
Website: www.imperialcapitalbank.com
Phone Number: (800) 595-8950/ (866) 413-5626/ (800) 455-4485
Address: www.imperialcapitalbank.com
Minimum Balance: www.imperialcapitalbank.com
Interest: www.imperialcapitalbank.com
Current Savings Account Rates: www.imperialcapitalbank.com
Current CD Rates: www.imperialcapitalbank.com
For HSBC group of companies the world is very small. As the group claims it is world’s local bank. This group has its presence almost all over the globe through its associates and other partners. It is one of the biggest banking groups of the world providing diversified banking, BPO, KPO and other financial services. It is one of the toppers among bank ratings. The bank has more than 9,500 offices worldwide. Though the bank is headquartered in London it has got its presence in Europe, The Asia- Pacific region, the Middle East, Africa and The Americas. With its exemplary and world class services the group has now become a household name in world banking. As the group provided its services through physical branches, a need had arisen earlier to change the banking method with the change in the technology. Keeping in mind the popularity of banking over internet, HSBC Direct was launched. It provides all the banking services online and does not have any branch. In the USA, HSBC Direct is an associate of HSBC Bank USA, NA. This bank ahs got more than 470 branches in the USA. Being the part of such a world renowned group has given an inherent advantage to HSBC direct as it did have to introduce itself to the world and within a short span of time HSBC direct became leading online banking service provider.
The bank is mainly concerned for the convenience of its customers. It constantly develops many online products and services to be offered to its consumers. In such products there are products like Online Savings Account, Online Bill Payment Account and Online CD Accounts. HSBC Direct is able to provide its services at very competitive rates as it passes its savings earned by reduction in overheads, to the consumers. It also gives the option to the consumers to pay their telephone, electricity bills or other utility bills online. It has helped many customers a lot as they can avoid the rush hour and save lot of time. Since, all the bank transactions are online extra efforts are given for customer data security. It has got state of art online security system to restrict unauthorized access to any of its customer accounts. It has provided its customers with unique identity number and password so that a secured access could be made. Customers’ private data is kept secret to avoid any misuse.
———————————————————————————————
Other Details:
Website: www.hsbcdirect.com
Phone Number: 1.888.404.4050/ +1.716.841.7695
Address: HSBC Bank USA, NA, PO BOX- 4045, Buffalo, NY – 14240- 4045
Minimum Balance: www.hsbcdirect.com
Interest: www.hsbcdirect.com
Current Savings Account Rates: www.hsbcdirect.com
Current CD Rates: www.hsbcdirect.com
It is a very usual trend in banks to open up its business for a particular community. Its banking revolves around that particular community but gradually it does not remain confined to one community. One of the foremost names in independent community banking services is the Heritage bank. It serves around South Puget Sound region of the USA. With the different branches at the different places, the bank offers a wide variety of quality services. Not only that, the bank’s working culture is such that it is treated among the best banks to work for. It shows that bank not only gives importance to the customers but also values its human resource. It has got awards for one of the best companies for employment, best place to work. Heritage bank was formed with a simple mission to take care of the financial pains of its prospective customers. It resolved that it would try to understand the problems of its customers and provide them with best suited products. The trained staff pays attention in listening to the each and every problems, tries to go deep in to that and strives to provide the best possible products. To provide the quality services the staff is very professionally trained & equipped with all the required knowledge. The bank also provides a suitable working environment for the employees. No doubt, in bank reviews Heritage bank is among the top rankers.
The bank has got almost all the financial services for almost all types of customers, whether individual or business houses. It has got credit cards for individual and business use with lots of bonuses and rewards. It offers to turn the expenses in to many rewards. In checking and savings accounts it offers wide arrays of products. It has got accounts for the individuals and business use as well. These accounts have different balance requirements and are for different periods. In loan products also the bank offers a wide range of products right from small borrower to medium and big. It provides many varieties of term loans and business loans. It also has the facility to provide SBA loans. Having such a wide range of loan products has helped the bank to juggle between them and offer cost effective products to its customers. In deposits segment also it has got products and rates to suit almost all kind of consumers. Moreover, the bank provides investment services for the ease of its valued customers. It has to be provided good rating while rating the banks.
———————————————————————————————
Other Details:
Website: www.heritagebankwa.com
Phone Number: 360-943-1500 or 1-800-455-6126
Address: 201 5th Avenue SW, Olympia, WA 98501-1063
Minimum Balance: www.heritagebankwa.com
Interest: www.heritagebankwa.com
Current Savings Account Rates: www.heritagebankwa.com
Current CD Rates: www.heritagebankwa.com
