Centier Bank Review | Review, Fees, Offerings | SmartAsset.com (2024)

Centier Bank was founded in 1895 with headquarters located in Whiting, Indiana. It handles assets totaling $8.72 billion as well as $7.2 billion in deposits, classifying it as a large bank. Centier Bank does not have the same customer service perks that others do. It is a conventional brick-and-mortar bank, which means in-person service, in addition to its online and mobile presence. We gave the bank a 4.3 stars out of 5, which means Centier Bank is a solid contender in your bank search.

Centier Bank provides customers with a complete selection of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. It has a fair savings rate, which means other popular banks have higher rates. The bank's standard checking account features a monthly fee of $2.00, which is acceptable compared to the average U.S. bank. Using the same bank for checking and savings can be best for getting the highest interest rates on your income while retaining access to your money without having to wait for money to transfer between accounts.

Service Quality

Centier Bank is a brick-and-mortar bank, with 57 total bank locations in Indiana. With mobile and web apps, Centier Bank makes mobile banking straightforward, even on the go. It does not provide access to all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday, 7:00 a.m. to 7:00 p.m. CT; Saturday, 8:00 to 3:00 p.m. CT; Sunday, 10:00 a.m. to 3:00 p.m. CT.

Centier Bank receives positive ratings from customers for its mobile banking services: out of 1,800 ratings on both Apple and Android platforms, the Centier Bank mobile app rates a 4.5 out of 5 (compared to the national average of 3.8). You can use Centier Bank's app to manage your accounts by checking monthly statements, sending and receiving money as well as reaching customer service. Centier Bank receives a superb consumer satisfaction score due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Products Offered

Centier Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs, meaning you have many options to manage your money. Centier Bank does not have the best savings rate, which means you should consider other options for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Centier Bank's CD rates are competitive compared to the national average.

Rates

With a savings rate of 0.01%, Centier Bank ranks below the mean compared to the national average. Centier Bank's one-year special CD earns at a rate of 2.00% and the five-year CD has a rate of 2.00%, while its highest-yielding money market account has a rate of 0.10%. It has a fair savings rate, which means you can find higher rates with other banks. Think about taking a look at other banks for savings accounts.

Compare Centier Bank to Other Competitive Offers

Fees

On average, Centier Bank charges its customers extremely low fees compared to the national average. Its checking account has a monthly fee of $2.00, ranking it excellent for anyone looking for a hassle-free account. For those who use cash often, Centier Bank is perfect because it has no ATM fees. Additionally, Centier Bank has an overdraft fee of $25, which is considerably lower than the national average, making it perfect for those who don't check their balance often.

Financial Health

Centier Bank is a large bank owning $8.72 billion in assets as well as $7.2 billion in deposits. Centier Bank's Texas Ratio is 1.43%, suggesting that the bank is in good financial condition and far from failure. Additionally, Centier Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a Centier Bank Near Me

Centier Bank has 57 branches in the U.S.