Banks in Columbus with the Best Savings Rates: September 2011
Most people have a preference when it comes to choosing where to bank. Some prefer the nationwide presence of national chains, while others may actually belong to a credit union. A growing portion of local residents happen to prefer the smaller, community-oriented Columbus banks.
There are quite a few advantages to banking with a local financial institution, so if you’re not pleased with your current financial institution, give banks in Columbus at try.
Top 3 Benefits of Banks in Columbus
So what can a local institution provide you that the big chains often can’t? Every bank is different, but the smaller ones tend to boast the following:
1. Higher Interest Rates: Since local banks are more focused on the well-being of the community, they tend to provide much more competitive interest rates on loans and bank accounts.
2. Better Customer Service: Local banks make it a point to show their appreciation for customers with more attentive bank employees who do their best to meet your needs.
3. Local Decision Making: Because Columbus banks are run by residents who are familiar with the needs and concerns of local families and businesses, loan approvals and other major decisions can be made quickly.
Columbus Banks with the Top Savings Rates
A savings account is the foundation to financial security. Of course, you’ll want to be sure your deposits are reaching their full potential by obtaining the best interest rate available. Below are the local banks with the top Columbus savings rates today.
- Nationwide Bank: 0.5%
- The Home Savings and Loan Company of Kenton, Ohio: 0.5%
- Galion Building and Loan Bank: 0.25%
- The Guernsey Bank: 0.25%
- Insight Bank: 0.25%
These savings rates are accurate as of September 29, 2011, but can change at any time in the future. Please contact individual banks to verify rates, as well as learn about additional terms and requirements, before opening an account.
