1st Source Bank Rates & Review

1st Source Bank Review

The largest locally controlled bank in Northwest Indiana and Southwest Michigan, 1st Source Bank, has grown with the region since the bank was first chartered in 1863.

In 2009, 1st Source Bank was named one of the "100 Most Trustworthy Companies" by Forbes and Audit Integrity, as well as one of the "Top 150 Performing Banks" by Bank Director Magazine. Customers can also be comfortable with this bank's "A+" rating by the Better Business Bureau and the fact that their funds in this institution are FDIC-insured.

The more than 145-year history of this institution, originally known as First National Bank of South Bend, has not prevented the bank from jumping into 21st-century technology and offering their customers free online banking. Customers can transfer money, pay bills, check balances and more 24 hours a day.

Account Options

1st Source Bank offers a multitude of accounts including checking accounts and a savings account along with certificate of deposit (CD) accounts and IRAs. The simplest combination for many customers will include the Easy Checking account, which has no minimum balance or deposit requirement and no monthly maintenance fee; and the Every Day Interest Savings account, a no-fee account with no minimum balance or deposit requirements.

All deposit accounts are FDIC-insured up to $250,000 per depositor in accordance with current FDIC regulations.

Representatives at 1st Source Bank are available to advise customers on retirement planning and investments in addition to handling their day-to-day financial needs.