Ascencia Bank Rates & Review

Ascencia Bank Review

Ascencia Bank is a Net-based bank that offers online trading in addition to traditional account options.

Ascencia Bank is an Internet bank that launched in 1999. The bank is headquartered in Louisville, Kentucky. Its parent company is Porter Bancorp Inc., a community banking organization that formed in 1996. Ascencia Bank was originally named USAccess Bank but changed its name in 2002 to reflect its intention to always reach higher with its goals.

Personal banking options

Ascencia Bank offers the usual personal banking account choices including a checking account, savings account, money market account and CDs. Features of these traditional accounts include free bill pay for checking account customers, a low $1,000 minimum balance for money market accounts, and competitive rates on CDs ranging from 6 months to 5 years in length.

Business banking options

Ascencia Bank also provides account options for business owners, including business checking accounts and savings accounts. The bank also offers corporate loans for businesses in need.

Online trading

Ascencia Bank offers online trading through a partnership with UVEST. Investors can trade stocks, bonds, mutual funds and options online. They can use their online bank account access to review account activity, balances and market value.

Recognitions

Ascencia Bank has received numerous awards since it opened. In 2000, the bank was recognized in Louisville's first annual TechnoVision Awards for being excellent in e-commerce.