Galion Building and Loan Bank Rates & Review

Galion Building and Loan Bank Review

Galion Building and Loan Bank was established in 1884 in Galion, Ohio. It is a local bank with two branches in Galion. Its suite of products includes savings, checking and loans.

Saving account selections

Galion Building and Loan provides customers with many different tailored savings account options. Basic choices include a statement savings account, a passbook savings account and an IRA. More specialized choices include Kid's Club savings, super saver accounts, and vacation and holiday savings accounts. It is also possible to invest in a more high yield savings account such as a CD.

Checking account choices

Galion Building and Loan offers five different checking account choices:

1. Free checking account. This is a no-fee, no-interest account that only requires $5 to be opened.
2. NOW checking account. This interest-earning account opens with a minimum deposit of $100.
3. Super NOW checking account. This interest-bearing account opens with $2,500.
4. Money market account. Open this with $2,500 or more.
5. Business checking account. This is no-interest checking account for business customers.

Bank loans

This bank offers residential real estate loans, home equity lines of credit, construction loans, home improvement loans, auto loans, personal loans and business loans.

Bank services

Like most banks, Galion Building and Loan offers online banking with bill pay and electronic funds transfer, phone banking and direct deposit. Visa travel money cards are available. On-site services include coin counting, night deposit, notary public and safe deposit box rental.

Deposit insurance

Galion Building and Loan Bank is a member bank of the Federal Deposit Insurance Corporation. The temporary increase in FDIC coverage from $100,000 to $250,000 per depositor was made permanent in July 2010. All eligible deposits are FDIC-insured up to at least $250,000 per depositor. Joint accounts are FDIC-insured up to at least $250,000 per account holder.

Compare savings account rates from Galion Building and Loan and more than 400 other banks at SavingsAccounts.com.