The Stonebridge Bank review covers Stonebridge bank’s savings, money market, and checking accounts. Find out why you may or may not want to use Stonebridge bank in this thorough review.

Is Stonebridge Bank the mother lode or fool’s gold in the online banking arena?

Stonebridge Bank – Background

It’s all about convenience. The ability to make banking transactions, check account activity and apply for most of the financial accounts and services you need—anytime it’s convenient for you. Online Banking with Stonebridge Bank is a simple and somewhat straightforward deal.  Established 1999, Stonebridge Bank is a wholly-owned subsidiary of Stonebridge Financial Corp., a holding company registered with the Federal Reserve Bank, and a member FDIC. Physically located in Pennsylvania for those who like the traditional banking, Stonebridge Bank caters very well to online bankers also. Their site is eaisly navigated with most of my questions answered in one or two clicks.Try it yourself at www.stonebridgebank.com.

StoneBridge Bank Interest-bearing Checking Account

Stonebridge Bank offers a high interest checking account with a minimum deposit of only $100. This detail alone would make looking into Stonebridge Bank worth your while. Then, they offer the following with this high interest checking account:

• Interest compounded daily and credited monthly.
• FREE Online Banking and Bill Pay.
• FREE e-Statements
• FREE order of first 50 Stonebridge checks.
• FREE automatic overdraft protection available from your Stonebridge Money Market Account.
• FREE MasterMoney® Debit Card for approved account holders.

If you are looking to for a high interest checking account, Stonebridge bank would be one to research.

Savings and CDs

Premier Money Market Account

Stonebridge Bank’s Premier Money Market Account is boasted as a high yield investment account. However, when compared to the national average, Stonebridge Bank’s rates just shy of the medium. So, maybe you will sacrifice the best money market account rate for extremely user-friendly web-site. After all, there are much worse rates out there.

Certificates of Deposit and IRA

Whether traditional or IRA, CDs from Stonebridge Bank are investment options that offer a guaranteed rate of return with a variety of terms. Generally, what you want to know up front:

• Choose from a traditional or IRA Certificate.
• Terms from 6 months to 60 months.
• Quickly check interest earned online or by phone.
• Interest may be accumulated in the CD or transferred to your Stonebridge Interest Checking or Money Market Account on a monthly basis.
• Minimum daily balance to earn the APY rate quoted is $500.00.
• Member FDIC. IRAs insured up to $250K.
• Rates for IRA Certificates are the same as the CD rates.

You can open the traditional CD on line, if that is your goal. For the IRA Certificates, you will need to talk with an IRA specialist. Again, the rates are not the highest interest rates out there, but they are far from the lowest and worth a little more research.

Summary

Stonebridge Bank has fairly competitive rates and very user friendly web site. Is it the “mother-lode” of all banks? Certainly not! However, it is not scraping the bottom of the banking industry barrel either. The college student, novice investor or maybe even a slightly more seasoned investor, could do well banking with Stonebridge Bank. Stonebridge Bank is a legitimate institution that offers its customers decent returns.

If you would like to look at reviews for other online banks, please see bank truth’s list of bank reviews. We also have video reviews for those who might like the visual as well.