Helm Bank USA Review

Overview

Established in 1989, Helm Bank USA has $781 million in assets along with deposits totaling $648 million, which makes it a medium-size bank. Helm Bank USA, whose headquarters are in Miami, Florida, lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. We ranked the bank at a 3.2 out of 5 stars, indicating that Helm Bank USA is a satisfactory bank that you should look closer at to see if it fits your needs. Helm Bank USA has the complete selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs and credit cards. It has a fair savings rate compared to the average savings account. Banks that offer free checking, in addition to a high savings APY are the best option for accruing the highest income on your deposits while maintaining convenient access to your funds.

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Helm Bank USA's CDs feature a rate of 1.00% and 2.50% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.13%.

How Helm Bank USA's Savings Rates Compare

Helm Bank USA has typically high fees compared to the national average. Also, Helm Bank USA has an overdraft fee of $40.00, which is significantly greater than the average overdraft fee charged by U.S. banks. Helm Bank USA unfortunately doesn't refund out-of-network ATM charges, which means you'll be required to locate a Helm Bank USA ATM or accept the cost of withdrawal.

Helm Bank USA is a brick-and-mortar bank, with one total bank locations in Florida. Unfortunately, it does not offer a mobile or web app, which means customers are restricted to in-person customer service and access It does not have all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday and 8:30 a.m. to 6:00 p.m. ET. Helm Bank USA receives a superb consumer satisfaction rating based on comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Helm Bank USA is currently a medium-size bank owning assets totaling $781 million as well as $648 million in deposits. It has a strong Texas Ratio of 9.33%, suggesting a tiny possibility of failure. Additionally, Helm Bank USA is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

Products Offered

Helm Bank USA has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Helm Bank USA does not have the best savings rate, which means you should think about looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Helm Bank USA's CD rates are fair as compared against the national average.

Find a Helm Bank USA Near Me

Helm Bank USA has one physical branches across the U.S.