Cincinnati Banking Rates

Cincinnati Bank Profile: Columbia Savings Bank

columbia savings bank

If you’re looking for a Cincinnati bank that offers excellent deposit and loan services, then Columbia Savings Bank might have exactly what you need for your next stress-free banking experience.

 

Columbia Savings Bank Checking Accounts

At Columbia Savings Bank you can receive a regular checking account offer and waive a low monthly fee of $5 when you set up a direct deposit. You can also waive the fee if you have an automatic loan payment connected to this checking account while receiving unlimited checking.

With a checking plus account you will receive a competitive interest rate based on a tiered account balance. To avoid a monthly fee of $7.50, make sure you maintain a minimum balance of $1,000. However, if you are representing a religious church or non-profit organization, you will not be charged this monthly fee.

Additional Columbia Savings Bank Deposit Services

Columbia Savings Bank also offers a money market savings account that pays a competitive interest rate based on a tiered balance level, while providing liquidity for small or large investments.

Certificate of deposit accounts have terms that range from one week to five years, while interest earned is compounded daily and can be paid monthly, quarterly or at maturity. Early withdrawal penalties, a 10-day grace period and automatic renewal might apply.

Loans Available From Columbia Savings Bank

Columbia Savings Bank offers a wide-range of mortgage products, including fixed-rate and adjustable-rate mortgages.This Cincinnati bank also has first-time buyer and FHA mortgage loans for borrowers unable to provide a down payment, and who additionally might need flexible credit guidelines.

Borrowers can also find construction, land, rehab and jumbo loans available from Columbia Savings Bank.

History of Columbia Savings Bank

When Columbia Savings Bank was founded in 1892 as the Elmont No. 2 Building and Savings Co., the bank only had a few hundred dollars to its name.

Since its inception, this Cincinnati bank has grown to include more than $73 million in assets. After being renamed the Corryville Building and Savings Company in 1902 and the Columbia Savings and Loan Company in 1970, it would become Columbia Savings Bank once it received its state-chartered savings bank standing.

Though its name has changed a few times throughout the decades, Columbia Savings Bank remains true to its community.

Contact Information for Columbia Savings Bank

Columbia Savings Bank is located at 411 Ludlow Ave in Cincinnati, right in the heart of Clifton gaslight district. You can reach customer service representatives at (513) 281-2443. The hours of operation for Columbia Savings Bank locations are 9 a.m. to 5 p.m., Monday through Friday, and 9 a.m. to 12 p.m. on Saturdays.