A History of Service: Liberty Savings Bank

The origins of Liberty Savings Bank date back to 1889 in rural Ohio, where business leaders came together to launch a building-and-loan association that would serve community members striving to achieve the dream of homeownership. That institution grew and changed over decades — its branch footprint is now primarily in Florida — yet all along Liberty Savings Bank has remained staunchly focused on supporting communities.

Currently its branches scatter the Gulf coast, where locals seek out Liberty Savings Bank for personal and commercial banking services as well as mortgages. Now that Liberty Savings Bank has joined the Raisin platform, the bank’s exceptional savings products are available for the first time to a national audience.

It’s notable that that bank’s values in business also mirror its philanthropy: The bank has a history supporting causes that strengthen communities, through efforts such as affordable housing creation.

Following is an introduction to Liberty Savings Bank — a community bank that, through Raisin, is poised to further the financial goals of savers nationwide.

As the old saying goes, you can’t please all of the people all of the time. But that hasn’t stopped Liberty Savings Bank from trying. The bank puts an emphasis on customer service, earning it hundreds of five-star reviews.

Even its executives are well-versed in caring for clients’ needs: Ryan Powell, CEO of Liberty Savings Bank, actually got his start at the bank as one of its tellers. “I value my experience working directly with, and for, our clients,” Powell says. “It informs how I do my job every day, and the culture I want to create.” Powell is not alone; the average tenure at the bank among executives is well over 20 years.

Liberty Savings Bank also holds a five-star, “superior” rating from BauerFinancial, a research firm and source of independent ratings of U.S. financial institutions. BauerFinancial evaluates banks based on a range of criteria indicating their stability and performance.

Striving for superior service is one way to positively impact a community. Giving back can be just as powerful. Echoing back its roots as a building-and-loan association, today’s Liberty Savings Bank remains involved in delivering that ever-so-essential human need: shelter. Now, it helps do so through its active philanthropy. For years, Liberty Savings Bank has teamed up with and provided financial support to causes including Habitat for Humanity, whose mission is to create affordable homes for those in need. The bank actively supports three local outlets of the well-known organization: South Sarasota County, Sarasota County and Manatee County.

What is Liberty Savings Bank offering through the Raisin platform? A highly competitive high-yield savings account (HYSA) with an APY of 0.56% — a rate that’s over nine times higher than the national average for a traditional savings account.*

The Federal Deposit Insurance Corporation (FDIC) protects bank customers by keeping their money protected against losses related to a bank failure. Because Liberty Savings Bank is an FDIC member bank, money you hold through your Raisin account in a Liberty Savings Bank deposit product (such as its HYSA) is covered by deposit insurance through the FDIC, up to applicable limits.

Ready to tap into an exceptional rate with Liberty Savings Bank? View their offering here and select a product that’s right for you.