B+ MyBankTracker Rating

Savings Institute Bank and Trust Company

About Savings Institute Bank and Trust Company

Established in 1842, the Savings Institute Bank & Trust Company offers a full range of financial services to individuals, businesses and municipalities through its eastern CT offices. The primary product offerings include savings, checking and deposit accounts, certificates of deposit, residential and commercial mortgage loans, commercial business loans and consumer loans. Additionally, wealth management services, which include trust, financial planning, investment services* and life insurance*, are offered

Savings Institute Bank and Trust Company logo

MyBankTracker rated based on the following criteria that includes real customer reviews and bank fees, among others. Our bank report card is a proprietary rating system that highlights the financial health and stability of the bank. See how it’s rated.

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Customer Reviews

Most Helpful Savings Institute Bank and Trust Company Bank Customer Reviews

  • L
    Reviewed By LilyB Mar 11, 2014

    The worst banking experience I have ever had.

    Before my daughter went to Europe for her semester abroad, we notified SIBATC exactly where she will be and for how long and were assured that she will be able to use her debit card without any issues. Unfortunately, there have been NOTHING BUT issues since almost day one: numerous instances of her card being rejected, even for simple (and small) purchases such as groceries or a cup of coffee, or bigger ones, when she wasn't able to pay the rent for her accomodations using her card. I have called Customer Service numerous times and every time I was told that the problem has been fixes and that she should have "no issues going forward".
    If anything, the issues have actually gotten worse, to the point where I am about to close all our accounts at this bank and move them somewhere else.
    I wouldn't wish this situation on anybody - having your child abroad without access to her own funds!!!

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  • Type Fee National Average
  • Monthly Inactivity N/A
  • Non-Sufficient Fund (Overdraft) N/A 0
  • Stop Payment item N/A 0
  • Return Deposit N/A 0
  • Domestic Wire Transfer (Outbound) N/A 0
  • Domestic Wire Transfer (Inbound) N/A 0
  • Non-Bank ATM N/A