el dorado savings bank

EL Dorado Savings Bank is a solid and reliable adoption for your money. Yes, you’re right because this community bank knows how and what to offer for battery banking as well as better money Management.

No better place you can find in Placerville without this bank. For both business and personal banking, this bank has a wide range of services that lets a consumer feel the actual banking experience.

From savings to checking, every type of financial product is available in this bank. They are efficient to manage your financial problem and give the proper attention to a financial solution. Let’s find out what more this bank can offer us.

EI Dorado Savings Bank
EI Dorado Savings Bank

What is EL Dorado Savings Bank?

In California, you will see few community banks doing great as financial institutions. The EL Dorado Savings Bank is one of those that was founded in 1956.

Its headquarters is located in Placerville, California. Now they are considered a medium-sized bank. It has assets totaling $2 billion and deposits totaling $2 billion.

Based on its current financial status, this bank is considered the 496th largest bank in the nation. But in Placerville, it’s the 39th largest bank.

If they offer their current services for a few years more, this brick-and-mortar bank will be treated as the largest bank in California.

They offer access to their services and financial products through online and mobile presence. Because of the better service, this bank got a 4.2 rating out of 5.

This bank is best for CDs, IRAs, Mortgages, Savings Accounts, Checking Accounts, and Money Market Accounts. With A health rating, it provides service in 35 different locations.

Picture: Homepage of EL Dorado Savings Bank
Picture: Homepage of EL Dorado Savings Bank

What You Should Know About EL Dorado Savings Bank?

There is little information a client needs to know about a community bank. But all this information can give an idea of their financial decision. For this bank, we’ve mentioned some of these. Check it out from the table below.

IndustriesBanking, Financial Services
Company Size201-500 employees
HeadquartersPlacerville, California
Operating StatusActive
Company TypesFor-Profit
FDIC Certificate30953
Primary RegulatorOCC
Return on Assets  – YTD0.35%
Return on Equity – YTD3.6%
Annual Interest Income$42.7MM

Assets and Liabilities Status:

It’s true, that the growth of a bank is deepened by its services and how it manages financial parameters. All these parameters guide a bank to success or failure.

If the potential customer can compare the asset and liability status of a community bank with the previous activity, choosing them will be easier as financial assistance. To make their investment secure in El Dorado Savings Bank, this comparison will help a lot.

ParticularsQ4 2021Q4 2020
Assets$2.84B$2.51 B
Loans$556.4 MM$597.5MM
Equity Capital$264.6 MM$259.2 MM
Loan Loss Allowance$6.2 MM$6.1 MM
Unbacked Noncurrent Loans$1.8 MM$2.6 MM
Real Estate Owned$0$0

What Are the Current Products Offered By EL Dorado Savings Bank?

Without a wide range of products, community banks cannot stay for long in the race. They must offer a comparatively better and unique product that can help a person to meet financial goals.

Customers can easily fit their needs with all these products. So, more products mean more options to fit. This bank also has some best financial products to offer to its customers. Have a glance at them.


  • Checking
  • Savings
  • Certificates of Deposit  
  • IRAs
  • Visa Debit Card
  • Personal Deposit Rates


  • Checking
  • Savings
  • Certificates of Deposit
  • Business Retirement Plans
  • Business Visa Debit Card
  • Business Deposits Rates


  • Home Loans
  • Refinance Loans
  • Lines of Credit
  • Loan Rates

Electronic Services:

  • Internet Banking
  • Bill Payment
  • Online Statements
  • Mobile Banking
  • Mobile Payments

Other Services:

  • Telephone Banking
  • Business Tax Payment
  • Order Checks
  • EDSB Card Alerts
  • Direct Deposit
  • Calculator
Picture: You can choose a different financial product
Picture: You can choose a different financial product

What Are The Rates of Their Popular Products?

Offering the best and unique product is not the last thing for a community bank. They must focus on the rate as well. A better rate of return or minimum charges can help the customer to choose the product.

Here is the table where we showed all the popular products of the EL Dorado Savings Bank, its current terms and rates, and minimum balances for APY.

ProductCurrent Terms and RatesMinimum Balance for APY
Savings Accounts0.03% APY$300
Certificates of Deposit12 Months: 0.20% APY 24 Months: 0.40% APY 36 Months: 0.55% APY 60 Months: 0.90% APY$500 for all tiers
Money Market Accounts10K tier: 0.03% APY 25K tier: 0.06% APY$5,000 $25,000
Checking Accounts0.02% APY$500

From the below table, you can also compare their APY based on their account type with other parameters.

APYAccount TypeHow They Compare
0.90%5 Year CD0.73% – National Average
0.20%1 Year CD0.80% – Capital One 12 Month 360 CD
0.03%Savings0.71%– mph. Bank Money Market Account

What are The Good and Bad of This Bank?

Not every bank can satisfy their customer with its services. Yes, there are lots of limitations. Some are major and some are not.

But most of the time, a community bank highlights what they’ve positively got for their client. Here are the pros of the EL Dorado Savings Bank.


  • It doesn’t impose any monthly charges
  • Has a wide range of services.


  • The interest rate is competitively higher than other community banks.
  • Customer service is still upgradable in many sections.
Picture: Download the mobile app
Picture: Download the mobile app


The EL Dorado Savings Bank is the ultimate choice for people who want better financial assistance in both personal and business terms.

With a wide range of financial products and services, this bank makes a strong place in the community banking industry.

It doesn’t matter which types of financial targets you’ve to meet in the future. This bank always believes its product will perfectly fit different financial needs.

To fulfill their as well as consumer demand, it makes the way of account controlling more flexible through telephone banking, internet banking, and mobile banking.

They believe in a commitment that can satisfy all the customers. That’s why this bank is best for you.

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