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Ion Bank Rates & Review September 2026

Q: How many branches does Ion Bank operate?

Ion Bank currently maintains approximately 37 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Ion Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Ion Bank provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: September 23, 2026

Ion Bank's Conventional Mortgages - 7/6 ARM rates are at 5.88%, Conventional Mortgages - 5/6 ARM rates are at 5.75%, Conventional Mortgages - 10/6 ARM rates are at 6.12%, Conventional Mortgages - 15 Year Fixed rates are at 6.25%, Conventional Mortgages - 20 Year Fixed rates are at 6.62%. Ion Bank's Personal Loan Rates are as low as 14.00%. MonitorBankRates evaluates the financial stability of Ion Bank with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 10.40%. Rates last updated and verified on 09/23/2026.

Ion Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Ion Bank? Share your experience about Ion Bank by leaving a review below, or read customer reviews before you decide to use Ion Bank.

Verified Healthy 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

Excellent Health Score: 95/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

10.40%

Excellent Higher than avg

Health Trend

Steady 12 quarters

Full history ›

Ion Bank

251 Church St
Naugatuck, CT 06770

https://www.ionbank.com

Ion Bank Mortgage Rates

Product	Rate	Points	APR	Term
Conventional Mortgages - 7/6 ARM	5.88%	0	6.35%
Details Fully Indexed Rate: 6.625% Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Conventional Mortgages - 5/6 ARM	5.75%	0	6.40%
Details Fully Indexed Rate: 6.625% Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Conventional Mortgages - 10/6 ARM	6.13%	0	6.40%
Details Fully Indexed Rate: 6.625% Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Conventional Mortgages - 15 Year Fixed	6.25%	0	6.44%
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Conventional Mortgages - 20 Year Fixed	6.63%	0	6.78%
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Conventional Mortgages - 30 Year Fixed	6.88%	0	6.99%
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Jumbo Mortgages - 15 Year Fixed	7.00%	0.25	7.29%	15 Year Fixed
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Jumbo Mortgages - 20 Year Fixed	7.38%	0.25	7.61%	20 Year Fixed
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Jumbo Mortgages - 30 Year Fixed	7.63%	0.25	7.81%	30 Year Fixed
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%

Ion Bank Home Equity & HELOC

Product	Rate	Points	APR	Term
Home Equity 7 Year	-	-	6.00%	7 Year
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Home Equity 5 Year	-	-	6.25%	5 Year
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Home Equity 7 Year	-	-	6.25%	7 Year
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Home Equity 10 Year	-	-	6.50%	10 Year
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Home Equity 5 Year	-	-	6.50%	5 Year
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Home Equity 10 Year	-	-	6.75%	10 Year
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Home Equity 15 Year	-	-	6.75%	15 Year
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Home Equity Line of Credit	-	-	6.75%
Details The Annual Percentage Rate (APR) is a variable rate and is based on the Wall Street Journal's Prime Rate plus a margin. As of December 11, 2025, Prime Rate is 6.75%. The maximum APR that will apply during the life of this loan is 15%. Minimum APR (floor) is 5.50%. A 0.25% discount with automatic payment from an Ion Bank personal checking account. The annual fee of $50 is waived and will continue to be waived as long as automatic payment deduction continues from an Ion Bank personal checking account. Offer is good on owner-occupied 1-4 family residences up to 80% loan-to-value. Minimum check is $500. Property insurance may be required. Properties listed or to be listed for sale within six months are not eligible. Contact us for other financing options. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Home Equity 15 Year	-	-	7.00%	15 Year
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Home Equity 20 Year	-	-	7.00%	20 Year
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Home Equity 5 Year/20 Year	-	-	7.00%	20 years
Details Draw Period: 5 years; Margin: .25%; Floor: 5.50% Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Home Equity 10 Year/15 Year	-	-	7.25%	15 years
Details Draw Period: 10 years; Margin: .50%; Floor: 5.50% Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Home Equity 20 Year	-	-	7.25%	20 Year
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%

Ion Bank Personal Loan Rates

Product	APR	Term
Personal Unsecured Loan	14.00%	1 Year
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Personal Unsecured Loan	14.00%	2 Years
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Personal Unsecured Loan	14.00%	3 Years
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Personal Unsecured Loan	14.00%	4 Years
No additional details. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%

Ion Bank Other Rates

Product	Rate	Points	APY/APR	Term
First Time Homebuyer Programs Loan	6.63%	-	6.63%
Details Rate reflects subject property in low-to-moderate census tract in Ion Bank's assessment areas. Rate reflects household income at or below 80% AMI (Area Median Income). All information provided assumes an owner-occupied purchase mortgage loan in the amount of $100,000 with 25% down and credit score >/= 780. Payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. Restricted to properties located in the following communities in Connecticut and New Jersey: Capital, Naugatuck Valley, and South Central regions; Bergen, Morris, and Passaic counties. Restricted to low-to-moderate census tracts in the following Connecticut cities: Ansonia, Bristol, East Hartford, Hartford, Manchester, Meriden, New Britain, New Haven, and Waterbury. New Jersey boroughs and cities: Bergenfield, Cliffside Park, Clifton, Dover, Elmwood Park, Englewood, Fairview, Garfield, Hackensack, Lodi, Morristown, Mount Olive, Passaic, Paterson, Prospect Park, Wharton, and Woodland Park. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Refinance Special	6.63%	-	6.63%
Details Rate reflects subject property in low-to-moderate census tract in Ion Bank's assessment areas. Rate reflects household income at or below 80% AMI (Area Median Income). All information provided assumes an owner-occupied purchase mortgage loan in the amount of $100,000 with 25% down and credit score >/= 780. Payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. Restricted to properties located in the following communities in Connecticut and New Jersey: Capital, Naugatuck Valley, and South Central regions; Bergen, Morris, and Passaic counties. Restricted to low-to-moderate census tracts in the following Connecticut cities: Ansonia, Bristol, East Hartford, Hartford, Manchester, Meriden, New Britain, New Haven, and Waterbury. New Jersey boroughs and cities: Bergenfield, Cliffside Park, Clifton, Dover, Elmwood Park, Englewood, Fairview, Garfield, Hackensack, Lodi, Morristown, Mount Olive, Passaic, Paterson, Prospect Park, Wharton, and Woodland Park. Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Smart-EHome Energy Improvement Loan	-	-	6.99%	5 Years
Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Smart-EHome Energy Improvement Loan	-	-	6.99%	7 Years
Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Smart-EHome Energy Improvement Loan	-	-	6.99%	10 Years
Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%
Smart-EHome Energy Improvement Loan	-	-	7.49%	12 Years
Last Updated 09/16/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.40%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

Ion Bank’s Texas Ratio fell from 10.95% in Q3 2023 to 10.40% in Q2 2026, so its financial health has held steady at a healthy level over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a bank must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$2.8B	10.40%	5.0	A
March 31, 2026	$2.8B	7.28%	5.0	A
December 31, 2025	$2.7B	6.49%	5.0	A
September 30, 2025	$2.8B	5.02%	5.0	A+
June 30, 2025	$2.8B	5.91%	5.0	A+
March 31, 2025	$2.2B	4.93%	5.0	A+
December 31, 2024	$2.1B	4.90%	5.0	A+
September 30, 2024	$2.1B	5.19%	5.0	A+
June 30, 2024	$2.1B	5.08%	5.0	A+
March 31, 2024	$2.1B	4.93%	5.0	A+
December 31, 2023	$2.2B	8.30%	5.0	A
September 30, 2023	$2.2B	10.95%	5.0	A

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Ion Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Ion Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Ion Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Ion Bank

Bank Holding Company ION FINANCIAL MHC INC

Address 251 Church St, Naugatuck, CT 06770 · Naugatuck Valley

Website https://www.ionbank.com

FDIC Certificate # 18198

Established 18700101

FDIC Insurance Date 19600701

Domestic Offices 37

Total Branches 37

Regulator FED

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

Overall Health Grade Score: 95/100

5.0

Exceptional Out of 5.0 Stars

10.40%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 0.9271%

Return on Equity (ROE) 7.6300%

Non-Performing Loans (NPL) 1.08%

Total Assets $2,783,038,000

Total Deposits $2,277,893,000

Equity Capital $341,243,000

Net Income $12,800,000

Headquarters Naugatuck

Total Branches and Offices 37

Source: FDIC | Last Updated 06/30/2026

2026 MBR Health & Safety Badge

Ion Bank earned the Verified Healthy badge

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Frequently Asked Questions About Ion Bank

How many branches does Ion Bank operate?

Ion Bank currently maintains approximately 37 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Ion Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Ion Bank provides members with tools to manage their accounts and build a solid financial history.

Does Ion Bank offer online and mobile banking?

Most modern institutions like Ion Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.ionbank.com.