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Bank47 Rates & Review August 2026

Q: How many branches does Bank47 operate?

Bank47 currently maintains approximately 2 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, Bank47 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, Bank47 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: August 30, 2026

Bank47 rates are not currently in our database, but you can compare rates from other banks and credit unions we track: 12-month CD rates are currently at 2.92%, 6-month CD rates at 2.77% and 3-month CD rates at 2.55%. Savings rates are at 0.84% and money market rates are at 1.17%. Mortgage rates on 30-year fixed loans are around 6.69%. These rates come from our rate database, not Bank47, and you can see how they compare in the Bank47 rate tables below. MonitorBankRates evaluates the financial stability of Bank47 with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 0.00%. Database rates last updated and verified on 08/30/2026.

Bank47 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 Bank47? Share your experience about Bank47 by leaving a review below, or read customer reviews before you decide to use Bank47.

Overall Health & Safety Grade

A+

Exceptional Health Score: 100/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

0.00%

Perfect Lower than avg

Bank47

415a Church St Nw
Huntsville, AL 35801

https://www.bank-47.com/

Current Rate Availability

We're not currently displaying rates for Bank47, but our database is updated constantly — check back soon for the latest offers.

Are you with Bank47? We'd love to add your institution's rates. Contact us to get your institution's rates listed on MonitorBankRates.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Bank47 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 Bank47 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 Bank47's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Bank47

FDIC Certificate # 32968

Address 415a Church St Nw, Huntsville, AL 35801 · Madison

Website https://www.bank-47.com/

Established 05/18/1990

FDIC Insurance Date 05/18/1990

Domestic Offices 2

Total Branches 2

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 100/100

5.0

Exceptional Out of 5.0 Stars

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 0.4135%

Non-Performing Loans (NPL) 0.42%

Total Assets $83,394,000

Total Deposits $74,506,000

Equity Capital $7,936,000

Net Income $-4,194,000

Headquarters Huntsville

Total Branches and Offices 2

Source: FDIC | Last Updated 12/31/2025

Customer Reviews

There are no reviews for Bank47 yet. Feel free to create one below.

Looking for more bank and credit union reviews? Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.

Average Rating

☆☆☆☆☆

Total Reviews

Add Your Rating and Review for Bank47

Frequently Asked Questions About Bank47

How many branches does Bank47 operate?

Bank47 currently maintains approximately 2 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, Bank47 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, Bank47 provides members with tools to manage their accounts and build a solid financial history.

Does Bank47 offer online and mobile banking?

Most modern institutions like Bank47 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.bank-47.com/.