What are the current interest rates at Local Bank Red Level, AL?

Current rates for Local Bank Red Level, AL include: 12-Month CD: 3.25%, 24-Month CD: 2.50%, 36-Month CD: 2.10%, 60-Month CD: 2.00%, MMA: 2.00%

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Local Bank Red Level, AL

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Local Bank Red Level, AL Rates & Review September 2026

Q: How many branches does Local Bank Red Level, AL operate?

Local Bank Red Level, AL currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Local Bank Red Level, AL 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 14, 2026

Local Bank Red Level, AL's 7-Month Special 7-Month Certificate Special rates are at 3.85%, 7-Months 7-Month CD rates are at 3.85%, 6-Month Certificates of Deposit Accounts rates are at 3.50%, 12-Month Certificates of Deposit Accounts rates are at 3.25%, 24-Month Certificates of Deposit Accounts rates are at 2.50%. Local Bank Red Level, AL's money market rates are at 2.00%. MonitorBankRates evaluates the financial stability of Local Bank Red Level, AL with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 8.28%. Rates last updated and verified on 09/14/2026.

Local Bank Red Level, AL 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 Local Bank Red Level, AL? Share your experience about Local Bank Red Level, AL by leaving a review below, or read customer reviews before you decide to use Local Bank Red Level, AL.

Verified Healthy 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

Excellent Health Score: 96/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

8.28%

Excellent Higher than avg

Health Trend

Worsening 12 quarters

Full history ›

Local Bank

205 Mcfarland Cir N
Tuscaloosa, AL 35406

https://WWW.MYLOCAL.BANK

Local Bank Red Level, AL CD Rates

Product	Rate	APY	Term
7 Month Certificate Special	3.80%	3.85%	7 month Special
Details Promo APY 1: No Increase Last Updated 09/14/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.28%
7-Month CD	-	3.85%	7 months
Min Deposit $2,500 Details Qualifications Required: checking account minimum deposit balance of $1000 with direct deposit; Promo offer is available for new money or maturities only. This promotional rate is available for a limited time and may not be combined with any other rate promotion, special pricing, discount, or incentive. Eligibility requirements apply. Offer subject to change without notice. Maximum deposit is $250,000 per CD. For maturities, the CD promotional rate of 3.85% APY for 7-months requires a minimum $2500 balance and a checking account minimum deposit balance of $1000 with direct deposit to be eligible for the enhanced promotional rate. Otherwise, if the checking and direct deposit requirements are not met, normal CD rates will apply. CD rates apply to all customers; however, the promotional CD rate is based on the designated market area of the customer and applies to customers in AL, FL, & Tennessee only. Member FDIC. Last Updated 09/14/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.28%
6 Month Certificates of Deposit Accounts	3.46%	3.50%	6 month
No additional details. Last Updated 09/14/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.28%
12 Month Certificates of Deposit Accounts	3.21%	3.25%	12 month
No additional details. Last Updated 09/14/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.28%
24 Month Certificates of Deposit Accounts	2.48%	2.50%	24 month
No additional details. Last Updated 09/14/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.28%
36 Month Certificates of Deposit Accounts	2.08%	2.10%	36 month
No additional details. Last Updated 09/14/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.28%
60 Month Certificates of Deposit Accounts	1.99%	2.00%	60 month
No additional details. Last Updated 09/14/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.28%

Local Bank Red Level, AL Money Market Rates

Product	Rate	APY
Money Market Accounts	3.46%	3.50%
Min Balance $250,000 Last Updated 09/14/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.28%
Money Market Accounts	2.96%	3.00%
Min Balance $25,000 Last Updated 09/14/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.28%
Money Market Accounts	2.47%	2.50%
Min Balance $10,000 Last Updated 09/14/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.28%
Money Market Accounts	1.98%	2.00%
Min Balance $2,500 Last Updated 09/14/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.28%

Local Bank Red Level, AL Checking Rates

Product	Rate	APY	View More
LOCAL 5 REWARDS CHECKING	-	5.00%
Min Balance $35,000 Details Qualifications Required: 5.00% APY* on balances up to $35,000; No Monthly Fee; Earn an additional 1% APY* when you open a Local Savings Account; Free Visa Debit Card; Up to $40 ATM fee reimbursements per statement cycle; Free Digital Banking; Terms and conditions apply. Visit mylocal.bank/local5 for a full list of the terms and conditions. Last Updated 09/14/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.28%

Local Bank Red Level, AL Other Rates

Product	Rate	Points	APY/APR	Term	View More
Business Pro Account	-	-	2.01%
Last Updated 09/14/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.28%

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.
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Financial Health History

Local Bank Red Level, AL’s Texas Ratio rose from 1.31% in Q3 2023 to 8.28% in Q2 2026, so its financial health has weakened over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0 and its Health Grade from A+ to A. 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	$111M	8.28%	5.0	A
March 31, 2026	$105M	8.21%	5.0	A
December 31, 2025	$110M	8.94%	5.0	A
September 30, 2025	$110M	1.46%	5.0	A+
June 30, 2025	$95M	1.75%	5.0	A+
March 31, 2025	$85M	0.55%	5.0	A+
December 31, 2024	$78M	5.35%	5.0	A+
September 30, 2024	$62M	1.21%	5.0	A+
June 30, 2024	$60M	1.00%	5.0	A+
March 31, 2024	$58M	1.55%	5.0	A+
December 31, 2023	$52M	1.59%	5.0	A+
September 30, 2023	$44M	1.31%	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 Local Bank Red Level, AL 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 Local Bank Red Level, AL 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 Local Bank Red Level, AL's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Local Bank Red Level, AL

Bank Holding Company LOCAL BCORP INC

Address 205 Mcfarland Cir N, Tuscaloosa, AL 35406 · Tuscaloosa

Website https://WWW.MYLOCAL.BANK

FDIC Certificate # 9614

Established 19140801

FDIC Insurance Date 19340101

Domestic Offices 3

Total Branches 3

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

Overall Health Grade Score: 96/100

5.0

Exceptional Out of 5.0 Stars

8.28%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) -1.4741%

Return on Equity (ROE) -9.2100%

Non-Performing Loans (NPL) 1.10%

Total Assets $111,299,000

Total Deposits $87,456,000

Equity Capital $17,065,000

Net Income $-802,000

Headquarters Tuscaloosa

Total Branches and Offices 3

Source: FDIC | Last Updated 06/30/2026

2026 MBR Health & Safety Badge

Local Bank Red Level, AL earned the Verified Healthy badge

Display this badge on your website to show visitors your 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates — no need to download or upload anything.

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  <img src="https://www.monitorbankrates.com/wp-content/uploads/badges/mbr-badge-tier-c-2026.svg"
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       width="160" height="160">
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Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

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Frequently Asked Questions About Local Bank Red Level, AL

How many branches does Local Bank Red Level, AL operate?

Local Bank Red Level, AL currently maintains approximately 3 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, Local Bank Red Level, AL 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, Local Bank Red Level, AL provides members with tools to manage their accounts and build a solid financial history.

Does Local Bank Red Level, AL offer online and mobile banking?

Most modern institutions like Local Bank Red Level, AL 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.MYLOCAL.BANK.