Loading
Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Andrew Johnson Bank Review

Your Details Done
by Updated
Andrew Johnson Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Andrew Johnson Bank started in 1975 with headquarters located in Greeneville, Tennessee. Andrew Johnson Bank handles $359 million in assets as well as deposits totaling $305 million, making it a small bank. Andrew Johnson Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a commendable 4.3 out of 5 stars, Andrew Johnson Bank is a solid pick to be your bank. Andrew Johnson Bank has a varied choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Andrew Johnson Bank has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Andrew Johnson Bank's most basic checking account does not have a monthly maintenance charge. Using an institution with no-fee checking, in addition to a high savings APY is the best option for returning the most income on your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.3/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

3.1
SmartAsset Average: 3.5

With a savings rate of 0.15%, Andrew Johnson Bank ranks poorly compared to the average U.S. bank. Its one-year CD earns at a rate of 0.40% and the five-year CD earns at a rate of 1.05%, while its highest-yielding money market account has an APY of 0.30%. Given Andrew Johnson Bank's below average savings rate, you should consider opting for higher earning savings accounts with other banks.

How Andrew Johnson Bank's Savings Rates Compare

Andrew Johnson Bank Savings 0.15 National Average 0.26 Compare Offers
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

Andrew Johnson Bank has typically extremely low fees as compared against the national average. Andrew Johnson Bank's checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. Andrew Johnson Bank doesn't reimburse out-of-network ATM fees, which means you will need to find an Andrew Johnson Bank ATM or accept the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

4.3
SmartAsset Average: 3.7

Andrew Johnson Bank is a brick-and-mortar bank, with eight total branches in Tennessee. With mobile and web apps, Andrew Johnson Bank makes account access straightforward, even on the go. Andrew Johnson Bank receives high praise from customers for its mobile banking services. The Andrew Johnson Bank mobile app scored a 4.6 out of 5 (with 20 reviews on Apple and Android) compared to the national average of 3.8. You can utilize Andrew Johnson Bank's app to control your funds by looking at current statements, transferring money as well as reaching support representatives. Andrew Johnson Bank receives an exceptional consumer satisfaction rating due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.8
SmartAsset Average: 4.8

Andrew Johnson Bank ranks as a small bank owning $359 million in assets and deposits totaling $305 million. Andrew Johnson Bank's Texas Ratio is 4.29%, denoting that Andrew Johnson Bank is in excellent financial condition and far from failure. Additionally, Andrew Johnson Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

4.29%
High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

Back to Overview

Compare Andrew Johnson Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $100
Certificates of Deposit
  • 12 Month: 0.40% APY
  • 24 Month: 0.60% APY
  • 36 Month: 0.75% APY
  • 48 Month: 0.85% APY
  • 60 Month: 1.05% APY
$1000 for all terms
Money Market Account 0.3% APY $10000

Andrew Johnson Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Andrew Johnson Bank does not have the best savings rate, which means you should consider looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Andrew Johnson Bank's CD rates are fair compared to other U.S. banks.

Back to Overview

Find a Andrew Johnson Bank Near Me

Andrew Johnson Bank has eight branches in the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure