Established in 1889, The Bryn Mawr Trust Company Bank has assets totaling $4 billion and deposits totaling $3 billion, making it a large bank. The Bryn Mawr Trust Company, whose headquarters are in Bryn Mawr, Pennsylvania, 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 access to service representatives at a physical location, in addition to its online and mobile offerings. On the whole, The Bryn Mawr Trust Company is a respectable bank that gets the job done, with a score of 4.0 out of 5 stars from our team. The Bryn Mawr Trust Company provides customers with a complete suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. The Bryn Mawr Trust Company has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, the bank's standard checking account does not carry a monthly fee. Finding a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is your best bet for accruing the most income on your deposits while maintaining easy access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.05%, The Bryn Mawr Trust Company ranks poorly compared to the national average. Its one-year CD earns at a rate of 0.15% and the five-year CD earns at a rate of 0.75%, while its highest-yielding money market account earns at an APY of 0.17%. Given its poor savings rate, you should think about opting for higher earning savings accounts with other banks.
How The Bryn Mawr Trust Company's Savings Rates Compare
The Bryn Mawr Trust Company Bank generally has extremely low fees compared to other U.S. banks. Its checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. The Bryn Mawr Trust Company unfortunately doesn't refund out-of-network ATM fees, meaning you'll be required to search for a The Bryn Mawr Trust Company ATM or pay the withdrawal fee.
The Bryn Mawr Trust Company Bank is a brick-and-mortar bank, with 46 total branches in Delaware, New Jersey and Pennsylvania. With mobile and web apps, The Bryn Mawr Trust Company makes account access convenient, even on the go. It does not offer all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday, 7:30 a.m. to 6:00 p.m. ET; Saturday, and 9:00 a.m. to 12:00 p.m. ET. The Bryn Mawr Trust Company receives unsatisfactory reviews from customers for its mobile app. The The Bryn Mawr Trust Company mobile app has an overall rating of 2.8 out of 5 (out of 58 customer reviews on iOS and Android) compared to the national average of 3.8. You can access The Bryn Mawr Trust Company's app to manage your funds by looking at account balances, transferring funds and accessing support representatives. The Bryn Mawr Trust Company receives a superb consumer satisfaction rating based on comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
The Bryn Mawr Trust Company ranks as a large bank owning assets totaling $4 billion as well as $3 billion in deposits. Its Texas Ratio is 1.54%, signifying a negligible likelihood of failure. Additionally, The Bryn Mawr Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.
Texas Ratio Analysis
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 The Bryn Mawr Trust Company to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.05% APY||$1|
|Checking Account||0.05% APY||$2500|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.15% APY 0.17% APY||$10000 $15000|
The Bryn Mawr Trust Company Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. The Bryn Mawr Trust Company does not have the best savings rate, which means you should think about 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. The Bryn Mawr Trust Company's CD rates are fair compared to the national average.Back to Overview
Find a The Bryn Mawr Trust Company Near Me
The Bryn Mawr Trust Company has 46 branches across the U.S.Back to Overview