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Adams Community Bank Review

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Adams Community Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1869, Adams Community Bank has assets totaling $527 million along with $426 million in deposits, classifying it as a medium-size bank. Adams Community Bank, whose headquarters are in Adams, Massachusetts, lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a score of 4.2 out of 5 stars, Adams Community Bank should be solidly in contention for your choice of bank. Adams Community Bank provides customers with a selection of product offerings, which include savings accounts, checking accounts, CDs, IRAs and mortgage products. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, Adams Community Bank offers an option without a maintenance or monthly fee. Institutions that offer no-fee checking as well as a high interest rate savings account are the best option for gaining the most income from your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

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

Rates

3.0
SmartAsset Average: 3.5

Adams Community Bank has a savings rate of 0.10%, which is poor compared to the national average. Adams Community Bank's one-year CD earns at a rate of 0.50% and the five-year CD has a rate of 1.60%, while its highest-yielding money market account earns at a rate of 0.15%. Given Adams Community Bank's below average savings rate, you should consider choosing another bank to earn more on your deposits.

How Adams Community Bank's Savings Rates Compare

Adams Community Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

4.7
SmartAsset Average: 4.4

Adams Community Bank charges its customers extremely low fees in comparison to other U.S. banks. Its checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. For those who will need cash in a pinch, it is good because it charges an out-of-network ATM fee of $1.00, which is good in comparison to the average U.S. bank. Additionally, at $30.00, its overdraft fee is significantly lower than the national average overdraft fee. Adams Community Bank doesn't refund out-of-network ATM fees, meaning you'll be required to locate an Adams Community Bank ATM or eat the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $1.00 National Average: $1.20
Overdraft Fee $30.00 National Average: $35.00
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Service Quality

4.1
SmartAsset Average: 3.7

Adams Community Bank is a brick-and-mortar bank, with eight total bank locations in Massachusetts. It also offers access to mobile and web apps for simple access and banking on the go. It does not provide access to all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday and 8:00 a.m. to 4:00 p.m. ET. Adams Community Bank's online and mobile banking platforms get relatively high ratings from customers. The Adams Community Bank mobile app scored a 4.2 out of 5 (out of 20 ratings on Apple and Android) compared to the national average of 3.8. Adams Community Bank's mobile app lets you manage your accounts by reviewing current statements, transferring money and accessing support representatives. Adams Community Bank gets a superb consumer satisfaction rating based on relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

Adams Community Bank ranks as a medium-size bank and manages assets totaling $527 million and deposits totaling $426 million. It has an excellent Texas Ratio of 2.91%, indicating a negligible chance of failure. Additionally, Adams Community Bank 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.

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Compare Adams Community Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $10
Checking Account 0.05% APY $10
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 0.85% APY
  • 36 Month: 1.20% APY
  • 48 Month: 1.15% APY
  • 60 Month: 1.60% APY
$10 for all terms
Money Market Accounts 0.15% APY 0.15% APY $10000 $15000

Adams Community Bank has several deposit products like savings accounts, checking accounts and CDs to give you many options to manage your money. Adams Community Bank does not have the best savings rate, which means you should think about taking a look 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. Adams Community Bank's CD rates are fair compared to the average U.S. bank.

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Find a Adams Community Bank Near Me

Adams Community Bank has eight locations in the U.S.

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