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Ambler Savings Bank Review

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Ambler Savings Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Ambler Savings Bank was founded in 1899 with headquarters in Ambler, Pennsylvania. It owns assets of $392 million along with $322 million in deposits, making it a small bank. Ambler Savings Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. On the whole, Ambler Savings Bank is a solid contender in your bank search, with a score of 4.2 stars out of 5 from our team. Ambler Savings Bank has a complete selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Ambler Savings Bank has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, the bank's standard checking does not carry a monthly maintenance fee. Finding a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same institution is the best option for returning the most income from your deposits alongside easy access to your money.

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

4.3
SmartAsset Average: 3.5

With a savings rate of 0.25%, Ambler Savings Bank ranks poorly compared to the national average. Its one-year and five-year term lengths CDs earn at a rate of 2.10% and 2.90%, respectively, while its highest-yielding money market account has a rate of 0.40%. Given its below average savings rate, you should think about looking at the competition to open savings accounts.

How Ambler Savings Bank's Savings Rates Compare

Ambler Savings Bank Savings 0.25 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Ambler Savings Bank has typically extremely low fees in comparison to other U.S. banks. With no monthly fee, Ambler Savings Bank's checking account is perfect for people who need an easy banking experience. For those who often frequent the ATM, it is perfect because it charges no out-of-network ATM fees. Ambler Savings Bank doesn't reimburse out-of-network ATM fees, meaning you'll need to search for an Ambler Savings Bank ATM or eat the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

2.5
SmartAsset Average: 3.7

Ambler Savings Bank is a brick-and-mortar bank, with nine total bank locations in Pennsylvania. It also offers access to mobile and web apps for a simple mobile-banking experience. It does not provide access to all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Thursday, 9:00 a.m. to 5:00 p.m. ET; Friday, and 9:00 a.m. to 6:30 p.m. ET. Ambler Savings Bank's mobile app allows you to manage your funds by monitoring account balances, transferring funds and reaching support representatives. Ambler Savings Bank gets an excellent consumer satisfaction rating based on comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating NR
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

Ambler Savings Bank ranks as a small bank owning assets totaling $392 million and deposits totaling $322 million. Ambler Savings Bank's Texas Ratio is 3.57%, denoting that Ambler Savings Bank is in terrific financial health and unlikely to fail. Additionally, Ambler Savings Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

3.57%
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.

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Compare Ambler Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $50
Checking Account 0.1% APY $1000
Certificates of Deposit
  • 12 Month: 2.10% APY
  • 24 Month: 2.35% APY
  • 36 Month: 2.50% APY
  • 48 Month: 2.75% APY
  • 60 Month: 2.90% APY
$1000 for all terms
Money Market Accounts 0.25% APY 0.4% APY $10000 $15000

Ambler Savings 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. Ambler Savings Bank does not have the best savings rate, which means you should consider 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. Ambler Savings Bank's CD rates are fair in comparison to other U.S. banks.

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Find a Ambler Savings Bank Near Me

Ambler Savings Bank has nine branches across the U.S.

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