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Ameris Bank Review

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Ameris Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1971, Ameris Bank has assets totaling $8 billion along with $7 billion in deposits, making it a large bank. Ameris Bank, whose headquarters are in Moultrie, Georgia, 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 access to service representatives at a physical location, in addition to its online and mobile offerings. On the whole, Ameris Bank is a great bank that you should seriously consider, with a rating of 4.2 stars out of 5 from the SmartAsset experts. Ameris Bank has a full suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. 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, Ameris Bank's standard checking account does not have a monthly fee. Locating an institution with no-fee checking as well as a high savings APY is your best option for gaining the highest income on your deposits while having 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

3.4
SmartAsset Average: 3.5

With a savings rate of 0.05%, Ameris Bank ranks poorly compared to the average U.S. bank. Ameris Bank's one-year CD has a rate of 1.05% and the five-year CD earns at a rate of 2.00%, while its highest-yielding money market account has a rate of 0.10%. Given its noncompetitive savings rate, you should consider taking a look at other banks for savings accounts.

How Ameris Bank's Savings Rates Compare

Ameris Bank Savings 0.05 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Ameris Bank charges its customers extremely low fees in comparison to the national average. With no monthly fee, Ameris Bank's checking account is ideal for people who want an easy banking experience. Ameris Bank does not reimburse out-of-network ATM fees, meaning you'll need to search for an Ameris Bank ATM or accept the 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
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Service Quality

3.5
SmartAsset Average: 3.7

Ameris Bank is a brick-and-mortar bank, with 120 total branches in Alabama, Florida, Georgia and South Carolina. It also offers access to mobile and web apps for easy access and banking on the go. It does not offer all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Thursday, 7:00 a.m. to 6:00 p.m. ET; Friday, 7:00 a.m. to 7:00 p.m. ET; Saturday, and 7:00 a.m. to 1:00 p.m. ET. Ameris Bank's online and mobile banking platforms get mediocre marks from customers. The Ameris Bank mobile app rates a 3.2 out of 5 (out of 540 customer reviews on iOS and Android) compared to the national average of 3.8. Ameris Bank's mobile app lets you control your funds by reviewing account balances, sending and receiving funds and accessing support representatives. Ameris Bank gets a superb consumer satisfaction rating due to comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.7
SmartAsset Average: 4.8

Ameris Bank is a large bank with assets totaling $8 billion and $7 billion in deposits. It has a strong Texas Ratio of 7.22%, signifying that the bank is in good financial shape and unlikely to fail. Additionally, Ameris Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

7.22%
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 Ameris Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $100
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 1.05% APY
  • 24 Month: 1.35% APY
  • 36 Month: 1.50% APY
  • 48 Month: 1.65% APY
  • 60 Month: 2.00% APY
$1000 for all terms
Money Market Accounts 0.05% APY 0.1% APY $10000 $15000

Ameris Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Ameris Bank 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. Ameris Bank's CD rates are fair in comparison to other U.S. banks.

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Find a Ameris Bank Near Me

Ameris Bank has 120 locations in the U.S.

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