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

Founded in 1975, Andrew Johnson Bank has $359 million in assets as well as $305 million in deposits, ranking the institution as a small bank. Andrew Johnson Bank, whose headquarters are in Greeneville, Tennessee, 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 access to service representatives at a physical location, in addition to its online and mobile offerings. SmartAsset experts rated Andrew Johnson Bank 4.3 stars out of 5, suggesting it is a great bank that you should seriously consider. Andrew Johnson Bank has a complete array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Andrew Johnson Bank has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, Andrew Johnson Bank's standard checking account does not carry a monthly charge. Obtaining a checking account with no monthly fee, in addition to a savings account with a high APY at the same institution is the best bet for accruing the most income from your deposits while having 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. Andrew Johnson Bank's one-year and five-year term lengths CDs earn at a rate of 0.40% and 1.05%, respectively, while its highest-yielding money market account has a rate of 0.30%. Given Andrew Johnson Bank's poor savings rate, you should think about other options to earn more on your deposits.

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 compared to the national average. Its checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. Andrew Johnson Bank doesn't reimburse out-of-network ATM charges, which means you'll need to search for an Andrew Johnson Bank ATM or pay 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 bank locations in Tennessee. It also offers access to mobile and web apps for simple access and banking on the go. Andrew Johnson Bank's online and mobile banking services receive high praise from users. The Andrew Johnson Bank mobile app has an overall rating of 4.6 out of 5 (with 20 ratings on iOS and Android) compared to the national average of 3.8. Andrew Johnson Bank's mobile app allows you to control your funds by monitoring monthly statements, transferring funds as well as accessing support representatives. Andrew Johnson Bank receives an exceptional consumer satisfaction rating based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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 assets totaling $359 million as well as $305 million in deposits. Andrew Johnson Bank's Texas Ratio is 4.29%, indicating that Andrew Johnson Bank is in superb financial shape and improbable to fail. 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 offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Andrew Johnson Bank does not have the best savings rate, which means you should consider other options 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 in comparison to other U.S. banks.

Back to Overview

Find a Andrew Johnson Bank Near Me

Andrew Johnson Bank has eight physical locations 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