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Anstaff Bank Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Anstaff Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Anstaff Bank was founded in 1931 and its headquarters are located in Green Forest, Arkansas. It handles $606 million in assets along with $525 million in deposits, making it a medium-size bank. Anstaff Bank lacks premium access to customer service, 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 apps. Overall, Anstaff Bank is a respectable bank that deserves your consideration, with a rating of 3.9 out of 5 stars from our experts. Anstaff Bank provides customers with a complete array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Anstaff Bank has a fair savings rate; other popular banks have higher rates. Obtaining a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same institution is your best bet for gaining the most income on your deposits while having easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.9/5
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 0.10%, Anstaff Bank ranks poorly compared to other U.S. banks. Its one-year and five-year term lengths CDs earn at a rate of 0.65% and 1.50%, respectively, while its highest-yielding money market account earns at an APY of 0.20%. Given its noncompetitive savings rate, you should consider looking elsewhere to open savings accounts.

How Anstaff Bank's Savings Rates Compare

Anstaff Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

NR
SmartAsset Average: 4.4

There is insufficient data on Anstaff Bank's fees to provide a full SmartAsset rating.

Monthly Fee N/A 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

3.7
SmartAsset Average: 3.7

Anstaff Bank is a brick-and-mortar bank, with 12 total bank locations in Arkansas. It also offers access to mobile and web apps for a simple mobile-banking experience. Anstaff Bank's online and mobile banking platforms receive moderate scores from customers. The Anstaff Bank mobile app scored a 3.6 out of 5 (out of 46 reviews on Apple and Android) compared to the national average of 3.8. Anstaff Bank's mobile app allows you to manage your funds by monitoring current statements, transferring money and reaching support representatives. Anstaff Bank gets an excellent consumer satisfaction score due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.6/5
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

Anstaff Bank is a medium-size bank with $606 million in assets as well as deposits totaling $525 million. Anstaff Bank's Texas Ratio is 2.97%, denoting that the bank is in outstanding financial health and far from failure. Additionally, Anstaff 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 Anstaff Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 0.65% APY
  • 24 Month: 1.00% APY
  • 36 Month: 1.10% APY
  • 48 Month: 1.25% APY
  • 60 Month: 1.50% APY
$500 for all terms
Money Market Accounts 0.2% APY 0.2% APY $10000 $15000

Anstaff Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Anstaff Bank does not have the best savings rate, which means you should consider 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. Anstaff Bank's CD rates are fair in comparison to the national average.

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Find a Anstaff Bank Near Me

Anstaff Bank has 12 physical branches across the U.S.

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