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Apex Bank Review

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


Apex Bank first started operating in 1931 with its headquarters in Camden, Tennessee. Apex Bank owns $525 million in assets and deposits totaling $420 million, which makes it a medium-size bank. Apex Bank lacks premium access to support representatives, with no live chat or all-day service options available. 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. At a SmartAsset rating of 4 out of 5 stars, Apex Bank should be near the middle of the pack in your search for a bank. Apex Bank has a full suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs and mortgage products. It has a fair savings rate compared to the average savings account. The bank's standard checking product carries a $5.00 monthly fee, although banks sometimes have requirements that allow you to waive the fee. Institutions that offer no-fee checking and a high interest rate savings account are your best bet for gaining the most income from your deposits while maintaining easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

With a savings rate of 0.25%, Apex Bank ranks poorly as compared against the national average. Its one-year and five-year term lengths CDs earn at a rate of 0.65% and 1.60%, respectively, while its highest-yielding money market account has a rate of 0.25%. Given Apex Bank's below average savings rate, you should think about taking a look at other banks for savings accounts.

How Apex Bank's Savings Rates Compare

Apex Bank Savings 0.25 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, Apex Bank charges its customers average fees in comparison to other U.S. banks. At $5.00 per month, Apex Bank's checking account is less than ideal for those who want a hassle-free checking account. For those who frequent the ATM, Apex Bank is good because it has an out-of-network ATM fee of $1.00, which is solid as compared against the national average. Also, at $29.95, Apex Bank has a significantly lower overdraft fee compared to that of other U.S. banks. Apex Bank unfortunately does not refund out-of-network ATM fees, which means you'll have to find an Apex Bank ATM or eat the withdrawal fee.

Monthly Fee $5.00 National Average: $3.21
Non-network ATM Fee $1.00 National Average: $1.20
Overdraft Fee $29.95 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Apex Bank is a brick-and-mortar bank, with 14 total bank locations in Tennessee. It also offers access to mobile and web apps for straightforward access and banking on the go. Apex Bank's online and mobile banking services receive high marks from customers. Out of 150 customer reviews on both iOS and Android platforms, the Apex Bank mobile app rates a 4.8 out of 5 (compared to the national average of 3.8). Apex Bank's mobile app lets you manage your accounts by reviewing account balances, transferring money and reaching customer service. Apex Bank gets a superb consumer satisfaction score due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Apex Bank ranks as a medium-size bank and owns assets totaling $525 million and $420 million in deposits. Its Texas Ratio is 21.79%, indicating that the bank is in decent financial health. Additionally, Apex Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 Apex Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $2500
Checking Account 0.15% APY $1000
Certificates of Deposit
  • 12 Month: 0.65% APY
  • 24 Month: 0.80% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.20% APY
  • 60 Month: 1.60% APY
$100 for all terms
Money Market Account 0.2% APY $2500

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

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Find a Apex Bank Near Me

Apex Bank has 14 physical branches in the U.S.

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