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Athol Savings Bank Review

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


Established in 1867, Athol Savings Bank has assets totaling $416 million as well as deposits totaling $329 million, which makes it a medium-size bank. Athol Savings Bank, whose headquarters are in Athol, Massachusetts, lacks premium access to customer service, 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 apps. SmartAsset has rated Athol Savings Bank 4.2 out of 5 stars, indicating that it is a solid contender in your bank search. Athol Savings Bank has the full selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Athol Savings Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, the bank's most basic checking account does not carry a monthly fee. Locating a checking account with no monthly fee and a savings account with a high interest rate at the same bank is your best bet for returning the most income from your deposits alongside convenient 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 0.05%, Athol Savings Bank ranks poorly as compared against the national average. Athol Savings Bank's one-year CD has a rate of 0.40% and the five-year CD has a rate of 1.50%, while its highest-yielding money market account has an APY of 0.15%. Given Athol Savings Bank's poor savings rate, you should consider taking a look at other banks for savings accounts.

How Athol Savings Bank's Savings Rates Compare

Athol Savings Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Athol Savings Bank has generally extremely low fees compared to other U.S. banks. With no monthly fee, Athol Savings Bank is perfect for those who want a simple banking experience. For those who visit the ATM often, Athol Savings Bank is solid because it has an out-of-network ATM fee of $1.00, which is good compared to other U.S. banks. Additionally, at $32.00, it has a noticeably lower overdraft fee compared to the average overdraft fee charged by U.S. banks. Athol Savings Bank doesn't reimburse out-of-network ATM charges, which means you'll have to search for an Athol Savings Bank ATM or pay the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $1.00 National Average: $1.20
Overdraft Fee $32.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Athol Savings Bank is a brick-and-mortar bank, with eight total branches in Massachusetts. With mobile and web apps, Athol Savings Bank makes mobile banking easy, even on the go. Athol Savings Bank receives positive scores from users for its online presence. With 490 ratings on both iOS and Android platforms, the Athol Savings Bank mobile app rates a 4.6 out of 5 (compared to the national average of 3.8). You can access Athol Savings Bank's app to manage your funds by checking account balances, transferring money and accessing support representatives. Athol Savings Bank receives a superb consumer satisfaction rating due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Athol Savings Bank is a medium-size bank and handles $416 million in assets and deposits totaling $329 million. Athol Savings Bank's Texas Ratio is 1.06%, denoting that Athol Savings Bank is in terrific financial condition and far from failure. Additionally, Athol 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

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 Athol Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $10
Checking Account 0.1% APY $10
Certificates of Deposit
  • 12 Month: 0.40% APY
  • 24 Month: 0.79% APY
  • 36 Month: 1.00% APY
  • 60 Month: 1.50% APY
$500 for all terms
Money Market Account 0.15% APY $2500

Athol Savings Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Athol Savings 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. Athol Savings Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a Athol Savings Bank Near Me

Athol Savings Bank has eight physical branches in the U.S.

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