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Atlantic Capital Bank Review

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Atlantic Capital Bank Savings
0.07% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Atlantic Capital Bank started in 2000 with headquarters in Chattanooga, Tennessee. It has assets of $3 billion as well as deposits totaling $2 billion, which makes it a large bank. Atlantic Capital Bank lacks premium access to customer service, with no options for live chat or all-day service. 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. With a score of 4.2 out of 5 stars, Atlantic Capital Bank should be solidly in contention for your choice of bank. Atlantic Capital Bank has a selection of product offerings, including savings accounts, checking accounts, money market accounts and mortgage products. 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, Atlantic Capital Bank offers an option without a monthly fee. Locating a checking account with no monthly fee, in addition to a savings account with a high APY at the same bank is the best option for gaining the most income from your deposits alongside easy 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

3.6
SmartAsset Average: 3.5

With a savings rate of 0.07%, Atlantic Capital Bank ranks poorly as compared against the national average. Its one-year CD earns at a rate of 1.35% and the five-year CD earns at a rate of 1.50%, while its highest-yielding money market account earns at an APY of 0.09%. Given its poor savings rate, you should think about opting for higher earning savings accounts with other banks.

How Atlantic Capital Bank's Savings Rates Compare

Atlantic Capital Bank Savings 0.07 National Average 0.26 Compare Offers
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Fees

4.4
SmartAsset Average: 4.4

Atlantic Capital Bank typically has low fees compared to other U.S. banks. With no monthly fee, Atlantic Capital Bank is ideal for those who want a basic banking experience. For those who use cash often, Atlantic Capital Bank is fair because it has an out-of-network ATM fee of $1.50, which is reasonable compared to the national average. Atlantic Capital Bank doesn't refund out-of-network ATM charges, which means you will be required to locate an Atlantic Capital Bank ATM or pay the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $1.50 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

3.7
SmartAsset Average: 3.7

Atlantic Capital Bank is a brick-and-mortar bank, with 18 total bank locations in Georgia and Tennessee. It also offers access to mobile and web apps for an easy mobile-banking experience. Atlantic Capital Bank gets fair feedback from customers for its online presence. Out of 29 ratings on iOS and Android platforms, the Atlantic Capital Bank mobile app is scored at 3.6 out of 5 (compared to the national average of 3.8). Atlantic Capital Bank's mobile app allows you to control your funds by reviewing monthly statements, sending and receiving money as well as reaching support representatives. Atlantic Capital Bank receives an excellent consumer satisfaction score due to relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored 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

5.0
SmartAsset Average: 4.8

Atlantic Capital Bank is a large bank with assets totaling $3 billion and $2 billion in deposits. Its Texas Ratio is 0.70%, denoting that Atlantic Capital Bank is in outstanding financial health and unlikely to fail. Additionally, Atlantic Capital 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 Atlantic Capital Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.07% APY $100
Checking Account 0.05% APY $2500
Certificates of Deposit
  • 12 Month: 1.35% APY
  • 24 Month: 1.50% APY
  • 36 Month: 1.50% APY
  • 48 Month: 1.50% APY
  • 60 Month: 1.50% APY
$1000 for all terms
Money Market Account 0.09% APY $10000

Atlantic Capital Bank has several deposit products like savings accounts, checking accounts and money market accounts to give you many options to manage your money. Atlantic Capital 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. Atlantic Capital Bank's CD rates are fair compared to the average U.S. bank.

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Find a Atlantic Capital Bank Near Me

Atlantic Capital Bank has 18 physical locations across the U.S.

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