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AuburnBank Review

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AuburnBank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 1907, AuburnBank has $854 million in assets as well as $759 million in deposits, classifying it as a medium-size bank. AuburnBank, whose headquarters are in Auburn, Alabama, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We gave AuburnBank a 3.6 out of 5 stars, indicating that it is a decent bank that leaves room for improvement. AuburnBank has a complete array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. AuburnBank has a fair savings rate; other popular banks have higher rates. The bank's standard checking product maintains a $7.50 monthly fee, which ranks on the higher end of monthly fees. Locating a bank with free checking as well as a high savings APY is the best option for returning the highest income from your deposits while having 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 0.20%, AuburnBank ranks poorly in comparison to the average U.S. bank. AuburnBank's one-year and five-year term lengths CDs earn at a rate of 0.30% and 1.00%, respectively, while its highest-yielding money market account earns at a rate of 0.31%. Given AuburnBank's poor savings rate, you should think about other options to earn more on your deposits.

How AuburnBank's Savings Rates Compare

AuburnBank Savings 0.20 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

AuburnBank charges customers high fees in comparison to the average U.S. bank. Its checking account has a monthly fee of $7.50, which makes it fair for anyone looking for a simple account. AuburnBank doesn't refund out-of-network ATM fees, meaning you'll be required to locate an AuburnBank ATM or eat the fee.

Monthly Fee $7.50 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

SmartAsset Average: 3.7

AuburnBank is a brick-and-mortar bank, with eight total branches in Alabama. With mobile and web apps, AuburnBank makes account access straightforward, even on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Friday and 8:00 a.m. to 5:00 p.m. ET. AuburnBank's online and mobile banking platforms receive high marks from users. The AuburnBank mobile app rates a 4.7 out of 5 (out of 22 customer reviews on iOS and Android) compared to the national average of 3.8. AuburnBank's mobile app allows you to manage your funds by monitoring account balances, transferring funds and reaching customer service. AuburnBank gets an excellent consumer satisfaction rating due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

AuburnBank is currently a medium-size bank with $854 million in assets and $759 million in deposits. AuburnBank's Texas Ratio is 3.18%, indicating a minute chance of failure. Additionally, AuburnBank 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 AuburnBank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $1
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 0.30% APY
  • 24 Month: 0.50% APY
  • 36 Month: 0.65% APY
  • 48 Month: 0.70% APY
  • 60 Month: 1.00% APY
$500 for all terms
Money Market Account 0.21% APY $2500

AuburnBank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. AuburnBank does not have the best savings rate, which means you should think about 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. AuburnBank's CD rates are fair in comparison to the average U.S. bank.

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Find a AuburnBank Near Me

AuburnBank has eight locations across the U.S.

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