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BAC Community Bank Review

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


BAC Community Bank first started operating in 1965 and has its headquarters in Stockton, California. BAC Community Bank manages $624 million in assets as well as $562 million in deposits, classifying it as a medium-size bank. BAC Community 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. On the whole, BAC Community Bank is a great bank that you should seriously consider, with a rating of 4.2 stars out of 5 from the SmartAsset experts. BAC Community Bank has a full array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. BAC Community Bank has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, the bank's standard checking account does not have a monthly maintenance charge. Finding 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 returning the most income from your deposits alongside convenient access to your money.

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

BAC Community Bank has a savings rate of 0.05%, which is fair in comparison to other U.S. banks. Its one-year and five-year term lengths CDs earn at a rate of 0.18% and 0.50%, respectively, while its highest-yielding money market account has an APY of 0.07%. Given its below average savings rate, you should think about taking a look at other banks for savings accounts.

How BAC Community Bank's Savings Rates Compare

BAC Community Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, BAC Community Bank charges customers extremely low fees as compared against the national average. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. BAC Community Bank unfortunately doesn't refund out-of-network ATM fees, meaning you will be required to locate a BAC Community Bank ATM or pay the ATM charge.

Monthly Fee $0 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

BAC Community Bank is a brick-and-mortar bank, with 11 total branches in California. With mobile and web apps, BAC Community Bank makes mobile banking convenient, 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, 8:00 a.m. to 6:00 p.m. PT; Saturday, and 9:00 a.m. to 2:00 p.m. PT. BAC Community Bank receives high praise from users for its mobile app. With 6 ratings across both Apple and Android platforms, the BAC Community Bank mobile app has an overall rating of 4.5 out of 5 (compared to the national average of 3.8). BAC Community Bank's mobile app allows you to control your funds by reviewing account balances, sending and receiving money and reaching support representatives. BAC Community Bank receives an exceptional consumer satisfaction rating based on 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 4.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

BAC Community Bank is currently a medium-size bank and has $624 million in assets as well as deposits totaling $562 million. It has a strong Texas Ratio of 5.76%, suggesting a tiny possibility of failure. Additionally, BAC Community 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 BAC Community Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $100
Checking Account 0.01% APY $1000
Certificates of Deposit
  • 12 Month: 0.18% APY
  • 24 Month: 0.30% APY
  • 36 Month: 0.30% APY
  • 48 Month: 0.30% APY
  • 60 Month: 0.50% APY
$10000 for all terms
Money Market Account 0.07% APY $2500

BAC Community Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. BAC Community 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. BAC Community Bank's CD rates are fair in comparison to other U.S. banks.

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Find a BAC Community Bank Near Me

BAC Community Bank has 11 physical branches in the U.S.

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