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BAC Community Bank Review

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BAC Community Bank Savings
0.03% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


BAC Community Bank started in 1965 with headquarters located in Stockton, California. BAC Community Bank has $624 million in assets and deposits totaling $562 million, ranking it as a medium-size bank. BAC Community 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 apps. With a score of 4.2 stars out of 5, BAC Community Bank should be solidly in contention for your choice of bank. BAC Community Bank has the complete slate of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. 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, BAC Community Bank's most basic checking account does not carry a monthly charge. Institutions that offer no-fee checking as well as a high savings APY are the best option for getting the most income on 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

BAC Community Bank features a savings rate of 0.03%, which is poor compared to the average U.S. bank. BAC Community Bank's one-year CD has a rate of 0.18% and the five-year CD earns at a rate of 0.50%, while its highest-yielding money market account earns at an APY of 0.07%. Given its noncompetitive 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 0.03 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, BAC Community Bank charges customers extremely low fees in comparison to the average U.S. bank. Its checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. BAC Community Bank unfortunately does not reimburse out-of-network ATM charges, which means you will be required to search for a BAC Community Bank ATM or accept 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 bank locations in California. With mobile and web apps, BAC Community Bank makes account access easy, even on the go. It does not provide access to all-day customer service with representatives. You can get help during its 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 gets positive scores from users for its mobile banking services. The BAC Community Bank mobile app has an overall rating of 4.5 out of 5 (with 6 customer reviews on Apple and Android) compared to the national average of 3.8. BAC Community Bank's mobile app allows you to control your bank accounts by reviewing current statements, transferring funds as well as reaching support representatives. BAC Community Bank gets an excellent consumer satisfaction score based on relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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 a medium-size bank and owns assets totaling $624 million and $562 million in deposits. BAC Community Bank has a strong Texas Ratio of 5.76%, denoting a tiny likelihood 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 0.03% 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 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. BAC Community Bank's CD rates are fair as compared against the national average.

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Find a BAC Community Bank Near Me

BAC Community Bank has 11 locations across the U.S.

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