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Banco do Brasil Americas Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Banco do Brasil Americas Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1986, Banco do Brasil Americas has assets totaling $595 million as well as deposits totaling $525 million, classifying it as a medium-size bank. Banco do Brasil Americas, whose headquarters are in Miami, Florida, has above-average access to customer service with a live chat feature, which is helpful for those that work during typical customer service hours. 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. We gave the bank a 4 out of 5 stars, indicating that Banco do Brasil Americas is a respectable bank that you should consider. Banco do Brasil Americas offers a varied selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. Banco do Brasil Americas has a fair savings rate compared to the average savings account. The bank's standard checking product has a monthly fee of $12.00, making it a rather costly bank for checking. Banks that offer no-fee checking as well as a high interest rate savings account are your best option for getting the most income from your deposits while maintaining convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.0/5
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

Banco do Brasil Americas features a savings rate of 0.25%, which is fair as compared against the national average. Its one-year CD has a rate of 0.90% and the five-year CD earns at a rate of 1.75%, while its highest-yielding money market account has a rate of 0.40%. Given Banco do Brasil Americas's noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How Banco do Brasil Americas's Savings Rates Compare

Banco do Brasil Americas Savings 0.25 National Average 0.26 Compare Offers
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Fees

3.0
SmartAsset Average: 4.4

On average, Banco do Brasil Americas charges customers high fees in comparison to other U.S. banks. Its checking account has a monthly fee of $12.00, rating it fair for anyone looking for a hassle-free account. Also, Banco do Brasil Americas has an overdraft fee of $35.00, which is on par with the national average. Banco do Brasil Americas does not reimburse out-of-network ATM fees, which means you'll have to locate a Banco do Brasil Americas ATM or accept the cost of withdrawal.

Monthly Fee $12.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
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Service Quality

4.4
SmartAsset Average: 3.7

Banco do Brasil Americas is a brick-and-mortar bank, with five total bank locations in Florida. With mobile and web apps, Banco do Brasil Americas makes account access convenient, even on the go. Banco do Brasil Americas also offers a live chat feature, a helpful way to reach a representative during the work day. Banco do Brasil Americas gets fairly high praise from users for its mobile platform. With 1,500,000 customer reviews on both Apple and Android platforms, the Banco do Brasil Americas mobile app is scored at 4.4 out of 5 (compared to the national average of 3.8). You can access Banco do Brasil Americas's mobile app to manage your finances by monitoring current statements, sending and receiving funds and accessing support representatives. Banco do Brasil Americas receives a superb consumer satisfaction rating based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.4/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

5.0
SmartAsset Average: 4.8

Banco do Brasil Americas is a medium-size bank and manages assets totaling $595 million and deposits totaling $525 million. It has an excellent Texas Ratio of 0.12%, signifying that Banco do Brasil Americas is in excellent financial condition and unlikely to fail. Additionally, Banco do Brasil Americas 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 Banco do Brasil Americas to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $1000
Certificates of Deposit
  • 12 Month: 0.90% APY
  • 24 Month: 1.15% APY
  • 36 Month: 1.30% APY
  • 48 Month: 1.40% APY
  • 60 Month: 1.75% APY
$1000 for all terms
Money Market Accounts 0.4% APY 0.4% APY $10000 $15000

Banco do Brasil Americas has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Banco do Brasil Americas 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. Banco do Brasil Americas's CD rates are fair in comparison to the national average.

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Find a Banco do Brasil Americas Near Me

Banco do Brasil Americas has five physical locations in the U.S.

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