Bank of Bartlett started in 1980 and is headquartered in Bartlett, Tennessee. It owns $352 million in assets along with $316 million in deposits, classifying it as a small bank. Bank of Bartlett has above-average access to customer service with a live chat feature, great for getting help during the work week. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We gave the bank a 3 stars out of 5, indicating that Bank of Bartlett is a satisfactory bank that you should look closer at to see if it fits your needs. Bank of Bartlett has an array banking products, including savings accounts, checking accounts, money market accounts, mortgage products and credit cards. Bank of Bartlett has a fair savings rate compared to the average savings account. The bank's standard checking product carries a $7.00 monthly fee, making it a rather pricey bank for checking. Obtaining a checking account with no monthly fee and a savings account with a high interest rate at the same institution is your best option for getting the most income from your deposits while maintaining easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.30%, Bank of Bartlett ranks poorly in comparison to the national average. Bank of Bartlett's CD rates are 0.95% and 1.70% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.35%. Given its poor savings rate, you should consider taking a look at other banks for savings accounts.
How Bank of Bartlett's Savings Rates Compare
Bank of Bartlett charges customers high fees compared to other U.S. banks. At $7.00/month, Bank of Bartlett is less than the best option for those who want a simple banking experience. Bank of Bartlett doesn't refund out-of-network ATM charges, which means you will need to search for a Bank of Bartlett ATM or pay the withdrawal fee.
Bank of Bartlett is a brick-and-mortar bank, with eight total branches in Tennessee. With mobile and web apps, Bank of Bartlett makes account access straightforward, even on the go. It does not have all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Thursday, 8:00 a.m. to 5:00 p.m. DT; Friday, 8:00 a.m. to 6:00 p.m. DT; Saturday, and 9:00 a.m. to 12:00 p.m. DT. Bank of Bartlett also offers a live chat feature, an alternative customer service tool if you can't call in during business hours. Bank of Bartlett gets unsatisfactory feedback from customers for its mobile platform. The Bank of Bartlett mobile app rates a 2.4 out of 5 (out of 42 ratings on iOS and Android) compared to the national average of 3.8. You can access Bank of Bartlett's app to control your finances by looking at monthly statements, transferring funds and accessing support representatives. Bank of Bartlett receives an excellent consumer satisfaction score due to comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
Bank of Bartlett is a small bank with $352 million in assets and $316 million in deposits. It has a good Texas Ratio of 31.53%, indicating that Bank of Bartlett is in fine financial shape. Additionally, Bank of Bartlett 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.Back to Overview
Compare Bank of Bartlett to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.3% APY||$2500|
|Checking Account||0.05% APY||$1|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.35% APY 0.35% APY||$10000 $15000|
Bank of Bartlett has several deposit products like savings accounts, checking accounts and money market accounts to give you many options to manage your money. Bank of Bartlett 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. Bank of Bartlett's CD rates are fair compared to the average U.S. bank.Back to Overview
Find a Bank of Bartlett Near Me
Bank of Bartlett has eight physical branches across the U.S.Back to Overview