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Bank of New Hampshire 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
Bank of New Hampshire Savings
0.03% APY

Overview

Our Rating: 4.0/5 How we calculated this rating

Established in 1831, Bank of New Hampshire has assets totaling $2 billion and deposits totaling $1 billion, ranking the institution as a large bank. Bank of New Hampshire, whose headquarters are in Laconia, New Hampshire, 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 offerings. Coming in at an average 4 stars out of 5, Bank of New Hampshire proves it is a respectable bank that should be given a look. 

Bank of New Hampshire has a complete selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Bank of New Hampshire offers an option without a maintenance or monthly fee. Why have checking and savings accounts with the same bank? Convenient transferring between both accounts means you can still get better interest rates in your savings account but still have access to your money from your checking.

Service Quality

Bank of New Hampshire is a brick-and-mortar bank, with 25 total bank locations in New Hampshire. It also offers access to mobile and web apps for an easy mobile-banking experience. It does not have all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday, 8:00 a.m. to 6:00 p.m. ET; Saturday to 8:00 a.m. to 12:00 p.m. ET. 

Bank of New Hampshire's online and mobile banking services receive mediocre feedback from customers: the Bank of New Hampshire mobile app is rated at 3.4 out of 5 (out of 170 reviews on iOS and Android) compared to the national average of 3.8. You can access Bank of New Hampshire's mobile app to manage your funds by monitoring monthly statements, transferring money as well as accessing customer service. Bank of New Hampshire receives a superb consumer satisfaction rating based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.03% APY $1 Compare Offers
Certificates of Deposit
  • 12 Month: 0.20% APY
  • 24 Month: 0.35% APY
  • 36 Month: 0.50% APY
  • 48 Month: 0.75% APY
  • 60 Month: 1.00% APY
$500 for all tiers Compare Offers
Money Market Accounts
  • 10K tier: 0.03% APY
  • 25K tier: 0.05% APY
  • $1,000
  • $25,000
Compare Offers
Checking Accounts 0.08% APY $1,000 Compare Offers

Bank of New Hampshire has several deposit products like savings accounts, checking accounts, money market accounts and CDs, giving you many options to manage your money. Bank of New Hampshire does not have the best savings rate, which means you should think about looking elsewhere for banks that offer 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 New Hampshire's CD rates are fair in comparison to other U.S. banks.

Rates

Bank of New Hampshire has a savings rate of 0.03%, which is poor compared to the national average. Its one-year CD has a rate of 0.20% and the five-year CD has a rate of 1.00%, while its highest-yielding money market account has a rate of 0.05%. Given its noncompetitive savings rate, you should think about looking at the competition to open savings accounts.

Compare Bank of New Hampshire to Other Competitive Offers

Fees

Bank of New Hampshire has typically extremely low fees compared to the average U.S. bank. Bank of New Hampshire's checking account has no monthly fee, making it excellent for anyone looking for a simple account. Also, Bank of New Hampshire has an overdraft fee of $32, which is less than the national average overdraft fee, making it perfect for those who spend a lot of money on their debit card. 

Financial Health

Bank of New Hampshire ranks as a large bank with $2 billion in assets as well as $1 billion in deposits. Bank of New Hampshire's Texas Ratio is 2.46%, denoting an exceptionally minute probability of failure. Additionally, Bank of New Hampshire is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a Bank of New Hampshire Near Me

Bank of New Hampshire has 25 physical locations across the U.S.

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