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BCB Community Bank 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
BCB Community Bank Savings
0.10% APY

Overview

Our Rating: 4.1/5 How we calculated this rating

BCB Community Bank first started operating in 2000 and is headquartered in Bayonne, New Jersey. BCB Community Bank manages assets totaling $2 billion as well as deposits totaling $2 billion, which makes it a large bank. BCB Community Bank lacks premium access to customer service, 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 commendable 4.1 out of 5 stars, BCB Community Bank is a respectable bank that deserves your consideration. 

BCB Community Bank has a variety of product offerings, including savings accounts, checking accounts, CDs, IRAs and mortgage products. It 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 most basic checking does not carry a monthly maintenance fee. Why have checking and savings accounts with one bank? Quick transferring between both accounts translates to better interest rates in your savings account with the ease of spending from your checking.

Service Quality

BCB Community Bank is a brick-and-mortar bank, with 28 total branches in New Jersey and New York. It also offers access to mobile and web apps for a simple mobile-banking experience. It does not offer all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Wednesday, 8:00 a.m. to 6:00 p.m. ET; Thursday, 8:00 a.m. to 7:00 p.m. ET; Friday, 8:00 a.m. to 8:00 p.m. ET; Saturday, 8:00 a.m. to 2:00 p.m. ET; Sunday, 10:00 a.m. to 2:00 p.m. ET. 

BCB Community Bank gets fair feedback from users for its online presence: the BCB Community Bank mobile app is rated at 3.5 out of 5 (with 15 reviews on Apple and Android) compared to the national average of 3.8. BCB Community Bank's mobile app lets you control your bank accounts by reviewing account balances, sending and receiving money as well as accessing customer service. BCB Community Bank gets an exceptional consumer satisfaction score due to comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.10% APY $100 Compare Offers
Certificates of Deposit
  • 12 Month: 0.46% APY
  • 24 Month: 0.76% APY
  • 36 Month: 1.01% APY
  • 48 Month: 1.22% APY
  • 60 Month: 1.42% APY
$500 for all tiers Compare Offers
Money Market Accounts 10K tier: 0.20% APY $10,000 Compare Offers
Checking Accounts 0.10% APY $500 Compare Offers

BCB Community Bank has several deposit products which include savings accounts, checking accounts and CDs, providing you with many options to manage your money. It 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. BCB Community Bank's CD rates are fair in comparison to the national average.

Rates

With a savings rate of 0.10%, BCB Community Bank ranks below the mean compared to the national average. Its CD rates are 0.46% and 1.42% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.20%. Given BCB Community Bank's below average savings rate, you should consider opting for higher earning savings accounts with other banks.

Compare BCB Community Bank to Other Competitive Offers

Fees

BCB Community Bank has generally extremely low fees in comparison to other U.S. banks. BCB Community Bank's checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. BCB Community Bank refunds their ATM charges (with conditions), which means easy access to cash at any time.

Financial Health

BCB Community Bank is a large bank with assets totaling $2 billion as well as $2 billion in deposits. BCB Community Bank has a very good Texas Ratio of 7.07%, signifying that the bank is in good financial condition and unlikely to fail. Additionally, BCB Community Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a BCB Community Bank Near Me

BCB Community Bank has 28 branches in the U.S.

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