Loading
Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Boston Private Bank & Trust Company Review

Your Details Done
by Updated
Boston Private Bank & Trust Company Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1983, Boston Private Bank & Trust Company has assets totaling $8 billion as well as deposits totaling $7 billion, ranking the institution as a large bank. Boston Private Bank & Trust Company, whose headquarters are in Boston, Massachusetts, 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 in-person service, in addition to its online and mobile apps. With a score of 4.2 out of 5 stars, Boston Private Bank & Trust Company should be solidly in contention for your choice of bank. Boston Private Bank & Trust Company provides customers with numerous banking products, including checking accounts, money market accounts and CDs. It has a fair savings rate compared to the average savings account. Locating an institution with no-fee checking and a high savings APY is 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

4.2/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

3.4
SmartAsset Average: 3.5

Boston Private Bank & Trust Company features a savings rate of 0.10%, which is poor compared to the national average. Boston Private Bank & Trust Company's one-year CD earns at a rate of 1.11% and the five-year CD earns at a rate of 1.56%, while its highest-yielding money market account earns at a rate of 0.10%. Given Boston Private Bank & Trust Company's below average savings rate, you should consider opting for higher earning savings accounts with other banks.

How Boston Private Bank & Trust Company's Savings Rates Compare

Boston Private Bank & Trust Company Savings 0.10 National Average 0.26 Compare Offers
Back to Overview

Fees

NR
SmartAsset Average: 4.4

There is insufficient data on Boston Private Bank & Trust Company's fees to provide a full SmartAsset rating.

Monthly Fee N/A National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

4.2
SmartAsset Average: 3.7

Boston Private Bank & Trust Company is a brick-and-mortar bank, with 23 total branches in California and Massachusetts. It also offers access to mobile and web apps for a simple mobile-banking experience. Boston Private Bank & Trust Company receives relatively decent scores from users for its mobile banking services. The Boston Private Bank & Trust Company mobile app is rated at 4.4 out of 5 (out of 4,500 ratings on Apple and Android) compared to the national average of 3.8. You can access Boston Private Bank & Trust Company's mobile app to manage your finances by monitoring monthly statements, transferring funds and accessing support representatives. Boston Private Bank & Trust Company gets a superb consumer satisfaction rating due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.4/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

5.0
SmartAsset Average: 4.8

Boston Private Bank & Trust Company ranks as a large bank and has $8 billion in assets as well as deposits totaling $7 billion. Boston Private Bank & Trust Company's Texas Ratio is 1.77%, indicating a minute possibility of failure. Additionally, Boston Private Bank & Trust Company 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 Boston Private Bank & Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $500
Checking Account 0.03% APY $2500
Certificates of Deposit
  • 12 Month: 1.11% APY
  • 24 Month: 1.11% APY
  • 36 Month: 1.56% APY
  • 48 Month: 1.56% APY
  • 60 Month: 1.56% APY
$1000 for all terms
Money Market Account 0.1% APY $1

Boston Private Bank & Trust Company has several deposit products like checking accounts, money market accounts and CDs that provide you with many options to manage your money. Boston Private Bank & Trust Company does not have the best savings rate, which means you should think about 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. Boston Private Bank & Trust Company's CD rates are fair compared to other U.S. banks.

Back to Overview

Find a Boston Private Bank & Trust Company Near Me

Boston Private Bank & Trust Company has 23 physical locations across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure