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Brentwood Bank Review

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Brentwood Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1922, Brentwood Bank has assets totaling $609 million as well as $473 million in deposits, ranking the institution as a medium-size bank. Brentwood Bank, whose headquarters are in Bethel Park, Pennsylvania, lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We ranked the bank at a 4.1 stars out of 5, suggesting Brentwood Bank is a respectable bank that you should consider. Brentwood Bank provides customers with a varied choice of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Brentwood Bank offers an option without a maintenance or monthly fee. Locating an institution with no-fee checking as well as a high savings APY is your best option for returning the most income from your deposits while having convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

3.5
SmartAsset Average: 3.5

With a savings rate of 0.15%, Brentwood Bank ranks poorly in comparison to the national average. Its one-year and five-year term lengths CDs earn at a rate of 1.30% and 1.70%, respectively, while its highest-yielding money market account has a rate of 0.15%. Given its below average savings rate, you should think about looking at the competition to open savings accounts.

How Brentwood Bank's Savings Rates Compare

Brentwood Bank Savings 0.15 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Brentwood Bank has generally extremely low fees compared to other U.S. banks. With no monthly fee, Brentwood Bank is perfect for those who want a simple checking account. Brentwood Bank refunds any incurred out-of-network ATM charges, making ATM withdrawals a free and simple process.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

3.0
SmartAsset Average: 3.7

Brentwood Bank is a brick-and-mortar bank, with 11 total bank locations in Pennsylvania. It also offers access to mobile and web apps for simple access and banking on the go. Brentwood Bank receives unsatisfactory feedback from customers for its mobile platform. The Brentwood Bank mobile app is rated at 2.2 out of 5 (out of 22 ratings on Apple and Android) compared to the national average of 3.8. Brentwood Bank's mobile app lets you control your bank accounts by looking at current statements, sending and receiving funds and reaching customer service. Brentwood Bank gets an outstanding consumer satisfaction rating based on relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 2.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

Brentwood Bank ranks as a medium-size bank with assets totaling $609 million and deposits totaling $473 million. Its Texas Ratio is 0.99%, indicating that the bank is in outstanding financial shape and far from failure. Additionally, Brentwood Bank 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 Brentwood Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $250
Checking Account 0.1% APY $1500
Certificates of Deposit
  • 12 Month: 1.30% APY
  • 24 Month: 1.80% APY
  • 36 Month: 1.50% APY
  • 48 Month: 2.10% APY
  • 60 Month: 1.70% APY
$2000 for all terms
Money Market Accounts 0.15% APY 0.15% APY $10000 $15000

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

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Find a Brentwood Bank Near Me

Brentwood Bank has 11 physical branches in the U.S.

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