Bristol County Savings Bank Review

Bristol County Savings Bank Savings

0.05% APY

Bristol County Savings Bank was founded in 1846 with its headquarters in Taunton, Massachusetts. It owns assets totaling $3.07 billion and $2.55 billion in deposits, classifying it as a large bank. Bristol County Savings Bank does not have the same customer service perks that others do. It is a conventional brick-and-mortar bank, which means in-person service, in addition to its online and mobile apps. With a commendable 4.1 stars out of 5, Bristol County Savings Bank proves it is a good bank that deserves your consideration. 

Bristol County Savings Bank provides customers with the complete selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. Bristol County Savings Bank has a fair savings rate, which means other popular banks have higher rates. The bank's standard checking account has a $2.50 monthly fee, which is not too bad in comparison to other U.S. banks. Why use checking and savings accounts with the same bank? Quick transferring between the two accounts translates to better interest rates in your savings account with the ability to spend from your checking.

Service Quality

Bristol County Savings Bank is a brick-and-mortar bank, with 18 total branches in Massachusetts and Rhode Island. With mobile and web apps, Bristol County Savings Bank makes mobile banking convenient, even on the go. It does not offer all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday, 8:30 a.m. to 5:00 p.m. ET. 

Bristol County Savings Bank gets moderately high praise from customers for its online presence: the Bristol County Savings Bank mobile app is rated at 3.2 out of 5 (out of 35 ratings on iOS and Android) compared to the national average of 3.8. Bristol County Savings Bank's mobile app lets you control your bank accounts by reviewing monthly statements, transferring funds and accessing support representatives. Bristol County Savings Bank receives a superb consumer satisfaction score based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector. 

Products Offered

Bristol County Savings Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs, meaning you have many options to manage your money. Bristol County Savings Bank does not have the best savings rate, which means you should think about taking a look 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. Bristol County Savings Bank's CD rates are competitive compared to the average U.S. bank. 

Rates

Bristol County Savings Bank features a savings rate of 0.05%, which is fair in comparison to the national average. Bristol County Savings Bank's one-year and five-year term lengths CD's earn at a rate of 4.34% and 3.56%, respectively, while its highest-yielding money market account has a rate of 0.50%. Bristol County Savings Bank has a fair savings rate, which means you can find higher rates with other banks. Consider higher-earning savings accounts with other banks.

Fees

Bristol County Savings Bank has generally low fees in comparison to other U.S. banks. Its checking account has a monthly fee of $2.50, making it average for anyone looking for a simple account. Also, at $30, its overdraft fee is significantly lower than that of other U.S. banks, making it perfect for those who don't check their balance often. 

Financial Health

Bristol County Savings Bank ranks as a large bank and has $3.07 billion in assets and $2.55 billion in deposits. Bristol County Savings Bank has an excellent Texas Ratio of 3.72%, denoting an exceptionally small possibility of failure. Additionally, Bristol County Savings Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a Bristol County Savings Bank Near Me

Bristol County Savings Bank has 18 physical branches in the U.S.