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Capital Community Bank Review

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Capital Community Bank Savings
0.40% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1993, Capital Community Bank has assets totaling $359 million as well as $308 million in deposits, ranking the institution as a small bank. Capital Community Bank, whose headquarters are in Provo, Utah, lacks premium access to support representatives, 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 offerings. With a score of 4.4 stars out of 5, Capital Community Bank should be solidly in contention for your choice of bank. Capital Community Bank has a mixture of banking products, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Capital Community Bank's standard checking account does not have a monthly fee. Locating a bank with free checking and a high interest rate savings account is the best bet for gaining the most income on your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

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

Rates

4.1
SmartAsset Average: 3.5

Capital Community Bank has a savings rate of 0.40%, which is fair compared to other U.S. banks. Its CD rates are 2.00% and 2.60% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.45%. Given its noncompetitive savings rate, you should consider looking at the competition to open savings accounts.

How Capital Community Bank's Savings Rates Compare

Capital Community Bank Savings 0.40 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Capital Community Bank charges its customers extremely low fees in comparison to other U.S. banks. With no monthly fee, Capital Community Bank's checking account is perfect for people who need a hassle-free banking experience. Capital Community Bank does not reimburse out-of-network ATM charges, which means you will be required to find a Capital Community Bank ATM or accept the withdrawal fee.

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

3.6
SmartAsset Average: 3.7

Capital Community Bank is a brick-and-mortar bank, with five total bank locations in Utah. With mobile and web apps, Capital Community Bank makes account access easy, even on the go. Capital Community Bank's online and mobile banking platforms receive poor feedback from customers. The Capital Community Bank mobile app scored a 3.3 out of 5 (with 7 ratings on Apple and Android) compared to the national average of 3.8. You can use Capital Community Bank's mobile app to control your accounts by monitoring monthly statements, transferring funds as well as accessing customer service. Capital Community Bank gets an outstanding consumer satisfaction score due to relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

Capital Community Bank is a small bank with $359 million in assets as well as deposits totaling $308 million. Capital Community Bank's Texas Ratio is 5.68%, suggesting that the bank is in good financial well-being and far from failure. Additionally, Capital Community Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

5.68%
High Risk 75% 50% 20% 10% Low Risk

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 Capital Community Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.4% APY $25
Checking Account 0.1% APY $25
Certificates of Deposit
  • 12 Month: 2.00% APY
  • 24 Month: 2.15% APY
  • 36 Month: 2.30% APY
  • 48 Month: 2.00% APY
  • 60 Month: 2.60% APY
$1000 for all terms
Money Market Accounts 0.35% APY 0.45% APY $10000 $15000

Capital Community Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Capital Community Bank does not have the best savings rate, which means you should consider 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. Capital Community Bank's CD rates are fair compared to the national average.

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Find a Capital Community Bank Near Me

Capital Community Bank has five physical locations across the U.S.

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