Started in 1973, CBBC Bank has assets totaling $351 million along with deposits totaling $298 million, ranking it as a small bank. CBBC Bank, whose headquarters are in Maryville, Tennessee, lacks premium access to support representatives, 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 offerings. At a SmartAsset rating of 3.8 stars out of 5, CBBC Bank should be near the middle of the pack in your search for a bank. CBBC Bank provides customers with a mixture of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. CBBC Bank has a fair savings rate; other popular banks have higher rates. The bank's standard checking product has a $4.00 monthly fee, which places it at the higher end of monthly fees. Finding a checking account with no monthly fee and a savings account with a high APY at the same institution is your best option for returning the most income on your deposits while having convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.05%, CBBC Bank ranks poorly as compared against the national average. Its one-year and five-year term lengths CDs earn at a rate of 1.00% and 2.02%, respectively, while its highest-yielding money market account has a rate of 0.35%. Given CBBC Bank's below average savings rate, you should consider choosing another bank to earn more on your deposits.
How CBBC Bank's Savings Rates Compare
CBBC Bank has generally high fees in comparison to other U.S. banks. Its checking account has a monthly fee of $4.00, rating it fair for anyone looking for a simple account. CBBC Bank unfortunately does not reimburse out-of-network ATM fees, which means you will need to search for a CBBC Bank ATM or accept the fee.
CBBC Bank is a brick-and-mortar bank, with eight total branches in Tennessee. With mobile and web apps, CBBC Bank makes mobile banking easy, even on the go. CBBC Bank's online and mobile banking platforms receive moderate scores from customers. The CBBC Bank mobile app has an overall rating of 3.9 out of 5 (out of 27 customer reviews on Apple and Android) compared to the national average of 3.8. You can utilize CBBC Bank's mobile app to manage your finances by reviewing account balances, transferring money as well as accessing customer service. CBBC Bank gets an exceptional consumer satisfaction score based on comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
CBBC Bank is currently a small bank and owns assets totaling $351 million as well as $298 million in deposits. CBBC Bank's Texas Ratio is 0.00%, indicating that CBBC Bank is in outstanding financial condition and unlikely to fail. Additionally, CBBC 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.Back to Overview
Compare CBBC Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.05% APY||$100|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.35% APY 0.35% APY||$10000 $15000|
CBBC Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. CBBC Bank does not have the best savings rate, which means you should consider taking a look 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. CBBC Bank's CD rates are fair in comparison to other U.S. banks.Back to Overview
Find a CBBC Bank Near Me
CBBC Bank has eight branches across the U.S.Back to Overview