CB&S Bank first started operating in 1906 with headquarters in Russellville, Alabama. CB&S Bank handles assets of $2 billion along with $1 billion in deposits, making it a large bank. CB&S Bank has above-average customer service access with a live chat feature, great for getting help during the work week. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. We ranked CB&S Bank at a 4.1 out of 5 stars, which means it is a respectable bank that warrants your consideration. CB&S Bank has an array banking products, including savings accounts, checking accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, CB&S Bank offers an option without a monthly fee. Using a bank with free checking, in addition to a high interest rate savings account is your best option for accruing the highest income from your deposits while maintaining easy 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 0.10%, CB&S Bank ranks poorly as compared against the national average. Its CD rates are 0.35% and 0.90% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.20%. Given its below average savings rate, you should think about choosing another bank to earn more on your deposits.
How CB&S Bank's Savings Rates Compare
CB&S Bank has typically extremely low fees in comparison to the average U.S. bank. With no monthly fee, CB&S Bank is perfect for those who want a basic banking experience. CB&S Bank doesn't refund out-of-network ATM charges, meaning you will need to find a CB&S Bank ATM or eat the fee.
CB&S Bank is a brick-and-mortar bank, with 51 total branches in Alabama, Mississippi and Tennessee. It also offers access to mobile and web apps for an easy mobile-banking experience. Additionally, CB&S Bank customers can access live chat for help, a helpful way to reach a representative during the work day. CB&S Bank's online and mobile banking platforms get moderate feedback from users. The CB&S Bank mobile app scored a 3.8 out of 5 (out of 160 ratings on Apple and Android) compared to the national average of 3.8. CB&S Bank's mobile app allows you to control your bank accounts by checking account balances, sending and receiving funds as well as reaching customer service. CB&S Bank receives a superb consumer satisfaction score based on relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
CB&S Bank ranks as a large bank with assets totaling $2 billion as well as $1 billion in deposits. CB&S Bank's Texas Ratio is 10.08%, suggesting that the bank is in fine financial well-being and unlikely to fail. Additionally, CB&S 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 CB&S Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.1% APY||$1|
|Checking Account||0.1% APY||$1000|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.2% APY 0.2% APY||$10000 $15000|
CB&S Bank has several deposit products including savings accounts, checking accounts and CDs to give you many options to manage your money. CB&S Bank does not have the best savings rate, which means you should consider 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. CB&S Bank's CD rates are fair as compared against the national average.Back to Overview
Find a CB&S Bank Near Me
CB&S Bank has 51 physical branches across the U.S.Back to Overview