Established in 1906, CB&S Bank has $2 billion in assets along with deposits totaling $1 billion, making it a large bank. CB&S Bank, whose headquarters are in Russellville, Alabama, has above-average customer service access with a live chat feature, which is helpful for those that work during typical customer service hours. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 4.1 out of 5 stars, CB&S Bank should be solidly in contention for your choice of bank. CB&S Bank has a choice of banking products, which include savings accounts, checking accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. CB&S Bank has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, CB&S Bank's ordinary checking account does not have a monthly fee. Finding a bank with free checking as well as a high savings APY is your best option for getting the highest income from your deposits while having convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
CB&S Bank has a savings rate of 0.10%, which is poor in comparison to other U.S. banks. Its one-year and five-year term lengths CDs earn at a rate of 0.35% and 0.90%, respectively, while its highest-yielding money market account earns at a rate of 0.20%. Given its noncompetitive savings rate, you should consider taking a look at other banks for savings accounts.
How CB&S Bank's Savings Rates Compare
On average, CB&S Bank charges its customers extremely low fees in comparison to the national average. CB&S Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. CB&S Bank unfortunately doesn't reimburse out-of-network ATM charges, which means you will be required 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. With mobile and web apps, CB&S Bank makes account access straightforward, even on the go. CB&S Bank also offers a live chat feature, an alternative customer service tool if you can't call in during business hours. CB&S Bank receives moderate reviews from customers for its online presence. The CB&S Bank mobile app has been given a 3.8 out of 5 (with 160 ratings on Apple and Android) compared to the national average of 3.8. You can utilize CB&S Bank's mobile app to manage your funds by checking account balances, sending and receiving funds as well as reaching support representatives. CB&S Bank receives a superb consumer satisfaction score due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
CB&S Bank ranks as a large bank and has assets totaling $2 billion as well as $1 billion in deposits. CB&S Bank's Texas Ratio is 10.08%, indicating a small likelihood of failure. 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 Account||0.2% APY||$2500|
CB&S Bank has several deposit products like savings accounts, checking accounts and CDs that provide you with many options to manage your money. CB&S 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. CB&S Bank's CD rates are fair in comparison to the average U.S. bank.Back to Overview
Find a CB&S Bank Near Me
CB&S Bank has 51 physical locations in the U.S.Back to Overview