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CB&S Bank Review

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CB&S Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


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.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

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 Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

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.

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

SmartAsset Average: 3.7

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.

Overall Mobile Rating 3.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

SmartAsset Average: 4.8

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

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 CB&S Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.1% APY $1000
Certificates of Deposit
  • 12 Month: 0.35% APY
  • 24 Month: 0.45% APY
  • 36 Month: 0.60% APY
  • 48 Month: 0.75% APY
  • 60 Month: 0.90% APY
$1000 for all terms
Money Market Account 0.2% APY $2500

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.

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Find a CB&S Bank Near Me

CB&S Bank has 51 physical branches across the U.S.

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