Loading
Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

CB&S Bank Review

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

Overview

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.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

2.9
SmartAsset Average: 3.5

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

CB&S Bank Savings 0.10 National Average 0.26 Compare Offers
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

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.

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
Back to Overview

Service Quality

4.1
SmartAsset Average: 3.7

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.

Overall Mobile Rating 3.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
Back to Overview

Financial Health

4.5
SmartAsset Average: 4.8

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

10.08%
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.

Back to Overview

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 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
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure