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CCB Community Bank Review

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CCB Community Bank Savings
0.45% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1947, CCB Community Bank has assets totaling $493 million as well as deposits totaling $412 million, ranking the institution as a medium-size bank. CCB Community Bank, whose headquarters are in Andalusia, Alabama, has above-average customer service access with a live chat feature, great for getting help during the work week. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. At a SmartAsset rating of 4.3 stars out of 5, CCB Community Bank should be solidly in contention for your choice of bank. CCB Community Bank offers a diverse array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. CCB Community Bank has a fair savings rate; other popular banks have higher rates. The bank's standard checking product carries a $3.00 monthly fee, which is acceptable as compared against the national average. Locating a bank with no-fee checking as well as a high savings APY is the best bet for returning the highest income from your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.3/5
National Average: 4.1

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

Rates

4.1
SmartAsset Average: 3.5

With a savings rate of 0.45%, CCB Community Bank ranks poorly compared to other U.S. banks. CCB Community Bank's CD rates are 1.78% and 2.00% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.65%. Given its poor savings rate, you should consider choosing another bank to earn more on your deposits.

How CCB Community Bank's Savings Rates Compare

CCB Community Bank Savings 0.45 National Average 0.26 Compare Offers
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Fees

4.0
SmartAsset Average: 4.4

CCB Community Bank has generally average fees as compared against the national average. At $3.00/month, CCB Community Bank's checking account is less than ideal for those who need a hassle-free banking experience. Additionally, at $34.00, CCB Community Bank's overdraft fee is considerably lower than the average overdraft fee charged by U.S. banks. CCB Community Bank does not refund out-of-network ATM charges, meaning you will need to locate a CCB Community Bank ATM or accept the withdrawal fee.

Monthly Fee $3.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $34.00 National Average: $35.00
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Service Quality

4.5
SmartAsset Average: 3.7

CCB Community Bank is a brick-and-mortar bank, with four total branches in Alabama and Florida. With mobile and web apps, CCB Community Bank makes account access convenient, even on the go. CCB Community Bank also offers a live chat feature, giving customers an easy access point throughout the day. CCB Community Bank gets positive ratings from customers for its mobile platform. The CCB Community Bank mobile app has an overall rating of 4.6 out of 5 (with 51 reviews on Apple and Android) compared to the national average of 3.8. You can utilize CCB Community Bank's app to manage your finances by looking at current statements, transferring funds as well as accessing support representatives. CCB Community Bank gets an exceptional consumer satisfaction rating 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 4.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

4.7
SmartAsset Average: 4.8

CCB Community Bank is a medium-size bank owning assets totaling $493 million as well as deposits totaling $412 million. CCB Community Bank has a strong Texas Ratio of 7.36%, indicating a small chance of failure. Additionally, CCB Community Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

7.36%
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 CCB Community Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.45% APY $200
Checking Account 0.1% APY $1500
Certificates of Deposit
  • 12 Month: 1.78% APY
  • 24 Month: 1.00% APY
  • 36 Month: 1.40% APY
  • 48 Month: 2.00% APY
  • 60 Month: 2.00% APY
$500 for all terms
Money Market Account 0.65% APY $15000

CCB Community Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. CCB Community Bank does not have the best savings rate, which means you should think about other options 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. CCB Community Bank's CD rates are fair as compared against the national average.

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Find a CCB Community Bank Near Me

CCB Community Bank has four physical locations in the U.S.

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