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Central Bank of Boone County Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Central Bank of Boone County Savings
0.06% APY

Overview

Our Rating: 4.2/5 How we calculated this rating

Central Bank of Boone County first started operating in 1857 with headquarters located in Columbia, Missouri. Central Bank of Boone County handles assets totaling $2 billion as well as $2 billion in deposits, which makes it a large bank. Central Bank of Boone County lacks premium access to customer service, with no options of live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. Coming in at a commendable 4.2 out of 5 stars, Central Bank of Boone County proves it is a solid pick to be your bank. 

Central Bank of Boone County provides customers with the full package of banking products, which include savings accounts, checking accounts, IRAs, mortgage products and credit cards. Central Bank of Boone County has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Central Bank of Boone County's most basic checking account does not have a monthly charge. Why use checking and savings accounts with the same bank? Fast transferring between both accounts translates to better interest rates in your savings account with the option of spending from your checking.

Service Quality

Central Bank of Boone County is a brick-and-mortar bank, with 16 total bank locations in Missouri. With mobile and web apps, Central Bank of Boone County makes account access convenient, even on the go.  

Central Bank of Boone County gets fair feedback from users for its online presence: the Central Bank of Boone County mobile app has been given a 3.9 out of 5 (with 800 customer reviews on iOS and Android) compared to the national average of 3.8. You can use Central Bank of Boone County's app to manage your bank accounts by looking at account balances, transferring funds and reaching customer service. Central Bank of Boone County gets an excellent consumer satisfaction rating based on comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.06% APY $1 Compare Offers
Certificates of Deposit
  • 12 Month: 0.30% APY
  • 24 Month: 0.40% APY
  • 36 Month: 0.45% APY
  • 48 Month: 0.60% APY
  • 60 Month: 0.75% APY
$500 for all tiers Compare Offers
Money Market Accounts
  • 10K tier: 0.03% APY
  • 25K tier: 0.05% APY
  • $1
  • $25,000
Compare Offers
Checking Accounts 0.01% APY $1 Compare Offers

Central Bank of Boone County has several deposit products which include savings accounts and checking accounts, providing you with many options to manage your money. Central Bank of Boone County does not have the best savings rate, which means you should think about looking elsewhere for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Central Bank of Boone County's CD rates are fair in comparison to the average U.S. bank. 

Rates

Central Bank of Boone County has a savings rate of 0.06%, which is fair compared to the national average. Central Bank of Boone County's one-year CD has a rate of 0.30% and the five-year CD earns at a rate of 0.75%, while its highest-yielding money market account has a rate of 0.05%. Given Central Bank of Boone County's noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

Compare Central Bank of Boone County to Other Competitive Offers

Fees

Central Bank of Boone County charges customers extremely low fees as compared against the national average. Central Bank of Boone County's checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. Central Bank of Boone County  does not refund ATM charges meaning you'll need to search for a Central Bank of Boone County ATM or accept the withdrawal fee.

Financial Health

Central Bank of Boone County ranks as a large bank owning assets totaling $2 billion as well as deposits totaling $2 billion. Its Texas Ratio is 0.58%, signifying an exceptionally low likelihood of failure. Additionally, Central Bank of Boone County is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a Central Bank of Boone County Near Me

Central Bank of Boone County has 16 physical branches across the U.S.

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