Century Savings Bank first started operating in 1865 with its headquarters in Vineland, New Jersey. Century Savings Bank handles assets of $460 million along with deposits totaling $382 million, classifying it as a medium-size bank. Century Savings Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With a score of 4.3 stars out of 5, Century Savings Bank should be solidly in contention for your choice of bank. Century Savings Bank has a varied choice of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Century Savings Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Century Savings Bank offers an option without a monthly fee. Finding a bank with free checking as well as a high interest rate savings account is the best option for getting the most income on your deposits while having easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.25%, Century Savings Bank ranks poorly as compared against the national average. Its one-year CD earns at a rate of 0.30% and the five-year CD has a rate of 1.10%, while its highest-yielding money market account has a rate of 0.15%. Given Century Savings Bank's noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.
How Century Savings Bank's Savings Rates Compare
Century Savings Bank generally has low fees in comparison to other U.S. banks. With no monthly fee, Century Savings Bank's checking account is ideal for those who want a hassle-free banking experience. Additionally, it has an overdraft fee of $35.00, which is on par with the national average overdraft fee. Century Savings Bank does not reimburse out-of-network ATM fees, which means you'll need to find a Century Savings Bank ATM or eat the cost of withdrawal.
Century Savings Bank is a brick-and-mortar bank, with six total branches in New Jersey. It also offers access to mobile and web apps for simple access and banking on the go. Century Savings Bank receives high marks from users for its mobile platform. The Century Savings Bank mobile app rates a 5.0 out of 5 (with 1 reviews on Apple and Android) compared to the national average of 3.8. Century Savings Bank's mobile app lets you control your bank accounts by monitoring monthly statements, transferring money as well as reaching customer service. Century Savings Bank receives a superb consumer satisfaction score based on relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
Century Savings Bank is a medium-size bank with assets totaling $460 million as well as $382 million in deposits. Its Texas Ratio is 5.89%, denoting a tiny chance of failure. Additionally, Century Savings 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 Century Savings Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.25% APY||$100|
|Checking Account||0.15% APY||$300|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Accounts||0.15% APY 0.15% APY||$10000 $15000|
Century Savings Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Century Savings Bank does not have the best savings rate, which means you should consider taking a look 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. Century Savings Bank's CD rates are fair compared to the national average.Back to Overview
Find a Century Savings Bank Near Me
Century Savings Bank has six physical locations across the U.S.Back to Overview