Founded in 1972, Citizens Tri-County Bank has assets totaling $826 million as well as $734 million in deposits, which makes the institution a medium-size bank. Citizens Tri-County Bank, whose headquarters are in Dunlap, Tennessee, lacks premium access to customer service, with no options for 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. At a SmartAsset rating of 4.3 out of 5 stars, Citizens Tri-County Bank should be solidly in contention for your choice of bank. Citizens Tri-County Bank provides customers with a varied choice of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. The bank's standard checking product has a monthly fee of $5.00, making it a rather costly bank for checking. Finding a checking account with no monthly fee as well as a savings account with a high APY at the same institution is your best option for gaining the most income from your deposits while maintaining convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Citizens Tri-County Bank features a savings rate of 1.16%, which is poor in comparison to the national average. Its one-year CD earns at a rate of 1.92% and the five-year CD has a rate of 3.05%, while its highest-yielding money market account has an APY of 1.21%. Given its noncompetitive savings rate, you should consider choosing another bank to earn more on your deposits.
How Citizens Tri-County Bank's Savings Rates Compare
Citizens Tri-County Bank has generally average fees compared to other U.S. banks. Citizens Tri-County Bank's checking account has a monthly fee of $5.00, ranking it fair for anyone looking for a hassle-free account. Additionally, Citizens Tri-County Bank has an overdraft fee of $24.00, which is noticeably less than that of other U.S. banks. Citizens Tri-County Bank unfortunately does not reimburse out-of-network ATM fees, which means you will have to find a Citizens Tri-County Bank ATM or eat the withdrawal fee.
Citizens Tri-County Bank is a brick-and-mortar bank, with 26 total bank locations in Tennessee. With mobile and web apps, Citizens Tri-County Bank makes mobile banking straightforward, even on the go. Citizens Tri-County Bank's online and mobile banking services receive moderate feedback from users. The Citizens Tri-County Bank mobile app scored a 3.7 out of 5 (with 61 customer reviews on iOS and Android) compared to the national average of 3.8. You can utilize Citizens Tri-County Bank's mobile app to control your finances by reviewing current statements, transferring money as well as accessing customer service. Citizens Tri-County Bank gets an excellent consumer satisfaction score due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
Citizens Tri-County Bank is currently a medium-size bank with $826 million in assets and deposits totaling $734 million. Its Texas Ratio is 12.62%, indicating that Citizens Tri-County Bank is in good financial health and unlikely to fail. Additionally, Citizens Tri-County 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 Citizens Tri-County Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||1.16% APY||$1|
|Checking Account||0.95% APY||$500|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Accounts||1.21% APY 1.21% APY||$10000 $15000|
Citizens Tri-County Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Citizens Tri-County 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. Citizens Tri-County Bank's CD rates are fair compared to other U.S. banks.Back to Overview
Find a Citizens Tri-County Bank Near Me
Citizens Tri-County Bank has 26 locations in the U.S.Back to Overview