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Citizens Tri-County Bank Review

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Citizens Tri-County Bank Savings
1.16% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

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.

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

4.9
SmartAsset Average: 3.5

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 Savings 1.16 National Average 0.26 Compare Offers
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Fees

4.0
SmartAsset Average: 4.4

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.

Monthly Fee $5.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $24.00 National Average: $35.00
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Service Quality

3.8
SmartAsset Average: 3.7

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.

Overall Mobile Rating 3.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.4
SmartAsset Average: 4.8

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

12.62%
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 Citizens Tri-County Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 1.16% APY $1
Checking Account 0.95% APY $500
Certificates of Deposit
  • 12 Month: 1.92% APY
  • 24 Month: 2.27% APY
  • 36 Month: 2.53% APY
  • 48 Month: 2.79% APY
  • 60 Month: 3.05% APY
$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.

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Find a Citizens Tri-County Bank Near Me

Citizens Tri-County Bank has 26 locations in the U.S.

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