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Clinton Savings Bank Review

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Clinton Savings Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 1851, Clinton Savings Bank has $551 million in assets along with deposits totaling $419 million, making it a medium-size bank. Clinton Savings Bank, whose headquarters are in Clinton, Massachusetts, 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 in-person service, in addition to its online and mobile apps. Coming in at a commendable 4.3 stars out of 5, Clinton Savings Bank proves it is a great bank that you should seriously consider. Clinton Savings Bank provides customers with a full suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Clinton Savings Bank's standard checking account does not have a monthly fee. Locating a checking account with no monthly fee and a savings account with a high APY at the same institution is the best bet for returning the most income on your deposits while having convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

Clinton Savings Bank has a savings rate of 0.05%, which is poor compared to the national average. Clinton Savings Bank's one-year CD has a rate of 0.90% and the five-year CD earns at a rate of 2.05%, while its highest-yielding money market account has an APY of 0.30%. Given Clinton Savings Bank's poor savings rate, you should consider looking at the competition to open savings accounts.

How Clinton Savings Bank's Savings Rates Compare

Clinton Savings Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Clinton Savings Bank typically has extremely low fees in comparison to the average U.S. bank. With no monthly fee, Clinton Savings Bank is perfect for those who want a basic banking experience. For those who will need cash in a pinch, it is good because it has an out-of-network ATM fee of $1.00, which is solid in comparison to the average U.S. bank. Additionally, at $30.00, it has a significantly lower overdraft fee compared to the national average. Clinton Savings Bank doesn't refund out-of-network ATM charges, meaning you'll have to locate a Clinton Savings Bank ATM or eat the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $1.00 National Average: $1.20
Overdraft Fee $30.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Clinton Savings Bank is a brick-and-mortar bank, with nine total bank locations in Massachusetts. With mobile and web apps, Clinton Savings Bank makes mobile banking straightforward, even on the go. Clinton Savings Bank gets high marks from customers for its online presence. With 130 customer reviews across both Apple and Android platforms, the Clinton Savings Bank mobile app rates a 4.7 out of 5 (compared to the national average of 3.8). Clinton Savings Bank's mobile app allows you to manage your finances by checking monthly statements, transferring funds as well as reaching support representatives. Clinton Savings Bank gets an exceptional consumer satisfaction rating due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Clinton Savings Bank is a medium-size bank with assets totaling $551 million and $419 million in deposits. Clinton Savings Bank's Texas Ratio is 7.29%, signifying a tiny opportunity of failure. Additionally, Clinton 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

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 Clinton Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $10
Checking Account 0.02% APY $10
Certificates of Deposit
  • 12 Month: 0.90% APY
  • 24 Month: 1.17% APY
  • 36 Month: 1.45% APY
  • 48 Month: 1.85% APY
  • 60 Month: 2.05% APY
$10 for all terms
Money Market Account 0.3% APY $10000

Clinton Savings Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Clinton Savings Bank does not have the best savings rate, which means you should consider looking 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. Clinton Savings Bank's CD rates are fair compared to other U.S. banks.

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Find a Clinton Savings Bank Near Me

Clinton Savings Bank has nine physical branches across the U.S.

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