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Country Bank 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
Country Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Country Bank started in 1988 with headquarters located in New York, New York. Country Bank owns $686 million in assets along with deposits totaling $573 million, classifying it as a medium-size bank. Country Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. At a SmartAsset rating of 3.8 stars out of 5, Country Bank should be near the middle of the pack in your search for a bank. Country Bank has a diverse array of banking products, including savings accounts, checking accounts, money market accounts, CDs and IRAs. Country Bank has a fair savings rate; other popular banks have higher rates. The bank's standard checking account has a monthly fee of $3.00, which is not too high in comparison to the average U.S. bank. Institutions that offer no-fee checking, in addition to a high interest rate savings account are your best option for gaining the highest income from your deposits alongside convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.8/5
National Average: 4.1

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

Rates

4.3
SmartAsset Average: 3.5

With a savings rate of 0.25%, Country Bank ranks poorly compared to the average U.S. bank. Country Bank's one-year and five-year term lengths CDs earn at a rate of 2.00% and 3.25%, respectively, while its highest-yielding money market account earns at an APY of 0.50%. Given its noncompetitive savings rate, you should think about other options to earn more on your deposits.

How Country Bank's Savings Rates Compare

Country Bank Savings 0.25 National Average 0.26 Compare Offers
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Fees

3.5
SmartAsset Average: 4.4

Country Bank charges customers high fees as compared against the national average. At $3.00 per month, Country Bank's checking account is not ideal for those who want a hassle-free checking account. Country Bank unfortunately doesn't refund out-of-network ATM fees, meaning you'll be required to search for a Country Bank ATM or pay the fee.

Monthly Fee $3.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

2.5
SmartAsset Average: 3.7

Country Bank is a brick-and-mortar bank, with six total branches in New York. It also offers access to mobile and web apps for a straightforward mobile-banking experience. Country Bank's mobile app allows you to control your funds by reviewing account balances, transferring money and accessing support representatives. Country Bank receives an outstanding consumer satisfaction score based on comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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

4.8
SmartAsset Average: 4.8

Country Bank ranks as a medium-size bank with $686 million in assets as well as $573 million in deposits. Its Texas Ratio is 5.40%, signifying a small possibility of failure. Additionally, Country Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

5.4%
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 Country Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $2500
Checking Account 0.25% APY $2500
Certificates of Deposit
  • 12 Month: 2.00% APY
  • 24 Month: 2.50% APY
  • 36 Month: 3.00% APY
  • 48 Month: 3.15% APY
  • 60 Month: 3.25% APY
$1000 for all terms
Money Market Accounts 0.5% APY 0.5% APY $10000 $15000

Country Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Country 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. Country Bank's CD rates are fair in comparison to the national average.

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Find a Country Bank Near Me

Country Bank has six physical locations across the U.S.

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