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County 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
County Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1990, County Bank has $356 million in assets along with deposits totaling $308 million, ranking the institution as a small bank. County Bank, whose headquarters are in Rehoboth Beach, Delaware, lacks premium access to customer service, 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 offerings. On the whole, County Bank is a great choice and should warrant serious consideration, with a score of 4.3 stars out of 5 from our team. County Bank has the complete selection of product offerings, which include 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, the bank's most basic checking account does not carry a monthly maintenance charge. Finding an institution with free checking and a high interest rate savings account is the best bet for gaining the highest income from your deposits while maintaining easy 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

3.1
SmartAsset Average: 3.5

County Bank has a savings rate of 0.10%, which is fair in comparison to the average U.S. bank. County Bank's one-year CD earns at a rate of 0.80% and the five-year CD has a rate of 2.16%, while its highest-yielding money market account earns at an APY of 0.10%. Given its below average savings rate, you should consider taking a look at other banks for savings accounts.

How County Bank's Savings Rates Compare

County Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

4.7
SmartAsset Average: 4.4

County Bank has generally extremely low fees in comparison to the national average. With no monthly fee, County Bank's checking account is ideal for those who need an easy checking account. For those who often visit the ATM, County Bank is perfect because it charges no out-of-network ATM fees. Also, at $35.00, its overdraft fee is lower than the average overdraft fee charged by U.S. banks. County Bank doesn't reimburse out-of-network ATM charges, which means you will be required to search for a County Bank ATM or accept the fee.

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

4.3
SmartAsset Average: 3.7

County Bank is a brick-and-mortar bank, with seven total bank locations in Delaware. It also offers access to mobile and web apps for easy access and banking on the go. County Bank's online and mobile banking platforms receive high marks from customers. The County Bank mobile app has an overall rating of 4.7 out of 5 (with 59 reviews on iOS and Android) compared to the national average of 3.8. You can use County Bank's mobile app to control your accounts by checking current statements, transferring money and reaching support representatives. County Bank receives a superb consumer satisfaction rating based on relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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

4.9
SmartAsset Average: 4.8

County Bank is currently a small bank and handles $356 million in assets as well as $308 million in deposits. Its Texas Ratio is 3.42%, suggesting that the bank is in outstanding financial well-being and unlikely to fail. Additionally, 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

3.42%
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 County Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.1% APY $1500
Certificates of Deposit
  • 12 Month: 0.80% APY
  • 24 Month: 2.01% APY
  • 36 Month: 2.06% APY
  • 48 Month: 2.11% APY
  • 60 Month: 2.16% APY
$500 for all terms
Money Market Accounts 0.1% APY 0.1% APY $10000 $15000

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. County Bank does not have the best savings rate, which means you should think about 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. County Bank's CD rates are fair as compared against the national average.

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Find a County Bank Near Me

County Bank has seven locations in the U.S.

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