Countybank first started operating in 1933 with its headquarters in Greenwood, South Carolina. Countybank owns $403 million in assets along with deposits totaling $321 million, making it a small bank. Countybank has above-average customer service access with a live chat feature, great for getting help during the work week. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Overall, Countybank is a good bank that deserves your consideration, with a score of 4.1 stars out of 5 from our team. Countybank offers a full choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Countybank has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Countybank's standard checking account does not have a monthly fee. Locating a checking account with no monthly fee as well as a savings account with a high APY at the same bank is your best bet for returning the most income from your deposits while having convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.03%, Countybank ranks poorly as compared against the national average. Its one-year and five-year term lengths CDs earn at a rate of 0.10% and 0.92%, respectively, while its highest-yielding money market account earns at a rate of 0.01%. Given Countybank's poor savings rate, you should consider looking at the competition to open savings accounts.
How Countybank's Savings Rates Compare
Countybank generally has extremely low fees in comparison to the national average. With no monthly fee, Countybank is perfect for those who want a simple banking experience. Countybank doesn't reimburse out-of-network ATM fees, meaning you will be required to find a Countybank ATM or accept the fee.
Countybank is a brick-and-mortar bank, with 12 total branches in South Carolina. With mobile and web apps, Countybank makes account access straightforward, even on the go. Additionally, Countybank offers a live chat feature, key for getting quick access to customer service. Countybank gets moderate reviews from customers for its online presence. The Countybank mobile app is rated at 3.9 out of 5 (with 50 reviews on Apple and Android) compared to the national average of 3.8. You can utilize Countybank's app to manage your funds by monitoring current statements, transferring funds as well as accessing support representatives. Countybank receives a superb consumer satisfaction rating based on relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
Countybank is currently a small bank owning $403 million in assets as well as $321 million in deposits. It has a strong Texas Ratio of 10.98%, suggesting that Countybank is in good financial condition and improbable to fail. Additionally, Countybank 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 Countybank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.03% APY||$200|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Account||0.01% APY||$25000|
Countybank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Countybank 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. Countybank's CD rates are fair compared to other U.S. banks.Back to Overview
Find a Countybank Near Me
Countybank has 12 physical locations in the U.S.Back to Overview