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Countybank 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
Countybank Savings
0.03% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Countybank was founded in 1933 with headquarters in Greenwood, South Carolina. Countybank has $403 million in assets along with deposits totaling $321 million, classifying it as a small bank. Countybank has above-average access to customer service with a live chat feature, which is helpful for those that work during typical customer service hours. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. With a score of 4.1 stars out of 5, Countybank should be solidly in contention for your choice of bank. Countybank has the complete package of product offerings, including 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 looking for a checking account for everyday use, the bank's standard checking account does not have a monthly maintenance charge. Locating a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is the best option for returning the most income on your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

2.8
SmartAsset Average: 3.5

With a savings rate of 0.03%, Countybank ranks poorly compared to the national average. Its one-year CD has a rate of 0.10% and the five-year CD has a rate of 0.92%, while its highest-yielding money market account has an APY of 0.01%. Given its noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

How Countybank's Savings Rates Compare

Countybank Savings 0.03 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

On average, Countybank charges its customers extremely low fees compared to other U.S. banks. With no monthly fee, Countybank is perfect for those who want a basic checking account. Countybank doesn't reimburse out-of-network ATM charges, which means you will be required to find a Countybank ATM or pay the fee.

Monthly Fee $0 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

4.2
SmartAsset Average: 3.7

Countybank is a brick-and-mortar bank, with 12 total branches in South Carolina. It also offers access to mobile and web apps for an easy mobile-banking experience. Additionally, Countybank customers can access live chat for their banking questions or needs, an alternative customer service tool if you can't call in during business hours. Countybank receives moderate feedback from users for its mobile platform. With 50 customer reviews across both iOS and Android platforms, the Countybank mobile app is scored at 3.9 out of 5 (compared to the national average of 3.8). You can access Countybank's app to control your funds by monitoring monthly statements, sending and receiving money and accessing customer service. Countybank receives a superb consumer satisfaction score due to relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.9/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

4.5
SmartAsset Average: 4.8

Countybank is currently a small bank and has assets totaling $403 million as well as deposits totaling $321 million. Countybank has a strong Texas Ratio of 10.98%, denoting a small likelihood of failure. 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

10.98%
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 Countybank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.03% APY $200
Certificates of Deposit
  • 12 Month: 0.10% APY
  • 24 Month: 0.20% APY
  • 36 Month: 0.41% APY
  • 48 Month: 0.65% APY
  • 60 Month: 0.92% APY
$500 for all terms
Money Market Accounts 0.01% APY 0.01% APY $10000 $15000

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 taking a look 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 in comparison to the national average.

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Find a Countybank Near Me

Countybank has 12 physical branches in the U.S.

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