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Cross County Savings Bank Review

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Cross County Savings Bank Savings
0.30% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1888, Cross County Savings Bank has assets totaling $392 million along with $340 million in deposits, making the institution a small bank. Cross County Savings Bank, whose headquarters are in Middle Village, New York, lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With a score of 4.4 stars out of 5, Cross County Savings Bank should be solidly in contention for your choice of bank. Cross County Savings Bank provides customers with a varied choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Cross County Savings Bank has a fair savings rate compared to the average savings account. Using a bank with no-fee checking, in addition to a high savings APY is the best bet for returning the most income from your deposits while having easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

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

Rates

4.4
SmartAsset Average: 3.5

With a savings rate of 0.30%, Cross County Savings Bank ranks poorly as compared against the national average. Cross County Savings Bank's one-year CD earns at a rate of 2.00% and the five-year CD earns at a rate of 3.25%, while its highest-yielding money market account has an APY of 0.50%. Given Cross County Savings Bank's below average savings rate, you should consider looking elsewhere to open savings accounts.

How Cross County Savings Bank's Savings Rates Compare

Cross County Savings Bank Savings 0.30 National Average 0.26 Compare Offers
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Fees

3.7
SmartAsset Average: 4.4

Cross County Savings Bank charges customers above-average fees as compared against the national average. For those who often withdraw money from the ATM, it is not great because it has an out-of-network ATM fee of $2.50, which is less than ideal compared to other U.S. banks. Also, at $34.00, its overdraft fee is significantly lower than the national average overdraft fee. Cross County Savings Bank doesn't reimburse out-of-network ATM charges, meaning you'll have to locate a Cross County Savings Bank ATM or pay the withdrawal fee.

Monthly Fee N/A National Average: $3.21
Non-network ATM Fee $2.50 National Average: $1.20
Overdraft Fee $34.00 National Average: $35.00
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Service Quality

4.5
SmartAsset Average: 3.7

Cross County Savings Bank is a brick-and-mortar bank, with six total bank locations in New York. With mobile and web apps, Cross County Savings Bank makes mobile banking straightforward, even on the go. Cross County Savings Bank's online and mobile banking platforms get great ratings from users. The Cross County Savings Bank mobile app has been given a 5.0 out of 5 (with 31 reviews on Apple and Android) compared to the national average of 3.8. Cross County Savings Bank's mobile app lets you control your bank accounts by checking current statements, sending and receiving funds as well as reaching support representatives. Cross County Savings Bank gets a superb consumer satisfaction rating based on relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 5.0/5
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

Cross County Savings Bank is a small bank owning $392 million in assets and deposits totaling $340 million. Cross County Savings Bank's Texas Ratio is 4.80%, denoting a negligible chance of failure. Additionally, Cross County 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

4.8%
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 Cross County Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.3% APY $1
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 2.00% APY
  • 24 Month: 2.50% APY
  • 36 Month: 2.10% APY
  • 48 Month: 2.15% APY
  • 60 Month: 3.25% APY
$500 for all terms
Money Market Account 0.5% APY $10001

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

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Find a Cross County Savings Bank Near Me

Cross County Savings Bank has six physical locations across the U.S.

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