Started in 1902, Cross Keys Bank has assets totaling $354 million along with deposits totaling $269 million, which makes the institution a small bank. Cross Keys Bank, whose headquarters are in Saint Joseph, Louisiana, 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. At a SmartAsset rating of 4.7 out of 5 stars, Cross Keys Bank should be near the top of your list for your bank search. Cross Keys Bank has a full array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Cross Keys Bank's most basic checking account does not have a monthly charge. Using an institution with free checking and a high interest rate savings account is the best bet for accruing the most income from your deposits while having easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.52%, Cross Keys Bank ranks poorly in comparison to the average U.S. bank. Its CD rates are 1.92% and 2.43% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 1.26%. Given its below average savings rate, you should consider looking at the competition to open savings accounts.
How Cross Keys Bank's Savings Rates Compare
Cross Keys Bank charges customers extremely low fees compared to the average U.S. bank. With no monthly fee, Cross Keys Bank is ideal for people who want a simple checking account. Cross Keys Bank doesn't reimburse out-of-network ATM charges, meaning you will have to search for a Cross Keys Bank ATM or eat the fee.
Cross Keys Bank is a brick-and-mortar bank, with nine total branches in Louisiana. It also offers access to mobile and web apps for an easy mobile-banking experience. Cross Keys Bank's online and mobile banking services receive great ratings from users. The Cross Keys Bank mobile app rates a 4.7 out of 5 (out of 88 ratings on iOS and Android) compared to the national average of 3.8. You can use Cross Keys Bank's mobile app to control your finances by looking at account balances, transferring funds as well as reaching customer service. Cross Keys Bank receives a superb consumer satisfaction rating based on relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
Cross Keys Bank ranks as a small bank owning assets totaling $354 million as well as $269 million in deposits. Cross Keys Bank has a strong Texas Ratio of 9.81%, signifying a tiny likelihood of failure. Additionally, Cross Keys Bank 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 Cross Keys Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.52% APY||$1|
|Checking Account||0.65% APY||$1|
|Certificates of Deposit|| ||$2500 for all terms|
|Money Market Accounts||0.9% APY 1.26% APY||$10000 $15000|
Cross Keys 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. Cross Keys Bank does not have the best savings rate, which means you should consider 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. Cross Keys Bank's CD rates are fair compared to other U.S. banks.Back to Overview
Find a Cross Keys Bank Near Me
Cross Keys Bank has nine branches in the U.S.Back to Overview