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Cross Keys Bank Review

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Cross Keys Bank Savings
0.52% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1902, Cross Keys Bank has assets totaling $354 million along with $269 million in deposits, ranking the institution as 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 conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a superb 4.7 stars out of 5, Cross Keys Bank proves it is a superb bank that you should seriously consider. Cross Keys Bank offers a complete array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. Cross Keys Bank has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, the bank's most basic checking account does not carry a monthly maintenance fee. Finding an institution with free checking, in addition to a high savings APY is your best bet for returning the highest income on your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.7/5
National Average: 4.1

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

Rates

4.7
SmartAsset Average: 3.5

With a savings rate of 0.52%, Cross Keys Bank ranks poorly compared to other U.S. banks. Cross Keys Bank's one-year CD has a rate of 1.68% and the five-year CD has a rate of 2.43%, while its highest-yielding money market account has a rate of 1.21%. Given Cross Keys Bank's poor savings rate, you should consider choosing another bank to earn more on your deposits.

How Cross Keys Bank's Savings Rates Compare

Cross Keys Bank Savings 0.52 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Cross Keys Bank has typically extremely low fees in comparison to the average U.S. bank. Its checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. Cross Keys Bank doesn't refund out-of-network ATM charges, which means you'll need to find a Cross Keys Bank ATM or pay the withdrawal 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

4.3
SmartAsset Average: 3.7

Cross Keys Bank is a brick-and-mortar bank, with nine total branches in Louisiana. With mobile and web apps, Cross Keys Bank makes account access convenient, even on the go. Cross Keys Bank's online and mobile banking services get great feedback from customers. With 88 customer reviews on iOS and Android platforms, the Cross Keys Bank mobile app rates a 4.7 out of 5 (compared to the national average of 3.8). Cross Keys Bank's mobile app allows you to manage your accounts by monitoring current statements, sending and receiving money and reaching customer service. Cross Keys Bank gets a superb consumer satisfaction rating due to comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial 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

4.6
SmartAsset Average: 4.8

Cross Keys Bank is currently a small bank with assets totaling $354 million and $269 million in deposits. Cross Keys Bank has a strong Texas Ratio of 9.81%, signifying a small 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

9.81%
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 Keys Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.52% APY $1
Checking Account 0.65% APY $1
Certificates of Deposit
  • 12 Month: 1.68% APY
  • 24 Month: 1.84% APY
  • 36 Month: 2.12% APY
  • 60 Month: 2.43% APY
$2500 for all terms
Money Market Account 0.9% APY $10000

Cross Keys Bank offers several deposit products like 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 as compared against the national average.

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Find a Cross Keys Bank Near Me

Cross Keys Bank has nine physical branches across the U.S.

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