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Embassy Bank for the Lehigh Valley Review

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Embassy Bank for the Lehigh Valley Savings
0.50% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Embassy Bank for the Lehigh Valley first started operating in 2001 and is headquartered in Bethlehem, Pennsylvania. Embassy Bank for the Lehigh Valley has assets of $997 million along with $901 million in deposits, ranking it as a medium-size bank. Embassy Bank for the Lehigh Valley lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a score of 4.5 stars out of 5, Embassy Bank for the Lehigh Valley should be solidly in contention for your choice of bank. Embassy Bank for the Lehigh Valley offers a full array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Embassy Bank for the Lehigh Valley offers an option without a maintenance or monthly fee. Finding a bank with free checking, in addition to a high interest rate savings account is the best option for accruing the most income from your deposits alongside easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.5/5
National Average: 4.1

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

Rates

3.8
SmartAsset Average: 3.5

Embassy Bank for the Lehigh Valley has a savings rate of 0.50%, which is fair in comparison to the average U.S. bank. Embassy Bank for the Lehigh Valley's one-year CD earns at a rate of 0.40% and the five-year CD has a rate of 2.30%, while its highest-yielding money market account has a rate of 0.05%. Given its poor savings rate, you should think about looking at the competition to open savings accounts.

How Embassy Bank for the Lehigh Valley's Savings Rates Compare

Embassy Bank for the Lehigh Valley Savings 0.50 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Embassy Bank for the Lehigh Valley charges customers extremely low fees compared to the average U.S. bank. With no monthly fee, Embassy Bank for the Lehigh Valley is ideal for those who want a basic banking experience. For those who frequently visit the ATM, Embassy Bank for the Lehigh Valley is perfect because it charges no out-of-network ATM fees. Embassy Bank for the Lehigh Valley doesn't refund out-of-network ATM fees, which means you'll have to search for an Embassy Bank for the Lehigh Valley ATM or accept the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

4.2
SmartAsset Average: 3.7

Embassy Bank for the Lehigh Valley is a brick-and-mortar bank, with eight total bank locations in Pennsylvania. It also offers access to mobile and web apps for easy access and banking on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Thursday, 9:00 a.m. to 5:00 p.m. ET; Friday, 9:00 a.m. to 6:00 p.m. ET; Saturday, and 9:00 a.m. to 12:00 p.m. ET. Embassy Bank for the Lehigh Valley gets reasonably high praise from customers for its mobile platform. The Embassy Bank for the Lehigh Valley mobile app has an overall rating of 4.4 out of 5 (out of 16 reviews on iOS and Android) compared to the national average of 3.8. You can access Embassy Bank for the Lehigh Valley's app to manage your bank accounts by looking at account balances, transferring funds as well as accessing customer service. Embassy Bank for the Lehigh Valley gets an exceptional consumer satisfaction score based on relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.4/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

Embassy Bank for the Lehigh Valley is a medium-size bank and owns assets totaling $997 million as well as deposits totaling $901 million. Its Texas Ratio is 1.44%, denoting a minute possibility of failure. Additionally, Embassy Bank for the Lehigh Valley 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.

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Compare Embassy Bank for the Lehigh Valley to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.5% APY $1
Checking Account 0.02% APY $1
Certificates of Deposit
  • 12 Month: 0.40% APY
  • 24 Month: 1.30% APY
  • 36 Month: 1.65% APY
  • 48 Month: 1.70% APY
  • 60 Month: 2.30% APY
$500 for all terms
Money Market Accounts 0.05% APY 0.05% APY $10000 $15000

Embassy Bank for the Lehigh Valley has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Embassy Bank for the Lehigh Valley 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. Embassy Bank for the Lehigh Valley's CD rates are fair in comparison to the national average.

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Find a Embassy Bank for the Lehigh Valley Near Me

Embassy Bank for the Lehigh Valley has eight locations across the U.S.

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