Fairfield County Bank was founded in 1871 with headquarters in Ridgefield, Connecticut. It has assets of $2 billion along with $1 billion in deposits, making it a large bank. Fairfield County Bank 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 apps. We ranked the bank at a 3.5 stars out of 5, indicating that Fairfield County Bank is a decent choice, but with better options out there. Fairfield County Bank offers the complete package of banking products, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. Fairfield County Bank has a fair savings rate compared to the average savings account. The bank's standard checking account features a $8.00 monthly fee, which places it at the higher end of monthly fees. Banks that offer no-fee checking and a high interest rate savings account are your best option for accruing the most income from your deposits while maintaining easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Fairfield County Bank has a savings rate of 0.03%, which is fair in comparison to the average U.S. bank. Its one-year CD has a rate of 0.20% and the five-year CD has a rate of 1.40%, while its highest-yielding money market account has an APY of 0.05%. Given Fairfield County Bank's below average savings rate, you should think about other options to earn more on your deposits.
How Fairfield County Bank's Savings Rates Compare
Fairfield County Bank has generally high fees compared to the average U.S. bank. Its checking account has a monthly fee of $8.00, ranking it fair for anyone looking for a hassle-free account. Fairfield County Bank doesn't refund out-of-network ATM charges, which means you'll have to find a Fairfield County Bank ATM or accept the cost of withdrawal.
Fairfield County Bank is a brick-and-mortar bank, with 16 total branches in Connecticut. It also offers access to mobile and web apps for a straightforward mobile-banking experience. It does not provide access to all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Thursday, 8:00 a.m. to 5:30 p.m. ET; Friday, 8:00 a.m. to 6:00 p.m. ET; Saturday, and 8:30 a.m. to 12:30 p.m. ET. Fairfield County Bank receives unsatisfactory reviews from users for its mobile app. With 6 customer reviews across both Apple and Android platforms, the Fairfield County Bank mobile app rates a 3.3 out of 5 (compared to the national average of 3.8). Fairfield County Bank's mobile app allows you to manage your funds by monitoring account balances, sending and receiving money and accessing support representatives. Fairfield County Bank receives an outstanding consumer satisfaction rating due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
Fairfield County Bank is a large bank with assets totaling $2 billion as well as deposits totaling $1 billion. Fairfield County Bank's Texas Ratio is 4.49%, indicating that the bank is in terrific financial health and far from failure. Additionally, Fairfield County 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 Fairfield County Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.03% APY||$2500|
|Checking Account||0.05% APY||$1000|
|Certificates of Deposit|| ||$2500 for all terms|
|Money Market Accounts||0.03% APY 0.05% APY||$10000 $15000|
Fairfield County Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Fairfield County Bank 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. Fairfield County Bank's CD rates are fair as compared against the national average.Back to Overview
Find a Fairfield County Bank Near Me
Fairfield County Bank has 16 locations across the U.S.Back to Overview