Loading
Tap on the profile icon to edit
your financial details.

Fairfield County Bank Review

Your Details Done
by Updated
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Fairfield County Bank Savings
0.03% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

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.

How We Rated It

SmartAsset's Overall Rating

3.5/5
National Average: 4.1

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

Rates

2.8
SmartAsset Average: 3.5

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 Savings 0.03 National Average 0.26 Compare Offers
Back to Overview

Fees

2.6
SmartAsset Average: 4.4

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.

Monthly Fee $8.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

3.6
SmartAsset Average: 3.7

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.

Overall Mobile Rating 3.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.8
SmartAsset Average: 4.8

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

4.49%
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.

Back to Overview

Compare Fairfield County Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.03% APY $2500
Checking Account 0.05% APY $1000
Certificates of Deposit
  • 12 Month: 0.20% APY
  • 24 Month: 0.50% APY
  • 36 Month: 0.80% APY
  • 48 Month: 1.05% APY
  • 60 Month: 1.40% APY
$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
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure