First County Bank started in 1851 and has its headquarters in Stamford, Connecticut. It has assets of $2 billion along with deposits totaling $1 billion, making it a large bank. First County Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional 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 3.9 out of 5 stars, First County Bank should be near the middle of the pack in your search for a bank. First County Bank provides customers with a full array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. First County Bank has a fair savings rate compared to the average savings account. The bank's standard checking account carries a $6.00 monthly fee, which places it at the higher end of monthly fees. Using an institution with no-fee checking, in addition to a high interest rate savings account is the best option for accruing the most income on 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
With a savings rate of 0.03%, First County Bank ranks poorly in comparison to other U.S. banks. Its one-year CD earns at a rate of 0.25% and the five-year CD earns at a rate of 1.25%, while its highest-yielding money market account earns at a rate of 0.15%. Given First County Bank's noncompetitive savings rate, you should consider other options to earn more on your deposits.
How First County Bank's Savings Rates Compare
On average, First County Bank charges customers average fees in comparison to the average U.S. bank. First County Bank's checking account has a monthly fee of $6.00, making it fair for anyone looking for a simple account. For those who visit the ATM often, it is perfect because it charges no out-of-network ATM fees. Additionally, First County Bank has an overdraft fee of $34.00, which is lower than the average overdraft fee charged by U.S. banks. First County Bank unfortunately does not reimburse out-of-network ATM fees, meaning you'll need to find a First County Bank ATM or pay the withdrawal fee.
First County Bank is a brick-and-mortar bank, with 19 total branches in Connecticut. With mobile and web apps, First County Bank makes mobile banking easy, even on the go. It does not offer all-day customer service with representatives. You can get help during its hours, which are Monday through Friday and 8:30 a.m. to 4:30 p.m. ET. First County Bank's online and mobile banking platforms get relatively high marks from customers. The First County Bank mobile app rates a 4.2 out of 5 (with 16 ratings on Apple and Android) compared to the national average of 3.8. You can use First County Bank's app to control your bank accounts by monitoring account balances, transferring money as well as reaching support representatives. First County Bank gets a superb consumer satisfaction score based on relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
First County Bank is a large bank with $2 billion in assets as well as $1 billion in deposits. Its Texas Ratio is 6.80%, indicating that First County Bank is in fine financial health and far from failure. Additionally, First 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 First County Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.03% APY||$200|
|Checking Account||0.02% APY||$1|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.05% APY 0.15% APY||$10000 $15000|
First County 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. First County Bank does not have the best savings rate, which means you should think about 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. First County Bank's CD rates are fair compared to the average U.S. bank.Back to Overview
Find a First County Bank Near Me
First County Bank has 19 locations in the U.S.Back to Overview