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Florida Community Bank (FL) Review

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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
Florida Community Bank Savings
0.15% APY

Overview

Our Rating: 4.1/5 How we calculated this rating

Started in 2010, Florida Community Bank has $10 billion in assets along with $9 billion in deposits, ranking the institution as a large bank. Florida Community Bank, whose headquarters are in Weston, Florida, does not have the same customer service perks that others do. It is a traditional brick-and-mortar bank, which means easier access to service representatives at a physical location, in addition to its online and mobile apps. Our team rated Florida Community Bank a 4.1 out of 5 stars, Florida Community Bank should be solidly in contention for your choice of bank. 

Florida Community Bank offers a full suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. The bank's standard checking product carries a $4.00 monthly fee, which is not too bad in comparison to the national average. Using the same bank for checking and savings can be ideal when you want to get the largest interest rates on your income while maintaining easy access to your funds.

Service Quality

Florida Community Bank is a brick-and-mortar bank, with 54 total bank locations in Florida. It also offers access to mobile and web apps for straightforward access and banking on the go.  

Florida Community Bank's online and mobile banking services get fairly decent ratings from users: out of 120 customer reviews on both iOS and Android platforms, the Florida Community Bank mobile app has an overall rating of 3.2 out of 5 (compared to the national average of 3.8). You can use Florida Community Bank's app to manage your accounts by checking monthly statements, transferring funds and accessing support representatives. Florida Community Bank gets a superb consumer satisfaction score due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Accounts Compare Offers
  • 0.15% APY
$50
Certificates of Deposit Compare Offers
  • 12 Month: 0.65% APY
  • 24 Month: 1.00% APY
$1,000 for all tiers
Money Market Accounts Compare Offers
  • 10K tier: 0.05% APY
  • $10,000
Checking Accounts Compare Offers
  • 0.05% APY
$1,000

Florida Community Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs, meaning you have many options to manage your money. It does not have the best savings rate, which means you should consider taking a look elsewhere for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Florida Community Bank's CD rates are competitive in comparison to the average U.S. bank. 

Rates

Florida Community Bank has a savings rate of 0.15%, which is fair in comparison to the average U.S. bank. Its CDs feature a rate of 0.65% and 0.45% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.05%. It has a fair savings rate compared to the average savings account. Consider higher earning savings accounts with other banks.

Compare Florida Community Bank to Other Competitive Offers

Fees

On average, Florida Community Bank charges customers low fees compared to the national average. At $4.00/month, Florida Community Bank is not ideal for those who want a basic banking experience. For those who often frequent the ATM, it is ideal because it has no ATM fees. 

Financial Health

Florida Community Bank is currently a large bank with $10 billion in assets and $9 billion in deposits. Its Texas Ratio is 2.92%, suggesting that the bank is in superb financial well-being and very unlikely to fail. Additionally, Florida Community Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a Florida Community Bank Near Me

Florida Community Bank has 54 physical branches in the U.S.

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