Jackson County Bank started in 1900 and its headquarters are located in Seymour, Indiana. Jackson County Bank manages $511 million in assets as well as $416 million in deposits, making it a medium-size bank. Jackson 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. With a score of 4.2 stars out of 5, Jackson County Bank should be solidly in contention for your choice of bank. Jackson County Bank provides customers with numerous product offerings, including savings accounts, checking accounts, money market accounts and mortgage products. Jackson County Bank has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Jackson County Bank's most basic checking account does not carry a monthly maintenance charge. Institutions that offer free checking as well as a high savings APY are your best bet for gaining the most income from your deposits while having easy access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.05%, Jackson County Bank ranks poorly compared to other U.S. banks. Jackson County Bank's CD rates are 0.20% and 0.80% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.05%. Given its noncompetitive savings rate, you should consider choosing another bank to earn more on your deposits.
How Jackson County Bank's Savings Rates Compare
On average, Jackson County Bank charges its customers extremely low fees in comparison to the national average. Its checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Additionally, Jackson County Bank has an overdraft fee of $30.00, which is considerably less than the national average. Jackson County Bank unfortunately doesn't reimburse out-of-network ATM charges, meaning you will be required to search for a Jackson County Bank ATM or accept the ATM charge.
Jackson County Bank is a brick-and-mortar bank, with 10 total branches in Indiana. It also offers access to mobile and web apps for simple access and banking on the go. Jackson County Bank gets reasonably high praise from users for its online presence. The Jackson County Bank mobile app has an overall rating of 4.2 out of 5 (out of 29 ratings on Apple and Android) compared to the national average of 3.8. You can use Jackson County Bank's mobile app to control your accounts by reviewing monthly statements, sending and receiving money as well as accessing customer service. Jackson County Bank gets a superb consumer satisfaction rating based on relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
Jackson County Bank is currently a medium-size bank and manages assets totaling $511 million as well as $416 million in deposits. Jackson County Bank's Texas Ratio is 7.93%, indicating that Jackson County Bank is in good financial condition and improbable to fail. Additionally, Jackson 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 Jackson County Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.05% APY||$100|
|Checking Account||0.03% APY||$1000|
|Certificates of Deposit|| ||$10000 for all terms|
|Money Market Accounts||0.05% APY 0.05% APY||$10000 $15000|
Jackson County Bank has several deposit products like savings accounts, checking accounts and money market accounts to give you many options to manage your money. Jackson County Bank does not have the best savings rate, which means you should think about other options 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. Jackson County Bank's CD rates are fair compared to the average U.S. bank.Back to Overview
Find a Jackson County Bank Near Me
Jackson County Bank has 10 physical branches across the U.S.Back to Overview