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JD Bank 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
JD Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

JD Bank was founded in 1947 and its headquarters are located in Jennings, Louisiana. JD Bank owns $870 million in assets and $735 million in deposits, which makes it a medium-size bank. JD 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 in-person service, in addition to its online and mobile offerings. At a SmartAsset rating of 4 out of 5 stars, JD Bank should be near the middle of the pack in your search for a bank. JD Bank offers an array product offerings, including savings accounts, checking 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 features a monthly fee of $3.00, which is acceptable in comparison to the average U.S. bank. Using a bank with free checking and a high savings APY is the best bet for gaining the highest income from your deposits while having easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.0/5
National Average: 4.1

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

Rates

3.4
SmartAsset Average: 3.5

With a savings rate of 0.05%, JD Bank ranks poorly in comparison to other U.S. banks. Its one-year CD earns at a rate of 1.16%, while its highest-yielding money market account earns at an APY of 0.05%. Given its below average savings rate, you should consider other options to earn more on your deposits.

How JD Bank's Savings Rates Compare

JD Bank Savings 0.05 National Average 0.26 Compare Offers
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Fees

3.8
SmartAsset Average: 4.4

JD Bank typically has above-average fees compared to the average U.S. bank. Its checking account has a monthly fee of $3.00, which makes it slightly worse for anyone looking for a simple account. JD Bank unfortunately doesn't refund out-of-network ATM charges, meaning you will have to locate a JD Bank ATM or pay the fee.

Monthly Fee $3.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

4.0
SmartAsset Average: 3.7

JD Bank is a brick-and-mortar bank, with 25 total branches in Louisiana. It also offers access to mobile and web apps for straightforward access and banking on the go. JD Bank receives relatively high marks from customers for its mobile banking services. With 140 ratings across both iOS and Android platforms, the JD Bank mobile app rates a 4.1 out of 5 (compared to the national average of 3.8). JD Bank's mobile app allows you to control your bank accounts by reviewing account balances, sending and receiving money and accessing customer service. JD Bank gets an outstanding consumer satisfaction rating due to comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.7
SmartAsset Average: 4.8

JD Bank ranks as a medium-size bank with $870 million in assets and $735 million in deposits. JD Bank has a strong Texas Ratio of 7.27%, signifying that JD Bank is in good financial well-being and far from failure. Additionally, JD Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

7.27%
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.

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Compare JD Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $200
Checking Account 0.05% APY $1000
Certificates of Deposit
  • 12 Month: 1.16% APY
  • 24 Month: 1.87% APY
  • 36 Month: 2.02% APY
  • 48 Month: 2.53% APY
$10000 for all terms
Money Market Accounts 0.05% APY 0.05% APY $10000 $15000

JD Bank has several deposit products including savings accounts, checking accounts and CDs to give you many options to manage your money. JD 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. JD Bank's CD rates are fair in comparison to the national average.

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Find a JD Bank Near Me

JD Bank has 25 physical branches in the U.S.

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