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Jersey Shore State Bank Review

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Jersey Shore State Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1934, Jersey Shore State Bank has assets totaling $1 billion and $810 million in deposits, making the institution a medium-size bank. Jersey Shore State Bank, whose headquarters are in Williamsport, Pennsylvania, 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 access to service representatives at a physical location, in addition to its online and mobile offerings. With a commendable 4 out of 5 stars, Jersey Shore State Bank proves it is a respectable bank that gets the job done. Jersey Shore State Bank has a variety of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Jersey Shore State Bank's standard checking does not have a monthly fee. Locating a bank with free checking, in addition to a high interest rate savings account is the best bet for accruing the most income from your deposits alongside convenient access to your money.

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

2.8
SmartAsset Average: 3.5

Jersey Shore State Bank features a savings rate of 0.10%, which is fair compared to other U.S. banks. Its one-year CD earns at a rate of 0.10% and the five-year CD has a rate of 1.00%, while its highest-yielding money market account has an APY of 0.05%. Given Jersey Shore State Bank's below average savings rate, you should consider looking elsewhere to open savings accounts.

How Jersey Shore State Bank's Savings Rates Compare

Jersey Shore State Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Jersey Shore State Bank has typically extremely low fees in comparison to the national average. With no monthly fee, Jersey Shore State Bank is ideal for those who want a basic checking account. Jersey Shore State Bank does not reimburse out-of-network ATM fees, meaning you will have to find a Jersey Shore State Bank ATM or accept the withdrawal fee.

Monthly Fee $0 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

3.4
SmartAsset Average: 3.7

Jersey Shore State Bank is a brick-and-mortar bank, with 19 total bank locations in Pennsylvania. It also offers access to mobile and web apps for a straightforward mobile-banking experience. Jersey Shore State Bank gets unsatisfactory feedback from users for its mobile platform. The Jersey Shore State Bank mobile app has been given a 2.9 out of 5 (out of 15 reviews on Apple and Android) compared to the national average of 3.8. You can use Jersey Shore State Bank's app to control your finances by monitoring account balances, sending and receiving funds and accessing customer service. Jersey Shore State Bank gets a superb consumer satisfaction rating due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 2.9/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

Jersey Shore State Bank is currently a medium-size bank with $1 billion in assets as well as deposits totaling $810 million. Jersey Shore State Bank has an excellent Texas Ratio of 3.43%, indicating that Jersey Shore State Bank is in outstanding financial well-being and far from failure. Additionally, Jersey Shore State Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

3.43%
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 Jersey Shore State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $5
Checking Account 0.02% APY $1
Certificates of Deposit
  • 12 Month: 0.10% APY
  • 24 Month: 0.15% APY
  • 36 Month: 0.35% APY
  • 48 Month: 1.00% APY
  • 60 Month: 1.00% APY
$5000 for all terms
Money Market Accounts 0.05% APY 0.05% APY $10000 $15000

Jersey Shore State 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. Jersey Shore State Bank does not have the best savings rate, which means you should consider looking 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. Jersey Shore State Bank's CD rates are fair compared to other U.S. banks.

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Find a Jersey Shore State Bank Near Me

Jersey Shore State Bank has 19 branches in the U.S.

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