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Kentucky Bank Review

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Kentucky Bank Savings
0.04% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Kentucky Bank first started operating in 1915 with its headquarters in Paris, Kentucky. It owns assets of $1 billion as well as $819 million in deposits, making it a medium-size bank. Kentucky 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 offerings. With a score of 3.9 out of 5 stars, Kentucky Bank should be near the middle of the pack in your search for a bank. Kentucky Bank provides customers with a complete array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. Kentucky Bank has a fair savings rate; other popular banks have higher rates. The bank's standard checking account features a $4.00 monthly fee, although banks sometimes have requirements that allow you to waive the fee. Institutions that offer no-fee checking as well as a high savings APY are your best bet for accruing the most income from your deposits while maintaining convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

Kentucky Bank has a savings rate of 0.04%, which is poor compared to the average U.S. bank. Its one-year and five-year term lengths CDs earn at a rate of 0.77% and 1.60%, respectively, while its highest-yielding money market account has an APY of 0.07%. Given its noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How Kentucky Bank's Savings Rates Compare

Kentucky Bank Savings 0.04 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Kentucky Bank has typically high fees in comparison to the national average. Kentucky Bank's checking account has a monthly fee of $4.00, making it fair for anyone looking for a hassle-free account. Kentucky Bank does not refund out-of-network ATM fees, which means you'll be required to search for a Kentucky Bank ATM or accept the fee.

Monthly Fee $4.00 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

SmartAsset Average: 3.7

Kentucky Bank is a brick-and-mortar bank, with 17 total branches in Kentucky. It also offers access to mobile and web apps for straightforward access and banking on the go. It does not offer all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Thursday, 8:00 a.m. to 5:00 p.m. ET; Friday, 8:00 a.m. to 6:00 p.m. ET; Saturday, and 8:00 a.m. to 12:00 p.m. ET. Kentucky Bank gets fair feedback from users for its mobile banking services. With 120 ratings across iOS and Android platforms, the Kentucky Bank mobile app has an overall rating of 3.8 out of 5 (compared to the national average of 3.8). You can access Kentucky Bank's mobile app to manage your bank accounts by checking account balances, sending and receiving funds and reaching customer service. Kentucky Bank receives a superb consumer satisfaction rating due to comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Kentucky Bank is a medium-size bank owning assets totaling $1 billion as well as $819 million in deposits. Kentucky Bank's Texas Ratio is 3.39%, denoting that the bank is in superb financial shape and unlikely to fail. Additionally, Kentucky Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 Kentucky Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.04% APY $50
Checking Account 0.03% APY $5000
Certificates of Deposit
  • 12 Month: 0.77% APY
  • 24 Month: 0.90% APY
  • 36 Month: 1.15% APY
  • 48 Month: 1.22% APY
  • 60 Month: 1.60% APY
$2500 for all terms
Money Market Account 0.07% APY $10000

Kentucky Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Kentucky Bank does not have the best savings rate, which means you should think about 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. Kentucky Bank's CD rates are fair as compared against the national average.

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Find a Kentucky Bank Near Me

Kentucky Bank has 17 physical locations across the U.S.

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