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Metro Bank Review

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Metro Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 1989, Metro Bank has $726 million in assets and deposits totaling $621 million, classifying it as a medium-size bank. Metro Bank, whose headquarters are in Pell City, Alabama, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. At a SmartAsset rating of 3.5 out of 5 stars, Metro Bank should be more closely inspected to see if its features satisfy your needs. Metro Bank provides customers with the complete package of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Metro Bank has a fair savings rate compared to the average savings account. The bank's standard checking product carries a monthly fee of $6.00, making it a rather costly bank for checking. Using a bank with free checking as well as a high savings APY is the best bet for getting the most income from your deposits while having easy 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

With a savings rate of 0.25%, Metro Bank ranks poorly in comparison to the national average. Metro Bank's one-year and five-year term lengths CDs earn at a rate of 0.75% and 1.50%, respectively, while its highest-yielding money market account earns at a rate of 0.03%. Given Metro Bank's poor savings rate, you should think about other options to earn more on your deposits.

How Metro Bank's Savings Rates Compare

Metro Bank Savings 0.25 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, Metro Bank charges its customers high fees in comparison to other U.S. banks. Its checking account has a monthly fee of $6.00, which makes it fair for anyone looking for a hassle-free account. Additionally, Metro Bank has an overdraft fee of $30.00, which is significantly lower than the average overdraft fee charged by U.S. banks. Metro Bank unfortunately doesn't reimburse out-of-network ATM charges, which means you will need to search for a Metro Bank ATM or eat the fee.

Monthly Fee $6.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $30.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Metro Bank is a brick-and-mortar bank, with nine total bank locations in Alabama. It also offers access to a web app, for a simple online-banking experience. Metro Bank gets an excellent consumer satisfaction rating based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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

SmartAsset Average: 4.8

Metro Bank is a medium-size bank and has assets totaling $726 million as well as $621 million in deposits. Its Texas Ratio is 14.42%, suggesting that Metro Bank is in fine financial well-being and unlikely to fail. Additionally, Metro 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 Metro Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $100
Checking Account 0.1% APY $1000
Certificates of Deposit
  • 12 Month: 0.75% APY
  • 24 Month: 1.00% APY
  • 36 Month: 1.25% APY
  • 48 Month: 1.50% APY
  • 60 Month: 1.50% APY
$500 for all terms
Money Market Account 0.025% APY $10000

Metro Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Metro Bank does not have the best savings rate, which means you should think about 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. Metro Bank's CD rates are fair in comparison to the national average.

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Find a Metro Bank Near Me

Metro Bank has nine branches in the U.S.

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