Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Metropolitan Commercial Bank Review

Your Details Done
by Updated
Metropolitan Commercial Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Metropolitan Commercial Bank first started operating in 1999 and is headquartered in New York, New York. It owns assets of $2 billion along with $1 billion in deposits, which makes it a large bank. Metropolitan Commercial 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. On the whole, Metropolitan Commercial Bank is a respectable bank that deserves your consideration, with a rating of 4.1 stars out of 5 from the SmartAsset team. Metropolitan Commercial Bank has a varied choice of product offerings, which include savings accounts, checking accounts, money market accounts and CDs. Metropolitan Commercial Bank has a fair savings rate compared to the average savings account. The bank's standard checking product carries a monthly fee of $3.00, which is acceptable in comparison to the national average. Locating an institution with no-fee checking as well as a high interest rate savings account is your best option for getting the most income on your deposits alongside convenient access to your funds.

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 0.20%, Metropolitan Commercial Bank ranks poorly in comparison to the national average. Its one-year CD earns at a rate of 0.60% and the five-year CD earns at a rate of 1.25%, while its highest-yielding money market account has a rate of 0.16%. Given Metropolitan Commercial Bank's below average savings rate, you should consider other options to earn more on your deposits.

How Metropolitan Commercial Bank's Savings Rates Compare

Metropolitan Commercial Bank Savings 0.20 National Average 0.26 Compare Offers
Back to Overview


SmartAsset Average: 4.4

Metropolitan Commercial Bank has typically high fees compared to the average U.S. bank. At $3.00 per month, Metropolitan Commercial Bank's checking account is not the best option for people who need an easy checking account. Metropolitan Commercial Bank does not reimburse out-of-network ATM charges, meaning you will have to locate a Metropolitan Commercial Bank ATM or eat the withdrawal 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
Back to Overview

Service Quality

SmartAsset Average: 3.7

Metropolitan Commercial Bank is a brick-and-mortar bank, with seven total bank locations in New York. With mobile and web apps, Metropolitan Commercial Bank makes account access convenient, even on the go. Metropolitan Commercial Bank receives high marks from users for its mobile platform. Out of 9 customer reviews across iOS and Android platforms, the Metropolitan Commercial Bank mobile app has an overall rating of 4.9 out of 5 (compared to the national average of 3.8). Metropolitan Commercial Bank's mobile app allows you to control your accounts by looking at current statements, transferring funds as well as reaching customer service. Metropolitan Commercial Bank gets a superb consumer satisfaction rating due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.9/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

SmartAsset Average: 4.8

Metropolitan Commercial Bank is currently a large bank and manages assets totaling $2 billion and deposits totaling $1 billion. Metropolitan Commercial Bank's Texas Ratio is 1.17%, suggesting that Metropolitan Commercial Bank is in outstanding financial shape and unlikely to fail. Additionally, Metropolitan Commercial 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 Metropolitan Commercial Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $1000
Checking Account 0.2% APY $1000
Certificates of Deposit
  • 12 Month: 0.60% APY
  • 24 Month: 0.75% APY
  • 36 Month: 0.91% APY
  • 48 Month: 0.95% APY
  • 60 Month: 1.25% APY
$1000 for all terms
Money Market Account 0.16% APY $1000

Metropolitan Commercial Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Metropolitan Commercial 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. Metropolitan Commercial Bank's CD rates are fair compared to other U.S. banks.

Back to Overview

Find a Metropolitan Commercial Bank Near Me

Metropolitan Commercial Bank has seven locations in the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure