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Middletown Valley Bank Review

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

Overview

Founded in 1908, Middletown Valley Bank has $361 million in assets as well as deposits totaling $316 million, classifying the institution as a small bank. Middletown Valley Bank, whose headquarters are in Middletown, Maryland, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. SmartAsset experts rated the bank 3.4 out of 5 stars, indicating that Middletown Valley Bank is a lower-rated bank that might not serve all your needs. Middletown Valley Bank provides customers with a variety of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Middletown Valley Bank has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product has a monthly fee of $15.00, which places it at the higher end of monthly fees. Using a bank with no-fee checking and a high interest rate savings account is the best bet for gaining the highest income from your deposits while having convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.4/5
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

Middletown Valley Bank features a savings rate of 0.05%, which is fair compared to the national average. Its one-year CD earns at a rate of 0.25% and the five-year CD earns at a rate of 1.00%, while its highest-yielding money market account has an APY of 0.15%. Given its noncompetitive savings rate, you should consider other options to earn more on your deposits.

How Middletown Valley Bank's Savings Rates Compare

Middletown Valley Bank Savings 0.05 National Average 0.26 Compare Offers
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Fees

2.0
SmartAsset Average: 4.4

Middletown Valley Bank generally has high fees compared to other U.S. banks. At $15.00 per month, Middletown Valley Bank is not ideal for those who want a basic banking experience. Middletown Valley Bank does not reimburse out-of-network ATM fees, which means you'll be required to locate a Middletown Valley Bank ATM or eat the fee.

Monthly Fee $15.00 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

3.9
SmartAsset Average: 3.7

Middletown Valley Bank is a brick-and-mortar bank, with six total branches. With mobile and web apps, Middletown Valley Bank makes account access easy, even on the go. It does not have all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 8:00 a.m. to 5:00 p.m. ET; Saturday, and 9:00 a.m. tp 1:00 p.m. ET. Middletown Valley Bank's online and mobile banking services receive fair feedback from customers. The Middletown Valley Bank mobile app has an overall rating of 3.9 out of 5 (out of 9 customer reviews on Apple and Android) compared to the national average of 3.8. You can access Middletown Valley Bank's mobile app to control your accounts by looking at current statements, transferring funds and reaching customer service. Middletown Valley Bank receives an outstanding consumer satisfaction rating based on relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.9/5
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

Middletown Valley Bank ranks as a small bank and manages assets totaling $361 million as well as deposits totaling $316 million. Its Texas Ratio is 7.11%, signifying a small likelihood of failure. Additionally, Middletown Valley Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

7.11%
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 Middletown Valley Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $50
Checking Account 0.03% APY $1000
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.40% APY
  • 36 Month: 0.75% APY
  • 48 Month: 0.85% APY
  • 60 Month: 1.00% APY
$1000 for all terms
Money Market Accounts 0.05% APY 0.15% APY $10000 $15000

Middletown Valley Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Middletown Valley 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. Middletown Valley Bank's CD rates are fair in comparison to other U.S. banks.

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Find a Middletown Valley Bank Near Me

Middletown Valley Bank has six physical locations in the U.S.

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