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Morris Bank Review

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Morris Bank Savings
0.30% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 1954, Morris Bank has $679 million in assets as well as $593 million in deposits, making the institution a medium-size bank. Morris Bank, whose headquarters are in Dublin, Georgia, 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 apps. Coming in at a commendable 4.3 out of 5 stars, Morris Bank is a great choice and should warrant serious consideration. Morris Bank has a full suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Morris Bank offers an option without a maintenance or monthly fee. Locating a checking account with no monthly fee as well as a savings account with a high interest rate at the same institution is the best bet for returning 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

With a savings rate of 0.30%, Morris Bank ranks poorly compared to the average U.S. bank. Morris Bank's one-year and five-year term lengths CDs earn at a rate of 0.85% and 2.02%, respectively, while its highest-yielding money market account has a rate of 0.75%. Given Morris Bank's poor savings rate, you should consider opting for higher earning savings accounts with other banks.

How Morris Bank's Savings Rates Compare

Morris Bank Savings 0.30 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Morris Bank has generally extremely low fees compared to the average U.S. bank. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. Morris Bank doesn't reimburse out-of-network ATM fees, meaning you will have to search for a Morris Bank ATM or accept the 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

SmartAsset Average: 3.7

Morris Bank is a brick-and-mortar bank, with six total bank locations in Georgia. It also offers access to mobile and web apps for simple access and banking on the go. Morris Bank's online and mobile banking services get moderately high marks from customers. The Morris Bank mobile app scored a 4.3 out of 5 (with 32 reviews on Apple and Android) compared to the national average of 3.8. Morris Bank's mobile app lets you control your finances by monitoring monthly statements, transferring funds as well as accessing support representatives. Morris Bank gets a superb consumer satisfaction score due to comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Morris Bank ranks as a medium-size bank owning assets totaling $679 million as well as deposits totaling $593 million. Morris Bank's Texas Ratio is 10.11%, suggesting that Morris Bank is in fine financial shape and unlikely to fail. Additionally, Morris 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 Morris Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.3% APY $100
Checking Account 0.15% APY $100
Certificates of Deposit
  • 12 Month: 0.85% APY
  • 24 Month: 1.05% APY
  • 36 Month: 1.66% APY
  • 48 Month: 1.86% APY
  • 60 Month: 2.02% APY
$500 for all terms
Money Market Account 0.75% APY $1000

Morris 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. Morris 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. Morris Bank's CD rates are fair in comparison to the national average.

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Find a Morris Bank Near Me

Morris Bank has six physical locations across the U.S.

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