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New Tripoli Bank Review

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New Tripoli Bank Savings
0.50% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

New Tripoli Bank first started operating in 1910 with headquarters in New Tripoli, Pennsylvania. New Tripoli Bank manages assets of $442 million as well as deposits totaling $321 million, classifying it as a medium-size bank. New Tripoli Bank has above-average access to customer service with all-day support available, which is helpful for those that work during typical customer service hours. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Coming in at a superb 4.8 out of 5 stars, New Tripoli Bank is an excellent bank that you should strongly consider. New Tripoli Bank has the full selection of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. New Tripoli Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, New Tripoli Bank's most basic checking does not carry a monthly charge. Obtaining a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is the best bet for accruing the most income on your deposits alongside easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.8/5
National Average: 4.1

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

Rates

4.7
SmartAsset Average: 3.5

With a savings rate of 0.50%, New Tripoli Bank ranks poorly compared to the average U.S. bank. Its CD rates are 2.10% and 2.50% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.60%. Given its noncompetitive savings rate, you should consider looking at the competition to open savings accounts.

How New Tripoli Bank's Savings Rates Compare

New Tripoli Bank Savings 0.50 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

New Tripoli Bank generally has extremely low fees in comparison to other U.S. banks. With no monthly fee, New Tripoli Bank is ideal for those who want a simple checking account. Also, it has an overdraft fee of $30.00, which is considerably less than the national average overdraft fee. New Tripoli Bank unfortunately doesn't refund out-of-network ATM charges, meaning you will need to locate a New Tripoli Bank ATM or pay the fee.

Monthly Fee $0 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

4.8
SmartAsset Average: 3.7

New Tripoli Bank is a brick-and-mortar bank, with two total bank locations in Pennsylvania. It also offers access to mobile and web apps for simple access and banking on the go. It provides all-day customer service. New Tripoli Bank's online and mobile banking services get great feedback from users. The New Tripoli Bank mobile app rates a 5.0 out of 5 (with 2 reviews on Apple and Android) compared to the national average of 3.8. You can use New Tripoli Bank's app to control your funds by monitoring account balances, transferring funds and accessing support representatives. New Tripoli Bank gets an exceptional consumer satisfaction score based on relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 5.0/5
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

New Tripoli Bank ranks as a medium-size bank and manages $442 million in assets as well as deposits totaling $321 million. New Tripoli Bank's Texas Ratio is 6.18%, denoting a small chance of failure. Additionally, New Tripoli Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

6.18%
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 New Tripoli Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.5% APY $20
Checking Account 0.2% APY $500
Certificates of Deposit
  • 12 Month: 2.10% APY
  • 24 Month: 2.50% APY
  • 36 Month: 2.50% APY
  • 48 Month: 2.50% APY
  • 60 Month: 2.50% APY
$500 for all terms
Money Market Accounts 0.6% APY 0.6% APY $10000 $15000

New Tripoli Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. New Tripoli 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. New Tripoli Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a New Tripoli Bank Near Me

New Tripoli Bank has two physical branches across the U.S.

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