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North Easton Savings Bank Review

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North Easton Savings Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1864, North Easton Savings Bank has $545 million in assets along with deposits totaling $495 million, which makes the institution a medium-size bank. North Easton Savings Bank, whose headquarters are in South Easton, Massachusetts, lacks premium access to customer service, 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 offerings. SmartAsset experts rated the bank 3.9 out of 5 stars, suggesting North Easton Savings Bank is a respectable bank that you should consider. North Easton Savings Bank has a complete choice of product offerings, which include savings accounts, checking accounts, money market accounts, CDs and IRAs. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, North Easton Savings Bank offers an option without a monthly fee. Finding an institution with free checking as well as a high savings APY is the best bet for gaining the most income on your deposits while having convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.9/5
National Average: 4.1

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

Rates

3.0
SmartAsset Average: 3.5

North Easton Savings Bank has a savings rate of 0.10%, which is fair compared to other U.S. banks. North Easton Savings Bank's one-year CD earns at a rate of 0.45% and the five-year CD earns at a rate of 1.40%, while its highest-yielding money market account earns at a rate of 0.25%. Given North Easton Savings Bank's poor savings rate, you should consider choosing another bank to earn more on your deposits.

How North Easton Savings Bank's Savings Rates Compare

North Easton Savings Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

4.3
SmartAsset Average: 4.4

On average, North Easton Savings Bank charges its customers low fees compared to the national average. North Easton Savings Bank's checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. For those who will need cash in a pinch, North Easton Savings Bank is fair because it has an out-of-network ATM fee of $1.50, which is reasonable compared to the national average. Also, it has an overdraft fee of $35.00, which is on par with that of other U.S. banks. North Easton Savings Bank doesn't refund out-of-network ATM fees, which means you will be required to find a North Easton Savings Bank ATM or pay the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $1.50 National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
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Service Quality

3.5
SmartAsset Average: 3.7

North Easton Savings Bank is a brick-and-mortar bank, with 10 total branches in Massachusetts. It also offers access to mobile and web apps for easy access and banking on the go. North Easton Savings Bank's online and mobile banking platforms get poor marks from users. With 15 customer reviews on Apple and Android platforms, the North Easton Savings Bank mobile app rates a 3.2 out of 5 (compared to the national average of 3.8). North Easton Savings Bank's mobile app lets you control your accounts by checking monthly statements, sending and receiving funds and accessing support representatives. North Easton Savings Bank receives an outstanding consumer satisfaction score based on comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

North Easton Savings Bank is currently a medium-size bank with $545 million in assets as well as deposits totaling $495 million. It has an excellent Texas Ratio of 3.90%, indicating that the bank is in terrific financial condition and far from failure. Additionally, North Easton Savings Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

3.9%
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 North Easton Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $10
Checking Account 0.05% APY $10
Certificates of Deposit
  • 12 Month: 0.45% APY
  • 24 Month: 1.05% APY
  • 36 Month: 1.10% APY
  • 48 Month: 1.20% APY
  • 60 Month: 1.40% APY
$500 for all terms
Money Market Account 0.25% APY $2500

North Easton Savings Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. North Easton Savings Bank does not have the best savings rate, which means you should consider other options 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. North Easton Savings Bank's CD rates are fair compared to other U.S. banks.

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Find a North Easton Savings Bank Near Me

North Easton Savings Bank has 10 locations across the U.S.

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