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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

North Easton Savings Bank first started operating in 1864 and is headquartered in South Easton, Massachusetts. It owns assets of $545 million and deposits totaling $495 million, classifying it as a medium-size bank. North Easton Savings Bank lacks premium access to support representatives, 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. With a score of 3.9 stars out of 5, North Easton Savings Bank should be near the middle of the pack in your search for a bank. North Easton Savings Bank provides customers with a varied choice of product offerings, which include savings accounts, checking accounts, money market accounts, CDs and IRAs. It has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, North Easton Savings Bank offers an option without a monthly fee. Finding a checking account with no monthly fee and a savings account with a high APY at the same institution is the best bet for returning the most income on your deposits while having convenient access to your money.

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

With a savings rate of 0.10%, North Easton Savings Bank ranks poorly in comparison to the national average. Its CD rates are 0.45% and 1.40% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.25%. Given its noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

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 average U.S. bank. With no monthly fee, North Easton Savings Bank is perfect for people who want a basic checking account. For those who regularly visit the ATM, 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. Additionally, it has an overdraft fee of $35.00, which is on par with the national average overdraft fee. North Easton Savings Bank unfortunately doesn't refund out-of-network ATM fees, which means you will have to find a North Easton Savings Bank ATM or accept the withdrawal 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. With mobile and web apps, North Easton Savings Bank makes account access straightforward, even on the go. North Easton Savings Bank's online and mobile banking services receive mediocre scores from customers. With 15 ratings across 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 allows you to manage your bank accounts by monitoring monthly statements, sending and receiving funds as well as reaching customer service. North Easton Savings Bank receives an excellent consumer satisfaction score due to relatively few complaints brought to 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 and manages $545 million in assets and $495 million in deposits. North Easton Savings Bank's Texas Ratio is 3.90%, denoting a minute chance of 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: 2.60% APY
  • 48 Month: 1.20% APY
  • 60 Month: 1.40% APY
$500 for all terms
Money Market Accounts 0.25% APY 0.25% APY $10000 $15000

North Easton Savings Bank has several deposit products including 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 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. North Easton Savings Bank's CD rates are fair compared to the national average.

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Find a North Easton Savings Bank Near Me

North Easton Savings Bank has 10 physical locations in the U.S.

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