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Oak Valley Community Bank Review

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Oak Valley Community Bank Savings
0.03% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1991, Oak Valley Community Bank has assets totaling $1 billion along with $939 million in deposits, ranking it as a medium-size bank. Oak Valley Community Bank, whose headquarters are in Oakdale, California, 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 apps. SmartAsset has rated the bank 3.8 out of 5 stars, suggesting Oak Valley Community Bank is a decent bank that leaves room for improvement. Oak Valley Community Bank has a complete array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. Oak Valley Community Bank has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product features a $7.00 monthly fee, although banks sometimes have requirements that allow you to waive the fee. Banks that offer no-fee checking as well as a high savings APY are the best bet for getting the most income on your deposits while having convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.8/5
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

With a savings rate of 0.03%, Oak Valley Community Bank ranks poorly compared to other U.S. banks. Oak Valley Community Bank's one-year CD has a rate of 0.20%, while its highest-yielding money market account earns at an APY of 0.07%. Given Oak Valley Community Bank's below average savings rate, you should consider choosing another bank to earn more on your deposits.

How Oak Valley Community Bank's Savings Rates Compare

Oak Valley Community Bank Savings 0.03 National Average 0.26 Compare Offers
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Fees

3.8
SmartAsset Average: 4.4

On average, Oak Valley Community Bank charges its customers above-average fees compared to the national average. Oak Valley Community Bank's checking account has a monthly fee of $7.00, ranking it fair for anyone looking for a simple account. Also, it has an overdraft fee of $29.00, which is markedly less than that of other U.S. banks. Oak Valley Community Bank reimburses their out-of-network ATM charges, making finding an ATM a free and straightforward process.

Monthly Fee $7.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $29.00 National Average: $35.00
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Service Quality

3.5
SmartAsset Average: 3.7

Oak Valley Community Bank is a brick-and-mortar bank, with 16 total bank locations in California. It also offers access to mobile and web apps for a straightforward mobile-banking experience. Oak Valley Community Bank's online and mobile banking services get mediocre scores from customers. The Oak Valley Community Bank mobile app scored a 3.1 out of 5 (out of 29 ratings on iOS and Android) compared to the national average of 3.8. You can utilize Oak Valley Community Bank's app to manage your accounts by looking at account balances, transferring money as well as reaching support representatives. Oak Valley Community Bank gets a superb consumer satisfaction rating based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

Oak Valley Community Bank ranks as a medium-size bank and manages $1 billion in assets and deposits totaling $939 million. Oak Valley Community Bank's Texas Ratio is 1.59%, signifying a low chance of failure. Additionally, Oak Valley Community Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 Oak Valley Community Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.03% APY $1
Checking Account 0.01% APY $2500
Certificates of Deposit
  • 12 Month: 0.20% APY
  • 24 Month: 0.35% APY
  • 36 Month: 0.50% APY
$2500 for all terms
Money Market Account 0.05% APY $10000

Oak Valley Community 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. Oak Valley Community Bank does not have the best savings rate, which means you should think about 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. Oak Valley Community Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a Oak Valley Community Bank Near Me

Oak Valley Community Bank has 16 physical locations across the U.S.

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