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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 and $939 million in deposits, making it a medium-size bank. Oak Valley Community Bank, whose headquarters are in Oakdale, California, lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With an average 3.8 out of 5 stars, Oak Valley Community Bank proves it is a decent choice, but with better options out there. Oak Valley Community Bank offers a varied selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. The bank's standard checking account carries a monthly fee of $7.00, which places it at the higher end of monthly fees. Banks that offer no-fee checking as well as a high savings APY are your best bet for getting the highest income from your deposits while maintaining easy 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

Oak Valley Community Bank has a savings rate of 0.03%, which is poor as compared against the national average. Its one-year CD has a rate of 0.20%, while its highest-yielding money market account has 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

Oak Valley Community Bank generally has above-average fees in comparison to other U.S. banks. At $7.00 per month, Oak Valley Community Bank is not great for those who want a simple checking account. Additionally, at $29.00, it has a considerably lower overdraft fee compared to that of other U.S. banks. Oak Valley Community Bank refunds their out-of-network ATM charges, making finding an ATM a free and easy 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 branches in California. It also offers access to mobile and web apps for an easy mobile-banking experience. Oak Valley Community Bank's online and mobile banking services get poor feedback from customers. Out of 29 ratings across iOS and Android platforms, the Oak Valley Community Bank mobile app rates a 3.1 out of 5 (compared to the national average of 3.8). You can utilize Oak Valley Community Bank's mobile app to manage your accounts by checking monthly statements, sending and receiving funds and accessing support representatives. Oak Valley Community Bank gets a superb consumer satisfaction rating based on relatively few consumer complaints brought to 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 with $1 billion in assets and $939 million in deposits. Its Texas Ratio is 1.59%, indicating that the bank is in superb financial condition and far from 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 to give you many options to manage your money. Oak Valley Community Bank does not have the best savings rate, which means you should consider 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 as compared against the national average.

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Find a Oak Valley Community Bank Near Me

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

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