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.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
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
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.
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.
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.Back to Overview
Compare Oak Valley Community Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.03% APY||$1|
|Checking Account||0.01% APY||$2500|
|Certificates of Deposit|| ||$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.Back to Overview
Find a Oak Valley Community Bank Near Me
Oak Valley Community Bank has 16 physical locations across the U.S.Back to Overview