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Orange Bank &Trust Company Review

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Orange Bank &Trust Company Savings
0.08% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1892, Orange Bank &Trust Company has assets totaling $953 million and $835 million in deposits, ranking the institution as a medium-size bank. Orange Bank &Trust Company, whose headquarters are in Middletown, New York, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. At a SmartAsset rating of 3.5 out of 5 stars, Orange Bank &Trust Company should be more closely analyzed to see if its services fit your needs. Orange Bank &Trust Company offers a varied choice of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Orange Bank &Trust Company has a fair savings rate; other popular banks have higher rates. Finding a checking account with no monthly fee as well as a savings account with a high APY at the same institution is your best option for gaining the most income on your deposits while having easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.5/5
National Average: 4.1

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

Rates

3.3
SmartAsset Average: 3.5

With a savings rate of 0.08%, Orange Bank &Trust Company ranks poorly compared to the average U.S. bank. Its one-year CD has a rate of 0.85%, while its highest-yielding money market account earns at a rate of 0.05%. Given Orange Bank &Trust Company's below average savings rate, you should consider looking at the competition to open savings accounts.

How Orange Bank &Trust Company's Savings Rates Compare

Orange Bank &Trust Company Savings 0.08 National Average 0.26 Compare Offers
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Fees

NR
SmartAsset Average: 4.4

There is insufficient data on Orange Bank &Trust Company's fees to provide a full SmartAsset rating.

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

2.3
SmartAsset Average: 3.7

Orange Bank &Trust Company is a brick-and-mortar bank, with 13 total branches in New York. It also offers access to mobile and web apps for a straightforward mobile-banking experience. Orange Bank &Trust Company gets unsatisfactory reviews from customers for its mobile app. With 1 customer reviews across Apple and Android platforms, the Orange Bank &Trust Company mobile app has an overall rating of 1.0 out of 5 (compared to the national average of 3.8). Orange Bank &Trust Company's mobile app lets you manage your funds by looking at monthly statements, sending and receiving money and accessing support representatives. Orange Bank &Trust Company receives an outstanding consumer satisfaction rating based on comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 1.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

Orange Bank &Trust Company ranks as a medium-size bank owning assets totaling $953 million as well as $835 million in deposits. It has an excellent Texas Ratio of 4.45%, suggesting a minute possibility of failure. Additionally, Orange Bank &Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

4.45%
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 Orange Bank &Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.08% APY $2500
Checking Account 0.04% APY $2500
Certificates of Deposit
  • 12 Month: 0.85% APY
  • 24 Month: 1.06% APY
  • 36 Month: 1.36% APY
$2500 for all terms
Money Market Account 0.03% APY $2500

Orange Bank &Trust Company has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Orange Bank &Trust Company does not have the best savings rate, which means you should think about 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. Orange Bank &Trust Company's CD rates are fair as compared against the national average.

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Find a Orange Bank &Trust Company Near Me

Orange Bank &Trust Company has 13 branches in the U.S.

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