
Overview
Orange Bank &Trust Company first started operating in 1892 and is headquartered in Middletown, New York. Orange Bank &Trust Company owns assets of $953 million and $835 million in deposits, ranking it as a medium-size bank. Orange Bank &Trust Company 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 apps. Coming in at an average 3.5 stars out of 5, Orange Bank &Trust Company is a decent choice, but with better options out there. Orange Bank &Trust Company provides customers with a varied selection of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. Using an institution with no-fee checking and a high interest rate savings account is the best option for returning the highest income from your deposits while maintaining convenient access to your money.
How We Rated It
SmartAsset's Overall Rating
National Average: 4.1The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Rates
SmartAsset Average: 3.5With a savings rate of 0.08%, Orange Bank &Trust Company ranks poorly as compared against the national average. Orange Bank &Trust Company's one-year CD earns at 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 opting for higher earning savings accounts with other banks.
How Orange Bank &Trust Company's Savings Rates Compare
Fees
SmartAsset Average: 4.4There is insufficient data on Orange Bank &Trust Company's fees to provide a full SmartAsset rating.
Service Quality
SmartAsset Average: 3.7Orange Bank &Trust Company is a brick-and-mortar bank, with 13 total bank locations in New York. It also offers access to mobile and web apps for a simple mobile-banking experience. Orange Bank &Trust Company gets unsatisfactory feedback from users for its mobile platform. The Orange Bank &Trust Company mobile app has been given a 1.0 out of 5 (out of 1 customer reviews on Apple and Android) compared to the national average of 3.8. Orange Bank &Trust Company's mobile app lets you control your finances by checking account balances, sending and receiving money and reaching customer service. Orange Bank &Trust Company gets an outstanding consumer satisfaction rating based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
Financial Health
SmartAsset Average: 4.8Orange Bank &Trust Company is a medium-size bank and owns $953 million in assets and deposits totaling $835 million. It has an excellent Texas Ratio of 4.45%, denoting that the bank is in excellent financial shape and unlikely to fail. 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
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 OverviewCompare 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 |
| $2500 for all terms |
Money Market Accounts | 0.03% APY 0.05% APY | $10000 $15000 |
Orange Bank &Trust Company has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Orange Bank &Trust Company does not have the best savings rate, which means you should consider other options 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.
Back to OverviewFind a Orange Bank &Trust Company Near Me
Orange Bank &Trust Company has 13 branches across the U.S.
Back to Overview