Orange Bank &Trust Company Review

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.

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

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

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

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.

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

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.

Products Offered

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.

Find a Orange Bank &Trust Company Near Me

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