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.
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 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
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 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.
Orange 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 Overview
Compare Orange Bank &Trust Company to Other Competitive Offers
|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 Overview
Find a Orange Bank &Trust Company Near Me
Orange Bank &Trust Company has 13 branches across the U.S.Back to Overview