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Pathfinder Bank Review

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Pathfinder Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Pathfinder Bank first started operating in 2002 with headquarters located in Oswego, New York. Pathfinder Bank owns $880 million in assets along with $729 million in deposits, classifying it as a medium-size bank. Pathfinder Bank lacks premium access to customer service, 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. At a SmartAsset rating of 4 stars out of 5, Pathfinder Bank should be near the middle of the pack in your search for a bank. Pathfinder Bank provides customers with a full array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Pathfinder Bank has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Pathfinder Bank's standard checking account does not have a monthly fee. Banks that offer no-fee checking, in addition to a high savings APY are your best option for gaining the most income from your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

Pathfinder Bank features a savings rate of 0.05%, which is fair compared to the national average. Its one-year and five-year term lengths CDs earn at a rate of 0.50% and 1.70%, respectively, while its highest-yielding money market account has a rate of 0.15%. Given its below average savings rate, you should think about choosing another bank to earn more on your deposits.

How Pathfinder Bank's Savings Rates Compare

Pathfinder Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Pathfinder Bank charges customers extremely low fees as compared against the national average. Its checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Additionally, at $32.00, Pathfinder Bank has a noticeably lower overdraft fee compared to the national average. Pathfinder Bank unfortunately doesn't reimburse out-of-network ATM fees, meaning you'll be required to find a Pathfinder Bank ATM or eat the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $32.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Pathfinder Bank is a brick-and-mortar bank, with nine total branches in New York. With mobile and web apps, Pathfinder Bank makes account access easy, even on the go. Pathfinder Bank's online and mobile banking platforms get poor scores from customers. The Pathfinder Bank mobile app has been given a 3.2 out of 5 (out of 25 ratings on Apple and Android) compared to the national average of 3.8. Pathfinder Bank's mobile app lets you manage your accounts by checking current statements, sending and receiving funds as well as reaching support representatives. Pathfinder Bank receives an excellent consumer satisfaction rating due to relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Pathfinder Bank is a medium-size bank and handles $880 million in assets and deposits totaling $729 million. Its Texas Ratio is 6.47%, indicating that the bank is in fine financial well-being and far from failure. Additionally, Pathfinder Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 Pathfinder Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $100
Checking Account 0.05% APY $100
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 0.75% APY
  • 36 Month: 1.05% APY
  • 48 Month: 1.30% APY
  • 60 Month: 1.70% APY
$1000 for all terms
Money Market Account 0.1% APY $10000

Pathfinder Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Pathfinder Bank does not have the best savings rate, which means you should consider 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. Pathfinder Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a Pathfinder Bank Near Me

Pathfinder Bank has nine physical locations in the U.S.

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