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PCSB Bank Review

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PCSB Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


PCSB Bank was founded in 1871 with headquarters located in Brewster, New York. PCSB Bank handles $1 billion in assets along with $1 billion in deposits, which makes it a large bank. PCSB Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. SmartAsset has rated PCSB Bank 3.8 out of 5 stars, which means it is a decent choice, but with better options out there. PCSB Bank provides customers with a diverse array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, PCSB Bank's standard checking does not carry a monthly fee. Using an institution with free checking as well as a high interest rate savings account is your best bet for getting the highest income on your deposits while maintaining easy access to your funds.

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

With a savings rate of 0.10%, PCSB Bank ranks poorly in comparison to the national average. PCSB Bank's CD rates are 0.45% and 1.40% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.20%. Given its noncompetitive savings rate, you should think about other options to earn more on your deposits.

How PCSB Bank's Savings Rates Compare

PCSB Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

PCSB Bank generally has extremely low fees compared to other U.S. banks. PCSB Bank's checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. PCSB Bank does not reimburse out-of-network ATM fees, meaning you will have to search for a PCSB Bank ATM or pay the fee.

Monthly Fee $0 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

SmartAsset Average: 3.7

PCSB Bank is a brick-and-mortar bank, with 16 total bank locations in New York. It also offers access to a web app, for a straightforward online-banking experience. PCSB Bank gets an outstanding consumer satisfaction rating based on comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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

SmartAsset Average: 4.8

PCSB Bank ranks as a large bank with $1 billion in assets and deposits totaling $1 billion. PCSB Bank's Texas Ratio is 5.06%, indicating a tiny chance of failure. Additionally, PCSB 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 PCSB Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $25
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 0.45% APY
  • 24 Month: 0.70% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.20% APY
  • 60 Month: 1.40% APY
$500 for all terms
Money Market Account 0.2% APY $2500

PCSB Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. PCSB 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. PCSB Bank's CD rates are fair compared to the national average.

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Find a PCSB Bank Near Me

PCSB Bank has 16 physical locations in the U.S.

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