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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


Started in 1871, PCSB Bank has assets totaling $1 billion and deposits totaling $1 billion, ranking it as a large bank. PCSB Bank, whose headquarters are in Brewster, New York, lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With an average 3.8 stars out of 5, PCSB Bank proves it is a bank with better alternatives. PCSB Bank has a complete selection of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. PCSB Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, PCSB Bank offers an option without a maintenance or monthly fee. Locating a bank with free checking as well as a high interest rate savings account is your best option for gaining 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 compared to the average U.S. bank. PCSB Bank's CDs feature a rate of 0.45% and 1.40% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.20%. Given its below average savings rate, you should think about looking elsewhere to open savings accounts.

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 charges its customers extremely low fees compared to other U.S. banks. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. PCSB Bank unfortunately doesn't refund out-of-network ATM fees, meaning you'll need to locate a PCSB 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 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 branches in New York. With a mobile app, PCSB Bank provides easy account access, even from home or work. PCSB Bank gets a superb consumer satisfaction score based on comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

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 is currently a large bank owning $1 billion in assets as well as $1 billion in deposits. It has a strong Texas Ratio of 5.06%, suggesting that the bank is in good financial shape and unlikely to fail. 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 to give you 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 branches in the U.S.

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