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Phelps County Bank Review

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Phelps County Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Phelps County Bank was founded in 1963 and is headquartered in Rolla, Missouri. Phelps County Bank owns assets of $384 million along with deposits totaling $350 million, ranking it as a small bank. Phelps County Bank 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. SmartAsset has rated Phelps County Bank 4.4 out of 5 stars, suggesting it is a solid contender in your bank search. Phelps County Bank offers the full selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Phelps County Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Phelps County Bank offers an option without a maintenance or monthly fee. Obtaining a checking account with no monthly fee, in addition to a savings account with a high APY at the same bank is your best option for gaining the most income from your deposits while maintaining 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

Phelps County Bank has a savings rate of 0.25%, which is fair in comparison to the national average. Phelps County Bank's one-year and five-year term lengths CDs earn at a rate of 0.55% and 1.26%, respectively, while its highest-yielding money market account earns at a rate of 0.30%. Given Phelps County Bank's noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How Phelps County Bank's Savings Rates Compare

Phelps County Bank Savings 0.25 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, Phelps County Bank charges its customers extremely low fees as compared against the national average. Its checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. Phelps County Bank doesn't refund out-of-network ATM fees, meaning you'll be required to search for a Phelps County Bank ATM or pay the cost of withdrawal.

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

Phelps County Bank is a brick-and-mortar bank, with four total branches in Missouri. With mobile and web apps, Phelps County Bank makes mobile banking straightforward, even on the go. Phelps County Bank's online and mobile banking services receive fairly decent ratings from users. The Phelps County Bank mobile app scored a 4.2 out of 5 (out of 86 reviews on Apple and Android) compared to the national average of 3.8. You can access Phelps County Bank's mobile app to manage your accounts by reviewing account balances, sending and receiving funds and reaching support representatives. Phelps County Bank gets a superb consumer satisfaction rating due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Phelps County Bank ranks as a small bank owning $384 million in assets as well as deposits totaling $350 million. Its Texas Ratio is 2.60%, denoting that Phelps County Bank is in terrific financial condition and far from failure. Additionally, Phelps County Bank 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.

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Compare Phelps County Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $1
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 0.55% APY
  • 24 Month: 0.75% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.00% APY
  • 60 Month: 1.26% APY
$1000 for all terms
Money Market Account 0.2% APY $10000

Phelps County 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. Phelps County Bank does not have the best savings rate, which means you should consider taking a look 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. Phelps County Bank's CD rates are fair compared to the national average.

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Find a Phelps County Bank Near Me

Phelps County Bank has four physical branches in the U.S.

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