Founded in 1980, Plumas Bank has assets totaling $745 million as well as $663 million in deposits, making it a medium-size bank. Plumas Bank, whose headquarters are in Quincy, California, 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. With a commendable 4 out of 5 stars, Plumas Bank proves it is a good bank that deserves your consideration. Plumas Bank has a complete suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Plumas Bank offers an option without a monthly fee. Locating an institution with free checking, in addition to a high savings APY is your best bet for getting the highest income from your deposits alongside easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Plumas Bank has a savings rate of 0.10%, which is fair in comparison to the average U.S. bank. Plumas Bank's one-year CD earns at a rate of 0.50%, while its highest-yielding money market account has a rate of 0.15%. Given its poor savings rate, you should think about other options to earn more on your deposits.
How Plumas Bank's Savings Rates Compare
On average, Plumas Bank charges its customers extremely low fees in comparison to the average U.S. bank. Plumas Bank's checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. Plumas Bank does not reimburse out-of-network ATM charges, which means you will be required to locate a Plumas Bank ATM or pay the fee.
Plumas Bank is a brick-and-mortar bank, with 13 total bank locations in California and Nevada. With mobile and web apps, Plumas Bank makes account access convenient, even on the go. It does not provide access to all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday and 8:00 a.m. to 5:30 p.m. PT. Plumas Bank receives unsatisfactory marks from customers for its online presence. With 33 customer reviews on both iOS and Android platforms, the Plumas Bank mobile app has an overall rating of 3.0 out of 5 (compared to the national average of 3.8). You can utilize Plumas Bank's app to control your accounts by monitoring account balances, sending and receiving funds as well as reaching customer service. Plumas Bank receives an exceptional consumer satisfaction rating based on relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
Plumas Bank is a medium-size bank with $745 million in assets and $663 million in deposits. Plumas Bank has a strong Texas Ratio of 6.09%, signifying a small opportunity of failure. Additionally, Plumas 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.Back to Overview
Compare Plumas Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.1% APY||$1|
|Checking Account||0.05% APY||$1|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Accounts||0.1% APY 0.15% APY||$10000 $15000|
Plumas 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. Plumas 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. Plumas Bank's CD rates are fair in comparison to the national average.Back to Overview
Find a Plumas Bank Near Me
Plumas Bank has 13 physical branches across the U.S.Back to Overview