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Queensborough National Bank & Trust Company Review

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Queensborough National Bank & Trust Company Savings
0.01% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1902, Queensborough National Bank & Trust Company has assets totaling $1 billion and deposits totaling $975 million, making the institution a medium-size bank. Queensborough National Bank & Trust Company, whose headquarters are in Louisville, Georgia, 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 access to service representatives at a physical location, in addition to its online and mobile offerings. We gave the bank a 4.1 stars out of 5, indicating that Queensborough National Bank & Trust Company is a good bank that deserves your consideration. Queensborough National Bank & Trust Company provides customers with numerous banking products, which include savings accounts, checking accounts, money market accounts, IRAs, mortgage products and credit cards. Queensborough National Bank & Trust Company has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, Queensborough National Bank & Trust Company's standard checking account does not have a monthly maintenance charge. Locating an institution with free checking as well as a high savings APY is your best bet for getting the most income on your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

3.0
SmartAsset Average: 3.5

With a savings rate of 0.01%, Queensborough National Bank & Trust Company ranks poorly compared to the national average. Queensborough National Bank & Trust Company's one-year CD has a rate of 0.50% and the five-year CD has a rate of 1.51%, while its highest-yielding money market account has a rate of 0.15%. Given its poor savings rate, you should consider taking a look at other banks for savings accounts.

How Queensborough National Bank & Trust Company's Savings Rates Compare

Queensborough National Bank & Trust Company Savings 0.01 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Queensborough National Bank & Trust Company charges customers extremely low fees in comparison to the average U.S. bank. Queensborough National Bank & Trust Company's checking account has no monthly fee, rating it excellent for anyone looking for a simple account. Queensborough National Bank & Trust Company does not reimburse out-of-network ATM fees, which means you'll be required to search for a Queensborough National Bank & Trust Company ATM or pay 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

4.3
SmartAsset Average: 3.7

Queensborough National Bank & Trust Company is a brick-and-mortar bank, with 25 total bank locations in Georgia. With mobile and web apps, Queensborough National Bank & Trust Company makes mobile banking straightforward, even on the go. Queensborough National Bank & Trust Company's online and mobile banking services receive great feedback from users. The Queensborough National Bank & Trust Company mobile app has been given a 4.7 out of 5 (out of 810 ratings on iOS and Android) compared to the national average of 3.8. Queensborough National Bank & Trust Company's mobile app allows you to manage your funds by monitoring monthly statements, transferring money as well as accessing customer service. Queensborough National Bank & Trust Company gets a superb consumer satisfaction rating due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.2
SmartAsset Average: 4.8

Queensborough National Bank & Trust Company is a medium-size bank with $1 billion in assets as well as $975 million in deposits. Queensborough National Bank & Trust Company has a strong Texas Ratio of 17.93%, suggesting a tiny opportunity of failure. Additionally, Queensborough National Bank & Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

17.93%
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 Queensborough National Bank & Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.01% APY $200
Checking Account 0.1% APY $1000
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 0.60% APY
  • 36 Month: 0.90% APY
  • 48 Month: 1.05% APY
  • 60 Month: 1.51% APY
$500 for all terms
Money Market Account 0.15% APY $10001

Queensborough National Bank & Trust Company has several deposit products like savings accounts, checking accounts and money market accounts that provide you with many options to manage your money. Queensborough National Bank & Trust Company 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. Queensborough National Bank & Trust Company's CD rates are fair in comparison to other U.S. banks.

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Find a Queensborough National Bank & Trust Company Near Me

Queensborough National Bank & Trust Company has 25 branches across the U.S.

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