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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

Queensborough National Bank & Trust Company first started operating in 1902 with headquarters located in Louisville, Georgia. Queensborough National Bank & Trust Company owns $1 billion in assets as well as $975 million in deposits, classifying it as a medium-size bank. Queensborough National Bank & Trust Company lacks premium access to support representatives, 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 apps. Coming in at a commendable 4.1 stars out of 5, Queensborough National Bank & Trust Company is a good bank that gets the job done. Queensborough National Bank & Trust Company provides customers with an array banking products, including savings accounts, checking accounts, money market accounts, IRAs, mortgage products and credit cards. Queensborough National Bank & Trust Company has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Queensborough National Bank & Trust Company's standard checking account does not have a monthly fee. Banks that offer no-fee checking, in addition to a high savings APY are the best option for getting the most income on your deposits while maintaining convenient 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 as compared against the national average. Queensborough National Bank & Trust Company's CDs feature a rate of 0.50% and 1.51% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.15%. Given its poor savings rate, you should think about 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 has typically extremely low fees as compared against the national average. Its checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. Queensborough National Bank & Trust Company doesn't reimburse out-of-network ATM fees, meaning you will need to locate a Queensborough National Bank & Trust Company ATM or pay the ATM charge.

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 account access straightforward, even on the go. Queensborough National Bank & Trust Company gets high marks from users for its mobile app. The Queensborough National Bank & Trust Company mobile app is rated at 4.7 out of 5 (with 810 customer reviews on iOS and Android) compared to the national average of 3.8. Queensborough National Bank & Trust Company's mobile app lets you manage your finances by reviewing monthly statements, sending and receiving money and reaching support representatives. Queensborough National Bank & Trust Company gets an exceptional consumer satisfaction rating due to comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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 owning $1 billion in assets and $975 million in deposits. Queensborough National Bank & Trust Company's Texas Ratio is 17.93%, indicating a tiny chance 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 Accounts 0.15% APY 0.15% APY $10000 $15000

Queensborough National Bank & Trust Company has several deposit products including 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 think about 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 compared to the national average.

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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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