Queensborough National Bank & Trust Company Review

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.

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

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 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.

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.

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

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.

Products Offered

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.

Find a Queensborough National Bank & Trust Company Near Me

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