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Rockland Trust Company Review

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Rockland Trust Company Savings
0.02% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Rockland Trust Company Bank started in 1907 with its headquarters in Rockland, Massachusetts. It owns $8 billion in assets as well as $7 billion in deposits, making it a large bank. Rockland Trust Company lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. At a SmartAsset rating of 3.9 stars out of 5, Rockland Trust Company should be near the middle of the pack in your search for a bank. Rockland Trust Company offers a complete suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Rockland Trust Company has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Rockland Trust Company offers an option without a monthly fee. Obtaining a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same bank is the best bet for gaining the most income from your deposits alongside convenient access to your funds.

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

With a savings rate of 0.02%, Rockland Trust Company ranks poorly compared to the national average. Rockland Trust Company's five-year CD has a rate of 1.65%, while its highest-yielding money market account earns at an APY of 0.50%. Given Rockland Trust Company's poor savings rate, you should consider other options to earn more on your deposits.

How Rockland Trust Company's Savings Rates Compare

Rockland Trust Company Savings 0.02 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Rockland Trust Company charges its customers average fees in comparison to other U.S. banks. With no monthly fee, Rockland Trust Company's checking account is ideal for those who want an easy checking account. For those who will need cash in a pinch, it is fair because it charges an out-of-network ATM fee of $2.00, which is reasonable compared to the national average. Also, at $35.00, it has a lower overdraft fee compared to the national average. Rockland Trust Company does not refund out-of-network ATM charges, meaning you will have to search for a Rockland Trust Company ATM or accept the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $2.00 National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Rockland Trust Company Bank is a brick-and-mortar bank, with 87 total bank locations in Massachusetts. It also offers access to mobile and web apps for easy access and banking on the go. Rockland Trust Company's online and mobile banking platforms receive moderate scores from users. The Rockland Trust Company mobile app has been given a 3.8 out of 5 (out of 1,500 ratings on Apple and Android) compared to the national average of 3.8. Rockland Trust Company's mobile app lets you manage your accounts by looking at monthly statements, transferring funds and accessing customer service. Rockland Trust Company receives a superb consumer satisfaction rating due to comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Rockland Trust Company is currently a large bank and owns $8 billion in assets and $7 billion in deposits. Rockland Trust Company's Texas Ratio is 4.70%, denoting a minute likelihood of failure. Additionally, Rockland 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

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 Rockland Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.02% APY $1
Checking Account 0.01% APY $1
Certificates of Deposit
  • 24 Month: 0.75% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.25% APY
  • 60 Month: 1.65% APY
$1000 for all terms
Money Market Account 0.02% APY $5000

Rockland Trust Company Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Rockland Trust Company 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.

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Find a Rockland Trust Company Near Me

Rockland Trust Company has 87 branches across the U.S.

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