Salisbury Bank and Trust Company first started operating in 1874 and is headquartered in Lakeville, Connecticut. It owns assets of $987 million as well as $818 million in deposits, making it a medium-size bank. Salisbury Bank and Trust Company has above-average access to customer service with a live chat feature, which is helpful for those that work during typical customer service hours. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a score of 4.4 out of 5 stars, Salisbury Bank and Trust Company should be solidly in contention for your choice of bank. Salisbury Bank and Trust Company provides customers with a varied choice of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Salisbury Bank and Trust Company's ordinary checking account does not have a monthly fee. Using a bank with free checking as well as a high interest rate savings account is the best option for getting the highest income on your deposits while having easy 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 0.10%, Salisbury Bank and Trust Company ranks poorly compared to the average U.S. bank. Its one-year CD has a rate of 0.80% and the five-year CD earns at a rate of 2.00%, while its highest-yielding money market account has an APY of 0.20%. Given its noncompetitive savings rate, you should think about other options to earn more on your deposits.
How Salisbury Bank and Trust Company's Savings Rates Compare
On average, Salisbury Bank and Trust Company charges its customers extremely low fees in comparison to the national average. Its checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. Salisbury Bank and Trust Company doesn't refund out-of-network ATM charges, meaning you'll need to search for a Salisbury Bank and Trust Company ATM or accept the cost of withdrawal.
Salisbury Bank and Trust Company is a brick-and-mortar bank, with 14 total branches in Connecticut, Massachusetts and New York. With mobile and web apps, Salisbury Bank and Trust Company makes mobile banking convenient, even on the go. It does not have all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday, 8:00 a.m. to 5:00 p.m. ET; Saturday, and 9:00 a.m. to 12:00 p.m. ET. Salisbury Bank and Trust Company also offers a live chat feature, a helpful way to reach a representative during the work day. Salisbury Bank and Trust Company receives positive scores from users for its online presence. Out of 3 customer reviews across both Apple and Android platforms, the Salisbury Bank and Trust Company mobile app has an overall rating of 5.0 out of 5 (compared to the national average of 3.8). Salisbury Bank and Trust Company's mobile app allows you to control your accounts by reviewing current statements, sending and receiving funds as well as accessing customer service. Salisbury Bank and Trust Company receives an outstanding consumer satisfaction rating due to comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
Salisbury Bank and Trust Company is a medium-size bank with assets totaling $987 million and deposits totaling $818 million. It has a strong Texas Ratio of 6.61%, suggesting that the bank is in fine financial condition and far from failure. Additionally, Salisbury Bank and 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.Back to Overview
Compare Salisbury Bank and Trust Company 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|| ||$1000 for all terms|
|Money Market Account||0.15% APY||$10000|
Salisbury Bank and Trust Company has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Salisbury Bank and 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. Salisbury Bank and Trust Company's CD rates are fair as compared against the national average.Back to Overview
Find a Salisbury Bank and Trust Company Near Me
Salisbury Bank and Trust Company has 14 physical branches in the U.S.Back to Overview