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Santa Cruz County Bank Review

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Santa Cruz County Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 2004, Santa Cruz County Bank has assets totaling $630 million and deposits totaling $563 million, ranking the institution as a medium-size bank. Santa Cruz County Bank, whose headquarters are in Santa Cruz, California, lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With an average 3.9 stars out of 5, Santa Cruz County Bank proves it is a good bank that should be given a look. Santa Cruz County Bank has multiple banking products, including savings accounts, checking accounts, money market accounts, IRAs and credit cards. Santa Cruz County Bank has a fair savings rate compared to the average savings account. The bank's standard checking product has a monthly fee of $5.00, making it a rather pricey bank for checking. Obtaining a checking account with no monthly fee, in addition to a savings account with a high APY at the same bank is the best bet for accruing the most income on your deposits alongside easy access to your money.

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 0.05%, Santa Cruz County Bank ranks poorly in comparison to the average U.S. bank. Santa Cruz County Bank's one-year CD has a rate of 0.25% and the five-year CD has a rate of 0.85%, while its highest-yielding money market account has an APY of 0.10%. Given Santa Cruz County Bank's poor savings rate, you should consider choosing another bank to earn more on your deposits.

How Santa Cruz County Bank's Savings Rates Compare

Santa Cruz County Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, Santa Cruz County Bank charges customers high fees in comparison to other U.S. banks. At $5.00/month, Santa Cruz County Bank's checking account is less than the best product for people who want a hassle-free banking experience. Santa Cruz County Bank refunds any incurred out-of-network ATM charges, making getting cash a free and easy process.

Monthly Fee $5.00 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

SmartAsset Average: 3.7

Santa Cruz County Bank is a brick-and-mortar bank, with five total branches in California. With mobile and web apps, Santa Cruz County Bank makes mobile banking straightforward, even on the go. Santa Cruz County Bank gets high praise from customers for its mobile app. With 8 ratings on both iOS and Android platforms, the Santa Cruz County Bank mobile app is scored at 4.5 out of 5 (compared to the national average of 3.8). Santa Cruz County Bank's mobile app allows you to manage your accounts by reviewing account balances, transferring funds and accessing customer service. Santa Cruz County Bank receives a superb consumer satisfaction rating due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Santa Cruz County Bank is currently a medium-size bank with $630 million in assets as well as deposits totaling $563 million. Its Texas Ratio is 0.00%, signifying a negligible possibility of failure. Additionally, Santa Cruz County Bank 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.

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Compare Santa Cruz County Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $100
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 1.75% APY
  • 36 Month: 0.40% APY
  • 48 Month: 0.65% APY
  • 60 Month: 0.85% APY
$2500 for all terms
Money Market Account 0.1% APY $25000

Santa Cruz County Bank has several deposit products including savings accounts, checking accounts and money market accounts to give you many options to manage your money. Santa Cruz County Bank does not have the best savings rate, which means you should think about taking a look 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. Santa Cruz County Bank's CD rates are fair compared to the national average.

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Find a Santa Cruz County Bank Near Me

Santa Cruz County Bank has five locations across the U.S.

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