Established in 1933, Signature Bank of Arkansas has $592 million in assets and deposits totaling $483 million, which makes it a medium-size bank. Signature Bank of Arkansas, whose headquarters are in Fayetteville, Arkansas, 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 access to service representatives at a physical location, in addition to its online and mobile apps. Coming in at a commendable 4.2 out of 5 stars, Signature Bank of Arkansas is a great choice and should warrant serious consideration. Signature Bank of Arkansas offers a full suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Signature Bank of Arkansas has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Signature Bank of Arkansas offers an option without a monthly fee. Banks that offer free checking, in addition to a high savings APY are the best option for getting the highest income from your deposits alongside convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.25%, Signature Bank of Arkansas ranks poorly as compared against the national average. Its one-year and five-year term lengths CDs earn at a rate of 0.70% and 1.40%, respectively, while its highest-yielding money market account earns at an APY of 0.50%. Given Signature Bank of Arkansas's noncompetitive savings rate, you should think about other options to earn more on your deposits.
How Signature Bank of Arkansas's Savings Rates Compare
On average, Signature Bank of Arkansas charges customers extremely low fees compared to the national average. With no monthly fee, Signature Bank of Arkansas is ideal for people who want a simple banking experience. Also, at $30.00, Signature Bank of Arkansas's overdraft fee is noticeably lower than the national average. Signature Bank of Arkansas does not reimburse out-of-network ATM fees, which means you'll need to search for a Signature Bank of Arkansas ATM or accept the withdrawal fee.
Signature Bank of Arkansas is a brick-and-mortar bank, with six total branches in Arkansas. With mobile and web apps, Signature Bank of Arkansas makes mobile banking straightforward, even on the go. Signature Bank of Arkansas's online and mobile banking platforms receive moderately positive scores from users. Out of 11 ratings on Apple and Android platforms, the Signature Bank of Arkansas mobile app has an overall rating of 4.1 out of 5 (compared to the national average of 3.8). You can utilize Signature Bank of Arkansas's mobile app to manage your bank accounts by looking at account balances, transferring funds as well as accessing support representatives. Signature Bank of Arkansas gets an excellent consumer satisfaction rating due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
Signature Bank of Arkansas ranks as a medium-size bank owning $592 million in assets and deposits totaling $483 million. Signature Bank of Arkansas has a strong Texas Ratio of 15.31%, signifying a tiny chance of failure. Additionally, Signature Bank of Arkansas 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 Signature Bank of Arkansas to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.25% APY||$100|
|Checking Account||0.1% APY||$850|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.5% APY 0.5% APY||$10000 $15000|
Signature Bank of Arkansas has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Signature Bank of Arkansas does not have the best savings rate, which means you should think about other options 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. Signature Bank of Arkansas's CD rates are fair compared to the national average.Back to Overview
Find a Signature Bank of Arkansas Near Me
Signature Bank of Arkansas has six locations across the U.S.Back to Overview