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Suncrest Bank Review

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Suncrest Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Suncrest Bank first started operating in 2008 with headquarters located in Visalia, California. It owns assets of $529 million along with deposits totaling $467 million, ranking it as a medium-size bank. Suncrest Bank lacks premium access to customer service, 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 offerings. With a score of 4.4 stars out of 5, Suncrest Bank should be solidly in contention for your choice of bank. Suncrest Bank has a complete suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs and IRAs. Suncrest Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, the bank's most basic checking account does not carry a monthly fee. Finding 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 option for accruing the most income on your deposits alongside easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

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

Rates

3.2
SmartAsset Average: 3.5

With a savings rate of 0.20%, Suncrest Bank ranks poorly compared to the average U.S. bank. Its CDs feature a rate of 0.40% and 1.01% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.05%. Given Suncrest Bank's poor savings rate, you should think about opting for higher earning savings accounts with other banks.

How Suncrest Bank's Savings Rates Compare

Suncrest Bank Savings 0.20 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Suncrest Bank charges its customers extremely low fees in comparison to other U.S. banks. With no monthly fee, Suncrest Bank's checking account is perfect for people who need an easy checking account. For those who will need cash in a pinch, it is ideal because it has no out-of-network ATM fees. Suncrest Bank unfortunately doesn't refund out-of-network ATM fees, which means you'll need to search for a Suncrest Bank ATM or eat the ATM charge.

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

4.2
SmartAsset Average: 3.7

Suncrest Bank is a brick-and-mortar bank, with eight total branches in California. It also offers access to mobile and web apps for straightforward access and banking on the go. Suncrest Bank's online and mobile banking platforms receive moderately positive scores from users. Out of 10 customer reviews on both iOS and Android platforms, the Suncrest Bank mobile app rates a 4.4 out of 5 (compared to the national average of 3.8). You can access Suncrest Bank's mobile app to manage your funds by reviewing current statements, transferring funds as well as reaching support representatives. Suncrest Bank gets a superb consumer satisfaction score based on relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.4/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

Suncrest Bank is currently a medium-size bank owning $529 million in assets as well as deposits totaling $467 million. Suncrest Bank's Texas Ratio is 1.51%, denoting that Suncrest Bank is in superb financial well-being and far from failure. Additionally, Suncrest 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 Suncrest Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $50
Checking Account 0.02% APY $1
Certificates of Deposit
  • 12 Month: 0.40% APY
  • 24 Month: 0.45% APY
  • 36 Month: 0.70% APY
  • 48 Month: 0.70% APY
  • 60 Month: 1.01% APY
$1000 for all terms
Money Market Account 0.03% APY $10000

Suncrest Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Suncrest Bank 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. Suncrest Bank's CD rates are fair as compared against the national average.

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Find a Suncrest Bank Near Me

Suncrest Bank has eight locations in the U.S.

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