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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

Founded in 2008, Suncrest Bank has assets totaling $529 million along with $467 million in deposits, making it a medium-size bank. Suncrest Bank, whose headquarters are in Visalia, California, lacks premium access to support representatives, 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 apps. Overall, Suncrest Bank is a solid pick to be your bank, with a rating of 4.4 stars out of 5 from our team. Suncrest Bank provides customers with a full suite of product offerings, which include 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 standard checking does not have a monthly maintenance fee. Locating a checking account with no monthly fee, in addition to a savings account with a high APY at the same bank is your best bet for getting the most income on your deposits while maintaining easy access to your funds.

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 in comparison to other U.S. banks. Suncrest Bank's one-year CD earns at a rate of 0.40% and the five-year CD earns at a rate of 1.01%, while its highest-yielding money market account has an APY of 0.05%. Given its below average savings rate, you should think about looking at the competition to open savings accounts.

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 generally has extremely low fees compared to the average U.S. bank. With no monthly fee, Suncrest Bank is ideal for those who want a basic checking account. For those who use cash often, Suncrest Bank is ideal because it has no out-of-network ATM fees. Suncrest Bank unfortunately does not reimburse out-of-network ATM charges, meaning you will need to locate a Suncrest Bank ATM or pay the fee.

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 an easy mobile-banking experience. Suncrest Bank's online and mobile banking services receive moderately decent scores from customers. With 10 customer reviews across Apple and Android platforms, the Suncrest Bank mobile app has an overall rating of 4.4 out of 5 (compared to the national average of 3.8). Suncrest Bank's mobile app allows you to control your bank accounts by checking current statements, sending and receiving money as well as reaching customer service. Suncrest Bank gets a superb consumer satisfaction rating 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 ranks as a medium-size bank with assets totaling $529 million and $467 million in deposits. It has an excellent Texas Ratio of 1.51%, denoting that the bank is in outstanding financial condition and improbable to fail. 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 $1
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 Accounts 0.03% APY 0.05% APY $10000 $15000

Suncrest Bank has several deposit products like 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 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. Suncrest Bank's CD rates are fair in comparison to other U.S. banks.

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Find a Suncrest Bank Near Me

Suncrest Bank has eight branches in the U.S.

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