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Sutton Bank Review

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Sutton Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Sutton Bank was founded in 1878 with its headquarters in Attica, Ohio. It has $500 million in assets and $439 million in deposits, ranking it as a medium-size bank. Sutton Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. At a SmartAsset rating of 3.7 out of 5 stars, Sutton Bank should be near the middle of the pack in your search for a bank. Sutton Bank provides customers with a varied selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Sutton Bank has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, Sutton Bank's most basic checking account does not have a monthly maintenance fee. Locating an institution with no-fee checking and a high savings APY is your best option for gaining the most income from your deposits while having 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 0.10%, Sutton Bank ranks poorly compared to the national average. Its one-year CD has a rate of 0.35%, while its highest-yielding money market account earns at a rate of 0.35%. Given its noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

How Sutton Bank's Savings Rates Compare

Sutton Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Sutton Bank has generally extremely low fees in comparison to the national average. With no monthly fee, Sutton Bank is perfect for people who want a simple banking experience. Sutton Bank unfortunately does not reimburse out-of-network ATM charges, meaning you will need to find a Sutton Bank ATM or accept the cost of withdrawal.

Monthly Fee $0 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

Sutton Bank is a brick-and-mortar bank, with nine total branches in Ohio. It also offers access to mobile and web apps for easy access and banking on the go. It does not have all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Friday, 8:00 a.m. to 6:00 p.m. ET; Saturday, and 8:00 a.m. to 12:00 p.m. ET. You can use Sutton Bank's app to control your finances by checking monthly statements, sending and receiving money as well as reaching support representatives. Sutton Bank gets an exceptional consumer satisfaction score due to relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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

SmartAsset Average: 4.8

Sutton Bank is currently a medium-size bank and owns $500 million in assets and deposits totaling $439 million. Its Texas Ratio is 11.68%, denoting that the bank is in good financial condition and unlikely to fail. Additionally, Sutton Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

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 Sutton Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $50
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 0.35% APY
  • 24 Month: 0.55% APY
  • 36 Month: 0.75% APY
$1000 for all terms
Money Market Account 0.25% APY $10000

Sutton Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Sutton Bank does not have the best savings rate, which means you should consider 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. Sutton Bank's CD rates are fair as compared against the national average.

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Find a Sutton Bank Near Me

Sutton Bank has nine physical locations in the U.S.

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