Loading
Tap on the profile icon to edit
your financial details.

Sutton Bank Review

Your Details Done
by Updated
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Sutton Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1878, Sutton Bank has $500 million in assets along with $439 million in deposits, making it a medium-size bank. Sutton Bank, whose headquarters are in Attica, Ohio, 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. We ranked the bank at a 3.7 stars out of 5, which means Sutton Bank is an acceptable bank choice, but may leave you wanting more. Sutton Bank offers a full array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Sutton Bank offers an option without a maintenance or monthly fee. Institutions that offer free checking, in addition to a high interest rate savings account are your best bet for getting the most income from your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

3.7/5
National Average: 4.1

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

Rates

2.9
SmartAsset Average: 3.5

With a savings rate of 0.10%, Sutton Bank ranks poorly in comparison to the national average. Sutton Bank's one-year CD has a rate of 0.35%, while its highest-yielding money market account earns at a rate of 0.40%. Given its poor savings rate, you should think about other options to earn more on your deposits.

How Sutton Bank's Savings Rates Compare

Sutton Bank Savings 0.10 National Average 0.26 Compare Offers
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

On average, Sutton Bank charges customers extremely low fees in comparison to the average U.S. bank. With no monthly fee, Sutton Bank is perfect for people who want a basic banking experience. Sutton Bank unfortunately does not refund out-of-network ATM fees, meaning you will be required to locate a Sutton Bank ATM or pay 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
Back to Overview

Service Quality

2.5
SmartAsset Average: 3.7

Sutton Bank is a brick-and-mortar bank, with nine total bank locations in Ohio. It also offers access to mobile and web apps for a straightforward mobile-banking experience. It does not offer all-day customer service with representatives. You can get help during its 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 access Sutton Bank's mobile app to manage your finances by looking at monthly statements, transferring money and accessing support representatives. Sutton Bank gets a superb consumer satisfaction rating due to comparatively few complaints reported 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
Back to Overview

Financial Health

4.5
SmartAsset Average: 4.8

Sutton Bank ranks as a medium-size bank owning assets totaling $500 million as well as deposits totaling $439 million. Its Texas Ratio is 11.68%, indicating that Sutton Bank is in fine financial condition and far from failure. 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

11.68%
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.

Back to Overview

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 Accounts 0.35% APY 0.4% APY $10000 $15000

Sutton Bank has 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 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. Sutton Bank's CD rates are fair as compared against the national average.

Back to Overview

Find a Sutton Bank Near Me

Sutton Bank has nine locations across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure