The Bank of Greene County Review

Overview

The Bank of Greene County started in 1974 and its headquarters are located in Catskill, New York. The Bank of Greene County handles assets of $1 billion along with $922 million in deposits, making it a medium-size bank. The Bank of Greene County lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a commendable 4.2 stars out of 5, The Bank of Greene County proves it is a solid contender in your bank search. The Bank of Greene County offers a full choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts and mortgage products. It has a fair savings rate; you can find higher rates with other banks. Finding an institution with free checking and a high savings APY is your best bet for getting the highest income on your deposits while maintaining easy access to your money.

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

The Bank of Greene County has a savings rate of 0.20%, which is fair in comparison to other U.S. banks. Its one-year and five-year term lengths CDs earn at a rate of 1.00% and 2.25%, respectively, while its highest-yielding money market account has an APY of 0.50%. Given its poor savings rate, you should think about opting for higher earning savings accounts with other banks.

How The Bank of Greene County's Savings Rates Compare

There is insufficient data on The Bank of Greene County's fees to provide a full SmartAsset rating.

The Bank of Greene County is a brick-and-mortar bank, with 15 total branches in New York. It also offers access to mobile and web apps for a simple mobile-banking experience. The Bank of Greene County gets high marks from customers for its mobile platform. Out of 350 ratings on Apple and Android platforms, the The Bank of Greene County mobile app is scored at 4.7 out of 5 (compared to the national average of 3.8). You can utilize The Bank of Greene County's mobile app to control your finances by looking at monthly statements, transferring money as well as accessing support representatives. The Bank of Greene County receives a superb consumer satisfaction score due to comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

The Bank of Greene County ranks as a medium-size bank owning $1 billion in assets and deposits totaling $922 million. It has an excellent Texas Ratio of 4.65%, signifying that The Bank of Greene County is in terrific financial shape and unlikely to fail. Additionally, The Bank of Greene County 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.

Products Offered

The Bank of Greene County has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. The Bank of Greene County 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. The Bank of Greene County's CD rates are fair in comparison to the average U.S. bank.

Find a The Bank of Greene County Near Me

The Bank of Greene County has 15 branches in the U.S.