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The Bank of Greene County Review

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The Bank of Greene County Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1974, The Bank of Greene County has $1 billion in assets as well as $922 million in deposits, which makes the institution a medium-size bank. The Bank of Greene County, whose headquarters are in Catskill, New York, lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. We gave The Bank of Greene County a 4.2 out of 5 stars, suggesting it is a great choice and should warrant serious consideration. The Bank of Greene County has a full array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts and mortgage products. The Bank of Greene County has a fair savings rate; you can find higher rates with other banks. Using an institution with no-fee checking, in addition to a high interest rate savings account is the best bet for accruing the highest income on your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

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

Rates

3.5
SmartAsset Average: 3.5

The Bank of Greene County has a savings rate of 0.20%, which is poor in comparison to the national average. Its one-year CD has a rate of 0.85% and the five-year CD has a rate of 2.15%, while its highest-yielding money market account has a rate of 0.35%. Given The Bank of Greene County's below average savings rate, you should think about choosing another bank to earn more on your deposits.

How The Bank of Greene County's Savings Rates Compare

The Bank of Greene County Savings 0.20 National Average 0.26 Compare Offers
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Fees

NR
SmartAsset Average: 4.4

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

Monthly Fee N/A 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

4.3
SmartAsset Average: 3.7

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 easy access and banking on the go. The Bank of Greene County gets high praise from users for its mobile platform. The The Bank of Greene County mobile app rates a 4.7 out of 5 (out of 350 ratings on iOS and Android) compared to the national average of 3.8. The Bank of Greene County's mobile app lets you manage your funds by looking at monthly statements, transferring funds as well as accessing customer service. The Bank of Greene County gets a superb consumer satisfaction score based on relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

The Bank of Greene County ranks as a medium-size bank and manages assets totaling $1 billion as well as deposits totaling $922 million. The Bank of Greene County's Texas Ratio is 4.65%, suggesting a low likelihood of failure. 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

4.65%
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 The Bank of Greene County to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $10
Checking Account 0.01% APY $1
Certificates of Deposit
  • 12 Month: 0.85% APY
  • 24 Month: 0.50% APY
  • 36 Month: 0.60% APY
  • 48 Month: 0.75% APY
  • 60 Month: 2.15% APY
$1000 for all terms
Money Market Account 0.1% APY $1

The Bank of Greene County offers several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. The Bank of Greene County does not have the best savings rate, which means you should consider other options 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 as compared against the national average.

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Find a The Bank of Greene County Near Me

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

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