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

The Bank of Princeton Review

Your Details Done
by Updated
The Bank of Princeton Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 2007, The Bank of Princeton has assets totaling $1 billion as well as deposits totaling $1 billion, making it a medium-size bank. The Bank of Princeton, whose headquarters are in Princeton, New Jersey, 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 offerings. Overall, The Bank of Princeton is a respectable bank that gets the job done, with a score of 4.0 stars out of 5 from the SmartAsset experts. The Bank of Princeton offers a varied choice of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, The Bank of Princeton's most basic checking does not carry a monthly charge. Locating a checking account with no monthly fee as well as a savings account with a high interest rate at the same institution is your best bet for getting the most income on your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.0/5
National Average: 4.1

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

Rates

3.6
SmartAsset Average: 3.5

With a savings rate of 0.10%, The Bank of Princeton ranks poorly in comparison to the average U.S. bank. Its one-year and five-year term lengths CDs earn at a rate of 1.40% and 2.30%, respectively, while its highest-yielding money market account earns at a rate of 0.30%. Given its poor savings rate, you should think about opting for higher earning savings accounts with other banks.

How The Bank of Princeton's Savings Rates Compare

The Bank of Princeton Savings 0.10 National Average 0.26 Compare Offers
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

The Bank of Princeton has typically extremely low fees compared to other U.S. banks. With no monthly fee, The Bank of Princeton's checking account is perfect for those who need an easy banking experience. For those who frequently visit the ATM, it is ideal because it has no out-of-network ATM fees. The Bank of Princeton does not refund out-of-network ATM fees, which means you'll have to locate a The Bank of Princeton ATM or eat 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
Back to Overview

Service Quality

2.5
SmartAsset Average: 3.7

The Bank of Princeton is a brick-and-mortar bank, with 13 total bank locations in New Jersey and Pennsylvania. With mobile and web apps, The Bank of Princeton makes account access convenient, even on the go. You can utilize The Bank of Princeton's mobile app to control your accounts by checking account balances, sending and receiving funds as well as accessing support representatives. The Bank of Princeton receives a superb consumer satisfaction rating due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.8
SmartAsset Average: 4.8

The Bank of Princeton is currently a medium-size bank with $1 billion in assets as well as deposits totaling $1 billion. Its Texas Ratio is 5.56%, signifying that the bank is in good financial health and improbable to fail. Additionally, The Bank of Princeton is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

5.56%
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 The Bank of Princeton to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.05% APY $2500
Certificates of Deposit
  • 12 Month: 1.40% APY
  • 24 Month: 2.00% APY
  • 36 Month: 2.05% APY
  • 48 Month: 2.15% APY
  • 60 Month: 2.30% APY
$500 for all terms
Money Market Account 0.15% APY $10000

The Bank of Princeton 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 Princeton does not have the best savings rate, which means you should think about 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 Princeton's CD rates are fair in comparison to other U.S. banks.

Back to Overview

Find a The Bank of Princeton Near Me

The Bank of Princeton has 13 physical branches in 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