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The Cecilian Bank Review

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


The Cecilian Bank was founded in 1903 and its headquarters are located in Cecilia, Kentucky. It manages $856 million in assets and $696 million in deposits, classifying it as a medium-size bank. The Cecilian Bank lacks premium access to support representatives, 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. Coming in at a commendable 4 out of 5 stars, The Cecilian Bank is a respectable bank that gets the job done. The Cecilian Bank offers a complete array 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 interested in stress-free personal checking, The Cecilian Bank's standard checking account does not carry a monthly maintenance charge. Finding a checking account with no monthly fee, in addition to a savings account with a high APY at the same institution is the best bet for gaining the most income from your deposits while having easy access to your funds.

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%, The Cecilian Bank ranks poorly in comparison to the national average. The Cecilian Bank's one-year and five-year term lengths CDs earn at a rate of 0.75% and 2.25%, respectively, while its highest-yielding money market account has a rate of 0.10%. Given its below average savings rate, you should consider other options to earn more on your deposits.

How The Cecilian Bank's Savings Rates Compare

The Cecilian Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

The Cecilian Bank charges customers extremely low fees compared to the national average. With no monthly fee, The Cecilian Bank is ideal for those who want a simple banking experience. Also, at $32.00, The Cecilian Bank's overdraft fee is markedly lower than the national average. The Cecilian Bank unfortunately does not reimburse out-of-network ATM fees, which means you will be required to locate a The Cecilian Bank ATM or eat the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $32.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

The Cecilian Bank is a brick-and-mortar bank, with 16 total bank locations in Kentucky. With mobile and web apps, The Cecilian Bank makes mobile banking straightforward, even on the go. The Cecilian Bank's online and mobile banking services get poor feedback from customers. Out of 8 customer reviews on iOS and Android platforms, the The Cecilian Bank mobile app rates a 3.0 out of 5 (compared to the national average of 3.8). The Cecilian Bank's mobile app lets you control your finances by looking at monthly statements, sending and receiving money and reaching support representatives. The Cecilian Bank gets a superb consumer satisfaction score based on relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

The Cecilian Bank is a medium-size bank with $856 million in assets and deposits totaling $696 million. Its Texas Ratio is 10.91%, indicating a small opportunity of failure. Additionally, The Cecilian 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 The Cecilian Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Checking Account 0.05% APY $500
Certificates of Deposit
  • 12 Month: 0.75% APY
  • 24 Month: 1.15% APY
  • 36 Month: 1.55% APY
  • 48 Month: 1.65% APY
  • 60 Month: 2.25% APY
$1000 for all terms
Money Market Account 0.1% APY $10001

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

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Find a The Cecilian Bank Near Me

The Cecilian Bank has 16 physical locations in the U.S.

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