The Cecilian Bank started in 1903 with its headquarters in Cecilia, Kentucky. The Cecilian Bank manages assets of $856 million along with deposits totaling $696 million, ranking it as a medium-size bank. The Cecilian Bank lacks premium access to support representatives, 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 apps. Overall, The Cecilian Bank is a good bank that deserves your consideration, with a rating of 4.0 out of 5 stars from the SmartAsset experts. The Cecilian Bank provides customers with a complete 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 Cecilian Bank's ordinary checking account does not have a monthly fee. Finding a checking account with no monthly fee and a savings account with a high APY at the same institution is the best option for getting the most income on your deposits alongside convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.15%, The Cecilian Bank ranks poorly compared to the average U.S. bank. Its one-year CD has a rate of 1.00% and the five-year CD has a rate of 2.50%, while its highest-yielding money market account has an APY of 0.10%. Given its poor savings rate, you should think about opting for higher earning savings accounts with other banks.
How The Cecilian Bank's Savings Rates Compare
On average, The Cecilian Bank charges customers extremely low fees in comparison to the national average. With no monthly fee, The Cecilian Bank's checking account is ideal for those who need an easy banking experience. Also, at $32.00, The Cecilian Bank has a noticeably lower overdraft fee compared to that of other U.S. banks. The Cecilian Bank unfortunately doesn't reimburse out-of-network ATM fees, which means you will be required to find a The Cecilian Bank ATM or pay the ATM charge.
The Cecilian Bank is a brick-and-mortar bank, with 16 total branches in Kentucky. It also offers access to mobile and web apps for a straightforward mobile-banking experience. The Cecilian Bank's online and mobile banking platforms get mediocre scores from users. The The Cecilian Bank mobile app rates a 3.0 out of 5 (with 8 reviews on iOS and Android) compared to the national average of 3.8. The Cecilian Bank's mobile app lets you manage your bank accounts by looking at monthly statements, sending and receiving funds and accessing customer service. The Cecilian Bank gets an excellent consumer satisfaction score based on comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
The Cecilian Bank is currently a medium-size bank and handles assets totaling $856 million and deposits totaling $696 million. The Cecilian Bank's Texas Ratio is 10.91%, indicating a tiny possibility 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
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 Cecilian Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.15% APY||$100|
|Checking Account||0.05% APY||$500|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.1% APY 0.1% APY||$10000 $15000|
The Cecilian Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. The Cecilian 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. The Cecilian Bank's CD rates are fair as compared against the national average.Back to Overview
Find a The Cecilian Bank Near Me
The Cecilian Bank has 16 physical locations across the U.S.Back to Overview