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

The Citizens Bank of Clovis Review

Your Details Done
by Updated
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
The Citizens Bank of Clovis Savings
0.60% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

The Citizens Bank of Clovis started in 1916 with its headquarters in Clovis, New Mexico. The Citizens Bank of Clovis owns $352 million in assets as well as $300 million in deposits, ranking it as a small bank. The Citizens Bank of Clovis 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. At a SmartAsset rating of 4.3 out of 5 stars, The Citizens Bank of Clovis should be solidly in contention for your choice of bank. The Citizens Bank of Clovis offers a complete selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate compared to the average savings account. The bank's standard checking product has a $2.00 monthly fee, which is acceptable compared to the average U.S. bank. Banks that offer free checking, in addition to a high savings APY are the best option for gaining the most income from your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.3/5
National Average: 4.1

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

Rates

4.5
SmartAsset Average: 3.5

The Citizens Bank of Clovis features a savings rate of 0.60%, which is fair compared to the average U.S. bank. The Citizens Bank of Clovis's one-year CD earns at a rate of 1.35%, while its highest-yielding money market account has a rate of 0.75%. Given The Citizens Bank of Clovis's poor savings rate, you should think about choosing another bank to earn more on your deposits.

How The Citizens Bank of Clovis's Savings Rates Compare

The Citizens Bank of Clovis Savings 0.60 National Average 0.26 Compare Offers
Back to Overview

Fees

3.5
SmartAsset Average: 4.4

On average, The Citizens Bank of Clovis charges its customers high fees compared to the national average. At $2.00/month, The Citizens Bank of Clovis is not ideal for people who want a simple checking account. The Citizens Bank of Clovis does not refund out-of-network ATM charges, which means you'll need to locate a The Citizens Bank of Clovis ATM or eat the cost of withdrawal.

Monthly Fee $2.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

4.3
SmartAsset Average: 3.7

The Citizens Bank of Clovis is a brick-and-mortar bank, with five total branches in New Mexico. With mobile and web apps, The Citizens Bank of Clovis makes mobile banking straightforward, even on the go. The Citizens Bank of Clovis's online and mobile banking services receive positive ratings from customers. With 41 ratings on both iOS and Android platforms, the The Citizens Bank of Clovis mobile app has an overall rating of 4.7 out of 5 (compared to the national average of 3.8). The Citizens Bank of Clovis's mobile app lets you control your bank accounts by checking current statements, transferring money and reaching support representatives. The Citizens Bank of Clovis receives an exceptional consumer satisfaction rating due to comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

5.0
SmartAsset Average: 4.8

The Citizens Bank of Clovis ranks as a small bank owning assets totaling $352 million and $300 million in deposits. Its Texas Ratio is 0.05%, suggesting a low chance of failure. Additionally, The Citizens Bank of Clovis 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 Citizens Bank of Clovis to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.6% APY $150
Checking Account 0.35% APY $500
Certificates of Deposit
  • 12 Month: 1.35% APY
  • 24 Month: 1.56% APY
  • 36 Month: 1.82% APY
  • 48 Month: 2.12% APY
$1000 for all terms
Money Market Accounts 0.65% APY 0.75% APY $10000 $15000

The Citizens Bank of Clovis 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 Citizens Bank of Clovis 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 Citizens Bank of Clovis's CD rates are fair in comparison to the average U.S. bank.

Back to Overview

Find a The Citizens Bank of Clovis Near Me

The Citizens Bank of Clovis has five locations 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