The Community Bank was founded in 1902 with headquarters in Zanesville, Ohio. It handles assets of $421 million as well as $369 million in deposits, which makes it a medium-size bank. The Community 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 access to service representatives at a physical location, in addition to its online and mobile apps. With a commendable 4.2 stars out of 5, The Community Bank proves it is a solid pick to be your bank. The Community Bank provides customers with a mixture of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. The Community Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, The Community Bank's standard checking account does not have a monthly fee. Banks that offer no-fee checking, in addition to a high savings APY are your best option for accruing the most income on your deposits alongside easy 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 0.10%, The Community Bank ranks poorly in comparison to the average U.S. bank. Its one-year CD has a rate of 0.20% and the five-year CD has a rate of 1.10%, while its highest-yielding money market account earns at a rate of 0.10%. Given The Community Bank's noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.
How The Community Bank's Savings Rates Compare
The Community Bank has generally extremely low fees compared to the national average. Its checking account has no monthly fee, making it excellent for anyone looking for a simple account. The Community Bank unfortunately does not reimburse out-of-network ATM fees, which means you will have to search for a The Community Bank ATM or eat the withdrawal fee.
The Community Bank is a brick-and-mortar bank, with 10 total branches in Ohio. With mobile and web apps, The Community Bank makes account access easy, even on the go. The Community Bank gets high marks from users for its mobile app. Out of 23 ratings across both Apple and Android platforms, the The Community Bank mobile app is scored at 4.7 out of 5 (compared to the national average of 3.8). The Community Bank's mobile app lets you control your finances by reviewing monthly statements, sending and receiving funds as well as reaching customer service. The Community Bank receives a superb consumer satisfaction score based on relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
The Community Bank is currently a medium-size bank and manages $421 million in assets as well as deposits totaling $369 million. It has a strong Texas Ratio of 13.58%, indicating that The Community Bank is in good financial condition and far from failure. Additionally, The Community 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 Community Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.1% APY||$100|
|Checking Account||0.05% APY||$5000|
|Certificates of Deposit|| ||$2500 for all terms|
|Money Market Accounts||0.05% APY 0.1% APY||$10000 $15000|
The Community 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 Community Bank 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 Community Bank's CD rates are fair compared to the national average.Back to Overview
Find a The Community Bank Near Me
The Community Bank has 10 locations across the U.S.Back to Overview