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The Fauquier Bank Review

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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 Fauquier Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1902, The Fauquier Bank has $644 million in assets and deposits totaling $570 million, ranking it as a medium-size bank. The Fauquier Bank, whose headquarters are in Warrenton, Virginia, has above-average access to customer service with a live chat feature, great for getting help during the work week. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. With a commendable 4.4 stars out of 5, The Fauquier Bank proves it is a solid contender in your bank search. The Fauquier Bank offers the full selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts and mortgage products. The Fauquier Bank has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, The Fauquier Bank's standard checking does not carry a monthly fee. Institutions that offer free checking, in addition to a high savings APY are your best option for returning the most income from your deposits alongside easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

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

Rates

3.9
SmartAsset Average: 3.5

With a savings rate of 0.20%, The Fauquier Bank ranks poorly compared to the average U.S. bank. Its one-year CD earns at a rate of 2.00%, while its highest-yielding money market account earns at an APY of 0.60%. Given The Fauquier Bank's poor savings rate, you should think about taking a look at other banks for savings accounts.

How The Fauquier Bank's Savings Rates Compare

The Fauquier Bank Savings 0.20 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

The Fauquier Bank has generally extremely low fees compared to the national average. The Fauquier Bank's checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. The Fauquier Bank doesn't reimburse out-of-network ATM charges, which means you'll be required to locate a The Fauquier Bank ATM or accept the ATM charge.

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

4.1
SmartAsset Average: 3.7

The Fauquier Bank is a brick-and-mortar bank, with 11 total bank locations in Virginia. With mobile and web apps, The Fauquier Bank makes account access straightforward, even on the go. It does not have all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 8:00 a.m. to 7:00 p.m. ET; Saturday, and 9:00 a.m. to 1:00 p.m. ET. Additionally, The Fauquier Bank customers can access live chat for customer service questions, a helpful way to reach a representative during the work day. The Fauquier Bank's online and mobile banking services get moderate feedback from users. The The Fauquier Bank mobile app rates a 3.8 out of 5 (with 83 customer reviews on iOS and Android) compared to the national average of 3.8. The Fauquier Bank's mobile app lets you manage your accounts by looking at current statements, sending and receiving money as well as reaching support representatives. The Fauquier Bank gets a superb consumer satisfaction rating based on relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

4.7
SmartAsset Average: 4.8

The Fauquier Bank ranks as a medium-size bank owning assets totaling $644 million as well as $570 million in deposits. The Fauquier Bank's Texas Ratio is 7.12%, indicating that the bank is in good financial shape and far from failure. Additionally, The Fauquier Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

7.12%
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 Fauquier Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $10
Checking Account 0.2% APY $1
Certificates of Deposit
  • 12 Month: 2.00% APY
  • 24 Month: 2.00% APY
  • 36 Month: 2.10% APY
$500 for all terms
Money Market Accounts 0.55% APY 0.6% APY $10000 $15000

The Fauquier Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. The Fauquier 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 Fauquier Bank's CD rates are fair in comparison to the national average.

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Find a The Fauquier Bank Near Me

The Fauquier Bank has 11 physical locations across the U.S.

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