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

The Fauquier Bank Review

Your Details Done
by Updated
The Fauquier Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1902, The Fauquier Bank has $644 million in assets as well as deposits totaling $570 million, making the institution a medium-size bank. The Fauquier Bank, whose headquarters are in Warrenton, Virginia, has above-average customer service access with a live chat feature, which is helpful for those that work during typical customer service hours. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a commendable 4.4 stars out of 5, The Fauquier Bank proves it is a great bank that you should seriously consider. The Fauquier Bank has a full selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts and mortgage products. It has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, the bank's most basic checking does not have a monthly charge. Locating an institution with no-fee checking and a high savings APY is the best bet for getting the highest income on your deposits alongside convenient 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 national average. The Fauquier Bank's one-year CD earns at a rate of 1.45%, while its highest-yielding money market account earns at a rate of 0.50%. Given The Fauquier Bank's poor savings rate, you should consider 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
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

The Fauquier Bank charges its customers extremely low fees as compared against the national average. The Fauquier Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. The Fauquier Bank unfortunately does not refund out-of-network ATM charges, which means you will be required to search for 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
Back to Overview

Service Quality

4.1
SmartAsset Average: 3.7

The Fauquier Bank is a brick-and-mortar bank, with 11 total branches in Virginia. With mobile and web apps, The Fauquier Bank makes account access convenient, even on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its customer service 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 their banking questions or needs, giving customers an easy access point throughout the day. The Fauquier Bank's online and mobile banking platforms receive moderate scores from users. With 83 ratings on Apple and Android platforms, the The Fauquier Bank mobile app has an overall rating of 3.8 out of 5 (compared to the national average of 3.8). The Fauquier Bank's mobile app lets you control your accounts by monitoring account balances, sending and receiving funds and reaching support representatives. The Fauquier Bank gets an outstanding consumer satisfaction score based on relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial 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
Back to Overview

Financial Health

4.7
SmartAsset Average: 4.8

The Fauquier Bank is a medium-size bank owning $644 million in assets and deposits totaling $570 million. The Fauquier Bank has a strong Texas Ratio of 7.12%, indicating that the bank is in good financial condition and improbable to fail. 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.

Back to Overview

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: 1.45% APY
  • 24 Month: 1.90% APY
  • 36 Month: 2.10% APY
$500 for all terms
Money Market Account 0.4% APY $500

The Fauquier Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. The Fauquier Bank does not have the best savings rate, which means you should think about 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 average U.S. bank.

Back to Overview

Find a The Fauquier Bank Near Me

The Fauquier Bank has 11 branches 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