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

The Fountain Trust Company Review

Your Details Done
by Updated
The Fountain Trust Company Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

The Fountain Trust Company Bank first started operating in 1903 with headquarters located in Covington, Indiana. It owns $368 million in assets and deposits totaling $322 million, ranking it as a small bank. The Fountain Trust Company lacks premium access to support representatives, with no options for live chat or all-day service. 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. We gave The Fountain Trust Company Bank a 4.2 out of 5 stars, which means it is a great bank that you should seriously consider. The Fountain Trust Company offers an array banking products, which include savings accounts, checking accounts, CDs, IRAs and mortgage products. The Fountain Trust Company has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, The Fountain Trust Company offers an option without a maintenance or monthly fee. Banks that offer free checking, in addition to a high savings APY are the best option for accruing the most income from your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

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

Rates

2.8
SmartAsset Average: 3.5

The Fountain Trust Company features a savings rate of 0.05%, which is fair compared to other U.S. banks. The Fountain Trust Company's CD rates are 0.17% and 0.90% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.10%. Given its noncompetitive savings rate, you should think about taking a look at other banks for savings accounts.

How The Fountain Trust Company's Savings Rates Compare

The Fountain Trust Company Savings 0.05 National Average 0.26 Compare Offers
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

On average, The Fountain Trust Company charges customers extremely low fees in comparison to the average U.S. bank. The Fountain Trust Company's checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. The Fountain Trust Company unfortunately doesn't reimburse out-of-network ATM fees, meaning you will be required to find a The Fountain Trust Company ATM or eat 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

4.0
SmartAsset Average: 3.7

The Fountain Trust Company Bank is a brick-and-mortar bank, with 15 total bank locations in Indiana. It also offers access to mobile and web apps for straightforward access and banking on the go. The Fountain Trust Company receives moderately high praise from users for its mobile app. The The Fountain Trust Company mobile app has an overall rating of 4.1 out of 5 (out of 28 ratings on iOS and Android) compared to the national average of 3.8. The Fountain Trust Company's mobile app lets you manage your bank accounts by looking at monthly statements, transferring money and accessing support representatives. The Fountain Trust Company gets an outstanding consumer satisfaction rating due to relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.8
SmartAsset Average: 4.8

The Fountain Trust Company is a small bank with assets totaling $368 million as well as $322 million in deposits. The Fountain Trust Company's Texas Ratio is 5.31%, denoting a tiny chance of failure. Additionally, The Fountain Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

5.31%
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 Fountain Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $50
Checking Account 0.05% APY $1500
Certificates of Deposit
  • 12 Month: 0.17% APY
  • 24 Month: 0.30% APY
  • 36 Month: 0.50% APY
  • 48 Month: 0.70% APY
  • 60 Month: 0.90% APY
$1000 for all terms
Money Market Account 0.1% APY $2500

The Fountain Trust Company Bank has several deposit products including savings accounts, checking accounts and CDs that provide you with many options to manage your money. The Fountain Trust Company 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 Fountain Trust Company's CD rates are fair in comparison to the national average.

Back to Overview

Find a The Fountain Trust Company Near Me

The Fountain Trust Company has 15 physical 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