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The Fountain Trust Company 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 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 started in 1903 with headquarters located in Covington, Indiana. The Fountain Trust Company owns assets of $368 million as well as $322 million in deposits, ranking it as a small bank. The Fountain Trust Company 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 in-person service, in addition to its online and mobile offerings. Coming in at a commendable 4.2 stars out of 5, The Fountain Trust Company is a great bank that you should seriously consider. The Fountain Trust Company offers multiple banking products, including savings accounts, checking accounts, CDs, IRAs and mortgage products. The Fountain Trust Company has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, The Fountain Trust Company's most basic checking account does not carry a monthly fee. Locating a bank with no-fee checking, in addition to a high savings APY is the best bet for accruing the highest income on your deposits alongside easy access to your funds.

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 as compared against the national average. Its one-year CD earns at a rate of 0.17% and the five-year CD has a rate of 0.90%, while its highest-yielding money market account has an APY of 0.10%. Given its noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How The Fountain Trust Company's Savings Rates Compare

The Fountain Trust Company Savings 0.05 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

The Fountain Trust Company Bank has generally extremely low fees in comparison to the average U.S. bank. Its checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. The Fountain Trust Company unfortunately does not reimburse out-of-network ATM charges, meaning you will be required to search for a The Fountain Trust Company ATM or eat the cost of withdrawal.

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

4.0
SmartAsset Average: 3.7

The Fountain Trust Company Bank is a brick-and-mortar bank, with 15 total branches in Indiana. With mobile and web apps, The Fountain Trust Company makes mobile banking easy, even on the go. The Fountain Trust Company's online and mobile banking services get fairly satisfactory ratings from customers. The The Fountain Trust Company mobile app has an overall rating of 4.1 out of 5 (with 28 ratings on Apple and Android) compared to the national average of 3.8. You can utilize The Fountain Trust Company's app to control your accounts by checking account balances, sending and receiving funds and reaching support representatives. The Fountain Trust Company receives a superb consumer satisfaction score due to relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

The Fountain Trust Company is currently a small bank and owns assets totaling $368 million as well as deposits totaling $322 million. Its Texas Ratio is 5.31%, suggesting that The Fountain Trust Company is in good financial health and improbable to fail. 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.

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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 Accounts 0.1% APY 0.1% APY $10000 $15000

The Fountain Trust Company Bank offers several deposit products like 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.

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Find a The Fountain Trust Company Near Me

The Fountain Trust Company has 15 physical branches across the U.S.

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