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The Ohio Valley Bank Company Review

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The Ohio Valley Bank Company Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1872, The Ohio Valley Bank Company has $1 billion in assets and $860 million in deposits, which makes the institution a medium-size bank. The Ohio Valley Bank Company, whose headquarters are in Gallipolis, Ohio, lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a poor 3.3 stars out of 5, The Ohio Valley Bank Company proves it is a lower-rated bank that might not serve all your needs. The Ohio Valley Bank Company has a variety of product offerings, including savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. The Ohio Valley Bank Company has a fair savings rate; you can find higher rates with other banks. The bank's standard checking account has a $8.00 monthly fee, which ranks on the higher end of monthly fees. Finding an institution with no-fee checking, in addition to a high interest rate savings account is the best option for gaining the most income on your deposits alongside convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.3/5
National Average: 4.1

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

Rates

3.4
SmartAsset Average: 3.5

The Ohio Valley Bank Company has a savings rate of 0.10%, which is fair compared to the national average. Its one-year CD has a rate of 1.01% and the five-year CD has a rate of 1.75%, while its highest-yielding money market account earns at a rate of 0.10%. Given The Ohio Valley Bank Company's noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How The Ohio Valley Bank Company's Savings Rates Compare

The Ohio Valley Bank Company Savings 0.10 National Average 0.26 Compare Offers
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Fees

2.0
SmartAsset Average: 4.4

The Ohio Valley Bank Company charges customers high fees in comparison to the average U.S. bank. The Ohio Valley Bank Company's checking account has a monthly fee of $8.00, rating it fair for anyone looking for a simple account. The Ohio Valley Bank Company unfortunately does not refund out-of-network ATM fees, which means you will be required to search for a The Ohio Valley Bank Company ATM or accept the ATM charge.

Monthly Fee $8.00 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

3.3
SmartAsset Average: 3.7

The Ohio Valley Bank Company is a brick-and-mortar bank, with 17 total branches in Ohio and West Virginia. It also offers access to mobile and web apps for a straightforward mobile-banking experience. The Ohio Valley Bank Company's online and mobile banking platforms receive mediocre feedback from users. The The Ohio Valley Bank Company mobile app has been given a 2.8 out of 5 (with 56 reviews on iOS and Android) compared to the national average of 3.8. The Ohio Valley Bank Company's mobile app allows you to manage your funds by monitoring current statements, sending and receiving funds as well as accessing customer service. The Ohio Valley Bank Company receives an outstanding consumer satisfaction rating due to comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 2.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.5
SmartAsset Average: 4.8

The Ohio Valley Bank Company is currently a medium-size bank and manages assets totaling $1 billion and $860 million in deposits. It has a strong Texas Ratio of 10.40%, signifying that the bank is in fine financial health and unlikely to fail. Additionally, The Ohio Valley Bank Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

10.4%
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 Ohio Valley Bank Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Checking Account 0.05% APY $1500
Certificates of Deposit
  • 12 Month: 1.01% APY
  • 24 Month: 1.30% APY
  • 36 Month: 1.40% APY
  • 48 Month: 1.50% APY
  • 60 Month: 1.75% APY
$2500 for all terms
Money Market Account 0.1% APY $10000

The Ohio Valley Bank Company has several deposit products like savings accounts, checking accounts and CDs that provide you with many options to manage your money. The Ohio Valley Bank Company 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 Ohio Valley Bank Company's CD rates are fair as compared against the national average.

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Find a The Ohio Valley Bank Company Near Me

The Ohio Valley Bank Company has 17 locations in the U.S.

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