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

Overview

Founded in 1872, The Ohio Valley Bank Company has assets totaling $1 billion as well as $860 million in deposits, which makes it a medium-size bank. The Ohio Valley Bank Company, whose headquarters are in Gallipolis, Ohio, 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. SmartAsset experts rated The Ohio Valley Bank Company 3.3 out of 5 stars, which means it is a fair bank that does not stack up to some of the other banks. The Ohio Valley Bank Company has an array product offerings, including savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product features a monthly fee of $8.00, which places it at the higher end of monthly fees. Using a bank with free checking as well as a high savings APY is your best bet for accruing 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

With a savings rate of 0.10%, The Ohio Valley Bank Company ranks poorly compared to the average U.S. bank. Its CDs feature a rate of 1.01% and 1.75% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 1.39%. Given The Ohio Valley Bank Company's noncompetitive savings rate, you should think about other options to earn more on your deposits.

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 typically has high fees in comparison to other U.S. banks. At $8.00/month, The Ohio Valley Bank Company is not great for those who want a simple checking account. The Ohio Valley Bank Company unfortunately does not reimburse out-of-network ATM charges, meaning you'll need to locate a The Ohio Valley Bank Company ATM or pay the withdrawal fee.

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 bank locations 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 services receive mediocre marks from customers. The The Ohio Valley Bank Company mobile app is rated at 2.8 out of 5 (out of 56 customer reviews on Apple and Android) compared to the national average of 3.8. The Ohio Valley Bank Company's mobile app lets you control your funds by checking monthly statements, transferring money and accessing customer service. The Ohio Valley Bank Company receives a superb consumer satisfaction score due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored 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 ranks as a medium-size bank with assets totaling $1 billion as well as $860 million in deposits. Its Texas Ratio is 10.40%, denoting a tiny chance of failure. 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 Accounts 1.39% APY 1.39% APY $10000 $15000

The Ohio Valley Bank Company has several deposit products including 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 taking a look 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 compared to other U.S. banks.

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Find a The Ohio Valley Bank Company Near Me

The Ohio Valley Bank Company has 17 physical branches across the U.S.

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