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The Piedmont Bank Review

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The Piedmont Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 2006, The Piedmont Bank has assets totaling $820 million as well as deposits totaling $694 million, which makes it a medium-size bank. The Piedmont Bank, whose headquarters are in Norcross, Georgia, 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 access to service representatives at a physical location, in addition to its online and mobile offerings. On the whole, The Piedmont Bank is among the top banks, and should be given strong consideration, with a score of 4.5 stars out of 5 from the SmartAsset team. The Piedmont Bank offers a full array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. The Piedmont Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, The Piedmont Bank's most basic checking account does not have a monthly charge. Locating a bank with free checking and a high savings APY is your best option for accruing the highest income from your deposits while maintaining convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

The Piedmont Bank has a savings rate of 0.25%, which is fair in comparison to the national average. The Piedmont Bank's one-year CD earns at a rate of 2.00% and the five-year CD earns at a rate of 2.60%, while its highest-yielding money market account has an APY of 0.60%. Given its poor savings rate, you should consider looking at the competition to open savings accounts.

How The Piedmont Bank's Savings Rates Compare

The Piedmont Bank Savings 0.25 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

The Piedmont Bank has generally extremely low fees in comparison to other U.S. banks. With no monthly fee, The Piedmont Bank is perfect for people who want a basic checking account. The Piedmont Bank does not reimburse out-of-network ATM charges, which means you'll need to locate a The Piedmont Bank ATM or eat the withdrawal fee.

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

SmartAsset Average: 3.7

The Piedmont Bank is a brick-and-mortar bank, with 10 total branches in Georgia. It also offers access to mobile and web apps for a simple mobile-banking experience. The Piedmont Bank receives reasonably high praise from customers for its mobile app. Out of 4 ratings on iOS and Android platforms, the The Piedmont Bank mobile app rates a 4.0 out of 5 (compared to the national average of 3.8). You can utilize The Piedmont Bank's mobile app to control your funds by looking at current statements, sending and receiving money as well as accessing support representatives. The Piedmont Bank receives an excellent consumer satisfaction score based on comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

The Piedmont Bank is a medium-size bank owning $820 million in assets and $694 million in deposits. Its Texas Ratio is 8.97%, signifying that The Piedmont Bank is in good financial health and unlikely to fail. Additionally, The Piedmont Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 Piedmont Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $100
Checking Account 0.2% APY $1000
Certificates of Deposit
  • 12 Month: 2.00% APY
  • 24 Month: 2.60% APY
  • 36 Month: 2.25% APY
  • 48 Month: 2.25% APY
  • 60 Month: 2.60% APY
$500 for all terms
Money Market Account 0.6% APY $10000

The Piedmont 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 Piedmont Bank does not have the best savings rate, which means you should consider other options 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 Piedmont Bank's CD rates are fair in comparison to other U.S. banks.

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Find a The Piedmont Bank Near Me

The Piedmont Bank has 10 locations in the U.S.

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