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The Village Bank Review

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The Village Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 1910, The Village Bank has $1 billion in assets along with $941 million in deposits, classifying the institution as a medium-size bank. The Village Bank, whose headquarters are in Auburndale, Massachusetts, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. At a SmartAsset rating of 4.4 stars out of 5, The Village Bank should be solidly in contention for your choice of bank. The Village Bank has an array banking products, including savings accounts, checking accounts, CDs, IRAs and mortgage products. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, The Village Bank's standard checking account does not have a monthly fee. Banks that offer no-fee checking, in addition to a high interest rate savings account are your best option for returning the most income from your deposits while having 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

With a savings rate of 0.20%, The Village Bank ranks poorly in comparison to the national average. Its one-year CD earns at a rate of 1.50% and the five-year CD earns at a rate of 2.00%. Given The Village Bank's noncompetitive savings rate, you should think about other options to earn more on your deposits.

How The Village Bank's Savings Rates Compare

The Village Bank Savings 0.20 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

The Village Bank charges customers extremely low fees compared to the national average. With no monthly fee, The Village Bank's checking account is ideal for those who want an easy checking account. Additionally, at $30.00, its overdraft fee is markedly lower than the average overdraft fee charged by U.S. banks. The Village Bank unfortunately doesn't refund out-of-network ATM charges, meaning you'll need to find a The Village Bank 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 $30.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

The Village Bank is a brick-and-mortar bank, with eight total bank locations in Massachusetts. It also offers access to mobile and web apps for simple access and banking on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday and 7:00 a.m. to 6:00 p.m. ET. The Village Bank receives poor feedback from customers for its mobile banking services. Out of 27 ratings across Apple and Android platforms, the The Village Bank mobile app rates a 3.4 out of 5 (compared to the national average of 3.8). You can utilize The Village Bank's mobile app to control your funds by looking at account balances, transferring money as well as accessing support representatives. The Village Bank receives a superb consumer satisfaction rating due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.4/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

The Village Bank is a medium-size bank and has $1 billion in assets as well as $941 million in deposits. It has an excellent Texas Ratio of 0.51%, denoting a minute likelihood of failure. Additionally, The Village Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 Village Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $20
Checking Account 0.2% APY $20
Certificates of Deposit
  • 12 Month: 1.50% APY
  • 24 Month: 2.00% APY
  • 36 Month: 2.00% APY
  • 48 Month: 2.00% APY
  • 60 Month: 2.00% APY
$20 for all terms

The Village Bank has several deposit products like savings accounts, checking accounts and CDs that provide you with many options to manage your money. The Village Bank does not have the best savings rate, which means you should consider 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 Village Bank's CD rates are fair as compared against the national average.

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Find a The Village Bank Near Me

The Village Bank has eight branches across the U.S.

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