The Village Bank was founded in 1910 with its headquarters in Auburndale, Massachusetts. The Village Bank owns assets of $1 billion as well as deposits totaling $941 million, which makes it a medium-size bank. The Village Bank 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 in-person service, in addition to its online and mobile offerings. Overall, The Village Bank is a great bank that you should seriously consider, with a score of 4.4 stars out of 5 from the SmartAsset team. The Village Bank provides customers with multiple banking products, which include savings accounts, checking accounts, CDs, IRAs and mortgage products. The Village Bank 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 bank's most basic checking account does not carry a monthly fee. Using a bank with free checking, in addition to a high savings APY is the best bet for returning the highest income from your deposits alongside easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
The Village Bank has a savings rate of 0.20%, which is poor in comparison to the average U.S. bank. The Village Bank's one-year and five-year term lengths CDs earn at a rate of 1.50% and 2.50%, respectively. Given The Village Bank's below average savings rate, you should think about choosing another bank to earn more on your deposits.
How The Village Bank's Savings Rates Compare
The Village Bank generally has extremely low fees as compared against the national average. The Village Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. Also, at $30.00, its overdraft fee is noticeably lower than the national average overdraft fee. The Village Bank unfortunately does not refund out-of-network ATM charges, meaning you'll need to find a The Village Bank ATM or accept the withdrawal fee.
The Village Bank is a brick-and-mortar bank, with eight total branches in Massachusetts. It also offers access to mobile and web apps for straightforward 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 gets inferior marks from customers for its online presence. With 27 ratings on Apple and Android platforms, the The Village Bank mobile app has an overall rating of 3.4 out of 5 (compared to the national average of 3.8). The Village Bank's mobile app allows you to control your finances by checking current statements, transferring money as well as accessing support representatives. The Village Bank gets an outstanding consumer satisfaction score due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
The Village Bank ranks as a medium-size bank and owns assets totaling $1 billion as well as $941 million in deposits. The Village Bank's Texas Ratio is 0.51%, signifying that the bank is in terrific financial health and far from 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.Back to Overview
Compare The Village Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.2% APY||$20|
|Checking Account||0.2% APY||$20|
|Certificates of Deposit|| ||$20 for all terms|
The Village Bank has several deposit products including savings accounts, checking accounts and CDs to give you 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 in comparison to the national average.Back to Overview
Find a The Village Bank Near Me
The Village Bank has eight physical locations in the U.S.Back to Overview