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Tioga State Bank Review

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Tioga State Bank Savings
0.03% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 1884, Tioga State Bank has assets totaling $471 million and deposits totaling $366 million, which makes it a medium-size bank. Tioga State Bank, whose headquarters are in Spencer, New York, 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 offerings. With a commendable 4.1 stars out of 5, Tioga State Bank is a respectable bank that deserves your consideration. Tioga State Bank provides customers with a choice of banking products, including savings accounts, checking accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Tioga State Bank's ordinary checking account does not have a monthly fee. Banks that offer free checking, in addition to a high savings APY are your best option for getting the most income from your deposits alongside 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

Tioga State Bank features a savings rate of 0.03%, which is fair compared to the average U.S. bank. Tioga State Bank's one-year CD earns at a rate of 0.70% and the five-year CD has a rate of 1.51%, while its highest-yielding money market account earns at a rate of 0.08%. Given Tioga State Bank's poor savings rate, you should consider looking elsewhere to open savings accounts.

How Tioga State Bank's Savings Rates Compare

Tioga State Bank Savings 0.03 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Tioga State Bank has generally extremely low fees in comparison to the average U.S. bank. With no monthly fee, Tioga State Bank's checking account is ideal for people who need a hassle-free checking account. Tioga State Bank unfortunately doesn't refund out-of-network ATM charges, which means you will be required to locate a Tioga State Bank ATM or accept the 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

Tioga State Bank is a brick-and-mortar bank, with 11 total branches in New York. It also offers access to mobile and web apps for a simple mobile-banking experience. Tioga State Bank's online and mobile banking services receive poor scores from customers. The Tioga State Bank mobile app rates a 3.4 out of 5 (out of 36 reviews on Apple and Android) compared to the national average of 3.8. Tioga State Bank's mobile app allows you to manage your accounts by monitoring monthly statements, sending and receiving money as well as accessing customer service. Tioga State Bank gets an exceptional consumer satisfaction rating due to relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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

Tioga State Bank ranks as a medium-size bank with $471 million in assets and deposits totaling $366 million. Tioga State Bank's Texas Ratio is 5.02%, signifying that Tioga State Bank is in fine financial condition and improbable to fail. Additionally, Tioga State 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 Tioga State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.03% APY $250
Checking Account 0.03% APY $2500
Certificates of Deposit
  • 12 Month: 0.70% APY
  • 24 Month: 0.88% APY
  • 36 Month: 1.10% APY
  • 48 Month: 1.41% APY
  • 60 Month: 1.51% APY
$1000 for all terms
Money Market Account 0.03% APY $2500

Tioga State Bank offers several deposit products like savings accounts, checking accounts and CDs to give you many options to manage your money. Tioga State 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. Tioga State Bank's CD rates are fair compared to the average U.S. bank.

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Find a Tioga State Bank Near Me

Tioga State Bank has 11 physical locations in the U.S.

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