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Touchmark National Bank Review

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Touchmark National Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Touchmark National Bank started in 2008 with headquarters in Alpharetta, Georgia. Touchmark National Bank owns $385 million in assets as well as $310 million in deposits, which makes it a small bank. Touchmark National Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a score of 4.2 stars out of 5, Touchmark National Bank should be solidly in contention for your choice of bank. Touchmark National Bank offers a varied choice of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Touchmark National Bank offers an option without a monthly fee. Obtaining a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same institution is the best option for getting the most income on your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

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

Rates

4.1
SmartAsset Average: 3.5

Touchmark National Bank has a savings rate of 0.15%, which is poor compared to the national average. Touchmark National Bank's one-year CD earns at a rate of 2.30% and the five-year CD has a rate of 3.00%, while its highest-yielding money market account earns at a rate of 0.30%. Given Touchmark National Bank's poor savings rate, you should consider opting for higher earning savings accounts with other banks.

How Touchmark National Bank's Savings Rates Compare

Touchmark National Bank Savings 0.15 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Touchmark National Bank has typically extremely low fees compared to the national average. With no monthly fee, Touchmark National Bank is ideal for those who want a basic banking experience. Touchmark National Bank unfortunately doesn't reimburse out-of-network ATM charges, which means you'll need to search for a Touchmark National Bank ATM or accept the cost of withdrawal.

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

2.5
SmartAsset Average: 3.7

Touchmark National Bank is a brick-and-mortar bank, with one total branches in Georgia. With mobile and web apps, Touchmark National Bank makes mobile banking straightforward, even on the go. You can access Touchmark National Bank's mobile app to manage your funds by monitoring monthly statements, transferring money and reaching customer service. Touchmark National Bank receives a superb consumer satisfaction score due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

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

5.0
SmartAsset Average: 4.8

Touchmark National Bank is currently a small bank owning assets totaling $385 million as well as deposits totaling $310 million. Touchmark National Bank's Texas Ratio is 0.00%, denoting a negligible likelihood of failure. Additionally, Touchmark National 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 Touchmark National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $1
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 2.30% APY
  • 24 Month: 2.75% APY
  • 36 Month: 2.80% APY
  • 48 Month: 2.90% APY
  • 60 Month: 3.00% APY
$10000 for all terms
Money Market Account 0.3% APY $10000

Touchmark National Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Touchmark National 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. Touchmark National Bank's CD rates are fair as compared against the national average.

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Find a Touchmark National Bank Near Me

Touchmark National Bank has one physical branches across the U.S.

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