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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

Started in 2008, Touchmark National Bank has $385 million in assets along with deposits totaling $310 million, ranking the institution as a small bank. Touchmark National Bank, whose headquarters are in Alpharetta, Georgia, 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 access to service representatives at a physical location, in addition to its online and mobile apps. With a commendable 4.2 stars out of 5, Touchmark National Bank proves it is a great choice and should warrant serious consideration. Touchmark National Bank has a full choice of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs 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, Touchmark National Bank's standard 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 accruing the highest 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 features a savings rate of 0.15%, which is fair in comparison to the average U.S. bank. Touchmark National Bank's one-year CD earns at a rate of 2.50% and the five-year CD has a rate of 3.00%, while its highest-yielding money market account has an APY of 1.30%. Given its poor savings rate, you should think about taking a look at other banks for savings accounts.

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 charges its customers extremely low fees as compared against the national average. Its checking account has no monthly fee, making it excellent for anyone looking for a simple account. Touchmark National Bank does not refund out-of-network ATM charges, which means you will be required to locate a Touchmark National Bank ATM or eat the ATM charge.

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 bank locations in Georgia. It also offers access to mobile and web apps for an easy mobile-banking experience. Touchmark National Bank's mobile app lets you control your bank accounts by reviewing current statements, transferring money as well as reaching support representatives. Touchmark National Bank receives an outstanding consumer satisfaction rating due to comparatively few complaints registered with 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 ranks as a small bank owning $385 million in assets as well as deposits totaling $310 million. It has an excellent Texas Ratio of 0.00%, suggesting 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: 2.50% APY
  • 24 Month: 2.80% APY
  • 36 Month: 2.85% APY
  • 48 Month: 2.90% APY
  • 60 Month: 3.00% APY
$10000 for all terms
Money Market Accounts 1.3% APY 1.3% APY $10000 $15000

Touchmark National Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Touchmark National Bank does not have the best savings rate, which means you should think about looking 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. Touchmark National Bank's CD rates are fair compared to 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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