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Town And Country Bank Review

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Town And Country Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Town And Country Bank first started operating in 1962 and is headquartered in Springfield, Illinois. Town And Country Bank manages assets of $743 million along with $594 million in deposits, making it a medium-size bank. Town And Country 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 access to service representatives at a physical location, in addition to its online and mobile offerings. Overall, Town And Country Bank is a solid contender in your bank search, with a score of 4.2 out of 5 stars from the SmartAsset team. Town And Country Bank offers a complete array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, 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, Town And Country Bank offers an option without a maintenance or monthly fee. Obtaining a checking account with no monthly fee and a savings account with a high interest rate at the same bank is the best option for getting the most income from your deposits alongside convenient 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

3.0
SmartAsset Average: 3.5

Town And Country Bank features a savings rate of 0.05%, which is fair in comparison to other U.S. banks. Town And Country Bank's one-year CD earns at a rate of 0.46% and the five-year CD earns at a rate of 1.24%, while its highest-yielding money market account earns at an APY of 0.09%. Given its poor savings rate, you should think about choosing another bank to earn more on your deposits.

How Town And Country Bank's Savings Rates Compare

Town And Country Bank Savings 0.05 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Town And Country Bank charges its customers extremely low fees as compared against the national average. Town And Country Bank's checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. For those who will need cash in a pinch, it is ideal because it charges no out-of-network ATM fees. Town And Country Bank unfortunately doesn't refund out-of-network ATM charges, meaning you will have to search for a Town And Country Bank ATM or pay the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

3.9
SmartAsset Average: 3.7

Town And Country Bank is a brick-and-mortar bank, with 11 total branches in Illinois. With mobile and web apps, Town And Country Bank makes account access easy, even on the go. Town And Country Bank receives fair marks from customers for its mobile app. The Town And Country Bank mobile app rates a 3.8 out of 5 (with 43 customer reviews on iOS and Android) compared to the national average of 3.8. You can use Town And Country Bank's app to control your funds by monitoring account balances, sending and receiving money as well as accessing support representatives. Town And Country Bank gets a superb consumer satisfaction score due to comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

Town And Country Bank is a medium-size bank with assets totaling $743 million and $594 million in deposits. Its Texas Ratio is 2.71%, indicating that Town And Country Bank is in superb financial health and unlikely to fail. Additionally, Town And Country 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 Town And Country Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $50
Checking Account 0.05% APY $50
Certificates of Deposit
  • 12 Month: 0.46% APY
  • 24 Month: 0.67% APY
  • 36 Month: 1.01% APY
  • 48 Month: 1.15% APY
  • 60 Month: 1.24% APY
$1000 for all terms
Money Market Account 0.09% APY $10000

Town And Country Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Town And Country 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. Town And Country Bank's CD rates are fair in comparison to the national average.

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Find a Town And Country Bank Near Me

Town And Country Bank has 11 physical locations in the U.S.

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