Loading
Tap on the profile icon to edit
your financial details.

Town And Country Bank Review

Your Details Done
by Updated
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Town And Country Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1962, Town And Country Bank has assets totaling $743 million as well as deposits totaling $594 million, which makes the institution a medium-size bank. Town And Country Bank, whose headquarters are in Springfield, Illinois, lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Overall, Town And Country Bank is a solid pick to be your bank, with a score of 4.2 stars out of 5 from the SmartAsset experts. Town And Country Bank provides customers with a complete selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Town And Country Bank offers an option without a maintenance or monthly fee. Locating 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 returning the most income on your deposits alongside easy access to your money.

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 poor in comparison to the national average. Town And Country Bank's one-year CD has a rate of 0.46% and the five-year CD has a rate of 1.24%, while its highest-yielding money market account has a rate 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
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

Town And Country Bank typically has extremely low fees as compared against the national average. With no monthly fee, Town And Country Bank is ideal for those who want a basic banking experience. For those who often visit the ATM, it is ideal because it charges no out-of-network ATM fees. Town And Country Bank unfortunately doesn't reimburse out-of-network ATM charges, which means you will have to find a Town And Country Bank ATM or eat the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

3.9
SmartAsset Average: 3.7

Town And Country Bank is a brick-and-mortar bank, with 11 total branches in Illinois. It also offers access to mobile and web apps for a simple mobile-banking experience. Town And Country Bank's online and mobile banking services receive fair scores from customers. The Town And Country Bank mobile app rates a 3.8 out of 5 (with 43 ratings on Apple and Android) compared to the national average of 3.8. You can access Town And Country Bank's mobile app to manage your finances by monitoring account balances, sending and receiving money and reaching customer service. Town And Country Bank gets a superb consumer satisfaction score based on comparatively few consumer complaints brought 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
Back to Overview

Financial Health

4.9
SmartAsset Average: 4.8

Town And Country Bank is a medium-size bank and handles assets totaling $743 million and deposits totaling $594 million. It has an excellent Texas Ratio of 2.71%, indicating that the bank is in terrific financial condition and far from failure. 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.

Back to Overview

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 Accounts 0.09% APY 0.09% APY $10000 $15000

Town And Country Bank has several deposit products including 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 think about 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. Town And Country Bank's CD rates are fair compared to other U.S. banks.

Back to Overview

Find a Town And Country Bank Near Me

Town And Country Bank has 11 locations across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure