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U. S. Century Bank Review

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U. S. Century Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

U. S. Century Bank was founded in 2002 and has its headquarters in Doral, Florida. It handles $995 million in assets along with deposits totaling $822 million, which makes it a medium-size bank. U. S. Century Bank 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 in-person service, in addition to its online and mobile apps. On the whole, U. S. Century Bank is a great bank that you should seriously consider, with a score of 4.3 out of 5 stars from the SmartAsset team. U. S. Century Bank offers a complete suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, U. S. Century Bank's standard checking account does not have a monthly fee. Locating an institution with no-fee checking as well as a high savings APY is your best option for getting the highest income on your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.3/5
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

With a savings rate of 0.05%, U. S. Century Bank ranks poorly compared to other U.S. banks. U. S. Century Bank's one-year CD earns at a rate of 0.55% and the five-year CD has a rate of 1.10%, while its highest-yielding money market account earns at a rate of 0.25%. Given U. S. Century Bank's poor savings rate, you should think about looking elsewhere to open savings accounts.

How U. S. Century Bank's Savings Rates Compare

U. S. Century Bank Savings 0.05 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

U. S. Century Bank generally has extremely low fees as compared against the national average. With no monthly fee, U. S. Century Bank is ideal for those who want a simple banking experience. U. S. Century Bank unfortunately doesn't refund out-of-network ATM fees, meaning you will need to search for a U. S. Century Bank ATM or pay the withdrawal 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

4.2
SmartAsset Average: 3.7

U. S. Century Bank is a brick-and-mortar bank, with 13 total branches in Florida. With mobile and web apps, U. S. Century Bank makes account access easy, even on the go. U. S. Century Bank gets reasonably high marks from users for its mobile platform. The U. S. Century Bank mobile app has been given a 4.4 out of 5 (out of 41 customer reviews on iOS and Android) compared to the national average of 3.8. You can utilize U. S. Century Bank's app to manage your bank accounts by checking monthly statements, transferring funds and reaching support representatives. U. S. Century Bank gets an exceptional 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 4.4/5
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

U. S. Century Bank is a medium-size bank and manages $995 million in assets as well as $822 million in deposits. Its Texas Ratio is 1.39%, suggesting that U. S. Century Bank is in terrific financial condition and unlikely to fail. Additionally, U. S. Century 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 U. S. Century Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1
Checking Account 0.05% APY $1500
Certificates of Deposit
  • 12 Month: 0.55% APY
  • 24 Month: 0.75% APY
  • 36 Month: 0.85% APY
  • 48 Month: 0.95% APY
  • 60 Month: 1.10% APY
$1000 for all terms
Money Market Account 0.15% APY $10000

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

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Find a U. S. Century Bank Near Me

U. S. Century Bank has 13 physical branches in the U.S.

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