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USNY Bank Review

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


Established in 2007, USNY Bank has $362 million in assets and $319 million in deposits, making it a small bank. USNY Bank, whose headquarters are in Geneva, New York, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. SmartAsset has rated the bank 4.1 stars out of 5, suggesting USNY Bank is a good bank that you should consider. USNY Bank offers a complete choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, USNY Bank's standard checking account does not have a monthly fee. Finding a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same bank is your best option for gaining the most income on your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

With a savings rate of 0.15%, USNY Bank ranks poorly as compared against the national average. Its one-year CD has a rate of 0.45% and the five-year CD earns at a rate of 2.30%, while its highest-yielding money market account earns at a rate of 0.10%. Given its noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How USNY Bank's Savings Rates Compare

USNY Bank Savings 0.15 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

USNY Bank generally has extremely low fees compared to other U.S. banks. USNY Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. USNY Bank does not reimburse out-of-network ATM charges, meaning you'll have to find an USNY Bank ATM or eat 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

SmartAsset Average: 3.7

USNY Bank is a brick-and-mortar bank, with four total branches in New York. With mobile and web apps, USNY Bank makes mobile banking convenient, even on the go. USNY Bank's online and mobile banking services get poor feedback from users. Out of 2 ratings on Apple and Android platforms, the USNY Bank mobile app rates a 3.0 out of 5 (compared to the national average of 3.8). USNY Bank's mobile app lets you control your accounts by checking monthly statements, sending and receiving funds and reaching support representatives. USNY Bank gets an outstanding consumer satisfaction rating due to comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

USNY Bank ranks as a small bank with assets totaling $362 million as well as deposits totaling $319 million. Its Texas Ratio is 4.64%, indicating a minute likelihood of failure. Additionally, USNY Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

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 USNY 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: 0.45% APY
  • 24 Month: 0.70% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.25% APY
  • 60 Month: 2.30% APY
$1000 for all terms
Money Market Account 0.1% APY $1

USNY 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. USNY Bank does not have the best savings rate, which means you should consider 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. USNY Bank's CD rates are fair as compared against the national average.

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Find a USNY Bank Near Me

USNY Bank has four physical branches across the U.S.

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