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Village Bank Review

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


Started in 1999, Village Bank has assets totaling $475 million as well as $413 million in deposits, making it a medium-size bank. Village Bank, whose headquarters are in Midlothian, Virginia, 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 offerings. With a score of 4.2 out of 5 stars, Village Bank should be solidly in contention for your choice of bank. Village Bank provides customers with the complete package of banking products, including 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 looking for a checking account for everyday use, Village Bank's standard checking account does not have a monthly fee. Finding a bank with free checking, in addition to a high interest rate savings account is the best bet for getting the most income from your deposits alongside convenient access to your funds.

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%, Village Bank ranks poorly compared to the national average. Its CD rates are 1.26% and 2.32% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.25%. Given its noncompetitive savings rate, you should consider taking a look at other banks for savings accounts.

How Village Bank's Savings Rates Compare

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

Village Bank has typically extremely low fees compared to other U.S. banks. Village Bank's checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Village Bank does not reimburse out-of-network ATM fees, which means you'll have to search for a Village Bank ATM or eat the 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

Village Bank is a brick-and-mortar bank, with 10 total bank locations in Virginia. With mobile and web apps, Village Bank makes account access convenient, even on the go. It does not have all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Wednesday, 8:30 a.m. to 5:00 p.m. ET; Thursday and Friday, 8:30 a.m. to 6:00 p.m. ET; Saturday, and 9:00 a.m. to 12:00 p.m. ET. Village Bank gets poor feedback from customers for its online presence. The Village Bank mobile app has an overall rating of 3.2 out of 5 (with 33 ratings on iOS and Android) compared to the national average of 3.8. Village Bank's mobile app allows you to control your bank accounts by reviewing account balances, transferring money and reaching customer service. Village Bank gets a superb consumer satisfaction score based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Village Bank ranks as a medium-size bank with assets totaling $475 million and $413 million in deposits. Village Bank's Texas Ratio is 8.56%, suggesting that Village Bank is in good financial shape and improbable to fail. Additionally, Village 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 Village Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $50
Checking Account 0.05% APY $2500
Certificates of Deposit
  • 12 Month: 1.26% APY
  • 24 Month: 0.60% APY
  • 36 Month: 2.58% APY
  • 48 Month: 1.26% APY
  • 60 Month: 2.32% APY
$500 for all terms
Money Market Account 0.25% APY $25000

Village Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Village Bank does not have the best savings rate, which means you should consider 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. Village Bank's CD rates are fair in comparison to other U.S. banks.

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Find a Village Bank Near Me

Village Bank has 10 physical branches in the U.S.

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