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Washington County Bank Review

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Washington County Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Washington County Bank was founded in 1915 with headquarters in Blair, Nebraska. It manages $367 million in assets and $305 million in deposits, which makes it a small bank. Washington County 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, Washington County Bank is a great choice and should warrant serious consideration, with a rating of 4.2 stars out of 5 from our experts. Washington County Bank offers a complete suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Washington County Bank has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Washington County Bank's ordinary checking account does not have a monthly fee. Locating a checking account with no monthly fee and a savings account with a high interest rate at the same bank is your best bet for getting the most income from your deposits while having easy 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

2.8
SmartAsset Average: 3.5

Washington County Bank features a savings rate of 0.05%, which is fair compared to other U.S. banks. Washington County Bank's one-year and five-year term lengths CDs earn at a rate of 0.25% and 1.00%, respectively, while its highest-yielding money market account has a rate of 0.15%. Given Washington County Bank's poor savings rate, you should think about other options to earn more on your deposits.

How Washington County Bank's Savings Rates Compare

Washington County Bank Savings 0.05 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Washington County Bank has typically extremely low fees in comparison to other U.S. banks. Washington County Bank's checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. Washington County Bank doesn't reimburse out-of-network ATM charges, which means you'll be required to find a Washington County Bank ATM or pay 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

4.2
SmartAsset Average: 3.7

Washington County Bank is a brick-and-mortar bank, with two total bank locations in Nebraska. With mobile and web apps, Washington County Bank makes account access straightforward, even on the go. Washington County Bank gets fairly decent ratings from users for its online presence. With 11 ratings across iOS and Android platforms, the Washington County Bank mobile app is scored at 4.4 out of 5 (compared to the national average of 3.8). You can utilize Washington County Bank's mobile app to manage your funds by reviewing account balances, transferring funds and accessing support representatives. Washington County Bank receives a superb consumer satisfaction rating due to comparatively few consumer complaints filed with 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

4.9
SmartAsset Average: 4.8

Washington County Bank ranks as a small bank and handles assets totaling $367 million as well as deposits totaling $305 million. Its Texas Ratio is 3.27%, signifying that the bank is in outstanding financial well-being and far from failure. Additionally, Washington County Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

3.27%
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 Washington County Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $25
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.35% APY
  • 36 Month: 2.50% APY
  • 48 Month: 0.75% APY
  • 60 Month: 1.00% APY
$500 for all terms
Money Market Account 0.15% APY $10000

Washington County Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Washington County 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. Washington County Bank's CD rates are fair compared to the average U.S. bank.

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Find a Washington County Bank Near Me

Washington County Bank has two locations in the U.S.

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