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Washington County Bank Review

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Washington County Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1915, Washington County Bank has assets totaling $367 million as well as deposits totaling $305 million, which makes the institution a small bank. Washington County Bank, whose headquarters are in Blair, Nebraska, 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. We gave the bank a 4.2 stars out of 5, suggesting Washington County Bank is a solid contender in your bank search. Washington County Bank has the full package of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Washington County Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Washington County Bank's ordinary checking account does not have a monthly fee. Banks that offer no-fee checking as well as a high savings APY are your best bet for accruing the highest income from your deposits while having convenient 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

With a savings rate of 0.10%, Washington County Bank ranks poorly in comparison to the average U.S. bank. Its one-year CD has a rate of 0.50% and the five-year CD has a rate of 2.75%, while its highest-yielding money market account earns at an APY of 0.15%. Given Washington County Bank's noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

How Washington County Bank's Savings Rates Compare

Washington County Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

On average, Washington County Bank charges customers extremely low fees as compared against the national average. With no monthly fee, Washington County Bank's checking account is perfect for people who need an easy banking experience. Washington County Bank unfortunately does not reimburse out-of-network ATM charges, which means you'll need to locate 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 branches in Nebraska. It also offers access to mobile and web apps for an easy mobile-banking experience. Washington County Bank receives reasonably high praise from customers for its online presence. The Washington County Bank mobile app is rated at 4.4 out of 5 (out of 11 customer reviews on iOS and Android) compared to the national average of 3.8. You can use Washington County Bank's app to manage your accounts by reviewing monthly statements, transferring funds and reaching support representatives. Washington County Bank gets a superb consumer satisfaction score due to comparatively few consumer complaints brought 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

4.9
SmartAsset Average: 4.8

Washington County Bank is currently a small bank with $367 million in assets and deposits totaling $305 million. Its Texas Ratio is 3.27%, suggesting that the bank is in outstanding financial health 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 0.1% APY $25
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 0.75% APY
  • 36 Month: 2.50% APY
  • 48 Month: 1.50% APY
  • 60 Month: 2.75% APY
$500 for all terms
Money Market Account 0.15% APY $10000

Washington County Bank has several deposit products like 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 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. Washington County Bank's CD rates are fair in comparison to the national average.

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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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