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York Traditions Bank Review

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

Overview

York Traditions Bank was founded in 2002 with its headquarters in York, Pennsylvania. York Traditions Bank handles $441 million in assets and $363 million in deposits, classifying it as a medium-size bank. York Traditions Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Coming in at a superb 4.5 stars out of 5, York Traditions Bank proves it is among the top banks, and should be given strong consideration. York Traditions Bank provides customers with a mixture 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 looking for a checking account for everyday use, York Traditions Bank's most basic checking does not have a monthly maintenance charge. Using an institution with free checking and a high savings APY is the best bet for getting the most income on your deposits while having convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.5/5
National Average: 4.1

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

Rates

4.0
SmartAsset Average: 3.5

York Traditions Bank features a savings rate of 0.10%, which is poor compared to the national average. Its one-year CD has a rate of 2.10% and the five-year CD earns at a rate of 2.90%, while its highest-yielding money market account has a rate of 0.90%. Given York Traditions Bank's below average savings rate, you should consider taking a look at other banks for savings accounts.

How York Traditions Bank's Savings Rates Compare

York Traditions Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

On average, York Traditions Bank charges its customers extremely low fees as compared against the national average. Its checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. York Traditions Bank doesn't refund out-of-network ATM charges, which means you will have to find a York Traditions Bank ATM or accept the cost of withdrawal.

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

4.0
SmartAsset Average: 3.7

York Traditions Bank is a brick-and-mortar bank, with six total branches in Pennsylvania. It also offers access to mobile and web apps for easy access and banking on the go. York Traditions Bank receives moderately decent reviews from users for its mobile platform. The York Traditions Bank mobile app has been given a 4.0 out of 5 (with 7 reviews on Apple and Android) compared to the national average of 3.8. You can utilize York Traditions Bank's app to control your bank accounts by monitoring current statements, sending and receiving money as well as reaching support representatives. York Traditions Bank receives a superb consumer satisfaction score due to comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

York Traditions Bank is a medium-size bank owning $441 million in assets as well as deposits totaling $363 million. York Traditions Bank's Texas Ratio is 5.77%, signifying a small opportunity of failure. Additionally, York Traditions Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

5.77%
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 York Traditions Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 2.10% APY
  • 24 Month: 2.45% APY
  • 36 Month: 2.61% APY
  • 48 Month: 2.65% APY
  • 60 Month: 2.90% APY
$500 for all terms
Money Market Account 0.55% APY $10000

York Traditions 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. York Traditions Bank does not have the best savings rate, which means you should think about 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. York Traditions Bank's CD rates are fair compared to the average U.S. bank.

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Find a York Traditions Bank Near Me

York Traditions Bank has six branches in the U.S.

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