Founded in 2002, York Traditions Bank has assets totaling $441 million and deposits totaling $363 million, which makes the institution a medium-size bank. York Traditions Bank, whose headquarters are in York, Pennsylvania, 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. SmartAsset experts rated York Traditions Bank 4.5 out of 5 stars, suggesting it is a superb bank that you should strongly consider. York Traditions Bank offers a full suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, York Traditions Bank offers an option without a monthly fee. Banks that offer no-fee checking as well as a high interest rate savings account are the best option for returning the highest income from your deposits while having convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
York Traditions Bank features a savings rate of 0.10%, which is poor in comparison to other U.S. banks. York Traditions Bank's one-year and five-year term lengths CDs earn at a rate of 2.20% and 2.90%, respectively, while its highest-yielding money market account earns at a rate of 1.00%. Given York Traditions Bank's noncompetitive savings rate, you should think about taking a look at other banks for savings accounts.
How York Traditions Bank's Savings Rates Compare
On average, York Traditions Bank charges its customers extremely low fees in comparison to the average U.S. bank. With no monthly fee, York Traditions Bank's checking account is perfect for those who want an easy checking account. York Traditions Bank doesn't reimburse out-of-network ATM charges, which means you will have to find a York Traditions Bank ATM or pay the withdrawal fee.
York Traditions Bank is a brick-and-mortar bank, with six total branches in Pennsylvania. With mobile and web apps, York Traditions Bank makes mobile banking straightforward, even on the go. York Traditions Bank gets relatively decent scores from customers for its online presence. The York Traditions Bank mobile app has been given a 4.0 out of 5 (with 7 customer reviews on iOS and Android) compared to the national average of 3.8. You can access York Traditions Bank's app to control your bank accounts by reviewing monthly statements, transferring funds as well as accessing support representatives. York Traditions Bank receives a superb consumer satisfaction score due to comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
York Traditions Bank is currently a medium-size bank with $441 million in assets as well as deposits totaling $363 million. Its Texas Ratio is 5.77%, indicating a small possibility 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
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.Back to Overview
Compare York Traditions Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.1% APY||$1|
|Checking Account||0.05% APY||$1|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Accounts||0.6% APY 1.0% APY||$10000 $15000|
York Traditions Bank has several deposit products like 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 other U.S. banks.Back to Overview
Find a York Traditions Bank Near Me
York Traditions Bank has six locations across the U.S.Back to Overview