by Gabe Rueda Updated February 22, 2021 We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations
Founded in 1899, Hancock County Savings Bank has assets totaling $360 million as well as deposits totaling $275 million, classifying it as a small bank. Hancock County Savings Bank, whose headquarters are in Chester, West Virginia, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. Overall, Hancock County Savings Bank is a respectable bank that deserves your consideration, with a score of 3.9 stars out of 5 from our team. Hancock County Savings Bank offers a complete choice of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. If you”re looking for a checking account for everyday use, Hancock County Savings Bank”s standard checking account does not have a monthly maintenance fee. Institutions that offer no-fee checking as well as a high savings APY are your best option for gaining the highest income from your deposits while maintaining easy access to your money.
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How We Rated It
jovemaprendiz2019.org”s Overall Rating
National Average: 4.1
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
When a component rating is unavailable, the overall rating is calculated as an average of the remaining available ratings.
Rates The Rates rating represents an aggregate of interest rates for specific bank products measured against the national average interest rate for each product. Product interest rates may vary by branch. Rates shown reflect the highest available nationwide. Fees The Fees rating is an assessment of the bank”s fees measured against the national average fee amount for particular services and is also affected by whether or not the bank refunds ATM fees. Service Quality The Customer Experience rating is a weighted average of the Mobile Rating and the Consumer Satisfaction Score, which is based on complaints brought to the Consumer Financial Protection Bureau (CFPB). Financial Health The Financial Health rating is based on the Texas Ratio, an indicator that warns of credit problems at particular banks: anything less than 5% is considered Excellent; less than 20% is Very Good; less than 50% is Good; less than 90% is Fair; and over 90% is Poor.
jovemaprendiz2019.org Average: 3.5
Hancock County Savings Bank features a savings rate of 0.05%, which is poor compared to the average U.S. bank. Its one-year CD has a rate of 0.50% and the five-year CD earns at a rate of 2.00%, while its highest-yielding money market account earns at a rate of 0.05%. Given Hancock County Savings Bank”s noncompetitive savings rate, you should think about looking elsewhere to open savings accounts.
How Hancock County Savings Bank”s Savings Rates Compare
Hancock County Savings Bank Savings 0.05 National Average 0.09 Compare Offers
Back to Overview
jovemaprendiz2019.org Average: 4.4
Hancock County Savings Bank generally has extremely low fees in comparison to other U.S. banks. Hancock County Savings Bank”s checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. Hancock County Savings Bank unfortunately does not reimburse out-of-network ATM charges, meaning you will have to search for a Hancock County Savings Bank ATM or pay the withdrawal fee.
jovemaprendiz2019.org Average: 3.7
Hancock County Savings Bank is a brick-and-mortar bank, with three total bank locations in West Virginia. It also offers access to mobile and web apps for simple access and banking on the go. It does not offer all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Friday, 8:30 a.m. to 4:00 p.m. CT; Saturday, and 8:30 a.m. to 12:00 p.m. CT. Hancock County Savings Bank”s online and mobile banking services receive poor scores from users. Out of 15 customer reviews on iOS and Android platforms, the Hancock County Savings Bank mobile app rates a 1.9 out of 5 (compared to the national average of 3.8). You can access Hancock County Savings Bank”s app to manage your accounts by checking monthly statements, sending and receiving money and reaching support representatives. Hancock County Savings Bank receives an excellent consumer satisfaction score due to relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.