Danversbank is no longer doing business under that name because it has been merged or acquired. See the successor institution People's United Bank.
I started my Reward Checking Account (RCA) endeavor with this bank "many" years ago (6% APY). I still have two accounts with them (grandfathered $100K limit, 4.01% APY). They have a large asset ($2B) and excellent customer service. One can access their president via e-mail, e-mails are returned within a day (usually by high authority like VP or above). Their (nationally available) RCA rate has been steady for several years while other banks fall left and right. My favorite features:
1. $100K (grand-fathhered) high RCA rate (4.01%)
2. Near-by bank location (within 10 minutes of my home)
3. Offer $5 for each hidden customer feedback (by invitation only)
4. Warm customer service with friendly accommodation
5. Free starter checks
The bank has no AHC feature. If you want to move money to and from it, it must be initiated by another bank.
Other than that, great bank with a great rate.
Quick review: Bad phone hours, but the people are very friendly and helpful. Web site stinks, but the security is robust. Private email service is equally antiquated, but the separate service provides some much appreciated confidentiality.
It's unfortunate, but true. Don't know if I'll jump ship - since I just boarded... Here's the email, titled: "Notice of Rate Change on Free Rewards Checking"
Effective Monday, October 4th, the Rewards Rate APY on our Free Rewards Checking account will be 3.01% -- still one of the best returns around!
We know how much you love your Free Rewards Checking, and we have some pretty high expectations about how you'll manage your account (i.e., the four qualifications) -- so it only seems fair that we fill you in on how we're managing it. We've kept the rate constant for two and a half years, during a time when interest rates have been at historic lows. Now the time has come to close that gap a little bit, by lowering the rate to something still pretty phenomenal. We're proud to say that in the nearly four years since Free Rewards Checking was introduced, this is only our second rate decrease.
Thank you for your continued relationship and for recommending Danversbank and Free Rewards Checking to family and friends who know a good deal when they see one!
If you have any questions, don't hesitate to contact our Customer Support Center at 1-800-771-8200, option 1.
Any issue I have, one phone call and one button press later (no massive voice menus) Im talking to a real person within 1 minute, who is always pleasant and friendly and helpful.
I just had an outstanding experience that motivated me to write the review. I noticed my state tax refund never showed up in my account, almost a month after the IRS claims to have deposited it. So i call up the IRS, and find out they misread my handwriting and deposited it to an account ending in 118 rather than 113. They say its up to my bank to figure it out, so I call up danvers, and talk them through the situation. Within 5 minutes, not only have they located my funds, but theyve transferred it to my account while im on the phone with them, and stayed on the line with me until I can see it myself in online transactions.
I couldnt be happier, with a larger bank, if i could have even got a real person, I imagine it would take weeks or months to get my money back if at all. Thank you so much danversbank, you've earned a customer for life.
We do not have health information for Danversbank, because it is no longer an operational bank.
Sorry, we do not have rate data for Danversbank
Sorry, but we do not have location data for Danversbank. Its headquarters is located at One Conant Street - Danvers, MA 01923