North Country Savings Bank


Overview / Commentary
315-386-4533
127 Main Street
Canton, NY 13617

North Country Savings Bank is headquartered in Canton and is the 103rd largest bank in the state of New York. It is also the 2,401st largest bank in the nation. It was established in 1909 and as of December of 2019, it had grown to 67 employees at 4 locations. North Country Savings Bank has an A health rating.

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Reviews (6)

Great local bank

Posted by: |

I have been working with North Country Savings Bank for 8 years. The staff is always friendly. There is never a wait for the inside teller lines. Our mortgage was handled professionally with no glitches. Overall, a wonderful local bank that I would highly recommend to anyone.

Great local bank

Posted by: |

I have been working with North Country Savings Bank for 8 years. The staff is always friendly. There is never a wait for the inside teller lines. Our mortgage was handled professionally with no glitches. Overall, a wonderful local bank that I would highly recommend to anyone.

Great local bank

Posted by: |

I have been working with North Country Savings Bank for 8 years. The staff is always friendly. There is never a wait for the inside teller lines. Our mortgage was handled professionally with no glitches. Overall, a wonderful local bank that I would highly recommend to anyone.

So Far So Good

Posted by: |

So far so good.  Transferred large sum to their hi-yield advantage checking back in Nov'09.  Interest rates still 3% apr.

Their website could use some overhaul.  They charge a monthly fee for their MoneyHQ transfer system.  But you don't have to use it.  Can do standard transfer on their regular transfer interface. 

They do require a lot of paperwork, even for simple things like adding an external transfer account at another bank.  But if you are patient and promptly respond to their requests, things go smoothly.

Their qualifications to meet the hi-yield interest are just slightly easier than other banks.  I use their debit card for all my purchases under $10.00.  It's easy to meet their 10 debit transactions monthly using that method. ;-)

This Is Not An Internet Bank

I checked out North Country because of a high rate CD identified on this site. I checked out their website and there was no on-line CD application function.
I called and learned the following:
1. They are accepting deposits nationwide.
2. The application process involves them sending an application form which must be returned Notarized by snail mail.
3. CD funding can only be accomplished by snail mailing a check.
4. Upon receiving the application North Country will call you and ask some authentication questions and to get a sense of anticipated account activity levels.

Based on these time consuming procedures, I decided this would not work for me, especially in an environment of falling market interest rates. So, I did not ask any further questions about related potential issues and fees.

The customer service representative (actually I was transferred to a personal banker) was very helpful.

My rating is based on being an out-of-state customer. They do have an on-line banking capability, but like most other banks, apparently access is accomplished only after a banking account has been established.

Terrible Bank Do Not Recommend

Posted by: |

I am from Virginia and have lived in St. Lawrence for 3 years now. I have had an account at NCSB the whole time. I have had nothing but issues With this bank. The only ATM for 30+ miles is broke more than its not. It has taken money from my account and I didn't receive the money. It still has the old stile envelope deposit. It only allows a $300 withdrawal per day. The after hours 24/7 hotline is someone saying that I'll have to wait for branch to open. It also holds government bank checks for 7 business days. Even when theres enough to cover check in the account. They do not take 3rd party checks at all. I will be closing this account as soon as all deposited money's is no longer pending. They need to step in to the 21st century. Or at least the 20th century. Do not and will not recommend.



Health

Health Grade Components

Overall
FDIC Certificate #16030
Year Established1909
Employees67
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD2.68%
Annual Interest Income$11.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$266.2MM$257.5MM
LoansQ4 2019vs Q4 2018$226.8MM$217.4MM
DepositsQ4 2019vs Q4 2018$200.9MM$192.7MM
Equity CapitalQ4 2019vs Q4 2018$34.7MM$33.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$678.00K$759.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.5MM$2.3MM
Real Estate OwnedQ4 2019vs Q4 2018$478.00K$232.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not North Country Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

North Country Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*-$50kNCSB Premium Rewards Savings
OTHER TIERS: 0.20% $50k+
0.35%*$25k*-IRA Advantage
OTHER TIERS: 0.15% $1k - $10k | 0.30% $10k - $25k
0.10%$1-Christmas Club
0.10%$50-Statement Savings Account
0.10%$50-Startastic Savings

North Country Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$25k*-Money Market Advantage Account
OTHER TIERS: 0.15% $1k - $10k | 0.30% $10k - $25k
0.10%$2.5k-Money Market Demand Account
0.10%$1k-Money Market Statement Savings

North Country Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*-$25kNCSB Premium Rewards Checking
OTHER TIERS: 0.20% $25k+
0.10%$2.5k-Premier Interest Checking
0.05%$25-FREE Business Interest Checking
0.05%--Interest Checking Account

North Country Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-60 Month CD
1.00%$500-60 Month We See It Too CD
0.25%$1k-48 Month CD
0.25%$1k-48 Month Step Up CD
0.25%$500-48 Month We See It Too CD
0.20%$1k-36 Month CD
0.20%$1k-30 Month CD
0.20%$500-36 Month We See It Too CD
0.10%$1k-6 Month CD
0.10%$1k-12 Month CD
0.10%$1k-24 Month CD
0.10%$1k-18 Month CD
0.10%$500-24 Month We See It Too CD

North Country Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-60 Month IRA
0.25%$1k-48 Month IRA
0.20%$1k-36 Month IRA
0.10%$1k-12 Month IRA
0.10%$1k-18 Month IRA
0.10%$1k-24 Month IRA
Locations


North Country Savings Bank Locations
The North Country Savings Bank127 Main StreetCanton, NY 13617
Massena Branch22-24 Phillips StreetMassena, NY 13662
Potsdam Branch31 Main StreetPotsdam, NY 13676
Greene and Caroline Streets BranchGreene and Caroline StreetsOgdensburg, NY 13669

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