which is poor in comparison to the national average. Its CD rates are 1.40% and 2.15% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.50%. Given Progressive Bank's noncompetitive savings rate, you should consider other options to earn more on your deposits.

in comparison to the national average. Its checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. Also, at $35.00, its overdraft fee is lower than the national average. Progressive Bank does not refund out-of-network ATM charges, which means you'll be required to search for a Progressive Bank ATM or pay the fee.

with seven total bank locations in Louisiana. With mobile and web apps, Progressive Bank makes account access straightforward, even on the go. It does not offer all-day customer service with representatives. You can get help during its hours, which are Monday through Friday and 8:00 a.m. to 5:00 p.m. CT. Progressive Bank gets high praise from customers for its mobile app. With 25 ratings on iOS and Android platforms, the Progressive Bank mobile app has an overall rating of 4.7 out of 5 (compared to the national average of 3.8). You can use Progressive Bank's mobile app to control your finances by monitoring monthly statements, transferring money as well as reaching support representatives. Progressive Bank gets an excellent consumer satisfaction score due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

and manages assets totaling $525 million as well as deposits totaling $436 million. Progressive Bank's Texas Ratio is 0.58%, denoting a negligible possibility of failure. Additionally, Progressive Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.