G.W. Jones Exchange Bank Rates & Review

G.W. Jones Exchange Bank Review

G.W. Jones Exchange Bank has four locations in Michigan. It is the only locally owned and operated bank in Cass County. It was established in 1877 with $40,000 and now has $56 million in assets as of 2010.

Checking account options

The core products of G.W. Jones Exchange Bank are its checking accounts. This bank offers a regular checking account with direct deposit and bill pay options. It offers an interest earning checking account with a bill pay option. Other personal checking account choices are the Super NOW account and the money market account, which each have a $2,500 minimum balance. This bank also offers two different business checking accounts.

Savings account choices

This bank offers a few different bank savings account options. There is the standard statement savings account as well as a rewards account with specialized saving for the holidays. The bank also offers an IRA and a CD.

Lending products

There are four types of loans available at this bank:

1. Personal loans
2. Commercial loans
3. Agriculture loans
4. Mortgage loans

Bank services

This bank offers a full suite of online and on-site account services. For example, customers can get credit card advances, cashier's checks, money orders and safe deposit boxes. Customers can also take advantage of online banking, fax services and overdraft protection.

Awards and recognition

In 2010, G.W. Jones Exchange Bank was ranked in the Top 100 by Financial Management Consulting Group, which has been compiling performance reports on banks across 20 states for more than 20 years.

Deposit insurance

G.W. Jones Exchange Bank is a member bank of the Federal Deposit Insurance Corporation. The temporary increase in FDIC coverage from $100,000 to $250,000 per depositor was made permanent in July 2010. All eligible deposits are FDIC-insured up to at least $250,000 per depositor. Joint accounts are FDIC-insured up to at least $250,000 per account holder.

Compare savings account rates from G.W. Jones Exchange Bank and more than 400 other banks at SavingsAccounts.com.