Patriot Bank Review
8
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Patriot Bank Reviews

8
Angela Mae Watson

WRITTEN BY

Angela Mae Watson

Decent APYs and customer-focused support
Decent APYs and customer-focused support
About Patriot Bank

Founded in 1999, Patriot Bank, N.A. is a community-focused, full-service bank that operates in Fairfield and New Haven, Connecticut, as well as Scarsdale, NY. The bank offers personal, business, and commercial banking for its customers. It also has lines of credit, business and commercial loans, and more.
What stands out about Patriot Bank is its commitment to helping its customers build solid money management habits and achieve short- and long-term financial goals. The bank is actively involved in the community and supports many local organizations, including Housatonic Community College and a Child Guidance Center in Mid-Fairfield County. It also sponsors various community activities, such as the Stamford Boys & Girls Club 5K Race, to support financial literacy and community development.

7.9

LS SCORE

8.0

CREDIBILITY

8.0

SUPPORT

8.0

ACCESSIBILITY

Patriot Bank Online Banking Review

Patriot Bank offers checking and savings accounts, money market accounts, and a Certificate of Deposit (CD) for personal and business purposes. The Connecticut- and New York-based bank is FDIC-insured.

Patriot Bank Online Banking Highlights

DEPOSIT AMOUNT

min $100

BALANCE AMOUNT

$100

APY SAVINGS

0.01% - 1.00%

APY CHECKINGS

0.01% - 0.05%

ATM NETWORK

16,000

MAINTENANCE FEE

7

OTHER FEES

Yes

Pros & Cons

  • Wide variety of account options
  • Minimal account fees
  • Competitive APYs for most accounts
  • No ATM fees
  • Physical branches in New York and Connecticut only
  • No online chat option

Account Type

  • Checking
  • Savings
  • Certificates of Deposit (CD)
  • Money Market Deposit Account (MMDA)
  • Business

Patriot Bank Checking Highlights

DEPOSIT AMOUNT

min $200

APY

0.01% to 0.05%

MIN BALANCE

$200

Patriot Bank Savings Highlights

DEPOSIT AMOUNT

min $100

APY

0.01% to 1.00%

MIN BALANCE

$100

Patriot Bank Checking business Highlights

APY

0.01% to 1.00%

APYs

Account  1 Year 3 Years 5 Years
Certificate of Deposit 3.74% APY (1 year), 0.50% APY (3-year), 0.60% APY (5-year)
MMDA 0.50% to 3.00% APY (depending on personal or business)
  Regular Savings 0.05% APY for 1, 3, and 5 years

Features Benefits & Rewards

  • Fee-free in-network ATMs
  • Minimal monthly fees (often waivable)
  • Competitive APY
  • Multiple account types

Account Types

  • Personal Checking
  • Personal Savings
  • Business Checking 
  • Business Savings
  • Commercial Checking
  • Commercial Savings
  • Money Market Deposit Account (MMDA) 
  • Certificate of Deposit (CD)

Opening an Account With Patriot Bank

Head to Patriot Bank’s main website to open an account online and click “Apply.” From there, choose the account (or accounts) you’d like to open and begin the application process. This only takes a few minutes.

Lendstart - Online application to Patriot Bank - Step 1
Step 1

Click apply

If approved, you’ll receive the information needed to access the account online or via a mobile device. You’ll also receive a debit card in the mail (if applying for a checking account).

State Availability

Available - Connecticut, New York.

Not Available - Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.

Privacy & Security

As an FDIC member, Patriot Bank insures up to $250,000 in deposits. The bank also has multiple safeguards in place to protect its customers’ accounts. This includes both digital data encryption and secured physical locations.
Like other financial institutions, Patriot Bank does collect, use, and share certain information. However, it complies with federal law and is transparent about what it does with the information and why. Information it may collect includes an applicant or customer’s Social Security Number, income information, account balances, and transaction history (from using its services). This is standard in the industry.
Patriot Bank also offers financial security in the form of identity theft protection and debit card fraud protection. The bank also has several resources for customers and businesses to further protect their data.
On the Better Business Bureau, Patriot Bank has an A+ rating but is not accredited.

Customer Support

With 13 physical locations and a user-friendly website, Patriot Bank offers solid in-person and online customer support. The bank is dependable and has a community-first, customer-centric approach to financial services, resulting in good customer service. There’s also a convenient mobile app and several methods to connect with a customer service representative.
When contacting them via phone, wait times are usually short. It’s possible to connect with a live representative within a few minutes, though it may take longer during peak times. Email communication can take a couple of business days.
Patriot Bank’s representatives are typically professional, friendly, and helpful. They also have a solid reputation for resolving problems quickly and efficiently.

Phone Support
(888) 728-7468
Mon-Fri
9am-5pm EST
Sat
9am-12pm EST

In Conclusion

Overall, Patriot Bank is a solid option for those looking for a community bank with different types of financial solutions, including personal and business bank accounts, as well as loans and credit cards. The main drawback is that Patriot Bank only has 13 physical locations, all of which are in Connecticut or New York. So, if you’d prefer in-person banking but don’t live nearby, this could be inconvenient.

FAQ

What types of services does Patriot Bank offer?
Patriot Bank has several different account types, including personal and business checking and savings, a money market deposit account, and a CD.
Where do I go to open an account?
The best way to open an account online with Patriot Bank is to go to their website and apply. Alternatively, you can go to a physical branch and open an account that way.
What does FDIC insured mean?
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government. Banks that are FDIC-insured protect up to $250,000 worth of deposits if the bank fails.

Patriot Bank Disclaimer

Disclaimer: Patriot Bank is committed to ensuring the safety of your financial information and would like to remind you that e-mails are not secure. Sensitive personal and account information such as account numbers, passwords, or Personal Identification Numbers (PINs) should never be sent by e-mail

Disclosure

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WRITTEN BY

Angela Mae Watson

Angela Mae is a personal finance writer specializing in loans, debt management, investing, retirement planning, and financial literacy. She comes from a journalistic background and pulls from hands-on experience and deep-dive research to breathe life into her stories. Her goal is to help others achieve financial stability and independence. When not writing, she can be found traveling, honing her yoga skills, hiking, or exploring new means of healthy, sustainable living.