CFG Bank
Analysis


Ari Socolow profile image Written by Ari Socolow | Lacra Burg profile image Edited by Lacra Burg | Updated December 15, 2024

General

CFG Bank is a little-known Maryland-based bank with only three branches that conducts much of its banking activities.  It has offered very competitive money market and CD rates through the 2020s.   In 2024 its rates became less competitive but are still well above average.   Its free checking account allows customers to use more than 55,000 fee-free ATMs nationwide. Account holders can perform transactions online or through the highly-rated mobile app. 

Advantages

  • Money market and CD rates are generally very competitive.
  • CFG's mobile app is highly rated as is its customer service.
  • Its free checking account offers free access to a network of 55,000 ATMs and enables payment through Zelle. 

Disadvantages

  • As a small bank, albeit with a full online presence, CFG's phone customer service is not available outside of normal business hours.

Savings Fees


Fee Type
Non Sufficient Funds $0.00
Maintenance $0.00
Out-of-network ATM $0.00
Excessive Transaction $0.00
Incoming Wires $0.00

CFG Bank Reviews


  • September 30, 2023 |

    CFG overs very competitive Interest rates on their High Yield Savings account.
    I did everything ONLINE and have not had any issues with their service.


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