Artisans’ Bank Review: Checking Rewards and Flexible CD Options
Written by
Allison Hache
Edited by
Elizabeth Constantineau
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Artisans' Bank brings a powerful combination of high-yield checking accounts and flexible CDs.
Beyond just competitive rates, Artisans' Bank delivers a customer-focused experience, offering easy access to funds through its convenient mobile app and ATM services. Whether you're looking to open a checking account or grow your savings with higher interest rates, this community bank offers plenty of options.
Artisans’ Bank first opened its doors in 1861 as a bank for working people. It continues the tradition of serving the local community by offering banking and loan services for local residents and small businesses. The bank has diverse account options and pays a competitive APY on CDs that yield higher returns. GOBankingRates rated Artisans’ Bank as one of the Best Banks in Delaware for 2025.
Artisans’ Bank Checking Accounts
Artisans’ Bank has four checking accounts: Personal Checking, Easy Access Account, Interest Rewards Checking and Premier Interest Checking. The Personal Checking and Interest Rewards accounts are fee-free accounts that do not require a minimum balance. The Interest Rewards and Premier Interest accounts earn interest. Here’s what to consider when choosing one of these accounts:
- If you can meet the requirements to waive the $3 monthly fee and are comfortable with digital banking, you can open an Easy Access Account for $10.
- The Personal Checking account gives you a complimentary order of checks and unlimited check writing privileges for customers who want the option to pay with a check.
- Interest Rewards Checking earns interest, has no monthly maintenance fees and has a higher APY than the Premier Interest Checking account.
- The Premier Interest Checking account requires a $5,000 average daily balance to avoid the monthly service charge.
- With a Personal Checking account, you have the option to sign up for the Click-To-Pay with Visa perk, which allows you to pay for online purchases with a tap.
Best For
Banking in Delaware
Mobile App
Loan Options
Low Monthly Fees
Low Minimum Deposit
Open With Just $10
The Interest Rewards Checking account offers a competitive APY with no monthly fees, making it a top choice for those looking to grow their savings. Enjoy interest earnings with no minimum balance and access to traditional banking features like unlimited check writing.
Fees
$0 to $15 monthly
APY
Up to
Min Opening
$10 to $50
Pros
- Interest earning account with no fees is accessible for most customers
- Higher APY than most interest checking accounts for customers qualifying for the reward rate
- Reward rate applies to balances up to $25,000, a higher threshold than similar accounts
Cons
- Non-competitive base interest rate
- $2 monthly fee for receiving paper statements
- Daily balance requirement to avoid fees on the Premier Interest Checking account may be unattainable for some customers
Quick Take
The Interest Rewards Checking account stands out as the best option for most customers due to its competitive APY and lack of monthly fees. For a more straightforward option, the Personal Checking account is ideal for those who prefer traditional banking features like check writing without added costs.
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Artisans’ Bank Savings Accounts
Artisans’ Bank offers two savings accounts: Statement Savings and Premier Yield. With both accounts, you have access to your balance and transactions through online and mobile banking. The Premier Yield account has a tiered interest structure, with the interest rate increasing with the balance, while all balances in a Statement Savings account earn the same rate.
- The Premier Yield account requires an average daily balance of $5,000, or you pay a $15 service fee.
- Open a Statement Savings account with $10 or a Premier Yield account with $1,000.
- Each account begins earning interest with a balance as low as $0.01.
- Both accounts have no transaction limits, so you can access your funds when you need to without penalties or restrictions.
- Statement Savings has an APY of .
- The APY for the Premier Yield account has a top rate of reserved for balances of $125,000 or more.
Best For
Banking in Delaware
Mobile App
Loan Options
Low Monthly Fees
Low Minimum Deposit
No Transaction Limits
Artisans’ Bank offers two savings accounts with easy access to your funds. The Statement Savings account is perfect for those looking to start small with just $10, while the Premier Yield account offers a tiered APY with higher returns for larger balances.
Fees
$0 to $15 monthly
APY
Up to
Min Opening
$1 to $1,000
Pros
- Maintaining a $100 daily balance to avoid the service fee is realistic for most customers
- ATM access with Premier Yield account
- Open a Statement Savings account with as little as $10
- Premier Yield account is available to individuals and organizations
Cons
- Non-competitive interest rates
- High daily balance required to earn top interest rates may be out of reach for some customers
- No high-yield savings account option
Quick Take
The Statement Savings account is a good starter account with a low opening deposit and manageable balance requirement to waive fees, while the Premier Yield account is better for customers who can maintain a higher balance. Both accounts at Artisans’ Bank allow unrestricted access to funds, but the interest rates are not competitive. There’s also no high-yield savings option for those who want higher returns
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Artisans’ Bank CD Accounts
Artisans’ Bank offers several CD options with an APY ranging from to — rates higher than you get with a Statement Savings or Money Market Savings account. You can lock in an interest rate for terms from 3 months to 5 years and earn higher interest rates compared to the bank’s savings and money market accounts.
- Open a CD account with as little as $1,500.
- You can credit the monthly interest earned to the CD to maximize earnings or transfer it to another account.
- Interest compounds monthly.
Best For
Banking in Delaware
Mobile App
Loan Options
Low Monthly Fees
Low Minimum Deposit
Competitive APYs and Flexible Terms
Artisans’ Bank offers CDs with competitive APYs ranging from to . With flexible terms from 3 months to 5 years, you can earn higher interest rates than with the bank’s other savings products.
Fees
Early withdrawal penalties will apply
APY
Up to
Min Opening
$1,500
Pros
- People without an Artisans’ Bank account can open a CD
- Competitive APY
- Flexible terms from 3 months to 5 years
Cons
- Penalties for early withdrawals
- No loyalty or relationship rates available
Quick Take
With flexible terms and competitive APYs, CDs at Artisans’ Bank are a solid option for growing savings. The minimum deposit is comparable to other banks, and the option to deposit interest each month in a checking or savings account makes the CDs accessible and versatile. However, early withdrawal penalties and the lack of relationship rates are worth considering.
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Artisans’ Bank Money Market Accounts
You can choose from two money market accounts at Artisans’ Bank: the Money Market Statement account or the Premier Money Market account. Both accounts come with an ATM card for convenient access to your funds. In addition, there are no restrictions on the number of transactions you can complete each month. Interest compounds monthly. See how their features compare:Â
- Open a Money Market Statement account with $1,000 or a Premier Money Market account with $5,000.
- To earn interest and avoid a $15 service fee, you have to maintain a balance of $5,000 in a Premier Money Market account.
- With a Money Market Statement account, you need a balance of at least $1,500 to waive the $10 monthly fee and $50 to earn interest.
- The Premier Money Market account comes with check-writing privileges.
- APY for the Money Market Statement account is .
- The Premier Money Market account has an APY of .
Best For
Banking in Delaware
Mobile App
Loan Options
Low Monthly Fees
Low Minimum Deposit
Easy Access and Flexibility
Artisans’ Bank offers two money market accounts with flexible features. The Premier Money Market account offers a higher APY of with check-writing privileges, while the Money Market Statement account provides easy access with a lower APY of . Both accounts allow unlimited transactions and come with an ATM card for added convenience.
Fees
$10 to $15 monthly
APY
Up to
Min Opening
$1,000 to $5,000
Pros
- Check writing privileges gives the Premier Money Market account some flexibility
- ATM card provides easy access to funds
- Can waive the monthly fee by maintaining a minimum balance
Cons
- Low interest rate for Money Market Statement account
- Minimum balance required to earn interest in the Premier Money Market account prohibitive for some customers
Quick Take
The Premier Money Market account stands out for its higher APY and check-writing privileges, making it a better choice for those who can maintain the $5,000 balance. However, the Money Market Statement’s low APY may limit its appeal unless the primary goal is easy access to funds with a lower opening deposit.
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Banking Experience
Artisans’ Bank’s mobile app has positive reviews, with a 5.0 rating on Apple’s App Store and a 4.4 rating on the Google Play Store. Customers appreciate the updates made to the current version of the app. They also report positive interactions with staff, with several customers noting the friendliness of tellers and loan officers.
Comparable Community Bank Options
To help you decide if Artisans’ Bank is the right choice for you, consider how its products compare to other community banks in Delaware.
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$0 to $15 monthly
$0 to $25
No monthly service fee
APY
APY
APY
Up to
0%
Min Opening
Min Opening
Min Opening
$10 to $50
$0
$0
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$0 to $15 monthly
$0-$4.99
$5
APY
APY
APY
Up to
–
Min Opening
Min Opening
Min Opening
$1 to $1,000
$0
$100
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
Early withdrawal penalties will apply
No monthly service fee
$5
APY
APY
APY
Up to
–
Up to
Min Opening
Min Opening
Min Opening
$1,500
$1,000- $25,000
$100
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$10 to $15 monthly
No monthly service fee
$5
APY
APY
APY
Up to
Up to
Min Opening
Min Opening
Min Opening
$1,000 to $5,000
$0
$100
Artisans’ Bank vs. Community Bank Delaware
Community Bank Delaware has four checking accounts, three savings accounts and two money market accounts. The Hide Tide Special Savings account is a fee-free account that you can open with $1 and start earning interest. Interest rates at both banks are comparable, but you can earn more with Artisans’ Interest Rewards Checking account and CDs.
Artisans’ Bank vs. Applied Bank
Applied Bank has fewer account options than Artisans’ Bank, but its checking accounts are fee-free and have no minimum balance requirement. It pays a lower APY than what you can earn at Artisans’ Bank, especially on CDs. The top APY for CDs applies only to the Applied Bank Club and Applied Bonus Young Savers accounts.
Artisans’ Bank vs. WSFS Bank
WSFS Bank has three checking accounts that let you receive your paycheck direct deposit two days early and are compatible with PayPal, Apple Pay and Samsung Pay — making it a great choice for those who prefer quick transactions. Its High-Yield Money Market account pays an impressive rate, but you’ll need to maintain a daily balance of $100,000 to qualify for it.
Final Take
Artisans’ Bank is a community-focused financial institution offering a range of personal and business banking services. It offers competitive CD rates, interest-earning checking accounts and flexible money market options. It’s ideal for someone who values access to a local bank with a strong commitment to personalized service. Although it pays a higher APY than many national banks, you can find accounts with lower balance requirements that pay more.
Artisans' Bank FAQ
Here are the answers to some of the most frequently asked questions about Artisans' Bank.- What is the withdrawal limit at Artisans' Bank?
- Artisans' Bank allows you to withdraw up to $500 per day at an ATM. The transaction limit for point-of-sale purchases is $5,000 per day. If you need to complete more than 20 ATM and point-of-sale transactions in a single day, you need to call the bank to request an exception.
- What is the overdraft fee at Artisans' Bank?
- The overdraft fee at Artisans' Bank is $35 per item, and this applies to check and debit card payments as well as ACH and in-person withdrawals. You won't pay a fee if the transaction overdraws your account by $5 or less or after you've reached the four-item per day limit.
- Does Artisans' Bank have online banking?
- Yes, Artisans' Bank has online banking. You can access your accounts online or via the mobile app to check balances, pay bills and transfer money.
- What are the minimum deposit requirements at Artisans' Bank?
- The minimum deposit requirement varies, depending on the account you want to open.
- You need to deposit $10 to open an Easy Access Checking and Statement Savings account.
- You'll need $50 to open a Personal Checking, Interest Rewards Checking and Premier Interest Checking account.
- The minimum to open a Premier Yield account is $1,000.
To discover the Best Banks by state, GOBankingRates analyzed the top institutions (excluding online banks and neobanks) by state branch locations. To determine rankings, GOBankingRates looked at the following factors: (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (4) savings product minimum deposit; (5) savings product APY; (6) Bauer rating (out of 5 stars); (7) products/services offered (auto loans, mortgage loans, credit cards, investment services and insurance); and (8) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1), (2) and (4) were weighed 0.5 times, factor (5) was weighed 2.5 times and factor (7) was weighed 1.5 times. All products and offerings had to be available as of Nov. 8, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 12, 2024.
To qualify as one of the Best Banks in the state, the institution needed at least five branch locations in the respective state, with some exceptions for larger and/or smaller states.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 12, 2024.Â
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
