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The Andover Bank

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The Andover Bank Rates & Review November 2026

Q: What are the current interest rates at The Andover Bank?

Current rates for The Andover Bank include: 12-Month CD: 0.25%, 18-Month CD: 3.85%, 24-Month CD: 0.25%, 36-Month CD: 3.50%, 48-Month CD: 0.25%, 60-Month CD: 0.25%, Savings: 2.07%, MMA: 2.02%

Q: What is the highest CD rate at The Andover Bank?

The highest The Andover Bank CD rate is its 18-Month CD at 3.85% APY, verified by MonitorBankRates as of November 7, 2026.

Q: What CD terms does The Andover Bank offer?

The Andover Bank CD rates are 0.25% APY for a 12 month CD, 3.70% APY for a 14 month CD, 3.85% APY for an 18 month CD, 0.25% APY for a 2 year CD, 3.50% APY for a 3 year CD, 0.25% APY for a 4 year CD and 0.25% APY for a 5 year CD, verified by MonitorBankRates as of November 7, 2026. The institution may offer other terms or specials that are not listed here, so check with The Andover Bank for its full lineup.

Q: How many branches does The Andover Bank operate?

The Andover Bank currently maintains approximately 10 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: November 7, 2026

The Andover Bank's 18-Month CD rates are at 3.85%, Promotional CD - 18-Month CD rates are at 3.85%, 14-Month CD rates are at 3.70%, Promotional CD - 14-Month CD rates are at 3.70%, 36-Month CD rates are at 3.50%. The Andover Bank's savings rates are at 2.07%. The Andover Bank's money market rates are at 2.02%. The Andover Bank's checking rates are as high as 4.00%. The Andover Bank's 15 Year Fixed Rate rates are at 6.375%, 20 Year Fixed Rate rates are at 6.50%, 30 Year Fixed Rate rates are at 6.875%. The Andover Bank's top CD rate of 3.85% APY on an 18 month CD is 31% higher than the MonitorBankRates national average of 2.93% APY for that term, and it has an A health rating. MonitorBankRates evaluates the financial stability of The Andover Bank with a 4.5 Star Rating, an A Overall Health Grade, and a Texas Ratio of 1.91%. Rates last updated and verified on 11/07/2026.

The Andover Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at The Andover Bank? Share your experience about The Andover Bank by leaving a review below, or read customer reviews before you decide to use The Andover Bank.

Overall Health & Safety Grade

Excellent Health Score: 94/100

MonitorBankRates Rating

4.5

Excellent Out of 5.0 Stars

Texas Ratio

1.91%

Excellent Lower than avg

Health Trend

Very strong 12 quarters

Full history ›

The Andover Bank

19 Public Sq
Andover, OH 44003

https://www.andover.bank

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Financial health data as of Q2 2026 (FDIC call report for the quarter ended June 30, 2026). This is the most recent call report available. The FDIC publishes bank call reports about eight weeks after each quarter ends.

The Andover Bank CD Rates

Product	Rate	APY	Term	Min. Deposit
18-Month CD	3.80%	3.85%	18 Month	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History 1 change since Sep 20, 2026 · 3.50% → 3.85% ▲ 0.35 pts · high 3.85% / low 3.50% Oct 4, 20263.85%▲ from 3.50% Sep 20, 20263.50%first recorded Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
18-Month IRA	3.80%	3.85%	18 Month	$1,000
Min Deposit $1,000 Details Promotional IRA rate; Initial Rate and Initial APY; All Andover Bank IRAs require a minimum deposit of $1,000.00 with a maximum of $250,000.00; Offered to customers residing in Ohio and Pennsylvania Last Updated 11/07/2026 Rate History 1 change since Sep 20, 2026 · 3.50% → 3.85% ▲ 0.35 pts · high 3.85% / low 3.50% Oct 4, 20263.85%▲ from 3.50% Sep 20, 20263.50%first recorded Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Promotional CD - 18-Month CD	3.80%	3.85%	18 Month	$1,000
Min Deposit $1,000 Details Promotional certificate of deposit; minimum deposit $1,000.00, maximum $250,000.00; Ohio and Pennsylvania customers Last Updated 11/07/2026 Rate History No change since Oct 23, 2026 · 3.85% APY · checked 4 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
14-Month CD	3.65%	3.70%	14 Month	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History 1 change since Sep 20, 2026 · 0.25% → 3.70% ▲ 3.45 pts · high 3.70% / low 0.25% Oct 4, 20263.70%▲ from 0.25% Sep 20, 20260.25%first recorded Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
14-Month IRA	3.65%	3.70%	14 Month	$1,000
Min Deposit $1,000 Details Promotional IRA rate; Initial Rate and Initial APY; All Andover Bank IRAs require a minimum deposit of $1,000.00 with a maximum of $250,000.00; Offered to customers residing in Ohio and Pennsylvania Last Updated 11/07/2026 Rate History No change since Oct 4, 2026 · 3.70% APY · checked 7 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Promotional CD - 14-Month CD	3.65%	3.70%	14 Month	$1,000
Min Deposit $1,000 Details Promotional certificate of deposit; minimum deposit $1,000.00, maximum $250,000.00; Ohio and Pennsylvania customers Last Updated 11/07/2026 Rate History No change since Oct 23, 2026 · 3.70% APY · checked 4 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
91 Day CD	3.60%	3.65%	91 Day	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 3.65% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Promotional CD - 91 Day CD	3.60%	3.65%	91 Day	$1,000
Min Deposit $1,000 Details Promotional certificate of deposit; minimum deposit $1,000.00, maximum $250,000.00; Ohio and Pennsylvania customers Last Updated 11/07/2026 Rate History No change since Oct 23, 2026 · 3.65% APY · checked 4 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
36-Month CD	3.45%	3.50%	36 Month	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 3.50% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
56-Month CD	3.21%	3.25%	56 Month	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 3.25% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
12-Month CD	2.97%	3.00%	12 Month	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History 1 change since Sep 20, 2026 · 3.55% → 3.00% ▼ 0.55 pts · high 3.55% / low 3.00% Oct 4, 20263.00%▼ from 3.55% Sep 20, 20263.55%first recorded Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
12-Month IRA	2.97%	3.00%	12 Month	$1,000
Min Deposit $1,000 Details Promotional IRA rate; Initial Rate and Initial APY; All Andover Bank IRAs require a minimum deposit of $1,000.00 with a maximum of $250,000.00; Offered to customers residing in Ohio and Pennsylvania Last Updated 11/07/2026 Rate History 1 change since Sep 20, 2026 · 3.55% → 3.00% ▼ 0.55 pts · high 3.55% / low 3.00% Oct 4, 20263.00%▼ from 3.55% Sep 20, 20263.55%first recorded Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
5-Month CD	2.97%	3.00%	5 Month	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History 1 change since Sep 20, 2026 · 3.50% → 3.00% ▼ 0.50 pts · high 3.50% / low 3.00% Oct 4, 20263.00%▼ from 3.50% Sep 20, 20263.50%first recorded Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Promotional CD - 12-Month CD	2.97%	3.00%	12 Month	$1,000
Min Deposit $1,000 Details Promotional certificate of deposit; minimum deposit $1,000.00, maximum $250,000.00; Ohio and Pennsylvania customers Last Updated 11/07/2026 Rate History No change since Oct 23, 2026 · 3.00% APY · checked 4 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Promotional CD - 5-Month CD	2.97%	3.00%	5 Month	$1,000
Min Deposit $1,000 Details Promotional certificate of deposit; minimum deposit $1,000.00, maximum $250,000.00; Ohio and Pennsylvania customers Last Updated 11/07/2026 Rate History No change since Oct 23, 2026 · 3.00% APY · checked 4 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
11-Month CD	0.50%	0.50%	11 Month	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History 1 change since Sep 20, 2026 · 1.00% → 0.50% ▼ 0.50 pts · high 1.00% / low 0.50% Oct 4, 20260.50%▼ from 1.00% Sep 20, 20261.00%first recorded Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
30-Month CD	0.50%	0.50%	30 Month	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History 1 change since Sep 20, 2026 · 1.00% → 0.50% ▼ 0.50 pts · high 1.00% / low 0.50% Oct 4, 20260.50%▼ from 1.00% Sep 20, 20261.00%first recorded Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
30-Month Fixed IRA	0.50%	0.50%	30 Month	$1,000
Min Deposit $1,000 Details Fixed Rate IRA; maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History 1 change since Sep 20, 2026 · 1.00% → 0.50% ▼ 0.50 pts · high 1.00% / low 0.50% Oct 4, 20260.50%▼ from 1.00% Sep 20, 20261.00%first recorded Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
6-Month CD	0.50%	0.50%	6 Month	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History 1 change since Sep 20, 2026 · 1.00% → 0.50% ▼ 0.50 pts · high 1.00% / low 0.50% Oct 4, 20260.50%▼ from 1.00% Sep 20, 20261.00%first recorded Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
9-Month CD	0.50%	0.50%	9 Month	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History 1 change since Sep 20, 2026 · 1.00% → 0.50% ▼ 0.50 pts · high 1.00% / low 0.50% Oct 4, 20260.50%▼ from 1.00% Sep 20, 20261.00%first recorded Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
10-Month CD	0.25%	0.25%	10 Month	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.25% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
13-Month CD	0.25%	0.25%	13 Month	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.25% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
24-Month CD	0.25%	0.25%	24 Month	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.25% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
48-Month CD	0.25%	0.25%	48 Month	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.25% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
60-Month CD	0.25%	0.25%	60 Month	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.25% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
60-Month Fixed IRA	0.25%	0.25%	60 Month	$1,000
Min Deposit $1,000 Details Fixed Rate IRA; maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.25% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
30 Day CD	0.05%	0.05%	30 Day	$1,000
Min Deposit $1,000 Details Maximum deposit $250,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.05% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%

The Andover Bank Savings Rates

Product	Rate	APY
Companion Savings	2.05%	2.07%
Min Balance $2,500 Details Qualifications Required: 12 debit card transactions over $10.00 posted to account; Balance tier from $2,500.00; 0.05% if qualifications not met Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 2.07% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Companion Savings	1.05%	1.05%
Min Balance $10,000 Details Balance tier from $10,000.01 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 1.05% APY · checked 9 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Smart Saver	0.30%	0.30%
Min Balance $10,000 Details Balance: $10,000.00 - 49,999.99 Last Updated 11/07/2026 Rate History 2 changes since Oct 12, 2026 · 0.30% → 0.30% ▼ 0.00 pts · high 0.30% / low 0.10% Nov 2, 20260.30%▲ from 0.10% Oct 28, 20260.10%▼ from 0.30% Oct 12, 20260.30%first recorded Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Smart Saver	0.30%	0.30%
Min Balance $50,000 Details Balance: $50,000.00 - 99,999.99 Last Updated 11/07/2026 Rate History 2 changes since Oct 12, 2026 · 0.30% → 0.30% ▼ 0.00 pts · high 0.30% / low 0.15% Nov 2, 20260.30%▲ from 0.15% Oct 28, 20260.15%▼ from 0.30% Oct 12, 20260.30%first recorded Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Smart Saver	0.30%	0.30%
Min Balance $100,000 Details Balance: $100,000.00 and over Last Updated 11/07/2026 Rate History 2 changes since Oct 12, 2026 · 0.30% → 0.30% ▼ 0.00 pts · high 0.30% / low 0.20% Nov 2, 20260.30%▲ from 0.20% Oct 28, 20260.20%▼ from 0.30% Oct 12, 20260.30%first recorded Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Health Savings Account	0.10%	0.10%
Min Balance $10,000 Details Balance tier from $10,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.10% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Health Savings Account	0.05%	0.05%
Min Balance $5,000 Details Balance tier from $5,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.05% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Christmas Club	0.03%	0.03%
Details Compounds quarterly Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.03% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Companion Savings	0.03%	0.03%
Min Balance $0 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.03% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Health Savings Account	0.03%	0.03%
Min Balance $1,000 Details Balance tier from $1,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.03% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Smart Saver	0.03%	0.03%
Min Balance $0 Details Balance: $0.01 - 9,999.99; Withdrawal limits apply Last Updated 11/07/2026 Rate History No change since Oct 12, 2026 · 0.03% APY · checked 6 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Statement Savings	0.03%	0.03%
Details Compounds quarterly Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.03% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Health Savings Account	0.02%	0.02%
Min Balance $0 Details Compounds monthly Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.02% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%

The Andover Bank Money Market Rates

Product	Rate	APY
Money Market Plus	2.00%	2.02%
Min Balance $50,000 Details Balance tier from $50,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 2.02% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Money Market Plus	1.25%	1.26%
Min Balance $250,000 Details Balance tier from $250,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 1.26% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Money Market Plus	1.00%	1.00%
Min Balance $10,000 Details Balance tier from $10,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 1.00% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Money Market Plus	1.00%	1.00%
Min Balance $1,000,000 Details Balance tier from $1,000,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 1.00% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Preferred Money Market Account	0.20%	0.20%
Min Balance $100,000 Details Balance tier from $100,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.20% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Preferred Money Market Account	0.15%	0.15%
Min Balance $50,000 Details Balance tier from $50,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.15% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Money Market Plus	0.10%	0.10%
Min Balance $0 Details Compounds Monthly Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.10% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Preferred Money Market Account	0.10%	0.10%
Min Balance $25,000 Details Balance tier from $25,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.10% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Preferred Money Market Account	0.05%	0.05%
Min Balance $10,000 Details Balance tier from $10,000.00 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.05% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Preferred Money Market Account	0.03%	0.03%
Min Balance $0 Details Compounds Monthly Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.03% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%

The Andover Bank Business Money Market Rates

Product	Rate	APY
Business Money Market	0.20%	0.20%
Min Balance $50,000 Details Balance: $50,000.00 and up; See above Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.20% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Business Money Market	0.20%	0.20%
Min Balance $500,000 Details Balance: $500,000.00 and up; See above Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.20% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Business Money Market	0.20%	0.20%
Min Balance $1,000,000 Details Balance: $1,000,000.00 and up; See above Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.20% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Business Money Market	0.04%	0.04%
Min Balance $0 Details Balance: $0.01 and up; Compounds Monthly Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.04% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%

The Andover Bank Checking Rates

Product	Rate	APY
Affinity Checking	3.93%	4.00%
Min Balance $0 Details Balance up to $10,000.00; Rates subject to change after account opening. Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 4.00% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Interest Checking	0.01%	0.01%
No additional details. Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.01% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Rewards Checking	0.01%	0.01%
No additional details. Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.01% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%

The Andover Bank Business Checking Rates

Product	Rate	APY
Commercial Interest Checking	0.01%	0.01%
Min Balance $10,000 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.01% APY · checked 9 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Commercial Interest Checking	0.01%	0.01%
Min Balance $25,000 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.01% APY · checked 9 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Commercial Interest Checking	0.01%	0.01%
Min Balance $50,000 Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.01% APY · checked 9 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%

The Andover Bank Mortgage Rates

Product	Rate	Points	APR	Term
15 Year Fixed Rate	6.375%	0.000%	6.532%	15 years
Details Today's Featured Rates Last Updated 11/07/2026 Rate History 4 changes since Sep 16, 2026 · 6.66% → 6.53% ▼ 0.13 pts · high 7.03% / low 6.53% Nov 2, 20266.53%▼ from 6.78% Oct 15, 20266.78%▼ from 7.03% Oct 8, 20267.03%▲ from 6.91% Sep 25, 20266.91%▲ from 6.66% Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
20 Year Fixed Rate	6.50%	0.000%	6.626%	20 years
Details Today's Featured Rates Last Updated 11/07/2026 Rate History 5 changes since Sep 16, 2026 · 7.13% → 6.63% ▼ 0.50 pts · high 7.38% / low 6.63% Nov 7, 20266.63%▼ from 6.75% Nov 2, 20266.75%▼ from 7.00% Oct 23, 20267.00%▼ from 7.13% Oct 15, 20267.13%▼ from 7.38% Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
30 Year Fixed Rate	6.875%	0.000%	6.973%	30 years
Details Today's Featured Rates Last Updated 11/07/2026 Rate History 6 changes since Sep 16, 2026 · 7.23% → 6.97% ▼ 0.25 pts · high 7.60% / low 6.97% Nov 7, 20266.97%▼ from 7.10% Nov 2, 20267.10%▼ from 7.23% Oct 23, 20267.23%▼ from 7.35% Oct 15, 20267.35%▼ from 7.60% Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%

The Andover Bank Other Rates

Product	Rate	Points	APY/APR	Term
91 Day IRA	3.60%	-	3.65%	91 Day
Min Deposit $1,000 Details Promotional IRA rate; Initial Rate and Initial APY; All Andover Bank IRAs require a minimum deposit of $1,000.00 with a maximum of $250,000.00; Offered to customers residing in Ohio and Pennsylvania Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 3.65% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Variable Rate IRA	0.02%	-	0.02%
Min Balance $0 Details Balance: from $.01; Rates subject to change; Variable rate IRA Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.02% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Variable Rate IRA	0.03%	-	0.03%
Min Balance $1,000 Details Balance: from $1,000.00; Rates subject to change; Variable rate IRA Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.03% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Variable Rate IRA	0.05%	-	0.05%
Min Balance $5,000 Details Balance: from $5,000.00; Rates subject to change; Variable rate IRA Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.05% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%
Variable Rate IRA	0.10%	-	0.10%
Min Balance $10,000 Details Balance: from $10,000.00; Rates subject to change; Variable rate IRA Last Updated 11/07/2026 Rate History No change since Sep 20, 2026 · 0.10% APY · checked 10 times Institution Ratings 4.5 Star Rating A Health Grade ◈ Texas Ratio: 1.91%

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Financial Health History

The Andover Bank’s Texas Ratio rose from 1.03% in Q3 2023 to 1.91% in Q2 2026, so its financial health has stayed very strong over the past 12 quarters. Over the same period its Star Rating moved from 1.0 to 4.5 and its Health Grade from F to A. Lower Texas Ratios are healthier — this bank’s entire history sits far below the 15% threshold for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$595M	1.91%	4.5	A
March 31, 2026	$602M	1.38%	4.0	B+
December 31, 2025	$587M	1.07%	4.4	A
September 30, 2025	$587M	1.47%	3.8	B+
June 30, 2025	$575M	1.81%	3.1	C+
March 31, 2025	$567M	2.35%	2.9	C+
December 31, 2024	$566M	2.42%	2.5	C
September 30, 2024	$583M	1.86%	3.5	B
June 30, 2024	$558M	2.63%	2.4	C-
March 31, 2024	$554M	1.32%	2.6	C
December 31, 2023	$559M	0.61%	2.9	C+
September 30, 2023	$551M	1.03%	1.0	F

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for The Andover Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather The Andover Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with The Andover Bank's official website for the most current offers and terms.

Bank Profile & Overview

Bank Name The Andover Bank

Website https://www.andover.bank

Address 19 Public Sq, Andover, OH 44003 · Ashtabula

Bank Holding Company ANDOVER BCORP INC

FDIC Certificate # 10663

Regulator FED

Established November 1, 1884

FDIC Insurance Date January 1, 1934

Domestic Offices 10

Total Branches 10

FDIC Insured ✓ Yes, up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

4.5 / 5.0 ★

Overall Health & Safety Grade

A (94/100)

Texas Ratio

1.91%

National Average Texas Ratio

5.85%

Return on Assets (ROA)

0.7883%

Return on Equity (ROE)

12.5500%

Non-Performing Loans Ratio (NPL)

0.12%

Total Assets

$595,104,000

Total Deposits

$553,145,000

Equity Capital

$38,606,000

Net Income

$2,344,000

Headquarters

Andover

Total Branches and Offices

Source: FDIC — Last Updated June 30, 2026

Customer Reviews

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Frequently Asked Questions About The Andover Bank

Does The Andover Bank offer CDs?

Yes. The Andover Bank current CD rates include its 18-Month CD at 3.85% APY, its Promotional CD - 18-Month CD at 3.85% APY and its 14-Month CD at 3.70% APY, verified by MonitorBankRates as of November 7, 2026.

Are CDs from The Andover Bank FDIC insured?

Yes. The Andover Bank is insured by the Federal Deposit Insurance Corporation (FDIC), so CDs opened there are insured up to $250,000 per depositor, per ownership category.

What is the highest CD rate at The Andover Bank?

The highest The Andover Bank CD rate is its 18-Month CD at 3.85% APY, verified by MonitorBankRates as of November 7, 2026.

What CD terms does The Andover Bank offer?

The Andover Bank CD rates are 0.25% APY for a 12 month CD, 3.70% APY for a 14 month CD, 3.85% APY for an 18 month CD, 0.25% APY for a 2 year CD, 3.50% APY for a 3 year CD, 0.25% APY for a 4 year CD and 0.25% APY for a 5 year CD, verified by MonitorBankRates as of November 7, 2026. The institution may offer other terms or specials that are not listed here, so check with The Andover Bank for its full lineup.

What is the highest savings rate at The Andover Bank?

The highest The Andover Bank savings rate is its Companion Savings at 2.07% APY, verified by MonitorBankRates as of November 7, 2026.

What is the highest money market rate at The Andover Bank?

The highest The Andover Bank money market rate is its Money Market Plus at 2.02% APY, verified by MonitorBankRates as of November 7, 2026.

What is the highest checking rate at The Andover Bank?

The highest The Andover Bank checking rate is its Affinity Checking at 4.00% APY, verified by MonitorBankRates as of November 7, 2026.

What is the lowest 30 year fixed mortgage rate at The Andover Bank?

The lowest The Andover Bank 30 year fixed mortgage rate is its 30 Year Fixed Rate at 6.875%, verified by MonitorBankRates as of November 7, 2026. The Andover Bank mortgage rates are 6.875% for a 30 year mortgage, 6.50% for a 20 year mortgage and 6.375% for a 15 year mortgage.

How many branches does The Andover Bank operate?

The Andover Bank currently maintains approximately 10 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, The Andover Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, The Andover Bank provides members with tools to manage their accounts and build a solid financial history.

Does The Andover Bank offer online and mobile banking?

Most modern institutions like The Andover Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.andover.bank.

Are all CD rates listed on MonitorBankRates federally insured?

Most are. Banks are insured by the FDIC and most credit unions by the NCUA, up to $250,000 per depositor, per ownership category. A small number of credit unions are privately insured instead, and we label them on their pages. MonitorBankRates is not a bank or credit union; deposit insurance comes from the institution where you open the account.

I want to open a CD with an institution listed on MonitorBankRates. How do I open the account?

You open the account directly with the bank or credit union. Use the View button next to a rate to go to the institution's website, then apply online, by phone or at a branch. Confirm the current rate and terms with the institution before you deposit.

If I open a CD I found on MonitorBankRates, is my account with MonitorBankRates or the institution?

Your account is with the financial institution. MonitorBankRates is a rate comparison site; we do not open accounts, hold deposits or handle your money.

Why are some CD offers not available for me to open?

Some offers are limited to certain states or local areas, require membership or an existing account, need a minimum deposit, or were promotions that have since ended. Rates can also change after we verify them. The institution's website has the current eligibility rules.

How do The Andover Bank rates compare?

The Andover Bank's top CD rate of 3.85% APY on an 18 month CD is 31% higher than the MonitorBankRates national average of 2.93% APY for that term, and it has an A health rating. The Andover Bank's top rates are its 18-Month CD at 3.85% APY, its Companion Savings at 2.07% APY, its Money Market Plus at 2.02% APY, its Affinity Checking at 4.00% APY and its 15 Year Fixed Rate at 6.375%, verified by MonitorBankRates on November 7, 2026.

Current The Andover Bank Rates

12-Month CD0.25%
18-Month CD3.85%
24-Month CD0.25%
36-Month CD3.50%
48-Month CD0.25%
60-Month CD0.25%
Savings2.07%
MMA2.02%

Retrieved from our database of financial products. Rates subject to change.

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The Andover Bank Rates & Review November 2026

Brian McKay

Overall Health & Safety Grade

MonitorBankRates Star Rating

The Andover Bank Texas Ratio

The Andover Bank Health Trend

The Andover Bank CD Rates

The Andover Bank Savings Rates

The Andover Bank Money Market Rates

The Andover Bank Business Money Market Rates

The Andover Bank Checking Rates

The Andover Bank Business Checking Rates

The Andover Bank Mortgage Rates

The Andover Bank Other Rates

Financial Health History

Methodology & Data Sources

Bank Profile & Overview

Financials

Customer Reviews

Frequently Asked Questions About The Andover Bank

Does The Andover Bank offer CDs?

Are CDs from The Andover Bank FDIC insured?

What is the highest CD rate at The Andover Bank?

What CD terms does The Andover Bank offer?

What is the highest savings rate at The Andover Bank?

What is the highest money market rate at The Andover Bank?

What is the highest checking rate at The Andover Bank?

What is the lowest 30 year fixed mortgage rate at The Andover Bank?

How many branches does The Andover Bank operate?

Is there a first-time homebuyer program?

Are credit management and repair services offered?

Does The Andover Bank offer online and mobile banking?

Are all CD rates listed on MonitorBankRates federally insured?

I want to open a CD with an institution listed on MonitorBankRates. How do I open the account?

If I open a CD I found on MonitorBankRates, is my account with MonitorBankRates or the institution?

Why are some CD offers not available for me to open?

How do The Andover Bank rates compare?

Current The Andover Bank Rates

Compare to Other Banks