Access National Bank Review

Access National Bank Savings

0.15% APY

Access National Bank was founded in 1999 with headquarters in Reston, Virginia. It handles $3 billion in assets along with deposits totaling $2 billion, which makes it a large bank. Access National Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. On the whole, Access National Bank is a respectable bank that should be given a look with a rating of 3.9 stars out of 5 from the SmartAsset team. 

Access National Bank offers a full selection of banking products, including savings accounts, checking accounts, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. Why use checking and savings accounts with the same bank? Convenient transferring between the two accounts translates to higher interest rates in your savings account with the flexibility of spending from your checking.

Service Quality

Access National Bank is a brick-and-mortar bank, with 15 total branches in Virginia. It also offers access to mobile and web apps for a simple mobile-banking experience. It does not have all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 8:00 a.m. to 6:00 p.m. ET; Saturday, 8:30 a.m. to 12:30 p.m. ET. 

Access National Bank's online and mobile banking platforms get low scores from users: the Access National Bank mobile app has an overall rating of 2.4 out of 5 (with 16 ratings on iOS and Android) compared to the national average of 3.8. You can access Access National Bank's app to control your bank accounts by checking current statements, sending and receiving money and reaching support representatives. Access National Bank gets a superb consumer satisfaction score based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency. 

Products Offered

Access National Bank has several deposit products which include savings accounts and checking accounts, providing you with many options to manage your money. It does not have the best savings rate, which means you should consider looking elsewhere for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Access National Bank's CD rates are fairly competitive in comparison to the average U.S. bank. 

Rates

Access National Bank has a savings rate of 0.15%, which is fair compared to the average U.S. bank. Its one-year CD has a rate of 1.40% and the five-year CD earns at a rate of 2.10%, while its highest-yielding money market account has a rate of 0.10%. Given its below average savings rate, you should contemplate other options to earn more on your deposits.

Fees

There is insufficient data on Access National Bank's fees to provide a full SmartAsset rating.

Financial Health

Access National Bank ranks as a large bank owning assets totaling $3 billion as well as $2 billion in deposits. Access National Bank's Texas Ratio is 1.02%, indicating an exceedingly low likelihood of failure. Additionally, Access National Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find an Access National Bank Near Me

Access National Bank has 15 physical branches across the U.S.