Loading
Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Amarillo National Bank Review

Your Details Done
by Updated
Amarillo National Bank Savings
0.80% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1892, Amarillo National Bank has assets totaling $4 billion along with deposits totaling $3 billion, ranking the institution as a large bank. Amarillo National Bank, whose headquarters are in Amarillo, Texas, lacks premium access to support representatives, with no options for live chat or all-day service. 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, Amarillo National Bank is among the top banks, and should be given serious consideration, with a rating of 4.5 out of 5 stars from the SmartAsset team. Amarillo National Bank offers a full array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. Amarillo National Bank has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Amarillo National Bank's most basic checking account does not have a monthly charge. Institutions that offer no-fee checking, in addition to a high interest rate savings account are the best option for returning the most income from your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.5/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

5.0
SmartAsset Average: 3.5

With a savings rate of 0.80%, Amarillo National Bank ranks poorly in comparison to other U.S. banks. Its one-year CD has a rate of 2.25% and the five-year CD has a rate of 2.85%, while its highest-yielding money market account earns at an APY of 0.85%. Given its poor savings rate, you should think about opting for higher earning savings accounts with other banks.

How Amarillo National Bank's Savings Rates Compare

Amarillo National Bank Savings 0.80 National Average 0.26 Compare Offers
Back to Overview

Fees

4.3
SmartAsset Average: 4.4

Amarillo National Bank has generally low fees in comparison to the national average. With no monthly fee, Amarillo National Bank's checking account is perfect for those who need an easy checking account. For those who regularly visit the ATM, it is fair because it charges an out-of-network ATM fee of $1.25, which is reasonable in comparison to other U.S. banks. Amarillo National Bank unfortunately does not reimburse out-of-network ATM charges, meaning you will be required to locate an Amarillo National Bank ATM or pay the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $1.25 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

3.7
SmartAsset Average: 3.7

Amarillo National Bank is a brick-and-mortar bank, with 21 total branches in Texas. It also offers access to mobile and web apps for simple access and banking on the go. It does not offer all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday and 8:00 a.m. to 5:00 p.m. CT. Amarillo National Bank's online and mobile banking platforms receive fair marks from customers. Out of 450 ratings across Apple and Android platforms, the Amarillo National Bank mobile app has an overall rating of 3.6 out of 5 (compared to the national average of 3.8). Amarillo National Bank's mobile app lets you control your accounts by looking at current statements, transferring money as well as reaching customer service. Amarillo National Bank receives a superb consumer satisfaction score due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.8
SmartAsset Average: 4.8

Amarillo National Bank is currently a large bank owning $4 billion in assets and $3 billion in deposits. It has an excellent Texas Ratio of 4.05%, indicating a minute likelihood of failure. Additionally, Amarillo National Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

4.05%
High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

Back to Overview

Compare Amarillo National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.8% APY $1
Checking Account 0.75% APY $1000
Certificates of Deposit
  • 12 Month: 2.25% APY
  • 24 Month: 2.25% APY
  • 36 Month: 2.30% APY
  • 48 Month: 2.40% APY
  • 60 Month: 2.85% APY
$1000 for all terms
Money Market Account 0.85% APY $1000

Amarillo National Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Amarillo National Bank does not have the best savings rate, which means you should think about looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Amarillo National Bank's CD rates are fair in comparison to the national average.

Back to Overview

Find a Amarillo National Bank Near Me

Amarillo National Bank has 21 locations across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure