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Amarillo National Bank Review

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Amarillo National Bank Savings
0.75% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Amarillo National Bank was founded in 1892 and is headquartered in Amarillo, Texas. It owns assets of $4 billion along with deposits totaling $3 billion, classifying it as a large bank. Amarillo National Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We ranked the bank at a 4.5 stars out of 5, which means Amarillo National Bank is among the best banks, and should be given serious consideration. Amarillo National Bank offers a complete suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Amarillo National Bank's most basic checking account does not have a monthly fee. Using a bank with no-fee checking as well as a high savings APY is your best option for getting the highest income from your deposits while having 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 0.75%, Amarillo National Bank ranks poorly compared to the national average. Its CD rates are 2.25% and 2.85% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.85%. Given its below average savings rate, you should consider taking a look at other banks for savings accounts.

How Amarillo National Bank's Savings Rates Compare

Amarillo National Bank Savings 0.75 National Average 0.26 Compare Offers
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Fees

4.3
SmartAsset Average: 4.4

Amarillo National Bank charges customers low fees compared to the average U.S. bank. With no monthly fee, Amarillo National Bank's checking account is perfect for people who want a hassle-free banking experience. For those who frequently visit the ATM, Amarillo National Bank is fair because it has an out-of-network ATM fee of $1.25, which is reasonable in comparison to other U.S. banks. Amarillo National Bank unfortunately doesn't reimburse out-of-network ATM charges, meaning you'll have to locate an Amarillo National Bank ATM or pay the fee.

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
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Service Quality

3.7
SmartAsset Average: 3.7

Amarillo National Bank is a brick-and-mortar bank, with 21 total branches in Texas. With mobile and web apps, Amarillo National Bank makes mobile banking straightforward, even on the go. It does not provide access to 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 receives moderate reviews from users for its mobile banking services. The Amarillo National Bank mobile app scored a 3.6 out of 5 (out of 450 customer reviews on Apple and Android) compared to the national average of 3.8. You can use Amarillo National Bank's app to control your bank accounts by checking monthly statements, sending and receiving funds as well as accessing support representatives. Amarillo National Bank receives an excellent consumer satisfaction rating based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

Amarillo National Bank is currently a large bank owning assets totaling $4 billion and $3 billion in deposits. It has an excellent Texas Ratio of 4.05%, indicating that the bank is in superb financial well-being and unlikely to fail. 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.

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Compare Amarillo National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.75% 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 that provide you with many options to manage your money. Amarillo National Bank does not have the best savings rate, which means you should consider taking a look 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 average U.S. bank.

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Find a Amarillo National Bank Near Me

Amarillo National Bank has 21 physical branches in the U.S.

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