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American National Bank and Trust Company Review

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American National Bank and Trust Company Savings
0.03% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1909, American National Bank and Trust Company has assets totaling $2 billion and deposits totaling $2 billion, making the institution a large bank. American National Bank and Trust Company, whose headquarters are in Danville, Virginia, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. We ranked the bank at a 4 out of 5 stars, indicating that American National Bank and Trust Company is a respectable bank that you should consider. American National Bank and Trust Company offers a full array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts and mortgage products. American National Bank and Trust Company has a fair savings rate; you can find higher rates with other banks. Banks that offer no-fee checking and a high interest rate savings account are the best bet for accruing the highest income on your deposits while maintaining convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.0/5
National Average: 4.1

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

Rates

3.1
SmartAsset Average: 3.5

American National Bank and Trust Company features a savings rate of 0.03%, which is fair in comparison to other U.S. banks. American National Bank and Trust Company's one-year CD has a rate of 0.60% and the five-year CD earns at a rate of 1.15%, while its highest-yielding money market account has an APY of 0.10%. Given American National Bank and Trust Company's noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How American National Bank and Trust Company's Savings Rates Compare

American National Bank and Trust Company Savings 0.03 National Average 0.26 Compare Offers
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Fees

NR
SmartAsset Average: 4.4

There is insufficient data on American National Bank and Trust Company's fees to provide a full SmartAsset rating.

Monthly Fee N/A National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

4.0
SmartAsset Average: 3.7

American National Bank and Trust Company is a brick-and-mortar bank, with 30 total branches in North Carolina and Virginia. It also offers access to mobile and web apps for an easy mobile-banking experience. It does not offer all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday, 7:00 a.m. to 11:00 p.m. ET; Saturday and Sunday, and 9:00 a.m. to 5:00 p.m. ET. American National Bank and Trust Company's online and mobile banking platforms receive moderately satisfactory ratings from users. Out of 45 ratings on iOS and Android platforms, the American National Bank and Trust Company mobile app is scored at 4.1 out of 5 (compared to the national average of 3.8). You can use American National Bank and Trust Company's app to manage your finances by reviewing current statements, sending and receiving funds as well as reaching support representatives. American National Bank and Trust Company gets a superb consumer satisfaction score due to relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

American National Bank and Trust Company is currently a large bank and manages $2 billion in assets as well as $2 billion in deposits. Its Texas Ratio is 1.58%, indicating that the bank is in superb financial shape and far from failure. Additionally, American National Bank and Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 American National Bank and Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.03% APY $1
Checking Account 0.01% APY $1
Certificates of Deposit
  • 12 Month: 0.60% APY
  • 24 Month: 0.75% APY
  • 36 Month: 0.90% APY
  • 48 Month: 0.95% APY
  • 60 Month: 1.15% APY
$500 for all terms
Money Market Account 0.06% APY $10001

American National Bank and Trust Company has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. American National Bank and Trust Company 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. American National Bank and Trust Company's CD rates are fair in comparison to the average U.S. bank.

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Find a American National Bank and Trust Company Near Me

American National Bank and Trust Company has 30 physical locations across the U.S.

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