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American National Bank and Trust Company Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
American National Bank and Trust Company Savings
0.30% 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 $2 billion in assets along with deposits totaling $2 billion, which makes the institution a large bank. American National Bank and Trust Company, whose headquarters are in Danville, Virginia, lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Coming in at a commendable 4 out of 5 stars, American National Bank and Trust Company proves it is a respectable bank that gets the job done. American National Bank and Trust Company offers a varied selection of banking products, 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 compared to the average savings account. Institutions that offer no-fee checking as well as a high savings APY are the best bet for getting the highest income on your deposits while maintaining easy 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 0.30%, which is poor compared to other U.S. banks. American National Bank and Trust Company's one-year CD has a rate of 0.65% and the five-year CD has a rate of 1.29%, while its highest-yielding money market account has an APY of 0.40%. Given American National Bank and Trust Company's below average savings rate, you should think about looking at the competition to open savings accounts.

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

American National Bank and Trust Company Savings 0.30 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. With mobile and web apps, American National Bank and Trust Company makes mobile banking straightforward, even on the go. It does not have 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 receives fairly good reviews from customers for its online presence. The American National Bank and Trust Company mobile app rates a 4.1 out of 5 (with 45 ratings on iOS and Android) compared to the national average of 3.8. American National Bank and Trust Company's mobile app lets you control your finances by reviewing account balances, transferring money and accessing support representatives. American National Bank and Trust Company receives a superb consumer satisfaction rating based on relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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 ranks as a large bank with $2 billion in assets and deposits totaling $2 billion. Its Texas Ratio is 1.58%, indicating a low likelihood of 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 0.3% APY $1
Checking Account 0.01% APY $1
Certificates of Deposit
  • 12 Month: 0.65% APY
  • 24 Month: 0.90% APY
  • 36 Month: 0.95% APY
  • 48 Month: 1.00% APY
  • 60 Month: 1.29% APY
$500 for all terms
Money Market Accounts 0.25% APY 0.4% APY $10000 $15000

American National Bank and Trust Company has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with 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 other options 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 as compared against the national average.

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Find a American National Bank and Trust Company Near Me

American National Bank and Trust Company has 30 physical branches in the U.S.

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