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American National Bank Review

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American National Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1964, American National Bank has assets totaling $4 billion along with $3 billion in deposits, ranking it as a large bank. American National Bank, whose headquarters are in Omaha, Nebraska, 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 in-person service, in addition to its online and mobile apps. At a SmartAsset rating of 4.1 out of 5 stars, American National Bank should be solidly in contention for your choice of bank. American National Bank has a full choice of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, 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, the bank's standard checking account does not carry a monthly fee. Finding a bank with free checking and a high savings APY is the best option for returning the highest income on your deposits while maintaining easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

2.8
SmartAsset Average: 3.5

American National Bank features a savings rate of 0.15%, which is fair in comparison to the average U.S. bank. American National Bank's CD rates are 0.50% and 1.40% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.35%. Given its below average savings rate, you should consider choosing another bank to earn more on your deposits.

How American National Bank's Savings Rates Compare

American National Bank Savings 0.15 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

American National Bank charges customers extremely low fees in comparison to the average U.S. bank. With no monthly fee, American National Bank is ideal for those who want a simple banking experience. American National Bank does not reimburse out-of-network ATM charges, which means you will have to search for an American National Bank ATM or eat the withdrawal fee.

Monthly Fee $0 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

3.5
SmartAsset Average: 3.7

American National Bank is a brick-and-mortar bank, with 40 total branches in Iowa, Minnesota and Nebraska. With mobile and web apps, American National Bank makes account access straightforward, even 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, 7:00 a.m. to 7:00 p.m. CT; Saturday, and 8:00 a.m. to 1:00 pm. CT. American National Bank gets inferior feedback from customers for its mobile platform. Out of 140 ratings across both iOS and Android platforms, the American National Bank mobile app is scored at 3.2 out of 5 (compared to the national average of 3.8). American National Bank's mobile app lets you control your bank accounts by reviewing monthly statements, sending and receiving funds and reaching support representatives. American National Bank gets a superb consumer satisfaction rating due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.2/5
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 is currently a large bank owning $4 billion in assets as well as $3 billion in deposits. American National Bank's Texas Ratio is 1.75%, suggesting that the bank is in superb financial shape and far from failure. Additionally, American 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

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 to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $100
Checking Account 0.11% APY $2500
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 1.00% APY
  • 36 Month: 1.15% APY
  • 48 Month: 1.25% APY
  • 60 Month: 1.40% APY
$10000 for all terms
Money Market Account 0.28% APY $10000

American 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. American National Bank 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's CD rates are fair in comparison to the average U.S. bank.

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Find a American National Bank Near Me

American National Bank has 40 locations in the U.S.

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