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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 as well as $3 billion in deposits, ranking the institution as a large bank. American National Bank, whose headquarters are in Omaha, Nebraska, 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 access to service representatives at a physical location, in addition to its online and mobile offerings. SmartAsset has rated American National Bank 4.1 stars out of 5, which means it is a respectable bank that warrants your consideration. American National Bank offers the complete selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. American National Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, American National Bank's standard checking account does not have a monthly fee. Banks that offer free checking, in addition to a high interest rate savings account are your best option for getting the most income from your deposits while having 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 has a savings rate of 0.15%, which is fair compared to other U.S. banks. Its one-year and five-year term lengths CDs earn at a rate of 0.70% and 1.70%, respectively, while its highest-yielding money market account earns at a rate of 0.35%. Given American National Bank's noncompetitive savings rate, you should consider other options 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

On average, American National Bank charges customers extremely low fees compared to the national average. With no monthly fee, American National Bank's checking account is perfect for people who want a hassle-free banking experience. American National Bank unfortunately doesn't reimburse out-of-network ATM charges, meaning you'll be required to locate an American National Bank ATM or pay 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 bank locations in Iowa, Minnesota and Nebraska. 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 actual service 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 marks from users for its mobile banking services. With 140 ratings across Apple and Android platforms, the American National Bank mobile app has an overall rating of 3.2 out of 5 (compared to the national average of 3.8). American National Bank's mobile app lets you manage your funds by looking at current statements, transferring funds as well as accessing customer service. American National Bank receives an exceptional consumer satisfaction rating based on relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored 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 a large bank with $4 billion in assets and deposits totaling $3 billion. It has an excellent Texas Ratio of 1.75%, denoting that American National Bank is in terrific financial well-being and improbable to fail. 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: 0.70% APY
  • 24 Month: 1.20% APY
  • 36 Month: 1.40% APY
  • 48 Month: 1.55% APY
  • 60 Month: 1.70% APY
$10000 for all terms
Money Market Accounts 0.28% APY 0.35% APY $10000 $15000

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 consider 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 as compared against the national average.

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Find a American National Bank Near Me

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

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