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BNC National Bank 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
BNC National Bank Savings
0.55% APY

Overview

Our Rating: 4.6/5 How we calculated this rating

BNC National Bank started in 2001 with its headquarters in Glendale, Arizona. BNC National Bank has assets totaling $945 million along with $824 million in deposits, ranking it as a medium-size bank. BNC 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 offerings. With a commendable 4.6 out of 5 stars, BNC National Bank is a solid pick to be your bank. 

BNC National Bank provides customers with a complete array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. Ideal for making large returns on your money, BNC National Bank's savings account has an excellent interest rate. If you're looking for a checking account for everyday use, BNC National Bank offers an option without a monthly fee. Using the same bank for checking and savings can be best for getting the highest interest rates on your deposits while retaining convenient access to your money.

Service Quality

BNC National Bank is a brick-and-mortar bank, with 15 total branches in Arizona, Minnesota and North Dakota. It also offers access to mobile and web apps for easy access and banking on the go. It does not offer all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday, 8:00 a.m. to 5:00 p.m. CT. 

BNC National Bank's online and mobile banking services receive moderate feedback from customers: with 43 customer reviews across both Apple and Android platforms, the BNC National Bank mobile app is scored at 3.7 out of 5 (compared to the national average of 3.8). You can access BNC National Bank's app to manage your funds by monitoring current statements, transferring money as well as reaching support representatives. BNC National Bank receives a superb consumer satisfaction score based on relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.55% APY $10 Compare Offers
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 1.20% APY
  • 36 Month: 1.50% APY
  • 48 Month: 1.45% APY
  • 60 Month: 1.90% APY
$100 for all tiers Compare Offers
Money Market Accounts
  • 10K tier: 0.25% APY
  • $10
Compare Offers
Checking Accounts 0.25% APY $1,000 Compare Offers

BNC National Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs, giving you many options to manage your money. BNC National Bank's savings account interest rate is extremely competitive, great if you want to grow your money while still having it accessible. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. BNC National Bank's CD rates are fair in comparison to the national average.

Rates

BNC National Bank features a savings rate of 0.55%, which is excellent as compared against the national average. Its one-year CD earns at a rate of 1.00% and the five-year CD earns at a rate of 1.90%, while its highest-yielding money market account has a rate of 0.25%. With an excellent APY, BNC National Bank's savings account can be used to save towards a key occasion such as retirement.

Compare BNC National Bank to Other Competitive Offers

Fees

BNC National Bank has generally extremely low fees in comparison to the national average. With no monthly fee, BNC National Bank is perfect for people who want a basic banking experience. 

Financial Health

BNC National Bank is a medium-size bank owning $945 million in assets and $824 million in deposits. Its Texas Ratio is 1.94%, suggesting that BNC National Bank is in superb financial condition and exceedingly far from failure. Additionally, BNC National Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a BNC National Bank Near Me

BNC National Bank has 15 physical locations across the U.S.

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