Central National Bank (KS) Review

Central National Bank Savings

0.15% APY

Central National Bank was founded in 1884 and its headquarters are located in Junction City, Kansas. It handles assets totaling $1.25 billion and deposits totaling $1.12 billion, which makes it a medium-sized bank. Central National Bank 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 offerings. We gave Central National Bank 4 stars out of 5, which means it is a respectable bank that deserves your consideration. 

Central National Bank provides customers with a full array of product offerings, which include savings accounts, checking accounts, money market accounts, mortgage products and credit cards. Central National Bank has a fair savings rate compared to the average savings account. Opening both checking and savings accounts in the same place can be perfect when you want to get the highest return on your deposits while keeping convenient access to your funds.

Service Quality

Central National Bank is a brick-and-mortar bank, with 35 total branches in Kansas and Nebraska. With mobile and web apps, Central National Bank makes account access straightforward, even on the go.  

Central National Bank's online and mobile banking services get relatively high scores from users: out of 150 ratings on iOS and Android platforms, the Central National Bank mobile app rates a 4.1 out of 5 (compared to the national average of 3.8). You can use Central National Bank's mobile app to manage your finances by checking account balances, transferring funds as well as reaching support representatives. Central National Bank gets an exceptional consumer satisfaction rating based on comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector. 

Products Offered

Central National Bank has several deposit products like savings accounts, checking accounts and money market accounts, giving you many options to manage your money. It does not have the best savings rate, which means you should consider other options for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Central National Bank's CD rates are fair in comparison to the average U.S. bank.

Rates

With a savings rate of 0.15%, Central National Bank ranks below the mean in comparison to the average U.S. bank. Its one-year CD earns at a rate of 1.44% and the five-year CD has a rate of 1.60%, while its highest-yielding money market account has a rate of 1.26%. Given its poor savings rate, you should think about other options to earn more on your deposits.

Fees

There is insufficient data on Central National Bank's fees to provide a full SmartAsset rating.

Financial Health

Central National Bank ranks as a medium-size bank owning assets totaling $1.25 billion and deposits totaling $1.12 billion. Central National Bank has an excellent Texas Ratio of 0.61%, suggesting an exceedingly small likelihood of failure. Additionally, Central National Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a Central National Bank Near Me

Central National Bank has 35 physical locations in the U.S.