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Central National Bank (KS) 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
Central National Bank Savings
0.16% APY

Overview

Our Rating: 4.0/5 How we calculated this rating

Central National Bank was founded in 1884 and its headquarters are located in Junction City, Kansas. It handles assets totaling $933 million and deposits totaling $817 million, which makes it a medium-size 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 a 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 34 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

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.16% APY $5 Compare Offers
Certificates of Deposit
  • 7 - 90 Days: 0.39% APY
  • 91 - 181 Days: 0.39 APY
  •  182 - 365 Days: 0.37% APY
  • 1 - 1.99 Years: 0.38% APY
  • 2 - 2.99 Years: 0.34% APY
  • 3 - 4.99 Years: 0.40% APY
  • 5+ Years: 0.49% APY
$10,000 for all tiers Compare Offers
Money Market Accounts 10K tier: 0.25% APY $10,000 Compare Offers
Checking Accounts 0.05% APY $30 Compare Offers

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 0.09%, Central National Bank ranks below the mean in comparison to the average U.S. bank. Its one-year CD earns at a rate of 0.75% and the five-year CD has a rate of 1.36%, while its highest-yielding money market account has a rate of 0.15%. Given its poor savings rate, you should think about other options to earn more on your deposits.

Compare Central National Bank to Other Competitive Offers

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 $933 million and deposits totaling $817 million. Central National Bank has an excellent Texas Ratio of 2.12%, 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 34 physical locations in the U.S.

 

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