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Citizens & Northern Bank Review

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Citizens & Northern Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1864, Citizens & Northern Bank has assets totaling $1 billion along with $1 billion in deposits, making the institution a medium-size bank. Citizens & Northern Bank, whose headquarters are in Wellsboro, Pennsylvania, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. Overall, Citizens & Northern Bank is a good bank that deserves your consideration, with a score of 4.1 out of 5 stars from our team. Citizens & Northern Bank provides customers with a selection of banking products, which include savings accounts, checking 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 looking for a checking account for everyday use, Citizens & Northern Bank offers an option without a monthly fee. Finding a checking account with no monthly fee and a savings account with a high APY at the same institution is your best option for accruing the most income on your deposits while maintaining convenient 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

3.3
SmartAsset Average: 3.5

Citizens & Northern Bank has a savings rate of 0.10%, which is poor in comparison to the national average. Citizens & Northern Bank's one-year CD earns at a rate of 1.10% and the five-year CD has a rate of 1.91%, while its highest-yielding money market account has a rate of 0.25%. Given its below average savings rate, you should consider opting for higher earning savings accounts with other banks.

How Citizens & Northern Bank's Savings Rates Compare

Citizens & Northern Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

4.5
SmartAsset Average: 4.4

Citizens & Northern Bank typically has low fees compared to the national average. With no monthly fee, Citizens & Northern Bank's checking account is perfect for people who need a hassle-free banking experience. Additionally, at $35.00, Citizens & Northern Bank's overdraft fee is lower than the national average. Citizens & Northern Bank does not reimburse out-of-network ATM fees, meaning you will have to search for a Citizens & Northern Bank ATM or eat the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
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Service Quality

4.1
SmartAsset Average: 3.7

Citizens & Northern Bank is a brick-and-mortar bank, with 26 total branches in New York and Pennsylvania. It also offers access to mobile and web apps for a straightforward mobile-banking experience. Citizens & Northern Bank's online and mobile banking platforms get reasonably good feedback from customers. The Citizens & Northern Bank mobile app has been given a 4.3 out of 5 (with 140 customer reviews on iOS and Android) compared to the national average of 3.8. You can access Citizens & Northern Bank's mobile app to manage your funds by checking current statements, sending and receiving funds as well as accessing support representatives. Citizens & Northern Bank receives an exceptional consumer satisfaction rating based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.5
SmartAsset Average: 4.8

Citizens & Northern Bank ranks as a medium-size bank and handles $1 billion in assets and deposits totaling $1 billion. Citizens & Northern Bank's Texas Ratio is 10.28%, suggesting a tiny likelihood of failure. Additionally, Citizens & Northern Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

10.28%
High Risk 75% 50% 20% 10% Low Risk

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 Citizens & Northern Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $200
Certificates of Deposit
  • 12 Month: 1.10% APY
  • 24 Month: 1.26% APY
  • 36 Month: 1.81% APY
  • 48 Month: 1.86% APY
  • 60 Month: 1.91% APY
$10000 for all terms
Money Market Accounts 0.15% APY 0.25% APY $10000 $15000

Citizens & Northern Bank offers several deposit products like savings accounts, checking accounts and CDs to give you many options to manage your money. Citizens & Northern Bank does not have the best savings rate, which means you should think about taking a look elsewhere 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. Citizens & Northern Bank's CD rates are fair compared to other U.S. banks.

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Find a Citizens & Northern Bank Near Me

Citizens & Northern Bank has 26 locations across the U.S.

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